JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
Sunoco LP (NYSE:SUN), an $8.05 billion market cap energy company, disclosed in a recent SEC filing that Mr. Christopher R. Curia, a member of the board of directors, will retire effective May 1, 2025. Curia, 69, has served on the board since August 2014. His departure is not due to any disagreement with Sunoco GP LLC, the general partner of Sunoco LP, its management, or other board members.
This announcement was made public on Monday, with the actual retirement set to occur the following week. The SEC filing, dated April 28, 2025, confirms that Curia’s decision to retire is a personal one and not related to any disputes or issues within the company’s leadership or operations.
Sunoco LP, a master limited partnership involved in petroleum refining, operates under the organization name 01 Energy & Transportation and is incorporated in Delaware. The company’s principal executive offices are located in Dallas, Texas.
The filing with the Securities and Exchange Commission provides no further details on the reasons behind Curia’s retirement or any plans for his succession on the board. As of now, Sunoco LP has not named a replacement for the departing director.
Investors and stakeholders of Sunoco LP can refer to the company’s SEC filing for the official statement regarding this change in the board’s composition. This event is part of the natural cycle of corporate governance and board member rotation within publicly traded companies.
In other recent news, Sunoco LP reported strong financial results for the fourth quarter of 2024, with adjusted EBITDA rising to $446 million and a full-year increase of 62% to $1.56 billion. The company has set its guidance for 2025, projecting an EBITDA range of $1.9 to $1.95 billion, and plans to allocate at least $400 million for growth capital expenditures. Sunoco completed the acquisition of NuStar, which enhanced its distribution network and contributed to meeting its leverage target ahead of schedule, providing more financial flexibility. Analyst firms have shown positive sentiment toward Sunoco, with Mizuho (NYSE:MFG) raising the stock’s price target to $68, Raymond (NSE:RYMD) James adjusting it to $67, and RBC maintaining a $64 target, all while keeping an Outperform rating. Stifel also maintained a Buy rating with a $64 target, noting adjustments in their earnings model for better accuracy. Sunoco’s recent €500 million acquisition of a European terminal is expected to be a focal point in its first-quarter 2025 update, as investors look forward to understanding the return expectations and contract capacity details. The company’s robust balance sheet and strategic acquisitions position it well for future growth opportunities, according to analysts.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.