Sunoco LP (SUN)

Sunoco LP's stock has increased by 31.81% in the past six months. The acquisition of Parkland Corporation in October 2025 expanded Sunoco LP's reach into Canada and the Caribbean. The acquisition of TanQuid in 2025 and a multi-island acquisition in the Caribbean in 2026 also contributed to growth. Sunoco LP reported Q1 2026 earnings surpassing expectations, with an EPS of $2.85, leading to a stock price increase. The company also reported record Q4 2025 and full-year 2025 adjusted EBITDA and increased its quarterly distribution for the fifth consecutive time.

Demand for Sunoco LP's products is seasonal, with higher revenues in the second and third quarters due to increased driving and construction activities. Demand tends to be lower in the fall and winter months. However, Sunoco LP's diversified asset base is expected to mitigate the impact of this seasonality in 2026.

Sunoco LP is a master limited partnership focused on energy infrastructure and fuel distribution, operating in the transportation and warehousing sector. Its major products include motor fuels, kerosene, jet fuel, heating oil, lubricants, propane, chemicals, and other fuels. The company distributes fuel to its own and partner-branded retail locations, independent dealers, and commercial customers, and generates revenue from midstream operations.

Sunoco LP operates in over 40 U.S. states, Puerto Rico, Europe, and Mexico, with operations spanning 32 countries and territories in North America, the Greater Caribbean, and Europe. Its infrastructure includes approximately 14,000 miles of pipeline across 16 states and over 160 terminals throughout North America, Mexico, the Greater Caribbean, and Europe.

Sunoco has a strong brand reputation, particularly in motorsports as the official fuel provider for NASCAR since 2004. It is recognized as one of the largest independent fuel distributors in the Americas, with an extensive brand portfolio including exclusive wholesale distribution rights for Sunoco and other brands. Sunoco LP also acts as a significant distributor for major brands like Chevron and ExxonMobil.

Sunoco LP's ownership includes institutional, retail, and individual investors, with Energy Transfer LP holding a controlling role. Energy Transfer LP owns the general partner and a significant limited partner stake. Major institutional owners include Alps Advisors Inc., Invesco Ltd., and Goldman Sachs Group Inc. Institutional investors collectively owned about 33.34% of Sunoco LP's stock as of March 31, 2025.