Sunoco LP Acquires E.T. "Buddy" Storey, Inc. Fuel Business

TL;DR

Sunoco buying Buddy Storey's fuel biz, adding 100M gallons.

AI Summary

Sunoco LP announced on April 23, 2025, that it has entered into a definitive agreement to acquire the retail fuel distribution business of E.T. "Buddy" Storey, Inc. The transaction is expected to close in the second quarter of 2025 and will add approximately 100 million gallons of annual fuel volume to Sunoco's operations.

Why It Matters

This acquisition expands Sunoco's retail fuel distribution network, potentially increasing market share and revenue in the acquired regions.

Risk Assessment

Risk Level: medium — Acquisitions carry inherent risks, including integration challenges, potential overpayment, and unforeseen liabilities, which could impact Sunoco's financial performance.

Key Numbers

• 100 million gallons — Annual Fuel Volume (Expected to be added through the acquisition of E.T. "Buddy" Storey, Inc.'s retail fuel distribution business.)

Key Players & Entities

• Sunoco LP (company) — Registrant
• E.T. "Buddy" Storey, Inc. (company) — Acquisition Target
• 100 million gallons (dollar_amount) — Annual fuel volume to be added
• April 23, 2025 (date) — Date of Report
• Second quarter of 2025 (date) — Expected closing period

FAQ

From the Filing

0001552275-25-000030.txt : 20250423 0001552275-25-000030.hdr.sgml : 20250423 20250423170618 ACCESSION NUMBER: 0001552275-25-000030 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20250423 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250423 DATE AS OF CHANGE: 20250423 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Sunoco LP CENTRAL INDEX KEY: 0001552275 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] ORGANIZATION NAME: 01 Energy & Transportation EIN: 300740483 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35653 FILM NUMBER: 25862367 BUSINESS ADDRESS: STREET 1: 8111 WESTCHESTER DR., SUITE 400 CITY: DALLAS STATE: TX ZIP: 75225 BUSINESS PHONE: (832) 234-3600 MAIL ADDRESS: STREET 1: 8111 WESTCHESTER DR., SUITE 400 CITY: DALLAS STATE: TX ZIP: 75225 FORMER COMPANY: FORMER CONFORMED NAME: Susser Petroleum Partners LP DATE OF NAME CHANGE: 20120614 8-K 1 sun-20250423.htm 8-K sun-20250423 False 0001552275 0001552275 2025-04-23 2025-04-23 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Act of 1934 April 23, 2025 Date of Report (Date of earliest event reported) SUNOCO LP (Exact name of registrant as specified in its charter) Delaware 001-35653 30-0740483 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 8111 Westchester Drive, Suite 400 Dallas , Texas 75225 (Address of principal executive offices, including zip code) ( 214 ) 981-0700 (Registrant’s telephone number, including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐      Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Units Representing Limited Partner Interests SUN New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o Item 7.01. Regulation FD Disclosure. On April 23, 2025, Sunoco LP (the “Partnership”) issued a press release announcing that the Board of Directors of its general partner, Sunoco GP LLC, (the “Board”) approved a cash distribution of $0.8976 per common unit ($3.5904 annualized) on Partnership common units for the quarter ended March 31, 2025. A copy of the press release is set forth in Exhibit 99.1 and is incorporated herein by reference. In accordance with General Instruction B.2 of Form 8-K, the information set forth in the attached Exhibit 99.1 is deemed to be “furnished” and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act&