Sunoco Q1 adjusted EBITDA jumps 89%, beats estimates

Sunoco LP (Texas)

05/05/2026 12:20

Overview

US fuel distributor's Q1 adjusted EBITDA rose yr/yr, beating analyst expectations

Net income for Q1 surged yr/yr, driven by acquisitions and one-time inventory gains

Company raised quarterly distribution by 6.25% and completed TanQuid acquisition

Outlook

Sunoco targets a multi-year distribution growth rate of at least 5%

Company expects continued distribution increases, supported by acquisitions and growth projects

Sunoco sees secure and growing distributions, with increases of 2% in 2023, 4% in 2024, 5% in 2025

Result Drivers

ACQUISITIONS - Parkland and TanQuid acquisitions drove higher segment profit and volumes in Fuel Distribution and Terminals segments

ONE-TIME GAINS - One-time gain on sale of inventory boosted Q1 results

HIGHER EXPENSES - Expenses rose mainly due to recent acquisitions, partially offsetting profit gains

Company press release: ID:nBw5Gkc9za

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
Beat
$644 mln
$127.48 mln (2 Analysts)
Q1 Adjusted EBITDA
Beat
$867 mln
$734.82 mln (7 Analysts)
Q1 Capex
$199 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil & gas refining and marketing peer group is "buy"

Wall Street's median 12-month price target for Sunoco LP is $71.00, about 4% above its May 4 closing price of $68.26

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)