SUN

Sunoco LP is an energy-infrastructure and motor-fuel distribution master limited partnership that just transformed itself. FY2025 revenue grew 11.1% to $25.2B, and the October 2025 ~$2.60B Parkland acquisition (a leading international fuel distributor/convenience retailer) nearly doubled the balance sheet — total assets up 97.3% to $28.4B and liabilities up 97.5% to $20.4B. Operating income rose 18.2% to $935M and operating cash flow more than doubled (+117.1%) to $1.19B, the latter the metric that matters for an MLP whose appeal is its distribution coverage. The further TanQuid (Germany/Poland terminals) deal closed January 2026, underscoring an aggressive roll-up of fuel-distribution and midstream assets across 32 countries.