Group 1 - Parkland shareholders approved Sunoco's acquisition with 93% voting in favor of the deal despite some initial pushback from shareholders [1] - The likelihood of regulatory challenges regarding the acquisition is considered low [1] Group 2 - The article emphasizes the importance of macro views and stock-specific turnaround stories for achieving outsized returns with a favorable risk/reward profile [1]

Core Insights - Stardust Solar Energy Inc. has signed a non-binding Letter of Intent (LOI) with MarkeDroid OÜ to become the exclusive North American distributor of MarkeDroid's A.I. driven solar and battery optimization technology [2][4][10] - This partnership aims to enhance the value proposition of Stardust Solar's renewable energy installations and accelerate the adoption of clean energy solutions [4][5][10] Partnership Highlights - The LOI is a significant milestone in Stardust Solar's expansion strategy, building on recent achievements such as acquiring 49 U.S. territories and launching franchises in high-growth markets like Dallas-Fort Worth and Florida [8][10] - MarkeDroid's technology will be integrated across Stardust Solar's network of over 93 franchise territories in North America, optimizing energy savings and reducing costs for residential and commercial customers [7][10] Technology Overview - MarkeDroid utilizes proprietary A.I. models developed with data scientists from STACC, focusing on optimizing buy-sell-store cycles based on market prices, solar production, and energy usage patterns [9][10] - The technology is expected to provide advanced battery arbitrage and grid flexibility services, contributing to financial and environmental benefits by reducing reliance on grid electricity and lowering carbon emissions [10] Strategic Implications - The partnership is expected to strengthen Stardust Solar's reputation for innovation and enhance its ability to deliver superior returns on renewable energy investments [5][10] - The LOI may lead to a legally binding commercial contract supported by EU-funded Technical Assistance, paving the way for future collaboration and technology co-development [10][11]

Core Viewpoint - Stardust Solar Energy Inc. has received a management cease trade order (MCTO) from the British Columbia Securities Commission, which restricts its CEO and CFO from trading the company's securities until the required financial documents are filed [1][2]. Company Overview - Stardust Solar is a North American franchisor specializing in renewable energy installation services, including solar panels, energy storage systems, and electric vehicle supply equipment [5]. - The company supports its franchisees with various services from corporate headquarters, such as marketing, sales, engineering, customer service, and project management [5]. Regulatory Compliance - The MCTO prohibits the CEO and CFO from trading until the audited annual financial statements for the year ended December 31, 2024, along with management's discussion and analysis, are filed [2]. - The company plans to issue bi-weekly default status reports to comply with alternative information guidelines while remaining in default of its financial statement filing requirements [4]. Management's Efforts - The Board of Directors and management are actively working to complete and file the required financial documents [3]. - The company has confirmed that there is no undisclosed material information regarding its affairs since the last press release [3].

Group 1 - Sunoco LP has made its 2024 Schedule K-3 available online, which includes items of international tax relevance for unitholders [1] - The 2024 Schedule K-3 for NuStar Energy Partners, L.P., which merged with Sunoco on May 3, 2024, is also accessible online [1] - Unitholders needing this information can find it in the investor relations section of the Sunoco website [1] Group 2 - A limited number of unitholders, particularly foreign unitholders and those computing a foreign tax credit, may require the detailed information on Schedule K-3 for their tax reporting [2] - Unitholders can receive an electronic copy of their 2024 Schedule K-3 via email by contacting Tax Package Support [3] - NuStar Energy L.P. unitholders can also obtain an electronic copy of Schedule K-3 by calling designated support numbers [4] Group 3 - Sunoco LP operates as a leading energy infrastructure and fuel distribution master limited partnership across over 40 U.S. states, Puerto Rico, Europe, and Mexico [5] - The partnership's midstream operations include approximately 14,000 miles of pipeline and over 100 terminals, supporting its fuel distribution operations [5] - Sunoco serves around 7,400 branded locations and additional independent dealers and commercial customers [5]

SEOUL, South Korea, May 9, 2025 /PRNewswire/ -- BRING GREEN, the vegan K-beauty skincare brand from CJ Olive Young, South Korea's largest beauty retailer, is launching its Tea Tree Cica sun care line in the U.S. market via Amazon this May. The new products include the Tea Tree Cica Facial Sun Cushion and Tea Tree Cica Sun Cream, both featuring a lightweight formula tailored for sensitive skin. BRING GREEN’s Tea Tree Cica Sun Duo Facial Sun Cushion and Sun Cream for calm, protected skin. BRING GREEN's s ...

Financial Performance - Adjusted EBITDA for Q1 2025 was $458 million, a significant increase of 89.3% compared to $242 million in Q1 2024[100] - For the three months ended March 31, 2025, net income decreased to $207 million from $230 million in the same period last year, a decline of 10%[102] - Adjusted EBITDA increased to $458 million for the three months ended March 31, 2025, compared to $242 million in the same period last year, representing a growth of 89%[102] - Total segment profit increased by $238 million, excluding inventory valuation adjustments, primarily due to acquisitions of NuStar and Zenith European terminals[103] - The Fuel Distribution segment reported a profit of $361 million, down from $417 million, a decrease of 13%[115] - Pipeline Systems segment profit surged to $174 million from $1 million, reflecting a significant increase due to recent acquisitions[117] - Terminals segment profit increased to $118 million from $66 million, a growth of 79% attributed to acquisitions[120] - Revenues for the Guarantor Issuer Group for Q1 2025 were $5.006 billion, with a net income of $146 million[145] - Revenues and net income for non-guarantor subsidiaries totaled $173 million and $61 million, respectively, for Q1 2025[145] Acquisitions and Investments - Sunoco plans to acquire Parkland Corporation for approximately $9.1 billion, including assumed debt, with a 25% premium for Parkland shareholders[87][89] - The acquisition of TanQuid GmbH & Co. KG is valued at approximately €500 million (about $540 million), expected to close in the second half of 2025[92] - In Q1 2025, Sunoco completed acquisitions totaling approximately $17 million, including $12 million in cash and newly issued common units[93] Segment Performance - Fuel Distribution segment Adjusted EBITDA increased to $220 million, up 0.9% from $218 million in the previous year[100] - Pipeline Systems segment reported Adjusted EBITDA of $172 million, unchanged from the previous year[100] - Terminals segment Adjusted EBITDA surged to $66 million, a 175% increase from $24 million in Q1 2024[100] - Segment Adjusted EBITDA for the Pipeline Systems segment increased to $172 million in Q1 2025, attributed to the acquisition of NuStar and the formation of ET-S Permian[119] Cash Flow and Liquidity - The company expects ongoing sources of liquidity to include cash generated from operations and borrowings under its Credit Facility[122] - As of March 31, 2025, the company had $172 million in cash and cash equivalents and a borrowing capacity of $1.44 billion on its Credit Facility[124] - Net cash provided by operating activities for Q1 2025 was $156 million, down from $286 million in Q1 2024, while net income decreased to $207 million from $230 million[127] - Net cash provided by financing activities in Q1 2025 was $23 million, a decrease from $123 million in Q1 2024, with a declared quarterly distribution of $0.8976 per common unit[135] Debt and Capital Expenditures - Capital expenditures for Q1 2025 totaled $101 million, significantly higher than $41 million in Q1 2024, with $12 million allocated for acquisitions[132] - The company expects to spend approximately $150 million in maintenance capital expenditures and at least $400 million in growth capital for the full year 2025[138] - As of March 31, 2025, total consolidated indebtedness was $7.673 billion, with long-term debt net of current maturities at $7.671 billion[139] - The company issued $1.00 billion of 6.250% senior notes due 2033 in March 2025 to refinance existing debt[140] Other Financial Metrics - Interest expense rose to $121 million for the three months ended March 31, 2025, up from $63 million in the same period last year, an increase of 92%[102] - Equity in earnings of unconsolidated affiliates rose to $32 million for the three months ended March 31, 2025, compared to $2 million in the same period last year, a substantial increase of 1500%[111] - Adjusted EBITDA related to unconsolidated affiliates increased by $47 million, primarily due to the formation of ET-S Permian[108] - Favorable inventory valuation adjustments contributed $61 million to net income in Q1 2025, compared to $130 million in Q1 2024[107] - Current assets for the Guarantor Issuer Group increased to $2.354 billion as of March 31, 2025, from $2.225 billion as of December 31, 2024[144] - Non-current liabilities, including long-term debt, were $8.445 billion as of March 31, 2025, compared to $8.244 billion as of December 31, 2024[144]

Core Viewpoint - Sunoco LP reported first-quarter 2025 earnings of $1.21 per unit, missing the Zacks Consensus Estimate of $1.69, but showing improvement from $1.06 per unit in the same quarter last year. Total revenues of $5.18 billion also fell short of the estimate of $5.32 billion and decreased from $5.50 billion year-over-year [1][2]. Financial Performance - The year-over-year increase in earnings was attributed to lower total expenses and higher fuel margins, although net income decreased [2]. - Total operating income for the quarter was $296 million, slightly down from $297 million in the prior-year quarter. Net income was reported at $207 million, compared to $230 million in the first quarter of 2024 [6]. - Adjusted distributable cash flow totaled $310 million, up from $176 million year-over-year [7]. Revenue and Expenses - Total cost of sales and operating expenses decreased to $4.88 billion from $5.20 billion a year ago [8]. - The partnership sold 2.1 billion gallons of fuel in the reported quarter, lower than the estimate of 2.3 billion gallons. Motor fuel gross profit per gallon increased to 11.5 cents from 10.9 cents year-over-year [5]. Distribution and Growth - The board declared a distribution of $0.8976 per unit for the first quarter of 2025, an increase from $0.8865 per unit in the previous quarter. The partnership targets a distribution growth rate of at least 5% for 2025 [3]. Segment Performance - Fuel Distribution segment reported adjusted EBITDA of $220 million, slightly up from $218 million in the comparable period of 2024, affected by lower fuel sales and lease profits [4]. - Pipeline Systems reported adjusted EBITDA of $172 million, benefiting from the acquisition of NuStar [4]. - Terminals segment saw adjusted EBITDA rise to $66 million from $24 million year-over-year, primarily due to acquisitions [5]. Balance Sheet and Outlook - As of March 31, 2025, Sunoco had cash and cash equivalents of $172 million and net long-term debt of $7.67 billion [9]. - The company reaffirmed its full-year 2025 Adjusted EBITDA guidance in the range of $1.90-$1.95 billion, with total operating expenses projected between $900 million and $925 million [10].

Financial Data and Key Metrics Changes - The partnership reported adjusted EBITDA of $458 million and distributable cash flow as adjusted of $310 million for Q1 2025, with a strong balance sheet and liquidity [6][9] - The leverage ratio at the end of the quarter was 4.1 times, aligning with the long-term target [7] - A distribution of $0.08 per common unit was declared, representing an increase of just over 1.25% compared to the previous quarter, with a trailing twelve-month coverage ratio of 1.9 times [8][9] Business Line Data and Key Metrics Changes - Fuel Distribution segment adjusted EBITDA was $220 million, with volumes at 2.1 billion gallons, down 3% from the previous quarter but flat year-over-year [12] - Pipeline Systems segment reported adjusted EBITDA of $172 million, with throughput at approximately 1.3 million barrels per day, down from 1.4 million barrels per day in the previous quarter [13] - Terminals segment delivered adjusted EBITDA of $66 million, with throughput increasing to 620,000 barrels per day from around 600,000 barrels per day in the previous quarter [14] Market Data and Key Metrics Changes - The company is expanding its geographic reach through acquisitions, including Parkland Corporation and Tankwit, which will enhance its presence in North America and Europe [4][8][15] - The acquisition of Tankwit, Germany's largest independent storage operator, is expected to close in the second half of 2025 and will be accretive to unitholders in the first year [7][8] Company Strategy and Development Direction - The company aims for an annual distribution growth rate of at least 5%, having increased distributions by approximately 9% since 2022 [9] - The strategy focuses on fuel profit optimization and integration with midstream assets, leveraging existing infrastructure for growth [15][18] - The company emphasizes strong operational execution, expense discipline, and profit optimization to deliver strong returns on capital [18][23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving full-year 2025 guidance despite potential challenges from inflation and recession [20][22] - The business model is designed to perform well in volatile environments, supported by pipeline and terminal assets that provide stable income [21][22] - The company is proactively managing expenses to remain below operating expense guidance, ensuring continued growth and value creation [23] Other Important Information - The company completed a $1 billion offering of senior notes to improve financial flexibility and extend debt maturity [6][7] - The acquisition of Parkland Corporation is valued at approximately $9.1 billion and is expected to close in the second half of 2025 [4][8] Q&A Session Summary Question: Future capital allocation among regions post Parkland close - Management indicated that capital allocation is evaluated across all segments and geographies, focusing on the best projects rather than specific regional targets [26][27] Question: Right mix between fuel distribution and conventional midstream assets - Management stated that while the portfolio may not always be perfectly balanced, the goal is to maintain a diversified portfolio, with a focus on long-term strength [28][29]

Financial Data and Key Metrics Changes - The partnership reported adjusted EBITDA of $458 million and distributable cash flow as adjusted of $310 million for the first quarter [5] - The leverage ratio at the end of the quarter was 4.1 times, aligning with the long-term target [6] - A distribution of $0.08 per common unit was declared, representing an increase of just over 1.25% compared to the previous quarter, with a trailing twelve-month coverage ratio of 1.9 times [7][8] Business Line Data and Key Metrics Changes - In the Fuel Distribution segment, adjusted EBITDA was $220 million, with volumes at 2.1 billion gallons, down 3% from the previous quarter but flat year-over-year [11] - The Pipeline Systems segment reported adjusted EBITDA of $172 million, with throughput of approximately 1.3 million barrels per day, down from 1.4 million barrels per day in the previous quarter [12] - The Terminals segment delivered adjusted EBITDA of $66 million, with throughput of 620,000 barrels per day, up from around 600,000 barrels per day in the previous quarter [13] Market Data and Key Metrics Changes - The company is acquiring Parkland Corporation for approximately $9.1 billion, expected to close in the second half of 2025 [3] - The acquisition of Tankwit, Germany's largest independent storage operator, for approximately €500 million is also in progress, expected to close in the second half of 2025 [6][7] Company Strategy and Development Direction - The company aims for an annual distribution growth rate of at least 5% and has increased distributions by approximately 9% since 2022 [8] - The strategy focuses on growing scale, optimizing fuel profit, and integrating with midstream assets, particularly through recent acquisitions [14][15] - The company emphasizes the importance of refined products in the global energy mix and plans to leverage existing infrastructure for future growth [17][18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving full-year 2025 guidance despite potential challenges from inflation and recession [20] - The business model is designed to perform well in volatile environments, supported by pipeline and terminal assets [22] - The company is proactively managing expenses and expects continued growth in EBITDA and distributions [23] Other Important Information - The company completed a $1 billion offering of senior notes to improve financial flexibility and extend debt maturity [6] - The partnership's strong liquidity positions it well for future growth and capital allocation priorities [6][8] Q&A Session Summary Question: Future capital allocation among regions post-Parkland close - Management indicated that capital allocation is evaluated across all segments and geographies, focusing on the best projects rather than specific regional targets [26][27] Question: Right mix between fuel distribution and midstream assets - Management stated that while the portfolio may not always be perfectly balanced, the goal is to maintain a diversified portfolio, with a focus on opportunities that provide strong financial benefits [28][29]

Exhibit 99.1 News Release Sunoco LP Reports First Quarter 2025 Financial and Operating Results DALLAS, May 6, 2025 - Sunoco LP (NYSE: SUN) ("SUN" or the "Partnership") today reported financial and operating results for the quarter ended March 31, 2025. Financial and Operational Highlights Net income for the first quarter of 2025 was $207 million compared to $230 million in the first quarter of 2024. Adjusted EBITDA for the first quarter of 2025 was $458 million compared to $242 million in the first quarter ...