Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Sunoco LP has announced its third quarter 2025 financial results, reflecting a record quarter driven by strategic growth initiatives.</li><li>A significant highlight of the quarter is the acquisition of Parkland Corporation, a $9 billion transaction positioning Sunoco as the largest independent fuel distributor in the Americas.</li><li>This acquisition is expected to be accretive to distributable cash flow per common unit, with anticipated synergies of over $250 million by 2028, contributing to an approximately 10% accretion.</li></ul>

Sunoco LP has announced its third quarter 2025 financial results, reflecting a record quarter driven by strategic growth initiatives.A significant highlight of the quarter is the acquisition of Parkland Corporation, a $9 billion transaction positioning Sunoco as the largest independent fuel distributor in the Americas.This acquisition is expected to be accretive to distributable cash flow per common unit, with anticipated synergies of over $250 million by 2028, contributing to an approximately 10% accretion.

Sunoco Is Expanding at Full Speed—How Big Can Its Fuel Empire Actually Get?

<ul><li>Sunoco LP's second quarter of 2025 delivered strong financial and operational results, with several key takeaways highlighting both the strengths and potential areas of concern for investors.</li><li>Financially, Sunoco achieved a record second quarter with an adjusted EBITDA of $464 million, excluding $10 million in one-time transaction-related expenses, and adjusted distributable cash flow of $300 million.</li><li>The company has also committed to a robust capital expenditure plan, spending $120 million on growth capital and another $40 million on maintenance capital during the quarter.</li></ul>

Sunoco LP's second quarter of 2025 delivered strong financial and operational results, with several key takeaways highlighting both the strengths and potential areas of concern for investors.Financially, Sunoco achieved a record second quarter with an adjusted EBITDA of $464 million, excluding $10 million in one-time transaction-related expenses, and adjusted distributable cash flow of $300 million.The company has also committed to a robust capital expenditure plan, spending $120 million on growth capital and another $40 million on maintenance capital during the quarter.

Sunoco LP: Will Its Fuel Distribution Strategy Up The Ante?

United States

Sunoco LP distributes motor fuel to convenience stores, independent dealers, commercial customers, and distributers. The Company also operates convenience stores and retail fuel sites. Sunoco is located in the United States.

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Sunoco LP (SUN US)

Sunoco Is Expanding at Full Speed—How Big Can Its Fuel Empire Actually Get?

Sunoco LP has announced its third quarter 2025 financial results, reflecting a record quarter driven by strategic growth initiatives. A...

Baptista Research

Sunoco LP: Will Its Fuel Distribution Strategy Up The Ante?

Sunoco LP's second quarter of 2025 delivered strong financial and operational results, with several key takeaways highlighting both the strengths...

Baptista Research

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