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

Energy Transfer (NYSE: ET) has scheduled its second quarter 2025 earnings release for August 6, 2025, after market close. The company will host a conference call the same day at 3:30 PM CT/4:30 PM ET to discuss results and provide updates.

Energy Transfer operates one of America's largest energy asset portfolios, including 140,000 miles of pipeline infrastructure across 44 states. The company's portfolio includes natural gas midstream operations, transportation and storage assets, crude oil and NGL infrastructure, and significant ownership stakes in Sunoco LP (NYSE: SUN) and USA Compression Partners (NYSE: USAC).

Energy Transfer (NYSE: ET) has expanded its LNG supply agreement with Chevron, adding 1.0 million tonnes per annum (mtpa) to their existing partnership. This 20-year agreement increases Chevron's total contracted volume to 3.0 mtpa from the Lake Charles LNG export facility.

The agreement follows the same terms as their initial December 2024 deal, with LNG supplied on a free-on-board basis and pricing linked to Henry Hub. The deal remains subject to Energy Transfer's final investment decision. The Lake Charles facility will utilize existing infrastructure including four LNG storage tanks and two deep water berths, with direct connection to Energy Transfer's Trunkline pipeline system accessing multiple natural gas basins.

Engine Capital LP, owning 2.5% of Parkland Corporation, announced its intention to vote against the proposed transaction with Sunoco LP, citing an inadequate price and flawed sale process. The deal values Parkland at $44 per share, but Engine argues this translates to only $41.60 per share at current rates. Engine criticizes the Board for conducting a rushed 6-day negotiation without competitive bidding, questioning the involvement of outgoing CEO Bob Espey who stands to receive a $12.3M change-of-control payment. The investor argues Parkland's fair value is around $52.50 per share based on sum-of-parts analysis, and suggests the deal significantly undervalues the company's assets, particularly its international division. Engine proposes alternatives including a revised deal structure similar to Sunoco's 2023 proposal of $18 plus 0.443 Sunoco units, which would value Parkland at $50.70 per share.

Energy Transfer (NYSE: ET) has signed a significant 20-year LNG Sale and Purchase Agreement (SPA) with Kyushu Electric Power Company for up to 1.0 million tonnes per annum (mtpa) of LNG from its Lake Charles LNG project. This marks Kyushu's first-ever long-term LNG procurement contract from the U.S. The agreement follows recent deals, including a 5.0 mtpa HOA with MidOcean Energy and two 1.0 mtpa agreements with other international companies.

The LNG will be supplied on a free-on-board basis, with pricing linked to Henry Hub plus a fixed liquefaction charge. The agreement is contingent on Energy Transfer taking a final investment decision (FID) on the Lake Charles LNG project. The facility will be constructed on an existing brownfield site with four LNG storage tanks, two deep water berths, and direct connection to Energy Transfer's Trunkline pipeline system.

Parkland Corporation has filed its Management Information Circular for a strategic merger with Sunoco LP. The arrangement offers shareholders three consideration options: (1) C$19.80 in cash plus 0.295 SunocoCorp units, (2) C$44.00 in cash, or (3) 0.536 SunocoCorp units. The deal represents a 25% premium based on the 7-day VWAP as of May 2, 2025. The combined entity will become one of the largest independent fuel distributors in the Americas, expecting to achieve US$250 million in annual synergies by year three. Sunoco commits to maintaining a Calgary headquarters and investing in Canadian operations. The arrangement requires shareholder approval at a meeting scheduled for June 24, 2025, with a voting deadline of June 20, 2025.

Energy Transfer LP (NYSE: ET) has announced the availability of its 2024 Schedule K-3s, which contain international tax-relevant information for unitholders. These documents are accessible through the investor relations section of Energy Transfer's website at www.energytransfer.com.

Common unitholders can request electronic copies by calling 800-617-7736, while preferred unitholders (Series A through I) can call 833-608-3511. Tax Package Support is available on weekdays from 8:00 am to 5:00 pm Central Time. The Schedule K-3s are particularly relevant for foreign unitholders, those computing foreign tax credits, and certain corporate/partnership unitholders.

Sunoco LP (NYSE: SUN) has announced the availability of its 2024 Schedule K-3 tax documents online, which contain items of international tax relevance. The announcement also includes the availability of 2024 Schedule K-3 for NuStar Energy Partners, L.P., which merged with SUN on May 3, 2024.

Unitholders can access their Schedule K-3 through www.sunocolp.com's investor relations section. SUN common unitholders can request electronic copies by calling 844-289-8131, while NuStar unitholders can call different support lines based on their unit type: (844) 364-7560 for preferred units and (800) 310-6595 for common units.

The Schedule K-3 is particularly relevant for foreign unitholders, those computing foreign tax credits, and certain corporate/partnership unitholders.

Energy Transfer (NYSE:ET) reported strong Q1 2025 financial results with net income of $1.32 billion, up from $1.24 billion in Q1 2024. The company achieved Adjusted EBITDA of $4.10 billion, a 5.7% increase from $3.88 billion in Q1 2024. Key operational highlights include record-breaking interstate natural gas transportation volumes (+3%), increased crude oil transportation (+10%), and NGL transportation (+4%). The company announced a quarterly cash distribution of $0.3275 per unit, representing a 3% increase year-over-year. Energy Transfer maintained its 2025 Adjusted EBITDA guidance of $16.1-16.5 billion. Notable strategic developments include a joint agreement with MidOcean Energy for the Lake Charles LNG project, a long-term deal with Cloudburst Data Centers, and approval for a new Mustang Draw natural gas processing plant in the Midland Basin.

Sunoco LP (NYSE: SUN) reported strong Q1 2025 financial results with net income of $207 million, Adjusted EBITDA of $458 million, and Distributable Cash Flow of $310 million. The company announced two major acquisitions: Parkland Corporation for $9.1 billion and TanQuid, Germany's largest independent terminal operator, for €500 million. SUN increased its quarterly distribution by 1.25% to $0.8976 per unit, maintaining its target of at least 5% distribution growth for 2025. The company's fuel distribution segment sold 2.1 billion gallons with an 11.5 cents per gallon margin. SUN's leverage ratio stands at 4.1x, with $7.7 billion in long-term debt and no borrowings on its $1.5 billion revolving credit facility. Both acquisitions are expected to close in H2 2025 and be immediately accretive to unitholders.