SunocoCorp LLC (SUNC) Q2 2026 earnings summary

Executive summary

• Q2 2026 net income rose to $283 million, up over 200% year-over-year, with Adjusted EBITDA of $996 million excluding $14 million in one-time transaction expenses, reflecting strong portfolio performance and successful integration of recent acquisitions.

• Full-year 2026 Adjusted EBITDA guidance was raised by $400 million to $3.5–$3.7 billion, driven by outperformance across all business segments and recent acquisitions.

• Distributable Cash Flow, as adjusted, reached $608 million for Q2, doubling year-over-year.

• Declared a quarterly distribution increase of 1.25% sequentially and over 10% year-over-year, with a multi-year growth rate target of at least 5%.

• Major acquisitions included TanQuid and Delta, with a pending $600 million U.S. fuel network deal.

Financial highlights

• Q2 2026 revenues were $14.26 billion, up from $5.39 billion year-over-year.

• Operating income for Q2 2026 was $583 million, up from $203 million year-over-year.

• Cash and cash equivalents at June 30, 2026 were $773 million; unused credit facility availability was $2.32 billion.

• Cash distribution per common unit was $1.0023 for Q2 2026, up 10% year-over-year.

• Growth capital expenditures for Q2 were $125 million; maintenance capital $77 million.

Outlook and guidance

• Full-year 2026 Adjusted EBITDA guidance raised to $3.5–$3.7 billion, reflecting confidence in continued segment outperformance and recent acquisitions.

• Maintenance capital expenditures for 2026 are expected to be $400–$450 million; growth capital at least $600 million.

• Management targets a multi-year distribution growth rate of at least 5%.

• Expect to exceed $500 million annual bolt-on acquisition target in 2026 and maintain strong momentum into 2027.

• Guidance range driven by refinery segment variability; upside potential exists if market conditions are favorable.