Sunoco LP (SUN) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$2.79	$0.94	-66.3%	—	$14.3B	—
Q1 26	$1.72	$2.85	+65.7%	—	$10.7B	—
Q4 25	$1.51	$0.09	-94.0%	—	$8.6B	—
Q3 25	$0.96	$1.15	+19.8%	—	$6B	—
Q2 25	$0.8	$1.09	+36.3%	—	$5.4B	—
Q1 25	$1.18	$1.21	+2.5%	—	$5.2B	—
Q4 24	$1.28	$1.06	-17.2%	—	$5.3B	—
Q3 24	$1.11	$0.18	-83.8%	—	$5.8B	—
Q2 24	$0.74	$1.48	+100.0%	—	$6.2B	—
Q1 24	$1.5	$1.49	-0.7%	—	$5.5B	—
Q4 23	$1.33	$1.47	+10.5%	—	$5.6B	—
Q3 23	$1.22	$2.95	+141.8%	—	$6.3B	—
Q2 23	$1.25	$0.78	-37.6%	—	$5.7B	—
Q1 23	$1.23	$1.41	+14.6%	—	$5.4B	—
Q4 22	$0.77	$0.42	-45.5%	—	$5.9B	—
Q3 22	$1.13	$0.75	-33.6%	—	$6.6B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$2.29	—	—	$25.2B	—
FY24	—	$6.04	—	—	$22.7B	—
FY23	—	$3.7	—	—	$23.1B	—
FY22	—	$4.74	—	—	$25.7B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$10B	$11.7B	$17B	$16.6B	$10.7B	$17.6B	$25.7B	$23.1B	$22.7B	$25.2B
YoY change	-19.7%	+17.4%	+45%	-2.34%	-35.5%	+64.3%	+46.2%	-10.3%	-1.63%	+11.1%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	10B	11.7B	17B	16.6B	10.7B	17.6B	25.7B	23.1B	22.7B	25.2B
Cost of revenue	9B	10.8B	16.1B	15.6B	9.8B	16.4B	24.5B	21.9B	21B	23.1B
Gross profit	980M	939M	940M	1B	867M	1.2B	1.2B	1.2B	1.7B	2.1B
Gross margin	9.81%	8.01%	5.53%	6.22%	8.1%	6.67%	4.61%	5.11%	7.62%	8.35%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	236M	221M	213M	197M	173M	168M	183M	194M	349M	410M
Operating expenses	610M	596M	576M	501M	448M	438M	521M	550M	894M	1.2B
Operating income	370M	343M	364M	532M	419M	735M	665M	628M	836M	929M
Operating margin	3.71%	2.93%	2.14%	3.21%	3.91%	4.18%	2.58%	2.72%	3.68%	3.69%
Non-operating income, net	-225M	-114M	-128M	-63M	-8M	-18M	18M	19M	604M	201M
Pretax income	-16M	20M	92M	296M	236M	554M	501M	430M	1B	589M
Income tax	-72M	-306M	34M	-17M	24M	30M	26M	36M	175M	62M
Net income	-406M	149M	-207M	313M	212M	524M	475M	394M	874M	527M
Net margin	-4.07%	1.27%	-1.22%	1.89%	1.98%	2.98%	1.85%	1.71%	3.85%	2.09%
EBITDA	538M	498M	543M	715M	610M	909M	853M	818M	1.3B	1.8B
EPS	-5.26	0.35	-3.39	2.84	1.63	5.35	4.74	3.7	6.04	2.29
Diluted EPS	-5.26	0.34	-3.39	2.82	1.61	5.28	4.68	3.65	6	2.28

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	6.3B	5.6B	5.5B	6.2B	5.8B	5.3B	5.2B	5.4B	6B	8.6B	10.7B	14.3B
Cost of revenue	5.8B	5.5B	5.1B	5.7B	5.4B	4.8B	4.7B	5B	5.5B	7.9B	9.3B	13.1B
Gross profit	483M	103M	441M	487M	329M	473M	497M	415M	487M	705M	1.4B	1.2B
Gross margin	7.64%	1.83%	8.02%	7.89%	5.72%	8.98%	9.6%	7.7%	8.07%	8.2%	13.1%	8.29%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	48M	51M	54M	151M	73M	71M	55M	69M	70M	216M	208M	215M
Operating expenses	141M	145M	142M	285M	224M	243M	198M	214M	232M	531M	538M	596M
Operating income	342M	-42M	299M	202M	105M	230M	299M	201M	255M	174M	865M	586M
Operating margin	5.41%	-0.74%	5.44%	3.27%	1.83%	4.37%	5.77%	3.73%	4.23%	2.02%	8.09%	4.11%
Non-operating income, net	-3M	0	1M	543M	28M	32M	27M	15M	24M	135M	15M	-20M
Pretax income	283M	-97M	237M	650M	17M	145M	205M	93M	148M	143M	679M	362M
Income tax	11M	9M	7M	149M	15M	4M	-2M	7M	11M	46M	35M	79M
Net income	272M	-106M	230M	501M	2M	141M	207M	86M	137M	97M	644M	283M
Net margin	4.3%	-1.88%	4.18%	8.11%	0.03%	2.68%	4%	1.6%	2.27%	1.13%	6.02%	1.98%
EBITDA	387M	-4M	345M	279M	226M	408M	487M	385M	453M	512M	1.2B	851M
EPS	2.99	-1.5	2.29	3.88	-0.26	0.76	1.22	0.33	0.64	0.09	2.86	0.94
Diluted EPS	2.95	-1.5	2.26	3.85	-0.26	0.75	1.21	0.33	0.64	0.09	2.85	0.94

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	2.8B	—	2.5B	2.4B	3.4B	3.6B	5B	—	—	14.1B
Enterprise value	—	7.1B	—	6.1B	6B	7.2B	7.6B	9.1B	—	—	25.8B
Shares outstanding	93.6M	99.3M	84.3M	82.8M	83.1M	83.4M	83.8M	84.1M	118.5M	136.5M	136.5M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	18.9	—	8.09	11.3	6.5	7.6	12.8	—	—	16.5
P/S	—	0.24	—	0.15	0.22	0.19	0.14	0.22	—	—	0.35
P/B	—	1.25	—	3.34	3.78	4.2	3.83	5.15	—	—	1.49
EV/EBITDA	—	14.2	—	8.58	9.77	7.89	8.97	11.2	—	—	8.91
EV/Sales	—	0.6	—	0.37	0.56	0.41	0.3	0.4	—	—	0.65
Earnings yield	—	5.29%	—	12.4%	8.87%	15.4%	13.2%	7.82%	—	—	6.08%
FCF yield	—	10.5%	—	11.3%	15.8%	10.8%	10.4%	7.64%	—	—	6.54%
PEG	—	—	—	—	—	—	—	—	—	—	0.09

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	9.81%	8.01%	5.53%	6.22%	8.1%	6.67%	4.61%	5.11%	7.62%	8.35%	8.29%
Operating margin	3.71%	2.93%	2.14%	3.21%	3.91%	4.18%	2.58%	2.72%	3.68%	3.69%	4.11%
Net margin	-4.07%	1.27%	-1.22%	1.89%	1.98%	2.98%	1.85%	1.71%	3.85%	2.09%	2.93%
ROE	-18.5%	6.63%	-26.4%	41.3%	33.5%	64.6%	50.4%	40.3%	21.5%	6.58%	18.7%
ROA	-4.67%	1.79%	-4.24%	5.76%	4.03%	9.01%	6.95%	5.77%	6.08%	1.86%	5.5%
ROIC	5.6%	5.27%	6.18%	12.2%	8.95%	15.2%	12.7%	11.4%	5.82%	3.78%	7.31%
Return on tangible assets	-10%	3.77%	-60%	30.2%	22%	32.9%	19.4%	15.5%	8.46%	3.01%	6.07%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.2	3.74	1.05	1.24	1.3	1.34	1.41	1.4	1.27	1.38	1.29
Quick ratio	0.81	3.39	0.61	0.68	0.71	0.74	0.83	0.76	0.72	0.78	0.83
Debt / equity	2.06	1.91	3.81	4.78	5.81	4.68	4.37	4.21	1.97	1.85	1.78
Debt / assets	0.52	0.51	0.61	0.67	0.7	0.65	0.6	0.6	0.56	0.52	0.5
Net debt / EBITDA	8.2	8.56	5.39	5.03	5.86	4.15	4.73	4.99	6.28	7.6	4.72
Interest coverage	0.9	1.1	1.65	2.76	2.39	4.55	3.85	3.03	3.76	2.1	2.91
Effective tax rate	0%	0%	37%	0%	10.2%	5.42%	5.19%	8.37%	16.7%	10.5%	12.8%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	106.7	118.1	201.6	200.5	128.9	211.1	307.2	274.4	191.5	184.6	289.4
EPS (basic)	-5.26	0.35	-3.39	2.84	1.63	5.35	4.74	3.7	6.04	2.29	2.29
EPS (diluted)	-5.26	0.34	-3.39	2.82	1.61	5.28	4.68	3.65	6	2.28	4.53
Book value per share	23.5	22.6	9.3	9.16	7.61	9.73	11.2	11.6	34.3	58.7	50
FCF per share	4.17	2.99	-1.68	3.47	4.55	4.43	4.48	4.58	1.73	4.51	12.1
Cash per share	1.1	0.28	0.66	0.25	1.17	0.3	0.98	0.34	0.79	6.53	5.65
Capex per share	0.1	0.1	0.44	0.36	0.16	0.41	0.38	0.37	0.19	4.23	5

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.09%	0.09%	0.22%	0.18%	0.12%	0.19%	0.12%	0.13%	0.1%	2.29%	1.74%
Capex / operating cash flow	5.7%	3.86%	9.81%	6.29%	3%	6.59%	5.54%	5.45%	1.89%	48.4%	29.3%
Payout ratio	-107.4%	289.3%	-185%	112.8%	167%	68.1%	75.6%	94.2%	64.8%	124.7%	82.8%
Dividend yield	—	15.3%	—	13.9%	14.8%	10.5%	9.94%	7.36%	—	—	5.38%

Yield

5.38%

trailing twelve months

Frequency

Quarterly

Last dividend

$1.002

ex-dividend Aug 7, 2026

Payout ratio

83%

of earnings

Dividend growth

3 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 7, 2026	$1.002
May 8, 2026	$0.99
Feb 6, 2026	$0.932
Oct 30, 2025	$0.92

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$6.3B	$5.6B	$5.5B	$6.2B	$5.8B	$5.3B	$5.2B	$5.4B	$6B	$8.6B	$10.7B	$14.3B
YoY change	-4.16%	-4.68%	+2.56%	+7.47%	-9%	-6.59%	-5.82%	-12.7%	+4.89%	+63.2%	+106.4%	+164.5%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	103M	28M	56M	21M	97M	25M	82M	29M	94M	891M
Receivables	361M	285M	299M	337M	239M	428M	755M	703M	1.1B	1.7B
Inventory	423M	426M	374M	419M	382M	534M	821M	889M	1.1B	2.4B
Total current assets	1.3B	4.5B	905M	924M	847M	1.2B	2B	1.9B	2.5B	5.5B
Property, plant & equipment	918M	843M	819M	1.3B	1.2B	2.6B	3B	1.6B	6.8B	10.2B
Goodwill & intangibles	4.7B	4.4B	4.5B	4.4B	4.3B	4.2B	4.4B	4.3B	4B	10.9B
Total assets	8.7B	8.3B	4.9B	5.4B	5.3B	5.8B	6.8B	6.8B	14.4B	28.4B
Accounts payable	616M	559M	412M	445M	267M	515M	966M	828M	1.5B	2.8B
Short-term debt	5M	6M	5M	31M	25M	25M	21M	22M	36M	228M
Total current liabilities	1.1B	1.2B	865M	744M	653M	890M	1.4B	1.4B	1.9B	4B
Long-term debt	4.5B	4.3B	3B	3.6B	3.6B	3.8B	4.1B	4.1B	8B	14.6B
Total liabilities	6.5B	6.1B	4.1B	4.7B	4.6B	5B	5.9B	5.8B	10.3B	20.4B
Shareholders' equity	2.2B	2.2B	784M	758M	632M	811M	942M	978M	4.1B	8B
Total debt	4.5B	4.3B	3B	3.6B	3.7B	3.8B	4.1B	4.1B	8B	14.9B
Net debt	4.4B	4.3B	2.9B	3.6B	3.6B	3.8B	4B	4.1B	7.9B	14B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	—	—	—	—	—	94M	172M	116M	3.2B	891M	718M	773M
Receivables	—	—	—	—	—	1.1B	909M	894M	1.2B	1.7B	3B	2.6B
Inventory	—	—	—	—	—	1.1B	1.1B	1.2B	1.1B	2.4B	2.3B	2.4B
Total current assets	—	—	—	—	—	2.5B	2.5B	2.5B	5.8B	5.5B	6.8B	6.8B
Property, plant & equipment	—	—	—	—	—	6.8B	8.1B	8.2B	8.3B	10.2B	15.3B	15.2B
Goodwill & intangibles	1.6B	1.6B	1.5B	1.5B	1.5B	4B	4B	4B	4B	10.9B	10.9B	10.8B
Total assets	—	—	—	—	—	14.4B	14.3B	14.4B	17.8B	28.4B	30.3B	29.9B
Accounts payable	—	—	—	—	—	1.5B	1.1B	1.1B	1.3B	2.8B	3.8B	4B
Short-term debt	—	—	—	—	—	36M	33M	34M	34M	228M	184M	188M
Total current liabilities	—	—	—	—	—	1.9B	1.6B	1.6B	1.9B	4B	4.9B	5.3B
Long-term debt	—	—	—	—	—	8B	8.2B	8.3B	10B	14.6B	15.2B	14.7B
Total liabilities	—	—	—	—	—	10.3B	10.2B	10.3B	12.3B	20.4B	21.9B	21.6B
Shareholders' equity	—	—	—	—	—	4.1B	4.2B	4.1B	5.5B	8B	8.3B	8.3B
Total debt	—	—	—	—	—	8B	8.2B	8.3B	10.1B	14.9B	15.4B	14.8B
Net debt	—	—	—	—	—	7.9B	8B	8.2B	6.8B	14B	14.7B	14.1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	-406M	149M	-207M	313M	212M	524M	475M	394M	874M	527M
Depreciation & amortization	176M	169M	182M	183M	189M	177M	189M	183M	368M	688M
Stock-based compensation	13M	24M	12M	13M	14M	16M	14M	17M	17M	19M
Change in working capital	7M	57M	28M	37M	-76M	-28M	-134M	-164M	-134M	-295M
Operating cash flow	158M	259M	377M	477M	433M	516M	578M	569M	1.2B	1.2B
Capital expenditure	9M	10M	37M	30M	13M	34M	32M	31M	23M	-577M
Investing cash flow	-162M	10M	-364M	-16M	-7M	-222M	-286M	-82M	813M	-2.9B
Dividends paid	-436M	-431M	-383M	-353M	-354M	-357M	-359M	-371M	-566M	-657M
Share repurchases	0	0	-843M	0	0	—	—	—	-784M	0
Financing cash flow	2.5B	-339M	-2.7B	-306M	-306M	-228M	-40M	-365M	-961M	2.4B
Net change in cash	2.5B	-70M	-2.7B	155M	120M	66M	252M	122M	1.1B	697M
Free cash flow	390M	297M	-142M	287M	378M	369M	375M	385M	205M	615M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	272M	-106M	230M	501M	2M	141M	207M	86M	137M	97M	644M	283M
Depreciation & amortization	44M	42M	43M	78M	95M	152M	156M	154M	159M	219M	286M	282M
Stock-based compensation	4M	4M	4M	4M	4M	5M	4M	5M	5M	5M	6M	7M
Change in working capital	-195M	3M	183M	-193M	-47M	-77M	-235M	-52M	2M	-10M	—	—
Operating cash flow	-11M	181M	343M	354M	316M	201M	95M	243M	401M	392M	454M	1.1B
Capital expenditure	4M	6M	2M	0	5M	16M	3M	-160M	-157M	-159M	-199M	-173M
Investing cash flow	0	6M	-183M	1B	-19M	-2M	-33M	-268M	-259M	-2.2B	-453M	-286M
Dividends paid	-91M	-100M	-91M	-158M	-157M	-160M	-159M	-163M	-166M	-169M	-296M	-260M
Share repurchases	0	—	—	—	0	0	—	—	0	0	—	—
Financing cash flow	66M	-336M	123M	-58M	-202M	-13M	23M	-50M	1.5B	-527M	-197M	-778M
Net change in cash	55M	-149M	283M	1.3B	95M	186M	85M	-75M	1.6B	-2.4B	-196M	37M
Free cash flow	-46M	101M	245M	-140M	109M	-9M	55M	83M	244M	233M	255M	928M

Sunoco LP Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement