Sunoco LP

Sunoco LP will trade ex-dividend on February 6, 2023, for its quarterly dividend of $0.8255 per unit, payable on February 21. The dividend represents approximately 1.73% of the recent stock price of $47.71, implying an annualized yield of 6.92%. Sunoco shares are currently up about 0.4% in Thursday trading, with a 52-week range of $34.2601 to $48.17 and a last trade near $48.06.

Sunoco LP reported a second-quarter profit of $205 million, or $0.94 per share, up from $86 million, or $0.33 per share, in the same period last year. Revenue surged 164.5 percent to $14.259 billion from $5.390 billion a year earlier.

Sunoco LP and SunocoCorp LLC announced a quarterly distribution of $1.0023 per common unit for the quarter ended June 30, 2026. The distribution, which equates to $4.0092 on an annualized basis, marks an increase of approximately 1.25 percent, or $0.0124 per common unit, compared to the prior quarter. This is the seventh consecutive quarterly increase for Sunoco LP and aligns with its capital allocation strategy targeting multi-year distribution growth of at least 5 percent. Both distributions will be paid on August 19, 2026 to holders of record as of August 7, 2026.

Sunoco LP reported first-quarter results that beat profit and revenue expectations, reaffirmed full-year adjusted EBITDA guidance of US$3.10 billion to US$3.30 billion, and confirmed plans to complete over US$500 million of bolt-on acquisitions in 2026 while maintaining at least 5% annual dividend growth. The earnings outperformance and acquisition momentum support the near-term catalyst of deal-driven growth, though the investment case remains tied to successful integration and managing higher leverage. The company’s narrative projects US$46.5 billion in revenue and US$1.8 billion in earnings by 2029, implying 14.8% annual revenue growth and an earnings increase of about US$1.3 billion from US$539.0 million. Community fair value estimates for Sunoco range widely from roughly US$47.75 to about US$3,444.12 per unit, reflecting divergent views on the partnership’s future performance.

Barclays raised its price target on Sunoco LP from $73 to $75 while maintaining an Overweight rating. The new target implies a 9% upside from current levels, following revised estimates in the midstream and refining sector to reflect updated commodity prices. Sunoco reported a strong first quarter of 2026, exceeding profit and revenue estimates, and is targeting adjusted EBITDA of $3.1 billion to $3.3 billion for fiscal 2026. The company also remains on track to complete over $500 million in bolt-on acquisitions this year and reiterated its commitment to at least 5% multiyear dividend growth.

The Alerian MLP ETF, trading under the ticker AMLP, is delivering a 7.79% yield and a 15.3% one-year return, nearly doubling Shell's 4.08% dividend yield. The ETF's $14.1 billion portfolio consists of 15 midstream Master Limited Partnerships that earn fixed fees per barrel for transporting and storing oil and gas, insulating revenues from commodity price swings. Top holdings include Plains All-American Pipeline, Western Midstream Partners, and Sunoco, each representing over 13% of assets. AMLP collects partnership revenues into a C-Corp structure, issuing 1099 forms to shareholders instead of K-1s for simpler tax filing. The fund has returned 13% year-to-date and 19.66% over three years, with an expense ratio of 1.01%.