Sunoco CEO Expects $500 Million Acquisition Benchmark to Be a Modest Bar in 2027
Photo: TokenPost
Sunoco LP expects to finish 2026 with roughly $1.5 billion in bolt-on acquisitions, while President and CEO Joe Kim expects the company’s $500 million annual benchmark to be a modest bar in 2027 and beyond. On Tuesday’s third-quarter earnings call, Kim said Sunoco had exceeded that benchmark in 2026. “We exceeded this amount in 2026, and we expect this to be a modest bar in 2027 and beyond,” he said. The $500 million figure was part of an existing multiyear acquisition plan, not a new target specifically for 2027.
Source: TokenPost
