Sunoco LP, together with its subsidiaries, operates in energy infrastructure and the distribution of motor fuels in the United States. It reports four segments: Fuel Distribution, Pipeline Systems, Refinery, and Terminals. The Fuel Distribution segment supplies motor fuels and other petroleum products, such as propane and lubricating oil, to third-party dealers and distributors, independent operators of commission agent locations, other commercial motor fuel consumers, and retail locations, and also leases real estate and offers non-fuel products and services including in-store merchandise, food services at company-operated retail stores, credit card processing, car washes, and lottery. The Pipeline Systems segment comprises an integrated pipeline and terminal network of refined product, crude oil, and ammonia pipelines and terminals, while the Terminals segment operates transmix processing facilities and refined product terminals and provides blending, additive injection, handling, and filtering services. The company was formerly known as Susser Petroleum Partners LP and changed its name to Sunoco LP in 2014; it was founded in 1960 and is based in Dallas, Texas.
TXSE lures 4 energy companies away from NYSE with combined value of nearly $100 billion
The Texas Stock Exchange, or TXSE, has succeeded in attracting four energy companies to move their primary listings from the New York Stock Exchange, or NYSE, to Dallas. The companies moving their primary listings to TXSE in early October include Energy Transfer, a pipeline operator; USA Compression Partners, a midstream energy services provider; and Sunoco LP and SunocoCorp LLC, which are engaged in fuel distribution. Together, the companies moving to TXSE have a combined market capitalisation of nearly $100 billion. The move follows Texas Capital Bancshares' announcement last month that two exchange-traded funds would also leave the NYSE to list primarily on TXSE, reflecting the progress of the fledgling exchange, which only began trading in July and is trying to establish itself as a serious rival to the major exchanges. James Lee, chairman and chief executive of TXSE, said the decisions by these companies mark a turning point for capital markets and the start of a larger trend that will reshape the landscape of corporate listings on US stock exchanges. However, market structure analysts believe TXSE's ability to genuinely challenge the NYSE and Nasdaq will depend on whether it can turn the strengths of Texas, which has sought to position itself as a business-friendly alternative, into a steady flow of companies moving their listings to TXSE. One analyst cautioned that this will not happen easily, since similar efforts in the past failed to build much momentum. TXSE is backed by several major Wall Street investors, including BlackRock, Citadel Securities and Charles Schwab, as well as Texas billionaire Kelcy Warren, who according to filings with the US Securities and Exchange Commission held a significant stake in TXSE Group as of 2025 and also serves as executive chairman of Energy Transfer, one of the companies moving its primary listing to TXSE.
Sunoco LP reported second-quarter 2026 earnings of 94 cents per unit, missing the Zacks Consensus Estimate of $2.68 by 64.9%, but revenues soared 164.5% to $14.26 billion, surpassing the consensus estimate of $10.15 billion. The partnership raised its 2026 adjusted EBITDA guidance by $400 million to $3.5-$3.7 billion, citing broad-based strength across all four operating segments. Adjusted EBITDA for the quarter totaled $982 million, up 116.3% year over year, and distributable cash flow more than doubled to $608 million. Sunoco also declared a quarterly distribution of $1.0023 per unit, marking its seventh consecutive quarterly increase. The company's shares have risen 4.2% since the earnings report, outperforming the S&P 500.
Sunoco LP Goes Ex-Dividend on February 6 with $0.8255 Quarterly Payout
Sunoco LP will trade ex-dividend on February 6, 2023, for its quarterly dividend of $0.8255 per unit, payable on February 21. The dividend represents approximately 1.73% of the recent stock price of $47.71, implying an annualized yield of 6.92%. Sunoco shares are currently up about 0.4% in Thursday trading, with a 52-week range of $34.2601 to $48.17 and a last trade near $48.06.
Sunoco LP second-quarter profit rises to $205 million
Sunoco LP reported a second-quarter profit of $205 million, or $0.94 per share, up from $86 million, or $0.33 per share, in the same period last year. Revenue surged 164.5 percent to $14.259 billion from $5.390 billion a year earlier.
Sunoco LP and SunocoCorp LLC raise quarterly distribution to $1.0023 per unit
Sunoco LP and SunocoCorp LLC announced a quarterly distribution of $1.0023 per common unit for the quarter ended June 30, 2026. The distribution, which equates to $4.0092 on an annualized basis, marks an increase of approximately 1.25 percent, or $0.0124 per common unit, compared to the prior quarter. This is the seventh consecutive quarterly increase for Sunoco LP and aligns with its capital allocation strategy targeting multi-year distribution growth of at least 5 percent. Both distributions will be paid on August 19, 2026 to holders of record as of August 7, 2026.
SUN · Capital · Positive Sunoco LP raised its quarterly distribution for the seventh consecutive quarter, signaling strong financial performance and commitment to shareholder returns.
SUNC · Capital · Positive SunocoCorp LLC also raised its quarterly distribution, reflecting positive capital allocation and financial health.
Energy Transfer, Sunoco, SunocoCorp, and USA Compression Partners Announce Redomiciliation to Texas
Energy Transfer LP, Sunoco LP, SunocoCorp LLC, and USA Compression Partners LP jointly announced that each will change its state of formation from Delaware to Texas. The redomiciliations will be effective in both states as of 12:01 a.m. Central Time on July 6, 2026, but for market purposes under NYSE guidelines they will be considered effective on July 13, 2026. The CUSIPs and NYSE ticker symbols for the registered securities of all four entities will remain unchanged, and the economic and governance rights of unitholders will be preserved in the organizational documents of each converting entity.
Sunoco Beats Q1 Earnings, Reaffirms $3.10–$3.30 Billion EBITDA Guidance, Plans Over $500 Million in Acquisitions
Sunoco LP reported first-quarter results that beat profit and revenue expectations, reaffirmed full-year adjusted EBITDA guidance of US$3.10 billion to US$3.30 billion, and confirmed plans to complete over US$500 million of bolt-on acquisitions in 2026 while maintaining at least 5% annual dividend growth. The earnings outperformance and acquisition momentum support the near-term catalyst of deal-driven growth, though the investment case remains tied to successful integration and managing higher leverage. The company’s narrative projects US$46.5 billion in revenue and US$1.8 billion in earnings by 2029, implying 14.8% annual revenue growth and an earnings increase of about US$1.3 billion from US$539.0 million. Community fair value estimates for Sunoco range widely from roughly US$47.75 to about US$3,444.12 per unit, reflecting divergent views on the partnership’s future performance.
SUN · Capital · Positive Sunoco beat Q1 earnings and revenue expectations, reaffirmed strong EBITDA guidance, and announced over $500M in acquisitions and dividend growth.
Barclays raised its price target on Sunoco LP from $73 to $75 while maintaining an Overweight rating. The new target implies a 9% upside from current levels, following revised estimates in the midstream and refining sector to reflect updated commodity prices. Sunoco reported a strong first quarter of 2026, exceeding profit and revenue estimates, and is targeting adjusted EBITDA of $3.1 billion to $3.3 billion for fiscal 2026. The company also remains on track to complete over $500 million in bolt-on acquisitions this year and reiterated its commitment to at least 5% multiyear dividend growth.
The Alerian MLP ETF, trading under the ticker AMLP, is delivering a 7.79% yield and a 15.3% one-year return, nearly doubling Shell's 4.08% dividend yield. The ETF's $14.1 billion portfolio consists of 15 midstream Master Limited Partnerships that earn fixed fees per barrel for transporting and storing oil and gas, insulating revenues from commodity price swings. Top holdings include Plains All-American Pipeline, Western Midstream Partners, and Sunoco, each representing over 13% of assets. AMLP collects partnership revenues into a C-Corp structure, issuing 1099 forms to shareholders instead of K-1s for simpler tax filing. The fund has returned 13% year-to-date and 19.66% over three years, with an expense ratio of 1.01%.
PAA · Demand · Positive Plains All-American Pipeline is a top holding in the AMLP ETF, which benefits from stable fee-based revenues and strong performance.
SUN · Demand · Positive Sunoco is a top holding in the AMLP ETF, which benefits from stable fee-based revenues and strong performance.
WES · Demand · Positive Western Midstream Partners is a top holding in the AMLP ETF, which benefits from stable fee-based revenues and strong performance.
SHEL.LSE · Capital · Negative Shell's dividend yield is compared unfavorably to the AMLP ETF's higher yield, but Shell is not the focus of the article.
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