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Sunoco LP Announces Expected Closing Date for Acquisition of Parkland Corporation

Strategic Insights

— 1 min read

Sunoco LP (NYSE: SUN), a leading energy infrastructure and fuel distribution master limited partnership, has announced that the proposed acquisition of Parkland Corporation (TSX: PKI) is expected to close on October 31, 2025, subject to customary closing conditions. This move aims to strengthen Sunoco's position in the energy market, with an extensive network of approximately 14,000 miles of pipeline and over 100 terminals. As part of the Transaction, Parkland shareholders will receive Common Units of SunocoCorp LLC, which are expected to begin trading on the New York Stock Exchange under the ticker symbol "SUNC" on November 3, 2025.

Key Takeaways:

  • The expected closing date for the acquisition of Parkland Corporation is October 31, 2025, subject to customary closing conditions.
  • SunocoCorp will have an approximate 27% limited partner interest in Sunoco LP's outstanding common units as of the closing date.
  • The acquisition aims to strengthen Sunoco's position in the energy market, with an extensive network of approximately 14,000 miles of pipeline and over 100 terminals.
  • Parkland shareholders will receive Common Units of SunocoCorp LLC in connection with the Transaction.
  • SunocoCorp's Common Units will begin trading on the New York Stock Exchange under the ticker symbol "SUNC" on November 3, 2025.
  • As part of the Transaction, Sunoco will issue additional units representing limited partner interests, which may lead to dilution for existing shareholders.
  • Energy Transfer LP (NYSE: ET) owns the general partner of Sunoco LP.

Statistics:

  • 14,000 miles of pipeline and over 100 terminals are part of Sunoco's midstream operations.
  • Approximately 7,400 Sunoco and partner branded locations are served by Sunoco's distribution operations.
  • The Common Units of SunocoCorp LLC are expected to begin trading on the New York Stock Exchange under the ticker symbol "SUNC" on November 3, 2025.
  • Sunoco LP's general partner is owned by Energy Transfer LP (NYSE: ET).

Sources:

  • Sunoco LP, "Sunoco LP Announces Expected Closing Date for Acquisition of Parkland Corporation", October 27, 2025
  • Parkland Corporation, "Management Information Circular and Proxy Statement" (dated May 26, 2025)
  • Parkland Corporation, "Current Annual Information Form" (dated March 5, 2025)
  • Sunoco LP, "Annual Report on Form 10-K" (filed with the SEC on February 14, 2025)
  • Sunoco LP, "Quarterly Reports on Form 10-Q" (filed with the SEC on May 8, 2025 and August 7, 2025)

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