Welcome to our dedicated page for Sunoco Lp/Sunoco Fin SEC filings (Ticker: SUN), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Sunoco LP filings document the regulatory disclosures of a publicly traded energy infrastructure and fuel distribution master limited partnership. The record includes Form 8-K reports for operating and financial results, Regulation FD updates, quarterly cash distributions on common units, business outlook materials, and other material events tied to the partnership’s fuel distribution and pipeline systems operations.
Capital-structure filings describe senior note offerings, indenture terms, subsidiary guarantees, debt redemption plans, and revolving credit facility usage. Acquisition-related filings include financial statements of acquired businesses and pro forma combined financial information for completed transactions. The filings also identify Sunoco’s common units representing limited partner interests, its NYSE listing under SUN, and governance actions taken through the board of its general partner.
Sunoco LP reported sharply higher results for the three months ended March 31, 2026, driven by recent acquisitions and strong fuel distribution. Total revenues rose to $10.69 billion from $5.18 billion, while net income increased to $644 million from $207 million.
Adjusted EBITDA grew to $858 million, up from $458 million, with Fuel Distribution contributing $529 million and notable gains from Pipeline Systems, Terminals and the new Refinery segment. Favorable LIFO inventory valuation adjustments of $444 million and a LIFO liquidation also boosted earnings.
Sunoco completed the TanQuid terminals acquisition for about $239 million and smaller deals totaling $50 million, pushing total assets to $30.26 billion. Long-term debt, net, rose to $13.92 billion, partly due to new senior notes, while cash was $718 million and credit facility availability was $2.22 billion. The partnership raised its quarterly cash distribution per common unit to $0.9899.
Invesco Ltd. reported beneficial ownership of 8,857,392 partnership interests in Sunoco LP, representing 6.5% of the class. The filing states these interests are held of record by clients of Invesco Ltd. and that no single shareholder of the underlying funds exceeds 5%.
Sunoco LP reported much stronger first‑quarter 2026 results, driven by acquisitions and higher margins. Revenue reached $10,690 million versus $5,179 million a year earlier, while net income rose to $644 million from $207 million. Adjusted EBITDA was $858 million, up from $458 million, and Distributable Cash Flow, as adjusted, increased to $535 million from $310 million.
The partnership declared a quarterly distribution of $0.9899 per common unit, a 6.25% increase over the prior quarter and more than 10% above the first quarter of 2025, marking a sixth consecutive quarterly raise. Segment performance was broad-based, with Fuel Distribution Adjusted EBITDA at $529 million versus $220 million, Terminals at $107 million versus $66 million, Pipeline Systems at $179 million versus $172 million, and the new Refinery segment contributing $43 million.
Growth reflected the Parkland and TanQuid acquisitions, higher fuel volumes of 3.8 billion gallons, and stronger terminal and pipeline throughput. At March 31, 2026, Sunoco reported long‑term debt of about $13.9 billion, liquidity of roughly $2.2 billion on its revolving credit facility, and a leverage ratio near 4.0x net debt to Adjusted EBITDA.
Sunoco LP announced that the board of its general partner approved a higher cash distribution of $0.9899 per common unit for the quarter ended March 31, 2026, or $3.9596 on an annualized basis. This represents an increase of about 6.25%, or $0.0582 per unit, versus the quarter ended December 31, 2025, including a one-time 5% step-up and a 1.25% quarterly increase.
The annualized first-quarter 2026 distribution is about 10% above the annualized first-quarter 2025 level and marks the sixth consecutive quarterly increase, following distribution growth of 2% in 2023, 4% in 2024, and 5% in 2025. The SUN and SUNC distributions are scheduled to be paid on May 20, 2026 to holders of record as of May 8, 2026.
ALPS Advisors, Inc. and Alerian MLP ETF reported beneficial ownership of 24,671,391 common units of Sunoco LP, representing 12.05% of the class. ALPS Advisors, Inc. states the units are owned by funds it advises and disclaims beneficial ownership; Alerian MLP ETF is one such fund.
Sunoco LP completed a private debt offering totaling $1.2 billion, issuing $600 million of 5.375% senior notes due 2031 and $600 million of 5.625% senior notes due 2034. The partnership received approximately $1,187.5 million in net proceeds.
Sunoco intends to use the cash mainly to redeem NuStar Logistics’ 6.000% senior notes due 2026 and its own 6.000% senior notes due 2027, with any remaining funds for general partnership purposes, which may include repaying additional debt.
Sunoco LP is raising new debt and refinancing existing notes. The partnership priced at 100% a private offering of $600 million of 5.375% senior notes due 2031 and $600 million of 5.625% senior notes due 2034, upsized from $500 million each. The sale is expected to settle on March 9, 2026, subject to customary conditions.
Sunoco intends to use the net proceeds to redeem in full NuStar Logistics, L.P.’s 6.000% senior notes due 2026 and Sunoco’s 6.000% senior notes due 2027, and for general partnership purposes, which may include repaying additional indebtedness or amounts under its revolving credit facility.
Sunoco LP is launching a private offering of $1.0 billion in senior notes, split between $500 million notes due 2031 and $500 million notes due 2034. The partnership plans to use the proceeds, along with its revolving credit facility, to redeem NuStar’s 6.000% notes due 2026 and Sunoco’s 6.000% notes due 2027 at par plus accrued interest.
As of February 23, 2026, Sunoco reported $500 million of cash and cash equivalents, about $338 million drawn on its revolver and roughly $2,109 million of additional borrowing capacity. The filing also provides unaudited 2025 pro forma results reflecting the completed Parkland acquisition, showing combined revenues of about $41,941 million and net income attributable to common units of $(75) million assuming the deal had been effective January 1, 2025.
Sunoco LP files its annual report detailing a large, diversified energy infrastructure and fuel distribution business backed by Energy Transfer. The partnership distributes over 15 billion gallons of fuel annually to roughly 11,000 branded locations and thousands of commercial customers across North America, the Greater Caribbean and Europe.
In 2025 Sunoco completed the cash-and‑unit acquisition of Parkland, paying approximately $2.60 billion and issuing 51,517,198 Sunoco Class D Units, adding a major international fuel and convenience retailer operating in 26 countries. In January 2026 it acquired TanQuid for about €465 million, including approximately €300 million of assumed debt, expanding storage with 16 terminals in Germany and Poland.
The report outlines four segments—Fuel Distribution, Pipeline Systems, Terminals and Refinery—supported by over 14,000 miles of pipeline, 160+ terminals and the Burnaby Refinery’s 55,000‑barrel‑per‑day capacity. It also describes extensive environmental, safety and pipeline regulations, climate‑related policy exposure, and a workforce of 8,910 employees focused on safety and compliance.
Sunoco LP reported solid growth for the fourth quarter and full year 2025, driven largely by acquisitions and stronger fuel distribution results. For the quarter, net income attributable to SUN was $97 million, while Adjusted EBITDA rose to $646 million, or $706 million excluding $60 million of one-time transaction-related expenses.
Distributable Cash Flow, as adjusted, for the quarter increased to $442 million from $261 million a year earlier, and full-year 2025 Adjusted EBITDA grew to $2.05 billion from $1.46 billion. The fuel distribution segment benefited from a 54% increase in volumes, with 3.3 billion gallons sold and a fuel margin of 17.7 cents per gallon in the quarter.
Sunoco completed the acquisition of Parkland Corporation on October 31, 2025 and closed the TanQuid acquisition in January 2026, which significantly expanded assets and volumes across fuel distribution, terminals, and refining. At December 31, 2025, SUN had long-term debt of about $13.4 billion and reported a leverage ratio of approximately 4.0x net debt to Adjusted EBITDA, matching its long-term target. The partnership ended 2025 with its eighth consecutive year of Distributable Cash Flow per common unit growth and increased its quarterly distribution by 1.25% to $0.9317 per common unit, or $3.7268 annualized, while targeting at least 5% annual distribution growth for 2026.