Sunoco LP (NYSE:SUN) is one of the 10 cheapest oil and gas stocks to invest in. Sunoco LP (NYSE:SUN) released its 2026 guidance on January 6, 2026, forecasting full-year adjusted EBITDA of between $3.1 billion and $3.3 billion. The outlook reflects approximately $125 million in expected synergies from the Parkland acquisition. It also incorporates a 50-day planned maintenance at the Burnaby Refinery, beginning in late January, as well as the expected first quarter close of the TanQuid acquisition. The guidance also assumes at least $600 million in growth capital expenditures, along with $400 million to $450 million in sustaining capital expenditures.
Additionally, the company outlined its capital allocation strategy. This includes an acquisition pipeline of no less than $500 million per year and a return to its long-term leverage target of four times over the year. The strategy also targets a distribution growth rate of at least 5% supported by quarterly increases. The company also expects to increase distributable cash flow per common unit for the ninth consecutive year and provide equivalent dividends to its investors. These actions highlight the association’s increasing focus on unitholder income growth and balance sheet strength.
The company also received an upgrade from Raymond James on January 5. Raymond James analyst Justin Jenkins upgraded Outperform shares to a Strong Buy while maintaining a $70 price target. The upgrade is part of a broader rating adjustment in the midstream supplier sector for 2026.
Sunoco LP (NYSE:SUN) is involved in the distribution of motor fuels and energy infrastructure in the United States. The company operates through the Pipeline Systems, Fuel Distribution and Terminals segments. It was incorporated in 1886 and is headquartered in Dallas, Texas.
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Disclosure: None. This article was originally published in Internal jumpsuit.