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SunocoCorp LLC (SUNC) investor relations material
SunocoCorp LLC Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record Adjusted EBITDA of $706 million in Q4 and $2.12 billion for full year 2025, up 36% year-over-year, driven by strong base business and Parkland acquisition contributions.
Reported Q4 2025 net income of $97 million and Distributable Cash Flow, as adjusted, of $442 million.
Closed Parkland transaction, expanding operations to 32 countries and becoming the largest independent fuel distributor in the Americas.
Declared a distribution of $0.9317 per common unit, a 1.25% increase over the prior quarter, marking the fifth consecutive quarterly increase.
Maintained a strong balance sheet with $2.5 billion in liquidity and leverage at 4x, in line with long-term targets.
Financial highlights
Q4 2025 Adjusted EBITDA reached $706 million, excluding $60 million in one-time transaction expenses.
Q4 2025 net income was $97 million, down from $141 million in Q4 2024.
Q4 Distributable Cash Flow, as adjusted, was $442 million.
Q4 2025 revenues were $8.6 billion, up from $5.27 billion in Q4 2024.
Spent $130 million on growth capital and $103 million on maintenance capital in Q4.
Outlook and guidance
2026 Adjusted EBITDA guidance set at $3.1–$3.3 billion, reflecting confidence in Parkland synergies and Tankwood acquisition.
Expect to realize $125 million of $250 million annual synergy target in 2026.
Maintenance capital projected at $400–$450 million, with at least $600 million in quick-return capital projects and acquisitions.
Minimum 5% annual distribution growth targeted for 2026 and beyond.
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