SUN
Sunoco LP52.31
-1.11-2.08%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A affirms Parkland regional strengths
Q&A unpacked fuel distribution dynamics post-Parkland, with management highlighting Canada's superior margins and stability versus U.S., Caribbean's robust demand from Guyana's boom, and sustainable 17.7¢/gallon blends from structural factors over transients. Bolt-on M&A's $500M is a multiyear floor across U.S., Canada, Caribbean, and Europe—best projects win. Synergies ramp on track to exceed $250M target, echoing NuStar success. Parkland is a home run. Confident tone signals distribution hikes beyond 5%; investors watch M&A execution amid leverage discipline.
Key Stats
Market Cap
9.84BP/E (TTM)
18.82Basic EPS (TTM)
2.78Dividend Yield
0.07%Recent Filings
8-K
Sunoco closes $1.2B notes
Sunoco LP completed a $1.2B private notes offering on March 9, 2026: $600M 5.375% due 2031 and $600M 5.625% due 2034, netting $1,187.5M. Proceeds redeem NuStar's 6% notes due 2026 and Sunoco's 6% notes due 2027, with leftovers for general purposes or revolver payback. Refinancing trims rates. Change of Control triggers repurchase at 101%.
8-K
Prices $1.2B notes to refinance
Sunoco LP priced an upsized $600M 5.375% senior notes due 2031 and $600M 5.625% notes due 2034 at 100%, settling March 9, 2026. Proceeds will redeem NuStar's 6.000% notes due 2026 on that date and Sunoco's 6.000% notes due 2027 on March 30 at par plus interest; the latter hinges on closing. Refinancing cuts rates. Balance for general purposes.
8-K
Notes offering to refinance debt
Sunoco LP launched a private offering of $500M senior notes due 2031 and $500M due 2034 to redeem NuStar's 6% notes due 2026 by March 9 and its own 6% notes due 2027 by March 30, paired with revolver borrowings. As of February 23, it held $500M cash yet carried $338M revolver debt with $2,109M capacity. Pro forma 2025 net income fell to $251M post-Parkland Acquisition. Debt swap extends maturities.
10-K
FY2025 results
Sunoco LP closed FY2025 ended December 31, 2025 with $2.0B Adjusted EBITDA, up 40% y/y, fueled by the transformative Parkland Acquisition on October 31 adding immediate Refinery and Terminals momentum while Q4 tuck-in buys of 27 consignment sites and 36 dealer sites for $64M cash boosted Fuel Distribution volumes 15% y/y to 9.9B gallons. Q4 accelerated with Pipeline Systems throughput up sequentially from NuStar integration and ET-S Permian JV ramp, driving 718 Segment Adjusted EBITDA despite $2.6B cash outlay for Parkland; margins held firm at 13.2¢/gallon amid $13.4B year-end debt. Free cash flow not disclosed in the 10-K. $13.39B total debt includes $2.5B Credit Facility (undrawn) maturing June 2030; Q4 capex focused growth. Parkland integration risks could slow quarterly momentum.
8-K
Q4 results post-Parkland acquisition
Sunoco LP reported Q4 net income of $97 million, down from $141 million, yet Adjusted EBITDA surged to $646 million from $439 million, boosted by the Parkland acquisition closed October 31, 2025. Fuel distribution volumes jumped 54% to 3.3 billion gallons at 17.7 cents per gallon margin, while leverage hit 4.0 times. It hiked distributions 1.25% to $0.9317 per unit, targeting 5% growth.
IPO
Website
Employees
Sector
Industry
CAPL
CrossAmerica Partners LP
20.68-0.08
DK
Delek US Holdings, Inc.
31.83-2.15
DKL
Delek Logistics Partners, L.P.
44.18-0.76
ET
Energy Transfer LP
16.36-0.14
MPC
Marathon Petroleum Corporation
176.79-8.72
PBF
PBF Energy Inc.
26.64-3.29
PSX
Phillips 66
131.78-9.73
SGU
Star Group L.P.
11.72-0.03
SU
Suncor Energy Inc.
42.22-1.43
VLO
Valero Energy Corporation
162.82-5.08