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    Charles Douglas BryantMizuho Securities USA LLC

    Charles Douglas Bryant's questions to Sunoco LP (SUN) leadership

    Charles Douglas Bryant's questions to Sunoco LP (SUN) leadership • Q1 2025

    Question

    Charles Douglas Bryant inquired about Sunoco's future capital allocation strategy across different regions following the Parkland acquisition and asked about the company's long-term target mix between fuel distribution and conventional midstream assets.

    Answer

    Chief Operating Officer Karl Fails explained that capital allocation is not region-specific but is based on a 'best projects win' approach, prioritizing projects with quick returns and cross-segment synergies. President and CEO Joseph Kim added that while the portfolio may not always be perfectly balanced, the long-term goal is diversification. He noted the Parkland deal was a unique strategic opportunity on the fuel distribution side, and the company will continue to seek accretive deals to balance the portfolio over time.

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