Sunoco LP (NYSE:SUN) is named among the 15 Extreme Dividend Stocks to Buy According to Hedge Funds. Citi recently initiated coverage on SUN with a Buy rating and a price target of $65, noting the company’s impressive EBITDA growth despite declining gasoline demand since 2018.

In the third quarter of 2025, Sunoco LP (NYSE:SUN) completed its $9 billion acquisition of Parkland Corporation, creating the largest independent fuel distributor in the Americas. The merger is expected to generate over $250 million in synergies by 2028 and result in more than 10% accretion.

Sunoco LP (NYSE:SUN) reported revenue of $6.03 billion in the quarter, exceeding analysts’ estimates by $284 million. The company raised its quarterly distribution by 1.25% and is on track to achieve at least 5% distribution growth in 2025. SUN operates as a major energy infrastructure and fuel distribution master limited partnership.

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Read more at Yahoo Finance: Citi Initiates Coverage on Sunoco (SUN) with a Buy Rating