Quarterly ResultMay 5, 2026, 07:13 AM
Sunoco LP Q1 Net Income $644M; Adjusted EBITDA $867M; Distribution +6.25%
AI Summary
Sunoco LP reported strong first quarter 2026 financial results, with net income significantly increasing to $644 million and Adjusted EBITDA (excluding one-time expenses) reaching $867 million. The company also increased its quarterly distribution by 6.25% to $0.9899 per unit, marking its sixth consecutive quarterly increase. Additionally, Sunoco LP completed the acquisition of TanQuid, contributing to segment growth.
Key Highlights
- Net income surged to $644 million in Q1 2026 from $207 million in Q1 2025.
- Adjusted EBITDA, excluding one-time expenses, rose to $867 million from $458 million YoY.
- Distributable Cash Flow, as adjusted, increased to $535 million from $310 million YoY.
- Quarterly distribution increased by 6.25% to $0.9899 per unit, up over 10% YoY.
- Completed the acquisition of TanQuid during the first quarter.
- Fuel Distribution segment Adjusted EBITDA grew to $529 million from $220 million YoY.
- Terminals segment Adjusted EBITDA increased to $107 million from $66 million YoY.
- Total capital expenditures were $199 million, including $106 million for growth.