$SUN

Sunoco LP and Verde Marine Energy (VME) announced a commercial collaboration to expand marine fuel offerings in the ARA and UK bunker markets. Sunoco brings its North American presence, while VME contributes its European supply capabilities. The partnership aims to expand market reach, introduce new products, and add bunker supply locations. Sunoco is a publicly traded US fuel distributor with significant marine-fuel operations.

Sunoco LP and Verde Marine Energy have formed a commercial partnership to expand marine fuel offerings in the ARA and UK bunker markets. Sunoco brings its North American and Caribbean presence, while Verde contributes its European supply capabilities. The collaboration aims to grow their market reach and introduce new products. Sunoco LP is a publicly traded US fuel distributor.

A VettaFi report on 2Q26 midstream dividends says 95.6% of the Alerian Midstream Energy Index (AMNA) constituents by weight increased dividends year over year. Sequential growth was driven mainly by MLPs, with no AMNA constituent cutting its regular dividend since July 2021. Examples include EPD (+1.8% to $0.56/unit) and GEL (+11.1% to $0.20). Yields as of Aug 7: AMZ 6.4%, AMZI 6.7%, AMNA 4.4%.

Sunoco LP (SUN) agreed to buy Offen Petroleum for about $600 million in cash, according to the company. Sunoco said the deal would expand its fuel distribution footprint, serving about 2.5 billion gallons annually, roughly 7,000 customers, and over 800 retail stations. Sunoco reported $773 million cash at Q2 end and net debt to Adjusted EBITDA of about 3.7x.

Sunoco (NYSE:SUN) reported Q2 fuel distribution volumes of 4.1B gallons, up 9% sequentially and 89% year over year, with reported margin of 17.1 cents per gallon. Pipeline adjusted EBITDA was $190M and terminals $115M. Refinery adjusted EBITDA rose to $175M. CEO Joe Kim said 2026 EBITDA guidance will be materially exceeded, with revised range driven by refining uncertainty.

Sunoco is set to acquire Offen Petroleum, backed by Court Square, for $600 million, according to the article. The deal is expected to strengthen Sunoco’s fuel distribution operations. No additional financial terms or timing details were provided in the excerpt.

Sunoco LP (SUN) agreed to acquire fuel distributor Offen Petroleum in an all-cash deal valued at about $600 million. Offen supplies about 2.5 billion gallons annually to around 7,000 customers and operates over 800 retail stations. The deal is subject to regulatory approval and expected to close in Q4 2026.

Sunoco said on its Q2 earnings call that it expects to exceed its earlier $500 million bolt-on acquisition target for 2026. The company reported Q2 net income of $283 million and adjusted EBITDA of $996 million, excluding one-time transaction expenses, and cited improved cash flow supporting M&A. Sunoco also said synergies from its 2025 Parkland acquisition are ahead of schedule.

Sunoco LP’s Q2 2026 earnings call said integration of NuStar, Parkland, and TanQuid expanded its footprint and supported record performance. Management raised 2026 adjusted EBITDA guidance by $400 million to $3.5 billion to $3.7 billion, citing second-half momentum. It expects at least 5% multi-year distribution growth, with leverage below 4.0x and 2.1x coverage.

Sunoco (SUN) shares fell about 4% to $74.33 despite a strong earnings beat. The company raised full-year adjusted EBITDA guidance to $3.5b to $3.7b, supported by nearly $1b of adjusted EBITDA in Q2. Q2 results included revenue of $14,259m and distributable cash flow of $608m, with about 2.1x distribution coverage.