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

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.

Energy Transfer (NYSE:ET) reported Q3 2025 results: net income attributable to partners $1.02B (Q3 2024: $1.18B) and Adjusted EBITDA $3.84B (Q3 2024: $3.96B). Distributable Cash Flow attributable to partners, as adjusted, was $1.90B vs $1.99B a year earlier. The Partnership cited several one-time items driving the declines.

Q3 growth capex was $1.14B; maintenance capex $293M. Energy Transfer raised the quarterly cash distribution to $0.3325 per common unit (+>3% YoY). 2025 growth capex expected ~$4.6B; 2026 growth capex expected ~$5B. Revolving credit capacity available: $3.44B.

Sunoco LP (NYSE: ET) reported third quarter 2025 results: net income $137M (Q3 2024: $2M), Adjusted EBITDA $489M and distributable cash flow, as adjusted, $326M (Q3 2024: $349M). The Board declared a quarterly distribution of $0.9202 per unit (annualized $3.6808), up ~1.25%, supporting a 2025 target of at least 5% distribution growth. Leverage was 3.9x net debt to Adjusted EBITDA with trailing 12-month distribution coverage of 1.8x. SUN completed the acquisition of Parkland and remains on track to close the TanQuid acquisition in Q4 2025. Q3 capital expenditures were $157M (growth $115M, maintenance $42M).

Parkland Corporation announced that Sunoco LP completed its acquisition of Parkland on October 31, 2025. Parkland shares are expected to be delisted from the Toronto Stock Exchange at market close on November 4, 2025 and will continue trading on TSX until then.

Parkland shareholders will receive Common Units of SunocoCorp LLC; those Common Units are expected to begin trading on the New York Stock Exchange under ticker SUNC on November 6, 2025 following settlement and allocation.

Sunoco LP (SUN) and SunocoCorp (SUNC) announced completion of the acquisition of Parkland Corporation on October 31, 2025. Parkland shares are expected to be delisted from the Toronto Stock Exchange at market close on November 4, 2025. The Common Units of SunocoCorp to be received by Parkland shareholders will begin trading on the New York Stock Exchange on November 6, 2025 under the ticker SUNC following settlement of Parkland shares and completion of the allocation process. An updated investor presentation is available on Sunoco's Investor Relations website under Webcasts & Presentations.

Energy Transfer (NYSE: ET) increased its quarterly cash distribution to $0.3325 per common unit ($1.33 annualized) for the quarter ended September 30, 2025, a rise of more than 3% versus the third quarter of 2024. The distribution will be paid on November 19, 2025 to unitholders of record as of the close of business on November 7, 2025.

The company will release Q3 2025 earnings on November 5, 2025 after market close and hold a conference call the same day at 3:30 p.m. CT / 4:30 p.m. ET, with a live webcast available at energytransfer.com. Energy Transfer reports owning ~140,000 miles of pipeline across 44 states and holds minority interests in Sunoco (approx. 21%) and USA Compression Partners (approx. 38%).