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Sunoco LP Announces Expected Closing Date for Acquisition of Parkland Corporation and NYSE Listing Information for SunocoCorp LLC ("SUNC")
Prnewswire· 2025-10-27 11:45
Core Points - Sunoco LP is set to close its acquisition of Parkland Corporation on October 31, 2025, pending customary closing conditions [1] - Common Units of SunocoCorp LLC, to be issued to Parkland shareholders, will begin trading on November 3, 2025, under the ticker symbol "SUNC" [2] - Post-transaction, SunocoCorp will hold approximately 27% limited partner interest in Sunoco LP's outstanding common units [2] Company Overview - Sunoco is a prominent energy infrastructure and fuel distribution master limited partnership operating in over 40 U.S. states, Puerto Rico, Europe, and Mexico [3] - The partnership's midstream operations include around 14,000 miles of pipeline and over 100 terminals, supporting its fuel distribution to approximately 7,400 branded locations and additional independent dealers [3] - Sunoco's general partner is owned by Energy Transfer LP [3]
Sunoco LP Announces Results of Early Participation in Private Exchange Offers and Consent Solicitations for Outstanding Notes of Parkland Corporation and Extension of the Early Participation Exchange Consideration
Prnewswire· 2025-10-21 12:00
Core Viewpoint - Sunoco LP has successfully completed a significant portion of its private exchange offers for outstanding Canadian and U.S. dollar denominated notes issued by Parkland Corporation, with high participation rates from noteholders [1][5]. Summary by Category Exchange Offers - As of October 20, 2025, approximately C$1,352,346,000 (84.5%) of PKI CAD Notes and US$2,564,002,000 (98.6%) of PKI USD Notes have been validly tendered in the exchange offers [1][5]. - The exchange offers include an Early Participation Exchange Consideration of C$1,000 for PKI CAD Notes and US$1,000 for PKI USD Notes, which includes a C$50.00 or US$50.00 Early Participation Premium, plus a cash payment of C$2.50 or US$2.50 [2][6]. Participation Details - The participation rates for specific series of notes are as follows: - 3.875% Senior Notes due 2026: C$522,224,000 (87.0%) - 6.000% Senior Notes due 2028: C$372,461,000 (93.1%) - 4.375% Senior Notes due 2029: C$457,661,000 (76.3%) - 5.875% Senior Notes due 2027: US$492,653,000 (98.5%) - 4.500% Senior Notes due 2029: US$787,124,000 (98.4%) - 4.625% Senior Notes due 2030: US$797,122,000 (99.6%) - 6.625% Senior Notes due 2032: US$487,103,000 (97.4%) [1][3][5]. Conditions and Amendments - The exchange offers are subject to conditions, including the completion of Sunoco's acquisition of Parkland and the requirement that a majority of each series of PKI Notes must have tendered and consented [11][12]. - Proposed amendments to the PKI Indentures will eliminate restrictive covenants and certain events leading to an "Event of Default" [13]. Timeline - The expiration date for the exchange offers is set for November 4, 2025, with settlement expected shortly thereafter [9][10]. - Withdrawal rights for the exchange offers expired on October 20, 2025, meaning holders can no longer withdraw their tendered notes [8]. Company Overview - Sunoco LP operates as an energy infrastructure and fuel distribution master limited partnership, with a network spanning over 40 U.S. states, Puerto Rico, Europe, and Mexico [22].
Sunoco (SUN) Gains Amid Positive Update Regarding Parkland Takeover
Yahoo Finance· 2025-10-21 06:12
Core Insights - Sunoco LP's share price increased by 9.33% from October 10 to October 17, 2025, making it one of the top-performing energy stocks during that week [1] - The Canadian government's approval of Sunoco's proposed ~$9.1 billion takeover of Parkland is a significant development for the company [3] Company Overview - Sunoco LP is a major operator of energy infrastructure and the largest independent fuel distributor in North America [2] - The acquisition of Parkland is expected to enhance Sunoco's market presence in Canada and strengthen its position in the North American fuel distribution sector [3] Transaction Details - The Parkland takeover deal, valued at approximately $9.1 billion, was first announced earlier in the year and is anticipated to close in Q4 2025, pending final regulatory approvals [3]
Sunoco LP raises dividend by 1.3% to $0.9202 (NYSE:SUN)
Seeking Alpha· 2025-10-20 21:05
Group 1 - The article does not provide any specific content related to a company or industry [1]
Stardust Solar Energy Inc. Announces Annual Meeting Results/Shareholder Approval of New By-Law No. 1 with Advance Notice Provisions
Newsfile· 2025-10-17 00:46
Core Points - Stardust Solar Energy Inc. announced the results of its Annual and Special Meeting held on September 18, 2025, where all proposed resolutions were passed [1] - The meeting resulted in the election of five directors and the appointment of Davidson & Company as the auditor for the upcoming year [2] - The Corporation's Amended Omnibus Plan was ratified, allowing for a maximum of 8,880,014 common shares for share unit awards [2] - Shareholders approved a new by-law, By-Law No. 1, which includes advance notice provisions for director nominations [3] Company Overview - Stardust Solar is a North American franchisor specializing in renewable energy installation services, particularly solar panels, energy storage systems, and electric vehicle supply equipment [5] - The company provides entrepreneurs with branded business management services, advanced equipment, and comprehensive support, including marketing and project management [5] - Stardust Solar aims to promote the adoption of clean energy solutions, contributing to economic development and sustainability [5]
Stardust Solar Appoints Sustainability Champion Erica Bearss as Vice President of Corporate Communications to Power Next Phase of Growth
Newsfile· 2025-10-15 12:30
Core Insights - Stardust Solar Energy Inc. has appointed Erica Bearss as Vice President of Corporate Communications to enhance growth, transparency, and investor engagement as the company aims to expand renewable energy adoption in North America and globally [1][4]. Company Overview - Stardust Solar specializes in renewable energy installation services, focusing on solar panels, energy storage systems, and electric vehicle supply equipment. The company operates as a franchisor, providing entrepreneurs with business management services, equipment, and comprehensive support [4]. Leadership and Expertise - Erica Bearss brings over 17 years of experience in strategic marketing, investor relations, and corporate communications, with a proven track record in building shareholder confidence and supporting multi-million-dollar capital raises [2][3]. - Bearss holds an MBA in Executive Management and is a Doctorate candidate in Business Administration, focusing on sustainable business and renewable energy models, particularly solar [3]. Strategic Goals - Bearss aims to expand investor engagement, foster transparency, and deliver consistent communications to build confidence in Stardust Solar's long-term vision and value creation strategy [4].
Parkland Corporation and Sunoco LP Receive Investment Canada Act Approval
Prnewswire· 2025-10-14 12:03
Core Viewpoint - The Government of Canada has approved the acquisition of Parkland Corporation by Sunoco LP, with the transaction expected to close in the fourth quarter of 2025, pending further regulatory approvals and customary closing conditions [1][2]. Company Overview: Parkland Corporation - Parkland Corporation is a leading international fuel distributor and convenience retailer operating in 26 countries across the Americas, with approximately 4,000 retail and commercial locations [3]. - The company focuses on providing essential fuels and environmentally friendly options, including renewable fuels and ultra-fast EV charging solutions [3]. - Parkland's strategy is built on two pillars: Customer Advantage, which emphasizes brand differentiation and customer loyalty, and Supply Advantage, which aims to achieve the lowest cost to serve in challenging markets [4]. Company Overview: Sunoco LP - Sunoco LP is a master limited partnership involved in energy infrastructure and fuel distribution, operating in over 40 U.S. states, Puerto Rico, Europe, and Mexico [5]. - The partnership has an extensive midstream operation, including approximately 14,000 miles of pipeline and over 100 terminals, serving around 7,400 branded locations and independent dealers [5].
Sunoco LP (SUN) Stock Declines While Market Improves: Some Information for Investors
ZACKS· 2025-10-08 23:01
Company Overview - Sunoco LP (SUN) closed at $49.97, reflecting a -1.48% change from the previous day, underperforming the S&P 500 which gained 0.58% [1] - The stock has decreased by 0.74% over the past month, while the Oils-Energy sector and the S&P 500 saw gains of 3.53% and 3.68%, respectively [1] Earnings Projections - The upcoming earnings release is highly anticipated, with projected EPS of $1.66, indicating a significant increase of 738.46% year-over-year [2] - Quarterly revenue is estimated at $5.58 billion, which represents a decline of 2.94% compared to the same quarter last year [2] Full-Year Estimates - Full-year Zacks Consensus Estimates predict earnings of $5.54 per share and revenue of $21.95 billion, reflecting year-over-year changes of -7.67% and -3.27%, respectively [3] - Recent analyst estimate revisions suggest a positive outlook for the business, as these changes often align with short-term business dynamics [3] Valuation Metrics - Sunoco LP is currently trading at a Forward P/E ratio of 9.16, which is below the industry average Forward P/E of 18.05, indicating a valuation discount [6] - The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry holds a Zacks Industry Rank of 94, placing it in the top 39% of over 250 industries [6] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has shown a strong track record, with 1 stocks averaging an annual return of +25% since 1988 [5] - Sunoco LP currently holds a Zacks Rank of 3 (Hold), with no changes in the consensus EPS estimate over the past month [5]
Sunoco LP Announces Third Quarter 2025 Earnings Release and Call Timing
Prnewswire· 2025-10-08 21:12
Core Points - Sunoco LP will release its third quarter 2025 financial and operating results on November 5, 2025, before market opens [1] - A conference call will be held on the same day at 9:00 a.m. Central Time to discuss the results [1] Company Overview - Sunoco LP is a leading energy infrastructure and fuel distribution master limited partnership operating in over 40 U.S. states, Puerto Rico, Europe, and Mexico [4] - The Partnership's midstream operations include approximately 14,000 miles of pipeline and over 100 terminals [4] - Sunoco serves approximately 7,400 branded locations and additional independent dealers and commercial customers [4] - The general partner of Sunoco LP is owned by Energy Transfer LP [4]
Parkland Corporation Announces Election Deadline for the Sunoco Arrangement
Prnewswire· 2025-10-08 11:55
Core Viewpoint - Parkland Corporation has announced the deadline for registered holders of its common shares to make elections regarding the consideration receivable from the Sunoco Arrangement, set for October 17, 2025 [1]. Group 1: Election Process - The Election Deadline for shareholders to make their elections is 5:00 P.M. Calgary time on October 17, 2025 [1]. - Registered shareholders received a letter of transmittal and election form on September 11, 2025, which provides complete instructions [2]. - Beneficial shareholders must contact their intermediaries for instructions, as they should not use the letter of transmittal [3]. Group 2: Sunoco Arrangement - The Sunoco Arrangement is expected to close in the fourth quarter of 2025, pending regulatory approvals and customary closing conditions [4]. - Parkland entered into an arrangement agreement with Sunoco LP and related entities on May 5, 2025, for a cash and equity transaction to acquire all issued and outstanding Company Shares [5]. Group 3: Company Overview - Parkland Corporation is a leading international fuel distributor and convenience retailer operating in 26 countries across the Americas [6]. - The company has approximately 4,000 retail and commercial locations and offers a range of services, including renewable fuels and ultra-fast EV charging [6].