Sunoco Amends Acquisition Agreement with Parkland

Sunoco ( (SUN) ) just unveiled an announcement.

On May 26, 2025, Sunoco LP amended its arrangement agreement with Parkland Corporation to adjust the funding mechanics and proration formula for their acquisition plan, while maintaining other key terms. This amendment is part of Sunoco’s strategic acquisition of Parkland, valued at approximately $9.1 billion, expected to close in the second half of 2025, pending shareholder and regulatory approvals. The acquisition is part of Sunoco’s broader strategy, which included the completed acquisition of NuStar Energy in May 2024 and the sale of convenience stores to 7-Eleven in April 2024, reflecting a significant shift in its operational focus and market positioning.

The most recent analyst rating on (SUN) stock is a Buy with a $59.00 price target. To see the full list of analyst forecasts on Sunoco stock, see the SUN Stock Forecast page.

Spark’s Take on SUN Stock

According to Spark, TipRanks’ AI Analyst, SUN is a Outperform.

Sunoco’s strong earnings call and sound valuation are the most significant factors contributing to its overall score. Financial performance and corporate events also positively impact the score, while mixed technical signals provide a neutral outlook.

To see Spark’s full report on SUN stock, click here.

More about Sunoco

Sunoco LP is a Delaware limited partnership primarily engaged in the distribution of motor fuels to convenience stores, independent dealers, commercial customers, and distributors. The company is focused on expanding its market presence through strategic acquisitions and sales within the energy sector.

Average Trading Volume: 399,198

Technical Sentiment Signal: Buy

Current Market Cap: $8.58B

See more data about SUN stock on TipRanks’ Stock Analysis page.