Sunoco LP
53.39-0.07 (-0.13%)
Oct 29, 4:00:02 PM EDT · NYSE · SUN · USD
Key Stats
Market Cap
7.29BP/E (TTM)
46.03Basic EPS (TTM)
1.16Dividend Yield
0.07%Recent Filings
8-K
Strong note exchange participation
Sunoco LP announced strong early participation in its exchange offers for Parkland Corporation's notes, with C$1.352 billion of CAD-denominated debt (84.5% outstanding) and US$2.564 billion of USD-denominated debt (98.6% outstanding) tendered by October 20, 2025, securing consents to amend indentures. The deadline for full early premium extended to November 4, 2025, matching later tenders. Offers hinge on completing the Parkland acquisition. Tenders lock in now.
8-K
Sunoco boosts quarterly payout
Sunoco LP announced a quarterly cash distribution of $0.9202 per common unit for the quarter ended September 30, 2025, up 1.25% from the prior quarter and marking the fourth straight increase. This aligns with the partnership's strategy targeting at least 5% annual distribution growth for 2025, building on 11% cumulative hikes since 2022. Payments hit unitholders on November 19. Yet distributions hinge on business performance amid market risks.
8-K
Canada approves Sunoco-Parkland deal
Sunoco LP secured Investment Canada Act approval for its acquisition of Parkland Corporation on October 14, 2025, clearing a key regulatory hurdle in the deal announced back in May. The transaction, involving issuance of SunocoCorp units, eyes a Q4 2025 close pending other approvals and conditions. Yet integration risks loom large. Deal advances steadily.
8-K
Sunoco launches Parkland notes exchange
Sunoco LP amended its credit agreement on October 3, 2025, to accommodate new notes issuance and guarantees tied to its pending Parkland acquisition. On October 6, it launched exchange offers for $2.6B of Parkland's senior notes due 2026-2032, swapping them for identical Sunoco notes plus cash incentives, while soliciting consents to strip covenants from Parkland indentures. This streamlines debt post-acquisition, but hinges on deal closure amid regulatory hurdles. Tenders expire November 4.
8-K
Sunoco secures $3.4B for Parkland buy
Sunoco LP closed a $1.9 billion notes offering and $1.5 billion preferred units issuance on September 18, 2025, to finance its pending Parkland acquisition announced in May. The senior notes, due 2031 and 2034 at 5.625% and 5.875%, plus reset preferred units yielding 7.875% initially, will fund cash consideration and trim revolver debt temporarily. Both instruments trigger mandatory redemption if the deal misses the May 5, 2026 deadline. Deal risks loom large.
IPO
Website
Employees
Sector
Industry
CAPL
CrossAmerica Partners LP
20.60-0.31
DK
Delek US Holdings, Inc.
38.21+0.80
DKL
Delek Logistics Partners, L.P.
45.00-0.88
ET
Energy Transfer LP
16.93-0.06
MPC
Marathon Petroleum Corporation
195.75+3.54
PBF
PBF Energy Inc.
34.11+1.33
PSX
Phillips 66
138.00+4.34
SGU
Star Group L.P.
11.47-0.21
SU
Suncor Energy Inc.
40.00+0.37
VLO
Valero Energy Corporation
170.66+1.32