Sunoco Misses Earnings Estimates Despite Revenue Beat

Core Viewpoint - Sunoco LP reported fourth-quarter earnings that significantly missed analyst expectations despite exceeding revenue forecasts [1] Financial Performance - The company recorded a net income of $97 million and adjusted earnings per share of $0.09, which fell short of the $1.52 consensus estimate [1] - Revenue for the quarter reached $8.6 billion, surpassing the forecast of $5.93 billion [1] - Adjusted EBITDA totaled $646 million, or $706 million excluding one-time transaction-related costs [1] Acquisition Impact - The results were influenced by Sunoco's acquisition of Parkland Corporation, which was completed on October 31, 2025 [2] - During the quarter, Sunoco sold approximately 3.3 billion gallons of fuel at a margin of 17.7 cents per gallon [2] Cash Flow and Distribution - Adjusted Distributable Cash Flow increased to $442 million, compared to $261 million in the fourth quarter of 2024 [3] - The company raised its quarterly distribution by 1.25% to $0.9317 per common unit and aims for annual distribution growth of at least 5% in 2026 [3] - Sunoco achieved its long-term leverage target of approximately four times and marked its eighth consecutive year of growth in Distributable Cash Flow per common unit [2]