Sunoco LP Q4 2025 Earnings Call Summary

Achieved record adjusted EBITDA of $2,120,000,000 for 2025, driven by the successful integration of NuStar and the initial two-month contribution from the Parkland acquisition. Expanded the operational footprint to 32 countries, transitioning from a U.S.-centric model to the largest independent fuel distributor in the Americas with new scale in Canada, the Caribbean, and Europe. Attributed fuel distribution outperformance to a 'gross profit optimization' playbook, which successfully grew legacy volume ...