Sunoco LP sets 2026 guidance with $3.1-3.3 billion adjusted EBITDA target

Sunoco LP (NYSE: SUN) announced its 2026 financial guidance, projecting adjusted EBITDA between $3.1 billion and $3.3 billion for the full year.

The energy infrastructure and fuel distribution partnership's guidance incorporates several key assumptions, including approximately $125 million in total Parkland synergies and the planned closure of the TanQuid acquisition in the first quarter of 2026. The projections also account for a scheduled 50-day maintenance turnaround at the Burnaby Refinery beginning at the end of January.

Sunoco plans growth capital expenditures of at least $600 million for 2026, with maintenance capital expenditures ranging from $400 million to $450 million. The company stated it maintains a multi-year acquisition strategy targeting at least $500 million annually in bolt-on acquisitions.

The partnership expects to return to its long-term leverage target of 4 times in 2026. Distribution growth is targeted at a minimum of 5% for 2026, with the company planning to announce future increases on a quarterly basis. SunocoCorp LLC (NYSE: SUNC) investors will receive dividend equivalents matching the distribution to Sunoco unitholders.

Sunoco projects its Distributable Cash Flow per Common Unit will increase for the ninth consecutive year in 2026.

The Dallas-based partnership operates across 32 countries and territories in North America, the Greater Caribbean, and Europe. Its infrastructure includes approximately 14,000 miles of pipeline and over 160 terminals, supporting distribution of more than 15 billion gallons annually to approximately 11,000 retail locations.

The guidance was provided in a company statement and includes non-GAAP financial measures that the company notes have limitations and should not substitute for net income calculations.

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