The guidance raise and strong Refinery ramp (97% utilization vs 38% in Q1) signal accelerating cash flow generation. Monitor the Q3 earnings call for further integration updates on Parkland/TanQuid and whether the Refinery segment can sustain this run rate. The improving leverage (3.7x) supports continued distribution growth and potential debt paydown.
Price Chart
Executive Summary
SunocoCorp LLC (SUNC) reported Q2 2026 results with net income of $283M vs $86M a year ago, Adjusted EBITDA of $982M ($996M ex-transaction costs) vs $454M, and Distributable Cash Flow of $608M vs $300M. The company raised full-year 2026 Adjusted EBITDA guidance by $400M to a range of $3.5B-$3.7B, signaling strong operational momentum from recent acquisitions (Parkland, TanQuid) and the Refinery segment ramp. Leverage improved to 3.7x from 4.0x in Q1, and the distribution was increased for the seventh consecutive quarter.
Key Facts
- Net income Q2 2026: $283M vs $86M Q2 2025
- Adjusted EBITDA (ex-transaction costs): $996M vs $464M YoY
- Full-year 2026 Adjusted EBITDA guidance raised by $400M to $3.5B-$3.7B
- Distributable Cash Flow, as adjusted: $608M vs $300M YoY
- Leverage ratio improved to 3.7x from 4.0x at Q1 2026
- Seventh consecutive quarterly distribution increase; $1.0023/unit (+1.25% QoQ, +10% YoY)
- Fuel Distribution sold 4.1B gallons at 17.1¢/gal margin
- Refinery segment Adjusted EBITDA: $175M (vs $43M in Q1 2026), crude utilization 97%
Financial Impact
Full-year 2026 Adjusted EBITDA guidance raised by $400M to $3.5B-$3.7B, representing ~12% increase at midpoint vs prior guidance
Risk Factors
- Commodity price volatility impacting fuel margins
- Integration risk from large acquisitions (Parkland, TanQuid)
- Refinery segment sustainability post-turnaround
- Interest expense sensitivity to floating-rate debt exposure
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0002089661-26-000043 |
| Document: sunc-20260804.htm | 0002089661-26-000043 |
| Document: 0002089661-26-000043-index-headers.html | 0002089661-26-000043 |
| Document: 0002089661-26-000043-index.html | 0002089661-26-000043 |
| Document: 0002089661-26-000043.txt | 0002089661-26-000043 |
| 8-K Data (Synthetic) | 0002089661-26-000043 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 10, 2026 7w ago | 8-K | $72.50 $81.52 | ▲ +12.44% | ▲ +13.36% | $75.67 (+4.37%) |
Aug 4, 2026 8w ago | 8-K | $73.88 $78.63 | ▲ +6.43% | ▲ +7.67% | $75.67 (+2.42%) |
May 5, 2026 21w ago | 8-K | $66.87 $67.20 | ▲ +0.49% | ▼ −4.47% | $75.67 (+13.15%) |
Apr 21, 2026 23w ago | 8-K | $61.28 $71.23 | ▲ +16.24% | ▲ +11.33% | $75.67 (+23.49%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access