SunocoCorp Guides $3.1–$3.3B 2026 EBITDA After Record Q4 $706M Performance
SunocoCorp reported fourth-quarter adjusted EBITDA of $706 million and full-year 2025 adjusted EBITDA of $2.12 billion, up 36%. Management expects minimal corporate taxes for at least five years and reaffirmed 2026 adjusted EBITDA guidance of $3.1–$3.3 billion while targeting $125 million in annual synergies.
1. Record Fourth-Quarter and Full-Year EBITDA
SunocoCorp achieved fourth-quarter adjusted EBITDA of $706 million, excluding $60 million of transaction expenses, and full-year 2025 adjusted EBITDA of $2.12 billion, a 36% increase year over year. Distributable cash flow for Q4 reached $442 million, and the partnership declared a $0.9317 per-unit distribution, marking a fifth consecutive increase with a 1.9x coverage ratio.
2. Tax Benefits and Distribution Outlook
Management expects minimal corporate income taxes at SunocoCorp for at least five years, supporting distribution stability. The company continues to target at least 5% annual distribution growth over the multiyear horizon based on cash flow coverage and long-term leverage plans.
3. 2026 Guidance and Synergy Targets
SunocoCorp reaffirmed 2026 adjusted EBITDA guidance of $3.1–$3.3 billion, assuming capture of $125 million of a $250 million annual synergy target. Planned capital deployment includes $400–$450 million in maintenance capex, $600 million in quick-return projects and $500 million in bolt-on acquisitions while maintaining leverage around 4x.
4. Segment and Integration Highlights
Following the Parkland and Tanquid acquisitions, SunocoCorp now operates across 32 countries and introduced a refining segment. Q4 segment results included $391 million in fuel distribution EBITDA with 3.3 billion gallons sold, $187 million from pipelines, $87 million from terminals and $41 million from refining operations.