On September 22, 2025, Sunoco LP, the master limited partnership owned by Energy Transfer LP, announced that the waiting period under the Hart‑Scott‑Rodino Antitrust Improvements Act had expired. This regulatory milestone removes a key hurdle for the $9.3 billion acquisition of Parkland Corporation.
The expiration of the HSR waiting period is a prerequisite for the transaction’s completion, which is now expected to close in the fourth quarter of 2025 pending other regulatory approvals. With the waiting period cleared, the partnership can move forward with the remaining steps, reducing uncertainty for investors and stakeholders.
For Energy Transfer LP, the transaction represents a significant expansion of its fuel distribution network and a potential boost to its earnings through Sunoco’s contribution. The regulatory approval also signals that U.S. antitrust authorities view the deal as compliant, which may accelerate the integration of Parkland’s assets into ET’s broader midstream operations.
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