Sunoco LP (NYSE:SUN) reported first-quarter revenues of $5.18 billion, which missed the consensus of $5.58 billion. EPS of $1.21 missed the consensus of $1.52.

The adjusted distributable cash flow of $310 million was higher than the $176 million a year ago. Adjusted EBITDA increased to $458 million from $242 million a year ago.

The Fuel Distribution segment sold around 2.1 billion gallons of fuel (broadly flat year over year), with the fuel margin for all gallons sold at 11.5 cents per gallon versus 10.9 cents per gallon in the prior year quarter.

Adjusted EBITDA for the Fuel Distribution segment declined to $220  million compared to $218 million in the prior year quarter.

Total capital expenditures were $101 million, including $75 million for growth capital and $26 million for maintenance capital.

On April 23, Sunoco declared a distribution of $0.8976 per unit, an increase of approximately 1.25% sequentially, payable on May 20, to unitholders of record as of May 9, 2025.

As of March 31, the company had long-term debt of about $7.7 billion and no borrowings outstanding on its $1.5 billion revolving credit facility.

On Monday, the company agreed to acquire Parkland Corporation (OTC:PKIUF) in a deal valued at approximately $9.1 billion, including debt.

Investors can gain exposure to the stock via the InfraCap MLP ETF (NYSE:AMZA) and the Alerian MLP ETF (NYSE:AMLP).

Price Action: SUN shares closed lower by 1.52% at $53.74 on Tuesday.

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