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Sunoco LP(SUN) - 2025 Q1 - Quarterly Report
2025-05-08 20:25
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended: March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-35653 SUNOCO LP (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Numbe ...
SUN Misses on Q1 Earnings & Revenues, Hikes Distribution
ZACKS· 2025-05-07 13:51
Sunoco LP (SUN) reported first-quarter 2025 earnings of $1.21 per unit, which missed the Zacks Consensus Estimate of $1.69. However, the bottom line improved from the year-ago quarter’s $1.06 per unit. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)Total quarterly revenues of $5.18 billion missed the Zacks Consensus Estimate of $5.32 billion. The top line also decreased from $5.50 billion reported in the year-ago quarter.The year-over-year increase in earnings can be attributed to ...
Sunoco LP(SUN) - 2025 Q1 - Earnings Call Transcript
2025-05-06 15:02
Sunoco (SUN) Q1 2025 Earnings Call May 06, 2025 10:00 AM ET Company Participants Scott Grischow - VP of Investor Relations, Senior VP of Finance & TreasurerKarl Fails - Chief Operations OfficerJoseph Kim - President, CEO & Director of Sunoco GP LLCSpiro Dounis - Director Operator Greetings, and welcome to the Sonoco LP's First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. A brief question and answer session will follow the formal presentation. ...
Sunoco LP(SUN) - 2025 Q1 - Earnings Call Transcript
2025-05-06 14:00
Sunoco (SUN) Q1 2025 Earnings Call May 06, 2025 10:00 AM ET Speaker0 Greetings, and welcome to the Sonoco LP's First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. A brief question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Scott Grishel, senior vice president, finance, and treasurer. Thank you, sir. You may begin. Speaker1 Thank you, an ...
Sunoco LP(SUN) - 2025 Q1 - Quarterly Results
2025-05-06 11:12
Exhibit 99.1 News Release Sunoco LP Reports First Quarter 2025 Financial and Operating Results DALLAS, May 6, 2025 - Sunoco LP (NYSE: SUN) ("SUN" or the "Partnership") today reported financial and operating results for the quarter ended March 31, 2025. Financial and Operational Highlights Net income for the first quarter of 2025 was $207 million compared to $230 million in the first quarter of 2024. Adjusted EBITDA for the first quarter of 2025 was $458 million compared to $242 million in the first quarter ...
Sunoco to acquire Parkland in $9.1B deal
Proactiveinvestors NA· 2025-05-05 14:31
Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced news journalists who produce independent content across various financial markets [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content includes insights into sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is committed to adopting technology to enhance its content creation and workflow processes [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all published content is edited and authored by humans [5]
Sunoco (SUN) M&A Announcement Transcript
2025-05-05 12:30
Summary of Sunoco's Acquisition of Parkland Corporation Conference Call Company and Industry - **Companies Involved**: Sunoco (SUN) and Parkland Corporation - **Industry**: Fuel distribution and refining Key Points and Arguments 1. **Transaction Overview**: Sunoco will acquire 100% of Parkland's outstanding common shares in a cash and equity transaction valued at $9.1 billion, including assumed debt, resulting in a combined enterprise value of nearly $24.5 billion [4][5] 2. **Shareholder Premium**: The total consideration of $43.33 Canadian per share represents a 25% premium based on the seven-day volume-weighted average prices of both companies as of May 2, 2025 [4] 3. **Financial Benefits**: The transaction is expected to be immediately accretive, generating at least 10% accretion to distributable cash flow per unit and at least $250 million of annual synergies by the third year post-close [5][18] 4. **Regulatory Approval**: The transaction is subject to regulatory approvals and a Parkland shareholder vote, with an expected close in the second half of 2025 [6] 5. **Strategic Rationale**: The merger creates the largest independent fuel distributor in the Americas, optimizing for stability and growth, and enhancing cash flow for reinvestment [8][15] 6. **Management Expertise**: Sunoco's management has a proven track record of integrating large acquisitions and delivering shareholder value, which is expected to benefit Parkland's employees and shareholders [10][12] 7. **Operational Synergies**: The combined company will leverage operational efficiencies, supply chain optimization, and cost advantages due to increased scale [25][30] 8. **Refinery Contribution**: The refinery is projected to contribute about 5% of 2024 pro forma EBITDA, with conservative projections providing a potential upside [17] 9. **Future Growth**: The combined entity is anticipated to generate over 50% higher free cash flow than Sunoco as a standalone company by year three [20] 10. **Suncorp Structure**: A new publicly traded vehicle, Suncorp, will be created for tax purposes, providing a tax-efficient way to fund the equity consideration for the deal [45] Additional Important Content 1. **Employee Opportunities**: The merger is expected to create significant opportunities for employees, with a commitment to retaining a Canadian head office and strong operational presence in Canada [11][12] 2. **Market Presence**: The acquisition enhances Sunoco's market presence in the Atlantic Basin and Pacific regions, providing a robust supply chain and trading organization [55][60] 3. **Tax Implications**: Preliminary analysis suggests manageable to no near-term tax leakage, allowing continued dividend parity for Suncorp [64][70] 4. **Currency Exposure**: The management is open to hedging currency risks associated with the acquisition, although no formal plans have been announced [67] This summary encapsulates the key aspects of the conference call regarding the acquisition of Parkland Corporation by Sunoco, highlighting the strategic, financial, and operational implications of the transaction.
Sunoco (SUN) Earnings Call Presentation
2025-05-05 12:15
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 Set to Report Q1 Earnings: Here's What You Need to Know
ZACKS· 2025-05-01 14:40
Core Viewpoint - Sunoco LP (SUN) is expected to report first-quarter 2025 results on May 6, with adjusted earnings anticipated to show a significant year-over-year improvement despite recent downward revisions in estimates [1][3]. Earnings Performance - In the last reported quarter, Sunoco's adjusted earnings were 75 cents per share, missing the Zacks Consensus Estimate of $2.38, primarily due to lower fuel margins [1]. - The average negative surprise over the last four quarters is 17.6%, with one earnings beat, two misses, and one meeting the estimate [1]. Earnings Estimates - The Zacks Consensus Estimate for first-quarter earnings per share is $1.69, reflecting a 59.4% improvement from the prior year's reported number [1]. - The revenue estimate stands at $5.3 billion, indicating a 3.3% decrease from the year-ago figure [2]. Operational Factors - Sunoco's stable business model is supported by its extensive midstream operations, which include 14,000 miles of pipeline and over 100 terminals, likely generating stable cash flows [3]. - An expected increase of 8.1% in total motor fuel gallons sold year-over-year is anticipated to contribute positively to the bottom line [3]. Earnings Whispers - Current analysis suggests that Sunoco is unlikely to beat earnings expectations this reporting cycle, with an Earnings ESP of 0.00% and a Zacks Rank of 5 (Strong Sell) [4].
Sunoco LP (SUN) Stock Slides as Market Rises: Facts to Know Before You Trade
ZACKS· 2025-04-24 23:00
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 ...