Sunoco Q3 net income and EBITDA beat estimates on acquisitions
SUN•Sunoco LP reported Q3 net income of $499 million and adjusted EBITDA of $1.06 billion, beating analyst estimates of $378 million and $991.89 million, respectively. The company said it expects to exceed its 2026 adjusted EBITDA guidance of $3.5 billion to $3.7 billion.
1. Quarterly results
Sunoco LP's Q3 net income was $499 million, compared with an analyst estimate of $378 million. Adjusted EBITDA was $1.06 billion, above the $991.89 million consensus estimate, and capital expenditures were $237 million.
2. Acquisitions and outlook
The company said Parkland and other acquisitions drove higher volumes and segment profits in Fuel Distribution, Terminals and Refinery. Fuel margin rose to 16.8 cents per gallon from 10.7 cents a year earlier. Sunoco completed its Offen Petroleum acquisition, raised its quarterly distribution by 1.25%, and expects to exceed its 2026 adjusted EBITDA guidance range of $3.5 billion to $3.7 billion. It targets multi-year distribution growth of at least 5%.
