Highest-materiality recent filing
Sunoco LP Q1 net income $644M, Adjusted EBITDA $867M, distribution raised 6.25%
Net income $644M (vs $207M YoY); Adjusted EBITDA $858M ($867M excl. transaction costs); DCF adj. $535M.
Sunoco LP increases quarterly distribution by 6.25% to $0.9899 per unit
Quarterly distribution of $0.9899 per unit ($3.9596 annualized), up 6.25% from prior quarter.
Sunoco LP prices $1.2B senior notes offering at 5.375% and 5.625%; upsized from $1B
Priced $600M 5.375% senior notes due 2031 and $600M 5.625% senior notes due 2034, upsized from $500M each.
Sunoco LP launches $1B senior notes offering to redeem 6% notes due 2026-2027
Offering $500M each of 2031 and 2034 senior notes; proceeds plus revolver borrowings will redeem NuStar 6% 2026 and Sunoco 6% 2027 notes.
Sunoco LP Q4 2025: Adj. EBITDA $646M, DCF $442M; distribution up 1.25%
Net income attributable to SUN was $97M in Q4 2025 vs $141M Q4 2024; full year $527M vs $866M.
Sunoco LP completes acquisition of Parkland Corporation in $12.5 billion transaction
Sunoco acquired all outstanding common shares of Parkland via a court-approved plan of arrangement on October 31, 2025.
Sunoco LP guides 2026 Adjusted EBITDA $3.1B-$3.3B; targets 5% distribution growth
Adjusted EBITDA for 2026 forecast between $3.1B and $3.3B; includes ~$125M Parkland synergies.
Sunoco LP Q3 net income $137M, Adj. EBITDA $489M, distribution up 1.25%
Net income $137M vs $2M YoY; Adj. EBITDA $489M (excl. $7M transaction costs) vs $456M.
Sunoco LP completes acquisition of Parkland Corporation; SunocoCorp common units to trade under SUNC
Aggregate consideration: ~CAD$3.458M cash and 51.5M SunocoCorp common units.
Sunoco expects to close Parkland acquisition Oct 31; SUNC units to trade Nov 3
Acquisition of Parkland Corporation expected to close October 31, 2025, subject to customary closing conditions.
C$1.352B (84.5%) of Parkland CAD notes and US$2.564B (98.6%) of USD notes validly tendered and not withdrawn as of Oct 20 early participation deadline.
Sunoco's acquisition of Parkland receives Canadian government approval under Investment Canada Act
Government of Canada approved the Transaction under the Investment Canada Act on October 14, 2025.
Sunoco commences exchange offers for C$1.6B and US$2.6B Parkland notes; amends credit agreement
Exchange offers cover seven series of Parkland notes totaling C$1.6B and US$2.6B.
Sunoco and Parkland announce HSR waiting period expiration for pending acquisition
Hart-Scott-Rodino waiting period expired September 19, 2025 at 11:59 p.m. ET.
Sunoco raises ~$3.36B in notes & preferred offering for Parkland acquisition
Completed $1.0B 5.625% notes due 2031 and $900M 5.875% notes due 2034; net proceeds ~$1.88B.
Sunoco LP issues 1.5M Series A preferred units at 7.875% for $1.5B gross proceeds
Gross proceeds of $1.5B from 1.5M 7.875% Series A Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Units.
Sunoco prices $1.9B senior notes (5.625%/5.875%) and $1.5B preferred for Parkland
$1B of 5.625% notes due 2031 and $900M of 5.875% notes due 2034 priced; upsized from $850M each.
Sunoco announces private offering of $850M senior notes due 2031 and $850M senior notes due 2034.
Sunoco LP Q2 2025: Adj. EBITDA $464M, distribution +1.25%, Parkland acquisition on track
Net income $86M (Q2 2024: $501M); Adj. EBITDA (excl. one-time) $464M vs $400M in prior year.
Extended revolving credit facility maturity from May 2029 to June 2030; increased commitments from $1.5B to $2.4555B upon Parkland acquisition close.
Sunoco amends Parkland deal; pro forma 2024 net loss $262M, Q1 2025 net income $106M
Amendment adjusts funding mechanics and proration formula for ~$9.1B Parkland acquisition; all other terms unchanged.
LC sublimit increased to $250M; amendment permits $2.65B Parkland Acquisition Bridge Debt and $3.4B Backstop Bridge Debt.
Sunoco agrees to acquire Parkland Corporation for CAD$19.80 cash + 0.295 SUNCorp units per share
Per Parkland share: CAD$19.80 cash + 0.295 SUNCorp units; alternative all-cash or all-stock options subject to proration.
Sunoco Q1 Adj EBITDA $458M; announces $9.1B Parkland acquisition and €500M TanQuid deal
Q1 net income $207M ($230M Q1 2024); Adjusted EBITDA $458M ($242M); Distributable Cash Flow $310M ($176M).
Sunoco to acquire Parkland in $9.1B cash-and-stock deal; 25% premium, 10%+ accretion expected
Transaction valued at $9.1B including assumed debt; implied 25% premium for Parkland shareholders.
Sunoco LP prices $1B of 6.250% senior notes due 2033; upsized from $750M
Aggregate principal $1B at 6.250% due 2033, upsized from initial $750M.
Q4 2024 net income $141M vs loss $106M in Q4 2023; FY2024 net income $874M vs $394M in 2023.
Sunoco LP raises quarterly distribution to $0.8865/unit, targets 2025 growth ≥5%
Quarterly distribution increased 1.25% to $0.8865 per common unit; annualized $3.5460.
Sunoco LP Q3 2024: Net income sinks to $2M; Adj EBITDA surges to $456M on NuStar acquisition
Net income $2M vs $272M YoY ($0.01 EPS); includes large non-cash charges from NuStar integration.
Sunoco LP Q2 net income $501M record; Adjusted EBITDA $400M excl. transaction costs
Net income $501M vs $87M YoY; Adjusted EBITDA $400M excl. $80M transaction expenses; Distributable Cash Flow $295M vs $175M.
Sunoco and Energy Transfer form Permian crude gathering JV; Sunoco holds 32.5% stake
Joint venture combines Permian crude oil and produced water gathering assets; Sunoco contributes all its Permian crude gathering assets.
On April 22, 2025, Mr. Christopher R. Curia, age 69, announced his intention to retire from the board of directors (the “Board”) of Sunoco GP LLC (the “General Partner”), the general partner of Sunoco LP (the “Partnership”), effective May 1, 2025.
on July 2, 2024, Mr. Bradley C. Barron was appointed to the board of directors (the “Board”) of Sunoco GP by the sole member of Sunoco GP pursuant to the provisions of the Amended and Restated Limited Liability Company Agreement of Sunoco GP dated September 25, 2012, as amended.
On March 22, 2024, Mr. W. Brett Smith, age 64, was appointed to the board of directors (the “Board”) of Sunoco GP LLC (the “General Partner”), the general partner of Sunoco LP (the “Partnership”) by the sole member of the General Partner pursuant to the provisions of the Amended and Restated Limited Liability Company Agreement of the General Partner dated September 25, 2012, as amended.
On April 20, 2022, Mr. William P. Williams, age 85, informed Sunoco LP (“the Partnership”) of his intention to retire from the board of directors (the “Board”) of Sunoco GP LLC (the “General Partner”), the general partner of the Partnership, effective April 20, 2022.
amends Item 5.02 to add information regarding the accelerated vesting of Mr. Ramsey’s Partnership common units upon retirement from the Board.
On March 11, 2022, Mr. Matthew S. Ramsey, age 67, announced his intention to retire from the board of directors (the “Board”) of Sunoco GP LLC (the “General Partner”), the general partner of Sunoco LP (the “Partnership”) effective April 1, 2022
On March 11, 2022 and effective April 1, 2022, Mr. Ray W. Washburne, age 61, was appointed to the Board of the General Partner of the Partnership, by the sole member of the General Partner pursuant to the provisions of the Amended and Restated Limited Liability Company Agreement of the General Partner dated September 25, 2012, as amended.
On December 31, 2021, James W. Bryant, age 88, announced his intention to retire from the board of directors (the “Board”) of Sunoco GP LLC (the “General Partner”), the general partner of Sunoco LP (the “Partnership”), and as a member of its Compensation and Audit Committees, effective December 31, 2021.
Max materiality 0.90 · Median 0.65 · Most common event debt