Sunoco LP (SUN) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by. My name is Tina and I will be your conference operator today. At this time, I would like to welcome everyone to the Sunoco and Sunoco Corp Q2 2026 earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. To ask a question, simply press star 1 on your telephone keypad. To withdraw your question, press star 1 again. We do ask that you limit questions to one and one follow-up. It is now my pleasure to turn the call over to Scott Grischow, Senior Vice President of Finance. Please go ahead. Thank you. Good morning, everyone. On the call with me this morning are Joe Kim, President and Chief Executive Officer, Karl Fails, Chief Operating Officer, Austin Harkness, Chief Commercial Officer, Brian Hand, Chief Sales Officer, and Dylan Bramhall, Chief Financial Officer. Today's call will contain forward-looking statements that include expectations and assumptions regarding Sunoco LP's future operations and financial performance. Actual results could differ materially and we undertake no obligation to update these statements based on subsequent events. Please refer to our earnings release as well as our filings with the SEC for a list of these factors. During today's call, we will also discuss certain non-GAAP financial measures, including adjusted EBITDA and distributable cash flow as adjusted. Please refer to the SNOCO LP website for reconciliation of each financial measure. The partnership continues a strong momentum in 2026 with second quarter adjusted EBITDA of $996 million, excluding approximately $14 million of one-time transaction expenses. Based on our first half results and our confidence in the outlook for the second half of the year...