SUNOCO,INC

SUN

Market cap $3.9B

While the top- and bottom-line numbers for Sunoco LP (SUN) give a sense of how the business performed in the quarter ended September 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Sunoco LP remains a "buy," offering a 7% yield and targeting 5% annual distribution growth, underpinned by the Parkland acquisition. Q3 results showed strong adjusted EBITDA growth, with Parkland's integration expected to drive further distributable cash flow and synergies. SUN's leverage will temporarily rise post-acquisition, but management targets a return below 4x within a year, supporting continued distribution increases.

DALLAS , Nov. 5, 2025 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("Sunoco") today announced the expiration and final results of its previously announced private exchange offers of outstanding Canadian dollar denominated notes (collectively, "PKI CAD Notes") and U.S. dollar denominated notes (collectively, "PKI USD Notes" and, together with the PKI CAD Notes, the "PKI Notes") previously issued by Parkland Corporation ("Parkland") for new notes to be issued by Sunoco (the "New Notes") and cash (collectively, the "Exchange Offers") and related consent solicitations (collectively, the "Consent Solicitations") to adopt the Proposed Amendments (as defined below) to the PKI Indentures (as defined below), commenced by Sunoco on October 6, 2025. The Exchange Offers and Consent Solicitations expired at 5:00 p.m.

Sunoco LP Common Units ( SUN ) Q3 2025 Earnings Call November 5, 2025 10:00 AM EST Company Participants Scott Grischow Karl Fails - Executive VP & COO of Sunoco GP LLC Joseph Kim - President, CEO & Director of Sunoco GP LLC Austin Harkness - Executive VP & Chief Commercial Officer of Sunoco GP LLC Conference Call Participants Spiro Dounis - Citigroup Inc., Research Division Justin Jenkins - Raymond James & Associates, Inc., Research Division Theresa Chen - Barclays Bank PLC, Research Division Elias Jossen - JPMorgan Chase & Co, Research Division Ned Baramov - Wells Fargo Securities, LLC, Research Division Presentation Operator Greetings, and welcome to Sunoco's Third Quarter 2025 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Reports third quarter results, including net income of $137 million, Adjusted EBITDA(1), excluding one-time transaction-related expenses(2), of $496 million and Distributable Cash Flow, as adjusted(1), of $326 million Increases quarterly distribution by 1.25%; on track to meet distribution growth target of at least 5% for 2025 Reports third quarter leverage of 3.9 times; maintains strong trailing 12-month distribution coverage ratio of 1.8 times Completes the acquisition of Parkland Corporation Remains on track to complete the acquisition of TanQuid in the fourth quarter of 2025 DALLAS , Nov. 5, 2025 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN" or the "Partnership") today reported financial and operating results for the quarter ended September 30, 2025. Financial and Operational Highlights  Net income for the third quarter of 2025 was $137 million compared to $2 million in the third quarter of 2024.

DALLAS , Nov. 3, 2025 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("Sunoco" or the "Partnership"), and SunocoCorp LLC (NYSE: SUNC) ("SunocoCorp") announced today that Sunoco completed the acquisition of Parkland Corporation ("Parkland") on October 31, 2025 (the "Transaction"). Parkland shares are expected to be delisted from the Toronto Stock Exchange as of the close of markets on Tuesday, November 4, 2025 and, until such time, will continue to be traded on the Toronto Stock Exchange.

In the closing of the recent trading day, Sunoco LP (SUN) stood at $53.46, denoting a -1.09% move from the preceding trading day.

Strong third quarter Adjusted EBITDA1 of $540 million On track to deliver midpoint of 2025 Adjusted EBITDA Guidance2 of $1.8 to $2.1 billion Sunoco Transaction3 expected to close on October 31, 2025 CALGARY, AB , Oct. 27, 2025 /PRNewswire/ - Parkland Corporation ("Parkland", "we", the "Company", or "our") (TSX: PKI), today announced its financial and operating results for the three and nine months ended September 30, 2025. "Parkland delivered another strong quarter, reflecting the strength of its diversified business, and clearly demonstrating our ability to deliver 2025 Adjusted EBITDA guidance," said Bob Espey, President and Chief Executive Officer.

DALLAS , Oct. 27, 2025 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("Sunoco" or the "Partnership") announced today that the previously announced proposed acquisition of Parkland Corporation (TSX: PKI) ("Parkland") by Sunoco (the "Transaction") is expected to close on October 31, 2025, subject to the satisfaction or waiver of customary closing conditions. Sunoco also announced that on November 3, 2025, the Common Units of SunocoCorp LLC ("SunocoCorp") that will be issued to Parkland shareholders in connection with the Transaction are expected to begin trading on the New York Stock Exchange under the ticker symbol "SUNC".