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 ...

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Summary of Sunoco's Acquisition of Parkland Corporation Conference Call Company and Industry - **Companies Involved**: Sunoco (SUN) and Parkland Corporation - **Industry**: Fuel distribution and refining Key Points and Arguments 1. **Transaction Overview**: Sunoco will acquire 100% of Parkland's outstanding common shares in a cash and equity transaction valued at $9.1 billion, including assumed debt, resulting in a combined enterprise value of nearly $24.5 billion [4][5] 2. **Shareholder Premium**: The total consideration of $43.33 Canadian per share represents a 25% premium based on the seven-day volume-weighted average prices of both companies as of May 2, 2025 [4] 3. **Financial Benefits**: The transaction is expected to be immediately accretive, generating at least 10% accretion to distributable cash flow per unit and at least $250 million of annual synergies by the third year post-close [5][18] 4. **Regulatory Approval**: The transaction is subject to regulatory approvals and a Parkland shareholder vote, with an expected close in the second half of 2025 [6] 5. **Strategic Rationale**: The merger creates the largest independent fuel distributor in the Americas, optimizing for stability and growth, and enhancing cash flow for reinvestment [8][15] 6. **Management Expertise**: Sunoco's management has a proven track record of integrating large acquisitions and delivering shareholder value, which is expected to benefit Parkland's employees and shareholders [10][12] 7. **Operational Synergies**: The combined company will leverage operational efficiencies, supply chain optimization, and cost advantages due to increased scale [25][30] 8. **Refinery Contribution**: The refinery is projected to contribute about 5% of 2024 pro forma EBITDA, with conservative projections providing a potential upside [17] 9. **Future Growth**: The combined entity is anticipated to generate over 50% higher free cash flow than Sunoco as a standalone company by year three [20] 10. **Suncorp Structure**: A new publicly traded vehicle, Suncorp, will be created for tax purposes, providing a tax-efficient way to fund the equity consideration for the deal [45] Additional Important Content 1. **Employee Opportunities**: The merger is expected to create significant opportunities for employees, with a commitment to retaining a Canadian head office and strong operational presence in Canada [11][12] 2. **Market Presence**: The acquisition enhances Sunoco's market presence in the Atlantic Basin and Pacific regions, providing a robust supply chain and trading organization [55][60] 3. **Tax Implications**: Preliminary analysis suggests manageable to no near-term tax leakage, allowing continued dividend parity for Suncorp [64][70] 4. **Currency Exposure**: The management is open to hedging currency risks associated with the acquisition, although no formal plans have been announced [67] This summary encapsulates the key aspects of the conference call regarding the acquisition of Parkland Corporation by Sunoco, highlighting the strategic, financial, and operational implications of the transaction.

2 Additional Information and Where to Find It Forward-Looking Statements This communication contains "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended. In this context, forward-looking statements often address future business and financial events, conditions, expectations, plans or ambitions, and often include, but are not li ...

Core Viewpoint - Sunoco LP (SUN) is expected to report first-quarter 2025 results on May 6, with adjusted earnings anticipated to show a significant year-over-year improvement despite recent downward revisions in estimates [1][3]. Earnings Performance - In the last reported quarter, Sunoco's adjusted earnings were 75 cents per share, missing the Zacks Consensus Estimate of $2.38, primarily due to lower fuel margins [1]. - The average negative surprise over the last four quarters is 17.6%, with one earnings beat, two misses, and one meeting the estimate [1]. Earnings Estimates - The Zacks Consensus Estimate for first-quarter earnings per share is $1.69, reflecting a 59.4% improvement from the prior year's reported number [1]. - The revenue estimate stands at $5.3 billion, indicating a 3.3% decrease from the year-ago figure [2]. Operational Factors - Sunoco's stable business model is supported by its extensive midstream operations, which include 14,000 miles of pipeline and over 100 terminals, likely generating stable cash flows [3]. - An expected increase of 8.1% in total motor fuel gallons sold year-over-year is anticipated to contribute positively to the bottom line [3]. Earnings Whispers - Current analysis suggests that Sunoco is unlikely to beat earnings expectations this reporting cycle, with an Earnings ESP of 0.00% and a Zacks Rank of 5 (Strong Sell) [4].

Company Overview - Sunoco LP (SUN) closed at $58.77, down 0.68% from the previous session, underperforming the S&P 500 which gained 2.03% [1] - The stock has increased by 2.25% over the past month, outperforming the Oils-Energy sector's decline of 10.82% and the S&P 500's loss of 5.07% [1] Earnings Expectations - The upcoming earnings report is scheduled for May 6, 2025, with an expected EPS of $2.39, indicating a growth of 125.47% year-over-year [2] - Revenue is projected at $5.32 billion, reflecting a 3.3% decrease compared to the same quarter last year [2] Annual Projections - For the annual period, earnings are anticipated to be $10.01 per share, representing a growth of 66.83%, while revenue is expected to be $22.04 billion, showing a decline of 2.9% from the previous year [3] Analyst Sentiment - Recent changes in analyst estimates suggest a positive outlook for Sunoco LP, indicating optimism regarding the company's business and profitability [3] - The Zacks Consensus EPS estimate has shifted downward by 1.57% over the past month, and the company currently holds a Zacks Rank of 3 (Hold) [5] Valuation Metrics - Sunoco LP is trading at a Forward P/E ratio of 5.91, which is significantly lower than its industry's Forward P/E of 21.57, indicating a valuation discount [5] Industry Context - The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry is ranked 172 in the Zacks Industry Rank, placing it in the bottom 31% of over 250 industries [6] - The Zacks Industry Rank measures the strength of industry groups based on the average Zacks Rank of individual stocks, with higher-ranked industries outperforming lower-ranked ones [6]

DALLAS, April 23, 2025 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN" or the "Partnership") announced that the Board of Directors of SUN's general partner declared a distribution of $0.8976 per common unit, or $3.5904 on an annualized basis, for the quarter ended March 31, 2025. This represents an increase of approximately 1.25%, or $0.0111 per common unit, as compared with the quarter ended December 31, 2024.This is the second consecutive quarterly increase in SUN's distribution and is consistent with SUN's ...

Group 1 - Sunoco LP will release its first quarter 2025 financial and operating results on May 6, 2025, before market opens [1] - A conference call to discuss the results will be held on the same day at 9:00 a.m. Central Daylight Time [1] - Sunoco LP operates in over 40 U.S. states, Puerto Rico, Europe, and Mexico, with a significant midstream infrastructure [2] Group 2 - The Partnership has approximately 14,000 miles of pipeline and over 100 terminals, supporting its fuel distribution operations [2] - Sunoco serves around 7,400 branded locations and additional independent dealers and commercial customers [2] - The general partner of Sunoco LP is owned by Energy Transfer LP [2]

In the latest market close, Sunoco LP (SUN) reached $57.86, with a -1.13% movement compared to the previous day. This change lagged the S&P 500's 0.22% loss on the day. At the same time, the Dow lost 0.03%, and the tech-heavy Nasdaq lost 0.33%.Heading into today, shares of the master limited partnership had gained 0.38% over the past month, outpacing the Oils-Energy sector's loss of 1.22% and the S&P 500's loss of 7.48% in that time.Analysts and investors alike will be keeping a close eye on the performance ...