Sunoco Lp/Sunoco Fin Corp Stock Price, News & Analysis

Energy Transfer (NYSE: ET) will release fourth quarter and full year 2025 earnings on Tuesday, February 17, 2026 before the market opens. The company will host an earnings conference call the same day at 8:00 AM Central / 9:00 AM Eastern, with a live webcast and limited-time replay available on its website.

Energy Transfer operates ~140,000 miles of pipeline across 44 states and owns material stakes in Sunoco (28.5 million common units, ~15% of combined common and Class D units) and USA Compression (46.5 million common units, ~38% of outstanding common units).

Energy Transfer (NYSE: ET) priced $3.0 billion of senior notes: $1.0B 4.550% due 2031, $1.0B 5.350% due 2036 and $1.0B 6.300% due 2056, at public prices of 99.830%, 99.933% and 99.842%, respectively. The sale is expected to settle on January 27, 2026, subject to customary closing conditions. Net proceeds are expected to be approximately $2.97 billion (before offering expenses) and will be used to refinance existing indebtedness, including repayment of commercial paper and borrowings under the revolving credit facility, and for general partnership purposes. BofA Securities, Deutsche Bank Securities, Mizuho, MUFG and SMBC Nikko are joint book-running managers. The offering is being made pursuant to an effective shelf registration and prospectus meeting Securities Act requirements.

Company profile: Energy Transfer operates ~140,000 miles of pipeline across 44 states and holds material ownership interests in Sunoco (NYSE: SUN) and USA Compression Partners (NYSE: USAC).

Sunoco LP (NYSE: SUN) announced full-year 2026 guidance with Adjusted EBITDA of $3.1B–$3.3B. Key assumptions include $125M of Parkland synergies, closing the TanQuid acquisition in Q1 2026, and a planned 50-day turnaround at Burnaby Refinery starting end of January. The company plans growth capex ≥ $600M, maintenance capex of $400M–$450M, and a multi-year bolt-on acquisition cadence of ≥ $500M annually. Sunoco expects to return to its long-term 4.0x leverage target in 2026 and targets distribution growth of at least 5% for 2026, with quarterly announcements of future increases. Distributable Cash Flow per unit is expected to increase for a ninth consecutive year.

Energy Transfer (NYSE: ET) announced its 2026 outlook on January 6, 2026, targeting $5.0 billion–$5.5 billion of growth capital mainly for natural gas network projects and forecasting $17.3 billion–$17.7 billion of consolidated Adjusted EBITDA (including Sunoco and USA Compression).

The company expects targeted project returns in the mid‑teens, aims to maintain rating‑agency leverage of 4.0–4.5x EBITDA, and plans long‑term distribution growth of 3–5% annually. Key 2026 projects include Nederland Flexport NGL expansion, Mustang Draw I/II, Hugh Brinson Pipeline Phase I, Lone Star Express and Gateway NGL work, and Texas data‑center pipelines.

Energy Transfer (NYSE: ET) said it is upsizing Transwestern Pipeline’s Desert Southwest expansion from 42" to 48", raising potential capacity to up to 2.3 Bcf/d depending on compression and targeting in-service by Q4 2029.

The project cost is now expected to be up to $5.6 billion (ex-AFUDC) and Energy Transfer expects ~$200 million higher growth capex in 2026 to fund the increase. The expansion targets demand growth in Arizona and New Mexico and potential coal-to-gas conversions.

Energy Transfer (NYSE: ET) announced on December 18, 2025 that it is suspending development of the Lake Charles LNG project to prioritize capital allocation toward its backlog of natural gas pipeline infrastructure projects that management views as offering superior risk/return profiles.

The company said it remains open to discussions with third parties interested in developing the project. Energy Transfer operates about 140,000 miles of pipeline across 44 states and holds 28.5 million common units (~15%) of Sunoco (NYSE: SUN) and 46.5 million common units (~38%) of USA Compression Partners (NYSE: USAC).

Sunoco (NYSE: SUN) and Parkland (TSX: PKI) announced the expiration of the Hart-Scott-Rodino (HSR) waiting period for Sunoco's pending acquisition of Parkland. The expiration satisfies an important regulatory step required to complete the transaction.

The companies said the Transaction is expected to close in the fourth quarter of 2025, and closing remains subject to other regulatory approvals and the satisfaction of certain customary closing conditions.

Parkland (TSX: PKI) and Sunoco (NYSE: SUN) announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for Sunoco's pending acquisition of Parkland.

The HSR waiting period expiration satisfies an important regulatory step and the parties said the transaction is expected to close in the fourth quarter of 2025, subject to obtaining other regulatory approvals and satisfaction of customary closing conditions.

Sunoco (NYSE: SUN) announced on November 5, 2025 the final results of private exchange offers and consent solicitations for Parkland-issued Canadian and U.S. dollar notes.

Sunoco reported C$1,474,777,000 (≈92.2%) of PKI CAD Notes and US$2,579,839,000 (≈99.2%) of PKI USD Notes validly tendered. Sunoco completed its acquisition of Parkland on October 31, 2025, and Parkland will become a Sunoco subsidiary.

Accepted PKI Notes will exchange for New Notes with substantially identical interest rates and maturities; PKI Amending Supplemental Indentures will remove most restrictive covenants, certain defaults, the financial reporting covenant and the change-of-control purchase offer. Settlement is expected on November 7, 2025. New Notes remain unregistered and subject to transfer restrictions.