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Sunoco LP

SUN Energy Oil & Gas Refining & Marketing

Sunoco LP’s revenue for fiscal 2025 (year ended December 2025) was $25.2 billion, up 11.1% from fiscal 2024.

Revenue
+164.6%
EPS
+184.9%
Free cash flow
+955.7%
Total debt
+70.6%

Quarter to June 2026, against a year earlier

68.69 2.15 −3.04%
Market cap
$14.5B
P/E
15.6×
Fwd P/E
7.3×
Dividend yield
4.13%
F-score
6/9
Altman Z
n/a
Beneish M
−2.02
Dividend safety
16/100
Overview Business Profile
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Filings

Revenue by segment Fiscal 2025

  • Fuel Distribution
  • Terminals
  • Pipeline Systems
  • Refinery

Every year since 2015 →

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 23.12%

Capital & Financial Ratios $m

Size
Market Cap 14,510.00
Revenue ttm 39,581.00
Net income ttm 1,161.00
Free cash flow ttm 1,684.00
Net debt Q 12,541.00
Valuation
P/E 15.64
Forward P/E 7.29
Price / sales 0.25
Forward P/S Powerpack
Price / FCF 5.77
Price / book 1.42
Financial health
Current ratio Q 1.29
Debt / equity Q 1.59
Interest coverage Q 2.86
Growth
Revenue growth Q +164.55% (above 0%: growing)
Operating income growth Q +187.19% (above 0%: growing)
EPS, this year +334.89% (at or above 15%: strong)
EPS, next year A −12.40% (below 0%: weak)
Revenue, next year A +103.19% (at or above 10%: strong)
EPS, past 5 yrs +7.21%
EPS, next 5 yrs A +59.14% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.6×, against a ten-year median of 0.4×; over the ten years it ranged from 0.3× in 2022 to 1.1× in 2016.
P/E against its own 10 years 48.31%
10-year low 10-year high
P/S against its own 10 years 61.04%
10-year low 10-year high
P/B against its own 10 years 19.21%
10-year low 10-year high
EV/Sales against its own 10 years 61.26%
10-year low 10-year high
EV/FCF against its own 10 years 14.32%
10-year low 10-year high

Dividends raised 3 years running

Yield
4.13%
Annual rate
2.92
Payout ratio
64.7%
Growth, 2016–25
+1.12%/yr
  1. 3.27 ’16
  2. 3.30 ’17 +1%
  3. 3.30 ’18 +0%
  4. 3.30 ’19 +0%
  5. 3.30 ’20 +0%
  6. 3.30 ’21 +0%
  7. 3.30 ’22 +0%
  8. 3.35 ’23 +1%
  9. 3.47 ’24 +3%
  10. 3.61 ’25 +4%
  11. 4.03 ’26e +11%
paid forecast Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 29 94 891 773
Receivables 876 1,162 1,972 3,350
Inventory 889 1,068 2,383 2,390
Other 133 141 270 269
1,927 2,465 5,516 6,782
2023 2024 2025 Q'26
Payables 998 1,454 2,816 4,012
ST’ Debt — 2 17 6
Other — — — —
1,373 1,947 3,997 5,262

Compound Annual Growth %

10y 5y 3y
Sales 7.32% 18.67% (0.69%)
Cash Flow 13.07% 18.88% 28.56%
Earnings 13.66% 18.32% (12.98%)
Book Value 4.29% 66.18% 104.10%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 2.68 Actual 0.94

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 1.54 0.64 Miss by 0.90
Q4 FY25 1.64 0.09 Miss by 1.55
Q1 FY26 1.71 2.85 Beat by 1.14
Q2 FY26 2.68 0.94 Miss by 1.74
Q3 FY26 2.94 — Reports 3 November 2026

EPS $

Mar Jun Sep Dec Year
’26 2.85 0.94 — — —
’25 1.21 0.33 0.64 0.09 2.28
’24 2.26 3.85 (0.26) 0.75 6.00
’23 1.41 0.78 2.95 (1.50) 3.65
’22 2.32 1.20 0.75 0.42 4.68
’21 1.60 1.73 1.00 0.95 5.28
’20 (1.78) 1.64 0.96 0.77 1.61
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 10,690 14,259 — — —
’25 5,179 5,390 6,032 8,600 25,201
’24 5,499 6,174 5,751 5,269 22,693
’23 5,362 5,745 6,320 5,641 23,068
’22 5,402 7,815 6,594 5,918 25,729
’21 3,471 4,392 4,779 4,954 17,596
’20 3,272 2,080 2,805 2,553 10,710
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 454 1,101 — — —
’25 156 243 401 392 1,192
’24 286 (70) 210 123 549
’23 326 91 (1) 184 600
’22 23 314 303 (79) 561
’21 152 123 237 31 543
’20 38 217 207 40 502
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 258 929 — — —
’25 58 88 247 250 643
’24 247 (140) 114 7 228
’23 292 59 (42) 107 416
’22 1 292 268 (154) 407
’21 140 101 206 (44) 403
’20 (1) 200 189 3 391
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 9,986 11,723 16,994 16,596 10,710 17,596 25,729 23,068 22,693 25,201 39,581 +10.8% 51,207 53,772 57,338 +31.5%
Gross margin, % 11.58 9.45 6.60 7.33 9.86 7.67 5.36 5.92 9.25 11.08 11.93 (0.5) pt
EBT (16) 20 92 296 236 554 501 430 1,049 589 1,332 n/m
EBT margin, % (0.16) 0.17 0.54 1.78 2.20 3.15 1.95 1.86 4.62 2.34 3.37 +2.5 pt
Net income (406) 149 (207) 313 212 524 475 394 874 527 1,161 n/m
Per share, $
Per share, $ Revenue 106.72 118.09 201.59 200.54 128.94 211.06 307.19 274.35 191.46 184.63 289.13 +6.3%
Earnings (5.26) 0.35 (3.39) 2.84 1.63 5.35 4.74 3.70 6.04 2.29 4.53 n/m
Cash flow 4.98 3.05 5.30 5.26 6.04 6.51 6.70 7.14 4.63 8.73 17.15 +6.4%
Capex (1.71) (1.33) (0.81) (1.43) (1.34) (1.68) (1.84) (2.19) (2.71) (4.02) (4.85) +10.0%
Free cash flow 3.27 1.72 4.50 3.83 4.71 4.83 4.86 4.95 1.92 4.71 12.30 +4.1%
Book value 23.47 22.64 9.30 9.16 7.61 9.73 11.25 11.63 34.32 58.68 60.98 +10.7%
Shares, m 94 99 84 83 83 83 84 84 119 136 137 +4.3%
Valuation, ×
Valuation, × P/E 0.00 42.12 0.00 10.74 17.77 7.63 9.04 15.34 7.71 22.99 15.64 13.3
P/S 0.25 0.24 0.13 0.15 0.22 0.19 0.14 0.21 0.27 0.28 0.25 0.2
P/B 1.15 1.47 2.92 3.34 3.78 4.20 3.82 4.89 1.50 1.10 1.42 2.8
EV/Sales 0.69 0.61 0.31 0.34 0.50 0.38 0.28 0.36 0.59 0.78 0.56 0.5
EV/FCF 22.67 41.68 13.78 17.72 13.90 16.54 17.51 20.15 59.69 30.66 13.22 25.4
Cash, $m
Cash, $m Operating cash flow 466 303 447 435 502 543 561 600 549 1,192 2,348 +11.0%
Capex (160) (132) (68) (118) (111) (140) (154) (184) (321) (549) (664) +14.7%
Free cash flow 306 171 379 317 391 403 407 416 228 643 1,684 +8.6%
Balance, $m
Balance, $m Working capital 216 3,330 40 180 194 302 577 554 518 1,519 1,520 +24.2%
Net debt 4,411 4,262 2,929 3,050 3,015 3,230 3,489 3,551 7,392 12,498 12,541 +12.3%
Shareholders’ equity 2,196 2,247 784 758 632 811 942 978 4,068 8,009 8,348 +15.5%
Returns, %
Returns, % ROA (4.63) 0.41 (4.31) 4.56 2.52 8.05 7.51 4.55 6.75 1.46 2.81 +6.1 pt
ROIC 1.37 2.20 5.81 7.62 7.15 11.58 9.56 8.76 4.31 2.85 5.64 +1.5 pt
ROE (10.89) 1.69 (20.87) 30.48 19.42 61.82 54.19 32.40 28.38 5.92 11.39 +16.8 pt
People
People Employees 22,500 6,513 3,622 2,909 2,282 2,225 2,302 2,389 3,298 8,910 — (9.8%)
Revenue/emp, $m 0.44 1.80 4.69 5.71 4.69 7.91 11.18 9.66 6.88 2.83 — +22.8%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Business profile

Updated

Sunoco LP is a master limited partnership that distributes motor fuel and operates energy infrastructure. It supplies fuel to independent dealers, distributors, commercial businesses and its own convenience stores. It also transports and stores petroleum products for its distribution business and other customers.

The company operates across North America, the Greater Caribbean and Europe. Its network includes pipelines and terminals, while its fuel business supplies Sunoco and partner-branded locations as well as unbranded customers. Alongside gasoline and diesel, Sunoco distributes products such as aviation fuel, marine fuel, propane and lubricating oil.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Fuel Distribution 23,933 94.97%
Terminals 1,404 5.57%
Pipeline Systems 751 2.98%
Refinery 474 1.88%
Gross margin 11.08%
Operating margin 3.71%
Pre-tax margin 2.34%

Revenue by segment since 2015

Sunoco LP vs peers in Oil & Gas Refining & Marketing (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
DINO HF Sinclair Corporation $19.7B 11.0× 4.4× +53.15% (above 0%: growing) +348.18% (above 0%: growing) +191.21% (above 0%: growing) 21.72% 11.24% Compare
SUN Sunoco LP $14.5B 15.6× 7.3× +164.55% (above 0%: growing) +184.85% (above 0%: growing) +955.68% (above 0%: growing) 10.27% 4.09%
PBF PBF Energy Inc. $9.3B 6.8× 2.7× +56.23% (above 0%: growing) n/m +4,076.29% (above 0%: growing) 15.56% 10.89% Compare
UGP Ultrapar Participacoes S.A. $6.2B 9.2× — +36.71% (above 0%: growing) +61.11% (above 0%: growing) +873.56% (above 0%: growing) 11.12% 7.25% Compare
CVI CVR Energy Inc. $5.9B 85.8× 20.1× +55.48% (above 0%: growing) n/m +104.65% (above 0%: growing) 4.27% 2.85% Compare
DK Delek US Holdings, Inc. $4.5B 20.0× 5.8× +47.83% (above 0%: growing) n/m +173.86% (above 0%: growing) 8.93% 7.40% Compare
PARR Par Pacific Holdings, Inc. $3.8B 4.4× 3.4× +56.80% (above 0%: growing) +707.63% (above 0%: growing) +176.88% (above 0%: growing) 28.72% 21.37% Compare
IEP Icahn Enterprises L.P. $3.7B — (loss-making) 18.5× +25.58% (above 0%: growing) n/m +12.90% (above 0%: growing) 3.09% (8.67%) Compare
DKL Delek Logistics Partners, L.P. $3.2B 19.5× 16.1× +56.18% (above 0%: growing) −34.94% (below 0%: shrinking) +193.34% (above 0%: growing) 17.18% 16.09% Compare
Median of peers $5.2B 11.0× 5.8× +54.32% +204.65% +184.05% 13.34% 9.15%

All 19 Oil & Gas Refining & Marketing stocks →

Sunoco LP (SUN) Latest News

27 Oct

Impact 3 · · Zacks

22 Oct

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19 Oct

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13 Oct

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6 Oct

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5 Oct

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29 Sep

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21 Sep

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18 Aug

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11 Aug

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9 Aug

Impact 3 · · MarketBeat transcript
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7 Aug

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6 Aug

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5 Aug

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4 Aug

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Impact 3 · · Moby transcript
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30 Jul

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2 Jul

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7 Jun

Impact 4 · · Simply Wall St.

2 Jun

Impact 3 · · cstoredive.com

28 May

Impact 3 · · cstoredive.com

25 May

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11 May

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stockrow.com/SUN · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com