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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.