Quarterly ResultMay 5, 2026, 07:13 AM
SunocoCorp Q1 Net Income $644M, Adjusted EBITDA $867M; Dividend +6.25%
AI Summary
SunocoCorp LLC reported strong financial and operating results for the first fiscal quarter ended March 31, 2026. The company announced a significant increase in net income to $644 million and Adjusted EBITDA to $867 million, alongside a 6.25% increase in its quarterly distribution to $0.9899 per unit. Additionally, SunocoCorp completed the acquisition of TanQuid, contributing to growth across its segments.
Key Highlights
- Net income for Q1 2026 was $644 million, up from $207 million in Q1 2025.
- Adjusted EBITDA (excluding one-time expenses) was $867 million, compared to $458 million in Q1 2025.
- Distributable Cash Flow, as adjusted, was $535 million, up from $310 million in Q1 2025.
- Quarterly distribution increased by 6.25% to $0.9899 per unit, marking the sixth consecutive quarterly increase.
- Completed the acquisition of TanQuid during the quarter.
- Fuel Distribution segment Adjusted EBITDA increased to $529 million from $220 million YoY.
- Terminals segment Adjusted EBITDA rose to $107 million from $66 million YoY.
- Long-term debt stood at $13.9 billion with a leverage ratio of approximately 4.0 times.