Sunoco targets $3B+ EBITDA for 2026, driven by Parkland synergies and European expansion

Sunoco LP (NYSE:SUN) issued its 2026 financial guidance on Tuesday, January 6, 2026, projecting a robust leap in earnings following a year of massive consolidation.

The partnership expects full-year adjusted EBITDA to land between $3.1 billion and $3.3 billion, a range that reflects the full integration of the Parkland acquisition and the upcoming close of the TanQuid terminal deal in Europe.

A cornerstone of the 2026 outlook is the realization of $125 million in synergies from the Parkland deal, which significantly expanded Sunoco’s footprint across North America and the Caribbean.

To fuel further growth, management outlined a capital allocation strategy that includes at least $600 million in growth CAPEX and a commitment to $500 million in annual bolt-on acquisitions.

Despite this aggressive growth, Sunoco intends to maintain fiscal discipline, aiming to return to its long-term leverage target of 4.0x by year-end.

For income-focused investors, the partnership announced a target distribution growth rate of at least 5% for 2026.

This would mark the ninth consecutive year of increasing Distributable Cash Flow (DCF) per unit.

Notably, investors in the C-Corp entity, SunocoCorp LLC (NYSE:SUNC), will receive dividend equivalents matching the distributions paid to SUN unitholders, broadening the partnership's appeal to institutional investors who prefer corporate structures.