Sunoco (SUN) M&A Announcement May 05, 2025 08:30 AM ET Speaker0 Greetings, and welcome to the Sunoco Acquisition of Parkland Corporation Conference Call. Please note this conference is being recorded. I will now turn the conference over to your host, Scott Grishow, SVP Finance and Treasurer. Thank you. You may begin. Speaker1 Good morning, and thank you for joining our call to discuss today's announcement of Sunoco acquiring Parkland Corporation. A press release and presentation can be found on Sunoco's Inv ...

2 Additional Information and Where to Find It Forward-Looking Statements This communication contains "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended. In this context, forward-looking statements often address future business and financial events, conditions, expectations, plans or ambitions, and often include, but are not li ...

Sunoco LP (SUN) is set to report first-quarter 2025 results on May 6, before the opening bell.In the last reported quarter, its adjusted earnings of 75 cents per share missed the Zacks Consensus Estimate of $2.38, primarily due to lower fuel margins.SUN’s earnings beat the Zacks Consensus Estimate once in the trailing four quarters, missed twice and met once, delivering an average negative surprise of 17.6%. This is depicted in the graph below:SUN’s Estimate TrendThe Zacks Consensus Estimate for first-quart ...

Sunoco LP (SUN) closed the most recent trading day at $58.77, moving -0.68% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 2.03% for the day. On the other hand, the Dow registered a gain of 1.23%, and the technology-centric Nasdaq increased by 2.74%.The master limited partnership's stock has climbed by 2.25% in the past month, exceeding the Oils-Energy sector's loss of 10.82% and the S&P 500's loss of 5.07%.The upcoming earnings release of Sunoco LP will b ...

DALLAS, April 23, 2025 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN" or the "Partnership") announced that the Board of Directors of SUN's general partner declared a distribution of $0.8976 per common unit, or $3.5904 on an annualized basis, for the quarter ended March 31, 2025. This represents an increase of approximately 1.25%, or $0.0111 per common unit, as compared with the quarter ended December 31, 2024.This is the second consecutive quarterly increase in SUN's distribution and is consistent with SUN's ...

DALLAS, April 3, 2025 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN" or the "Partnership") announced that it will release its first quarter 2025 financial and operating results before the market opens on Tuesday, May 6, 2025. Management will hold a conference call that same day at 9:00 a.m. Central Daylight Time (10:00 a.m. Eastern Daylight Time) to discuss SUN's results. By Phone: Dial 877-407-6184 (toll free) or 201-389-0877 at least 10 minutes before the call. A replay will be available through May 13, ...

In the latest market close, Sunoco LP (SUN) reached $57.86, with a -1.13% movement compared to the previous day. This change lagged the S&P 500's 0.22% loss on the day. At the same time, the Dow lost 0.03%, and the tech-heavy Nasdaq lost 0.33%.Heading into today, shares of the master limited partnership had gained 0.38% over the past month, outpacing the Oils-Energy sector's loss of 1.22% and the S&P 500's loss of 7.48% in that time.Analysts and investors alike will be keeping a close eye on the performance ...

DALLAS, March 20, 2025 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("Sunoco" or the "Partnership") today announced that it has priced at 100% a private offering (the "offering") of 6.250% senior notes due 2033 in an aggregate principal amount of $1 billion (the "notes"). This offering was upsized from an initial offering size of $750 million aggregate principal amount. The sale of the notes is expected to settle on March 31, 2025, subject to the satisfaction of customary closing conditions.Sunoco intends to use t ...

Financial Performance - Net income for Q4 2024 was $141 million, a significant improvement from a net loss of $106 million in Q4 2023[3] - Adjusted EBITDA for Q4 2024 reached $439 million, up from $236 million in Q4 2023, including approximately $7 million in one-time transaction-related expenses[3] - For the full year 2024, net income was $874 million, compared to $394 million in 2023[4] - Adjusted EBITDA for the full year 2024 was $1.46 billion, an increase from $964 million in 2023, including $106 million in one-time transaction-related expenses[4] - Distributable Cash Flow, as adjusted, for Q4 2024 was $261 million, compared to $148 million in Q4 2023[3] - Distributable Cash Flow for the year ended December 31, 2024 was $946 million, compared to $658 million for the year ended December 31, 2023, marking a 44% increase[18] Segment Performance - Fuel Distribution segment profit increased to $302 million in Q4 2024 from $130 million in Q4 2023, reflecting a substantial growth[25] - Pipeline Systems segment profit rose to $203 million in Q4 2024 from $1 million in Q4 2023, driven by increased throughput[27] - Terminals segment profit increased to $120 million in Q4 2024 from $18 million in Q4 2023, attributed to recent acquisitions[30] Distribution and Capital Expenditures - The Board declared a distribution of $0.8865 per unit for Q4 2024, with an annualized distribution of $3.5460 per unit[4] - Total distributions to partners increased to $158 million in Q4 2024 from $90 million in Q4 2023, showing a 75% increase[18] - Total capital expenditures in Q4 2024 were $132 million, including $74 million for growth capital[6] Debt and Leverage - At the end of Q4 2024, long-term debt was approximately $7.5 billion, with a leverage ratio of net debt to Adjusted EBITDA of 4.1 times[6] Future Outlook - The partnership targets a distribution growth rate of at least 5% for 2025 and expects full-year 2025 Adjusted EBITDA to be in the range of $1.90 billion to $1.95 billion[5][11] Operational Metrics - The partnership sold approximately 8.6 billion gallons of fuel in 2024, with Q4 fuel margin at 10.6 cents per gallon[5] - Motor fuel gallons sold decreased to 2,151 million in Q4 2024 from 2,195 million in Q4 2023, a decline of 2%[26] - Pipeline throughput for Q4 2024 was 1,395 thousand barrels per day, compared to no throughput reported in Q4 2023[27] - Adjusted EBITDA related to unconsolidated affiliates was $48 million in Q4 2024, up from $2 million in Q4 2023[18]

DALLAS, March 20, 2025 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("Sunoco" or the "Partnership") today announced a private offering (the "offering") of senior notes due 2033 in an aggregate principal amount of $750 million (the "notes").Sunoco intends to use the net proceeds from the offering to repay indebtedness, including by redeeming in full NuStar Logistics, L.P.'s 5.750% senior notes due 2025 (the "NuStar 2025 Notes") and repaying a portion of the outstanding borrowings under Sunoco's revolving credit fac ...