NYSE:SUNOil and Gas
Weaker Earnings and Credit Amendments Might Change the Case for Investing in Sunoco (SUN)
On August 8, 2025, Sunoco LP amended its credit agreement to allow up to US$2 billion in reserved cash for the Parkland Acquisition to be excluded from its net leverage ratio calculation, while also recently reporting significantly lower second-quarter earnings with sales dropping to US$5.39 billion and net income at US$86 million compared to much higher figures a year earlier.
This combination of materially weaker earnings and financial adjustments connected to a major acquisition signals...