Sunoco LP (NYSE:SUN) Q1 2023 Earnings Conference Call May 2, 2023 10:00 AM ET Company Participants Scott Rachel - Senior Vice President, Finance and Treasurer Joe Kim - President and Chief Executive Officer Karl Fails - Chief Operations Officer Dylan Bramhall - Chief Financial Officer Conference Call Participants Gabe Moreen - Mizuho Ned Baramov - Wells Fargo John Royall - JPMorgan Operator Greetings and welcome to the Sunoco LP’s First Quarter 2023 Earnings Call. [Operator Instructions] As a reminder, this ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION or Washington, D.C. 20549 _______________________________________________ ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FORM 10-K _____________________________________________________________ For the transition period from to (Mark One) Commission File Number: 001-35653 _______________________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 SUNOCO LP Fo ...

Financial Data and Key Metrics Changes - Adjusted EBITDA for Q4 2022 was $238 million, a 20% increase from $198 million in Q4 2021 [10] - Full year 2022 adjusted EBITDA reached $919 million, up 22% from the previous year [11] - Distributable cash flow as adjusted for Q4 2022 was $153 million, compared to $143 million in Q4 2021, yielding a coverage ratio of 1.8x [48] - The full year coverage ratio improved to 1.9x, up from 1.6x in 2021 [11] Business Line Data and Key Metrics Changes - The partnership sold 2 billion gallons in Q4 2022, a 5% increase from the same quarter last year [10] - Fuel margin for all gallons sold was $0.128 per gallon, compared to $0.12 per gallon a year ago [10] Market Data and Key Metrics Changes - Operating expenses for Q4 2022 totaled $138 million, an increase of $15 million from the same period last year [48] - The company maintained a strong liquidity position with approximately $600 million available on its credit facility and a leverage ratio of 3.8x, below the target of 4.0x [49] Company Strategy and Development Direction - The company aims to maintain secure distributions, protect its balance sheet, and pursue disciplined investment and growth opportunities [50] - The recent acquisition of Peerless Oil & Chemicals is expected to provide growth opportunities and synergies that are ahead of schedule [16][28] - The company is focused on capital deployment to strengthen and vertically integrate its midstream and fuel distribution business [55] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business's resilience amid economic and geopolitical volatility, expecting solid results regardless of market conditions [18][20] - The company reaffirmed its 2023 adjusted EBITDA guidance of between $850 million and $900 million [33] - Management noted that breakeven margins are expected to remain elevated, contributing to a strong outlook for 2023 [37][72] Other Important Information - The company declared a distribution of $0.8255 per unit, consistent with the previous quarter, reflecting the stability of its business [4] - The company has a proven track record of performance through various economic conditions, which supports its strategic initiatives [18] Q&A Session Summary Question: What are the thoughts on distribution going forward? - Management indicated that the foundation remains secure distributions, a strong balance sheet, and growth, with discussions about distribution increases being possible at the appropriate time [21][27] Question: Can you provide more detail on the Peerless acquisition and its synergies? - Management highlighted that the Peerless acquisition fits well into their strategy, with stable margins and volumes, and potential for growth through new customer sign-ups and expansion into neighboring Caribbean islands [45][28] Question: What is keeping margins elevated in the current market? - Management noted that margin performance is supported by price volatility and higher breakeven margins, which are expected to continue [71][72] Question: Can you discuss the M&A environment? - Management characterized the M&A environment as similar to 2022, with ongoing opportunities for value buys that bring material synergies [62] Question: What impact did the Colonial pipeline leak have? - Management stated that the leak had no material impact on operations due to a diverse supply network [63] Question: What are the volume trends in early 2023? - Management observed stagnation in volume growth on a seasonal basis, which is not expected to materially impact overall performance [64]

SUNOCO LP Investor Presentation December 2022 Forward-Looking Statements Some of the statements in this presentation constitute "forward-looking statements" about Sunoco LP ("SUN", "we", "our," and "us") that involve risks, uncertainties and assumptions, including, without limitation, the expected future performance of SUN (including expected results of operations and financial guidance), and SUN's future financial condition, operating results, strategy, outlook, expectations and plans. Any statement made b ...

Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended: September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to UNITED STATES SECURITIES AND EXCHANGE COMMISSION | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | --- | --- | --- | | Common Units Representing Limited Partner Interests ...

Sunoco LP (NYSE:SUN) Q3 2022 Earnings Conference Call November 1, 2022 10:00 AM ET Company Participants Scott Grischow - VP, IR & Treasury Joseph Kim - President, CEO & Director Dylan Bramhall - CFO Karl Fails - EVP & COO Conference Call Participants Elvira Scotto - RBC Capital Markets Robert Mosca - Mizuho Securities Operator Hello, and welcome to the Sunoco Third Quarter 2022 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It's now my pleasure to turn th ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended: June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35653 SUNOCO LP (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35653 SUNOCO LP (Exact name of registrant as specified in its charter) Delaware 30-0740483 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number) 8111 Westchester Drive, Suite 400, Dallas, Texas 75225 (Address of princ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________ FORM 10-K _____________________________________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended: December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35653 _______________ ...

Sunoco LP (NYSE:SUN) Q4 2021 Earnings Conference Call February 16, 2022 10:00 AM ET Company Participants Scott Grischow – Treasurer, Vice President-Investor Relations and Mergers & Acquisitions Joe Kim – President and Chief Executive Officer Karl Fails – Chief Operations Officer Dylan Bramhall – Chief Financial Officer Conference Call Participants Theresa Chen – Barclays Gabe Moreen – Mizuho John Royall – JPMorgan Chase Selman Akyol – Stifel Elvira Scotto – RBC Capital Markets Ned Baramov – Wells Fargo Oper ...