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

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%).

Parkland (TSX: PKI) reported strong Q3 2025 results and an update on the Sunoco transaction. Parkland delivered Adjusted EBITDA of $540 million and net earnings of $129 million for Q3. Trailing twelve months cash from operations was $1,646 million and available cash flow was $668 million. Leverage decreased to 3.1x and liquidity is approximately $2.3 billion. The Sunoco transaction is expected to close on October 31, 2025, Parkland shares will be delisted from the TSX, and SunocoCorp common units are expected to begin trading on the NYSE as SUNC on November 3, 2025.

Sunoco LP (NYSE: SUN) announced the expected closing of its proposed acquisition of Parkland Corporation (TSX: PKI) on October 31, 2025, subject to customary closing conditions.

Sunoco said the Common Units of SunocoCorp LLC to be issued to Parkland shareholders are expected to begin trading on the New York Stock Exchange under the ticker SUNC on November 3, 2025. At closing, SunocoCorp is expected to hold an approximate 27% limited partner interest in Sunoco LP's outstanding common units.

Energy Transfer (NYSE: ET) announced a quarterly cash distribution of $0.2111 per Series I preferred unit (ETprI).

The distribution will be paid on November 14, 2025 to holders of record at the close of business on November 4, 2025. The release also notes tax withholding rules for foreign investors and directs investors to the company website for more information.

Sunoco (NYSE: SUN) announced results of early participation in its private exchange offers and consent solicitations for Parkland Corporation notes on October 20, 2025.

Holders validly tendered approximately C$1,352,346,000 (84.5%) of PKI CAD Notes and US$2,564,002,000 (98.6%) of PKI USD Notes. Early consideration: for each C$1,000 or US$1,000 of PKI Notes accepted, holders will receive par amount of New Notes (inclusive of a C$50/US$50 early premium) plus C$2.50/US$2.50 cash. Withdrawal rights expired October 20, 2025; exchange offers now expire November 4, 2025, with settlement expected promptly after expiration.

Each New Note will mirror the corresponding PKI Note terms; consummation remains subject to completion of the Parkland acquisition and other conditions.