Sunoco (NYSE:SUN) reported a second-quarter adjusted EBITDA of $996 million and raised its full-year adjusted EBITDA guidance to $3.5 billion to $3.7 billion, an increase of $400 million from previous estimates. The company declared a quarterly distribution of just over $1 per common unit, reflecting a 1.25% increase from the previous quarter and over 10% growth compared to Q2 2025.
Key performance metrics include 4.1 billion gallons in fuel distribution volumes—up 9% quarter-over-quarter and 89% year-over-year—with a reported margin of 17.1 cents per gallon. The company’s pipeline system and terminals also showed growth, with adjusted EBITDA rising to $190 million and $115 million, respectively. Refinery throughput increased to 57,000 barrels per day, with refining margins exceeding $40 per barrel.
Sunoco’s trailing 12-month distribution coverage ratio is 2.1 times, with leverage at 3.7 times. The company ended the quarter with $2.3 billion available under its revolving credit facility and plans to exceed its target of $500 million in annual bolt-on acquisitions in 2026, continuing to adapt amid fluctuating market conditions.
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