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Sunoco Gains Approval for Parkland Acquisition

Story Highlights
  • Sunoco LP and Parkland Corporation received Canadian approval for their acquisition deal.
  • The acquisition is set to close in late 2025, enhancing Sunoco’s market presence.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Sunoco Gains Approval for Parkland Acquisition

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Sunoco ( (SUN) ) has issued an announcement.

On October 14, 2025, Sunoco LP and Parkland Corporation announced that the Government of Canada approved Sunoco’s acquisition of Parkland, in line with the Investment Canada Act. The acquisition, initially disclosed in May 2025, is expected to close in the fourth quarter of 2025, pending remaining regulatory approvals and customary closing conditions. This strategic move positions Sunoco to expand its market presence and leverage synergies with Parkland’s established network and capabilities, potentially enhancing value creation for stakeholders.

The most recent analyst rating on (SUN) stock is a Hold with a $56.00 price target. To see the full list of analyst forecasts on Sunoco stock, see the SUN Stock Forecast page.

Spark’s Take on SUN Stock

According to Spark, TipRanks’ AI Analyst, SUN is a Neutral.

Sunoco’s overall stock score is primarily driven by its strong earnings call performance and optimistic growth outlook, despite mixed financial performance and technical indicators. The high dividend yield adds value, but the high P/E ratio suggests potential overvaluation.

To see Spark’s full report on SUN stock, click here.

More about Sunoco

Sunoco LP is a leading energy infrastructure and fuel distribution master limited partnership operating in over 40 U.S. states, Puerto Rico, Europe, and Mexico. The company manages an extensive network of approximately 14,000 miles of pipeline and over 100 terminals, supporting its fuel distribution operations to around 7,400 Sunoco and partner branded locations, as well as independent dealers and commercial customers. Parkland Corporation is a prominent international fuel distributor, marketer, and convenience retailer with operations in 26 countries across the Americas. It provides essential fuels and renewable energy solutions, including ultra-fast EV charging and solar power, through approximately 4,000 retail and commercial locations.

Average Trading Volume: 414,884

Technical Sentiment Signal: Hold

Current Market Cap: $7.56B

See more insights into SUN stock on TipRanks’ Stock Analysis page.

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