Sunoco LP

Sunoco LP is upgraded to "Buy" after a recent sell-off, presenting an attractive entry for income-focused investors. Recent results highlight robust EBITDA growth, driven by the Parkland acquisition and elevated crack spreads, with excess profits likely to persist through 2027. SUN maintains a strong balance sheet with 3.5x leverage, ample distribution coverage, and a 6.3% yield targeted to grow 5% annually.

Sunoco NYSE: SUN reported record third-quarter adjusted EBITDA of $1.06 billion, excluding approximately $11 million in one-time transaction expenses, as its fuel distribution, terminals and refining operations benefited from acquisitions, market volatility and favorable refining conditions.

Sunoco LP Common Units (SUN) Q3 2026 Earnings Call Transcript

DALLAS--(BUSINESS WIRE)--Sunoco LP (TXSE: SUN) (“SUN” or the “Partnership”) and SunocoCorp LLC (TXSE: SUNC) ("SUNC") today reported financial and operating results for the quarter ended September 30, 2026. Financial and Operational Highlights Attributable to Sunoco LP Net income for the third quarter of 2026 was $499 million compared to $137 million in the third quarter of 2025. Adjusted EBITDA for the third quarter of 2026 was $1.049 billion compared to $489 million in the third quarter of 202.