Fuel Distribution Infrastructure

credit / rates affecting interest expense

“For the three months ended March 31, 2026 compared to the same period last year, net income increased by $437 million, or approximately 211%, primarily due to higher Segment Adjusted EBITDA from multiple segments, with the most significant increases driven by the Parkland Acquisition and other acquisitions; these increases were partially offset by increases in depreciation, amortization and accretion and interest expense.”

SUN 10-Q

restructuring

“Business combination accounting and quantitative impairment testing are required from time to time due to the occurrence of events, changes in circumstances, or annual testing requirements.”

SUN 10-K

demand / volume affecting expense

“1, 2026 compared to the same period last year, Segment Adjusted EBITDA related to our Pipeline Systems segment increased due to the net impact of the following: • a $10 million increase in segment profit primarily due to refinery turnarounds and contract expirations in the prior period, improved butane blending, and overall increased market demand; and • a $6 million increase in Adjusted EBITDA related to ET-S Permian; partially offset by • an $8 million increase in expenses primarily due to higher utility costs, maintenance costs and corporate allocations.”

SUN 10-Q