Sunoco LP

Sunoco LP delivered a mixed third quarter for 2025, posting earnings per unit of $0.64 that fell well short of the $1.35 consensus estimate, a miss of 52.48%, even as revenue of $6.03 billion beat expectations by 4.94% and climbed 4.9% from the year-ago period. The sharp EPS shortfall was largely tied to costs surrounding the transformative acquisition of Parkland Corporation, completed during the quarter, which weighed on the Fuel Distribution segment where profit per gallon slipped to 10.7 cents from 12.8 cents a year earlier. Offsetting that pressure, the Pipeline Systems segment was a clear bright spot, with Adjusted EBITDA rising to $182.00 million from $136.00 million, driven by recovering throughput volumes and stronger contributions from the ET-S Permian joint venture. Overall Adjusted EBITDA grew to $496.00 million. Looking ahead, Sunoco raised its quarterly distribution by 1.25% to $0.92 per unit and remains on track for at least 5% annual distribution growth in 2025, with the pending TanQuid acquisition expected to close in the fourth quarter.