SUN — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-11-05

• On October 27, 2026, the Partnership completed the previously announced acquisition of Offen Petroleum, whereby Sunoco Retail, a wholly owned corporate subsidiary of the Partnership, acquired all the equity interests of Offen Parent, LLC, the parent company of Offen Petroleum Holdings, LLC, in an al…

• In the first, second and third quarters of 2026, the Partnership completed other acquisitions for total cash consideration of approximately $50 million, $22 million and $15 million, respectively, plus working capital. These transactions were accounted for as asset acquisitions.

• In addition to federal oversight, various states, including Colorado, Kansas, Louisiana, North Dakota and Texas, maintain commissions focused on the rates and practices of common carrier pipelines offering services within their borders. Although the applicable state statutes and regulations vary, th…

• ammonia pipeline are required to be in a tariff which is posted publicly on Sunoco’s website, however, that tariff is not required to be on file with the STB. The STB does not prescribe an indexing approach similar to the EPAct of 1992 but rates under the STB must be reasonable and the pipeline may …

• Adjusted EBITDA, as used throughout this document, is defined as net income before net interest expense, income tax expense, depreciation, amortization and accretion expense, non-cash compensation expense, gains and losses on disposal of assets, non-cash impairment charges, losses on extinguishment …

Text removed vs the prior filing · source: 10-Q · 2026-08-06

• In the first and second quarters of 2026, the Partnership completed other acquisitions for total cash consideration of approximately $50 million and $22 million, respectively, plus working capital. These transactions were accounted for as asset acquisitions.

• On August 5, 2026, the Partnership entered into a definitive agreement to acquire a U.S.-based fuel distribution network in an all-cash transaction valued at approximately $600 million. The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions.

• On May 21, 2026, the FERC issued a notice of proposed rulemaking to revise its blanket certificate regulations to expand the scope and scale of projects that interstate natural gas pipelines may construct without a case-specific authorization order and to increase the cost limits for such projects, …

• In addition to federally regulated body oversight, various states, including Colorado, Kansas, Louisiana, North Dakota and Texas, maintain commissions focused on the rates and practices of common carrier pipelines offering services within their borders. Although the applicable state statutes and reg…

• Adjusted EBITDA, as used throughout this document, is defined as net income before net interest expense, income tax expense, depreciation, amortization and accretion expense, non-cash compensation expense, gains and losses on disposal of asset, non-cash impairment charges, losses on extinguishment o…

Text added vs the prior filing · source: 10-Q · 2026-11-05

• The following is an update to a risk factor that we previously disclosed that should be read in conjunction with our risk factors described in “Part I — Item 1A. Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2025 filed with the SEC on February 19, 2026, as updated b…

• The TXSE does not require a publicly traded partnership like us to comply with certain of its corporate governance requirements.

• Our common units are listed on the TXSE. Because we are a publicly traded partnership, the TXSE does not require us to have a majority of independent directors on our General Partner's board of directors, or to establish a compensation committee, or a nominating and corporate governance committee. T…