SUN 8-K SEC Filing Analysis

Final — all horizons settled through T+60d ⚠ clustered

SUN ▲ +13.06% at T+60d

NEUTRAL call ✓ call won +13.06% · α vs SPY +5.31% · entry $62.20 → $70.32

Last close $65.32 (close Jun 12) · +5.02% from $62.20 entry

Entry anchored
Feb 25, 03:59 PM ET
via Databento tick

T+1d

+2.56%

call +2.56% · α +3.01%

$63.79

settled 4mo ago

T+5d

+3.54%

call +3.54% · α +4.67%

$64.40

settled 3mo ago

T+20d

+7.04%

call +7.04% · α +13.45%

$66.58

settled 3mo ago

T+60d

+13.06%

call +13.06% · α +5.31%

$70.32

settled 25d ago

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Executive Summary

Sunoco LP filed an 8-K to provide pro forma financials for its acquisition of Parkland Corporation, which closed on October 31, 2025, and to announce a $1 billion private offering of senior notes to refinance upcoming debt maturities. The pro forma statement shows combined revenue of $41.9 billion but a net loss attributable to common units of $75 million due to acquisition-related costs.

Key Financial Metrics

Revenue

$41.9B

EPS

$-0.55

Actionable Insight

The acquisition significantly expands Sunoco's scale but introduces substantial integration costs and debt. The note offering addresses near-term maturities but increases leverage. Traders should monitor the company's ability to realize synergies and manage its debt burden in the coming quarters.

Key Facts

Completed acquisition of Parkland Corporation on October 31, 2025, for $2.6 billion in cash and 51.5 million SunocoCorp units
Announced private offering of $500 million in 2031 notes and $500 million in 2034 notes
Net proceeds will be used to redeem $500 million of NuStar 2026 Notes and $500 million of Sunoco 2027 Notes
Pro forma combined revenue for 2025 is $41.9 billion, but net loss attributable to common units is $75 million
As of February 23, 2026, Sunoco had $500 million in cash and $338 million drawn on its revolver

Financial Impact

The Parkland acquisition increases pro forma revenue by 66% to $41.9 billion. However, transaction accounting adjustments result in a $75 million net loss attributable to common units. The $1 billion note offering will refinance near-term maturities.

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Risk Factors

High leverage from acquisition financing and new debt issuance
Integration risks from combining Parkland operations
Currency risk from Parkland's international operations
Execution risk in realizing projected synergies

Market Snapshot

Exchange

NYSE

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001193125-26-073531
Document: d116635d8k.htm	0001193125-26-073531
Document: d116635dex991.htm	0001193125-26-073531
Document: 0001193125-26-073531-index-headers.html	0001193125-26-073531
Document: 0001193125-26-073531-index.html	0001193125-26-073531
Document: 0001193125-26-073531.txt	0001193125-26-073531

4 reports for SUN

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for SUN — sortable, filterable
	Type				Now
May 5, 2026 5w ago	8-K BULLISH ★ 7/10	$68.69 $66.96	▼ −2.52%	▼ −7.48%	$65.32 (−4.91%)
Apr 21, 2026 7w ago	8-K BULLISH ★ 5/10	$63.70 $70.81	▲ +11.17%	▲ +6.25%	$65.32 (+2.55%)
Feb 27, 2026 15w ago	8-K NEUTRAL ★ 5/10	$62.86 $67.01	▲ +6.60%	▲ +14.16%	$65.32 (+3.91%)
Feb 26, 2026 15w ago	8-K MIXED ★ 7/10	$62.20 $66.58	▲ +7.04%	▲ +13.45%	$65.32 (+5.02%)

US Market Status

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