Record Annual Results
Sunoco reported a record year with adjusted EBITDA of $1.56 billion, representing a 62% increase compared to 2023.
Successful NuStar Acquisition
The NuStar acquisition closed in May 2024, contributing to a revised adjusted EBITDA guidance range of $1.51 billion to $1.57 billion, with $50 million in synergies.
Strong Liquidity Position
Sunoco ended 2024 with $1.3 billion of liquidity on its revolving credit facility and achieved a leverage target of 4.1 times within five months post-NuStar acquisition.
Growth in Distribution
Declared a $0.8865 per unit distribution, a 1.25% increase over last quarter, with a target of at least 5% distribution growth this year.
Positive Outlook for 2025
Confidence in meeting 2025 adjusted EBITDA guidance range of $1.9 to $1.95 billion, expecting continued distribution increases.