Sunoco Q1 Net Income Triples With TanQuid, Parkland Deals

SECAUCUS, NJ (DTN) – Sunoco reported Tuesday (5/5) that net income jumped more than 200% year-on-year in first quarter net income, supported by its acquisition of petroleum liquids storage operator TanQuid and fuel distributor Parkland.

• Net income was at $644 million in the first quarter of 2026 versus $97 million in the fourth quarter of 2025 and $207 million in the year-ago quarter.
• Fuel distribution segment income rose 140% during the first quarter of 2026 compared to the prior year, supported by its recent acquisition of German petroleum liquids storage operator TanQuid and the continued integration of the assets of Canadian-based fuel distributor Parkland.
• Fuel margin for all gallons sold was 17.0cts gallon for the quarter in reference, versus 10.6cts in the year-ago quarter.
• Sunoco’s adjusted EBITDA rose to $858 million in the first quarter, from $458 million in the first quarter of 2025. Fuel sales for the period reached 3.8 billion gallons.