NYSE : SUN
Sunoco LP — Financial statements
Energy · Oil & Gas Refining & Marketing · United States
Last price 69.79 USD (Nov 2, 2026, 10:17 AM EST) · Market cap 9.55B
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Financial statements
Sunoco LP (SUN) reported revenue of 39.58B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 39.58B | 25.20B | 22.69B | 23.07B | 25.73B | 17.60B |
| Revenue | 39.58B | 25.20B | 22.69B | 23.07B | 25.73B | 17.60B |
| Cost of Revenue | 34.86B | 22.41B | 20.59B | 21.70B | 24.35B | 16.25B |
| Gross Profit | 4.72B | 2.79B | 2.10B | 1.36B | 1.38B | 1.35B |
| Selling, General & Admin | 639.00M | 340.00M | 246.00M | 194.00M | 183.00M | 168.00M |
| Other Operating Expenses | 1.19B | 765.00M | 545.00M | 356.00M | 338.00M | 270.00M |
| Operating Expenses | 2.77B | 1.79B | 1.16B | 737.00M | 714.00M | 615.00M |
| Operating Income | 1.95B | 999.00M | 939.00M | 628.00M | 665.00M | 735.00M |
| Interest Expense | -723.00M | -562.00M | -404.00M | -220.00M | -183.00M | -163.00M |
| Interest & Investment Income | 21.00M | 21.00M | 13.00M | 3.00M | 1.00M | |
| Earnings From Equity Investments | 169.00M | 143.00M | 60.00M | 5.00M | 4.00M | 4.00M |
| Other Non Operating Income (Expenses) | -7.00M | 83.00M | 5.00M | 7.00M | 1.00M | |
| EBT Excluding Unusual Items | 1.41B | 684.00M | 613.00M | 423.00M | 488.00M | 576.00M |
| Merger & Restructuring Charges | -70.00M | -70.00M | -103.00M | |||
| Gain (Loss) on Sale of Assets | 5.00M | 6.00M | 541.00M | 7.00M | 13.00M | 14.00M |
| Other Unusual Items | -13.00M | -31.00M | -2.00M | -36.00M | ||
| Pretax Income | 1.33B | 589.00M | 1.05B | 430.00M | 501.00M | 554.00M |
| Income Tax Expense | 171.00M | 62.00M | 175.00M | 36.00M | 26.00M | 30.00M |
| Earnings From Continuing Operations | 1.16B | 527.00M | 874.00M | 394.00M | 475.00M | 524.00M |
| Net Income to Company | 1.16B | 527.00M | 874.00M | 394.00M | 475.00M | 524.00M |
| Minority Interest in Earnings | -8.00M | |||||
| Net Income | 1.16B | 527.00M | 866.00M | 394.00M | 475.00M | 524.00M |
| Preferred Dividends & Other Adjustments | 538.00M | 214.00M | 150.00M | 83.00M | 78.00M | 78.00M |
| Net Income to Common | 623.00M | 313.00M | 716.00M | 311.00M | 397.00M | 446.00M |
| Shares Outstanding (Basic) | 136.76M | 136.49M | 118.53M | 84.08M | 83.76M | 83.37M |
| Shares Outstanding (Diluted) | 137.50M | 137.20M | 119.34M | 85.09M | 84.80M | 84.44M |
| EPS (Basic) | 4.56 | 2.29 | 6.04 | 3.70 | 4.74 | 5.35 |
| EPS (Diluted) | 4.53 | 2.28 | 6.00 | 3.65 | 4.68 | 5.28 |
| Free Cash Flow | 1.66B | 615.00M | 205.00M | 385.00M | 375.00M | 369.00M |
| Free Cash Flow Per Share | 12.07 | 4.48 | 1.72 | 4.52 | 4.42 | 4.37 |
| Dividend Per Share | 3.84 | 3.66 | 3.51 | 3.37 | 3.30 | 3.30 |
| Gross Margin | 11.93% | 11.08% | 9.25% | 5.92% | 5.36% | 7.67% |
| Operating Margin | 4.93% | 3.96% | 4.14% | 2.72% | 2.58% | 4.18% |
| Profit Margin | 1.57% | 1.24% | 3.16% | 1.35% | 1.54% | 2.54% |
| Free Cash Flow Margin | 4.19% | 2.44% | 0.90% | 1.67% | 1.46% | 2.10% |
| EBITDA | 2.90B | 1.69B | 1.31B | 815.00M | 858.00M | 912.00M |
| EBITDA Margin | 7.32% | 6.69% | 5.76% | 3.53% | 3.33% | 5.18% |
| D&A For EBITDA | 946.00M | 688.00M | 368.00M | 187.00M | 193.00M | 177.00M |
| EBIT | 1.95B | 999.00M | 939.00M | 628.00M | 665.00M | 735.00M |
| EBIT Margin | 4.93% | 3.96% | 4.14% | 2.72% | 2.58% | 4.18% |
| Effective Tax Rate | 12.84% | 10.53% | 16.68% | 8.37% | 5.19% | 5.42% |
| Revenue as Reported | 39.58B | 25.20B | 22.69B | 23.07B | 25.73B | 17.60B |
| Advertising Expenses | 25.00M | 22.00M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 773.00M | 891.00M | 94.00M | 29.00M | 82.00M | 25.00M |
| Cash & Short-Term Investments | 773.00M | 891.00M | 94.00M | 29.00M | 82.00M | 25.00M |
| Accounts Receivable | 2.68B | 1.69B | 1.08B | 829.00M | 849.00M | 510.00M |
| Other Receivables | 672.00M | 286.00M | 78.00M | 47.00M | 56.00M | 28.00M |
| Receivables | 3.35B | 1.97B | 1.16B | 876.00M | 905.00M | 538.00M |
| Inventory | 2.39B | 2.38B | 1.07B | 889.00M | 821.00M | 534.00M |
| Other Current Assets | 269.00M | 270.00M | 141.00M | 133.00M | 175.00M | 95.00M |
| Total Current Assets | 6.78B | 5.52B | 2.46B | 1.93B | 1.98B | 1.19B |
| Property, Plant & Equipment | 15.16B | 14.86B | 8.15B | 2.34B | 2.28B | 2.19B |
| Long-Term Investments | 1.61B | 1.62B | 1.33B | 124.00M | 129.00M | 132.00M |
| Goodwill | 3.06B | 3.03B | 1.48B | 1.60B | 1.60B | 1.57B |
| Other Intangible Assets | 2.34B | 2.41B | 547.00M | 544.00M | 588.00M | 539.00M |
| Long-Term Deferred Charges | 3.00M | |||||
| Other Long-Term Assets | 963.00M | 928.00M | 400.00M | 290.00M | 245.00M | 188.00M |
| Total Assets | 29.93B | 28.36B | 14.38B | 6.83B | 6.83B | 5.82B |
| Accounts Payable | 4.01B | 2.82B | 1.45B | 998.00M | 1.07B | 574.00M |
| Accrued Expenses | 343.00M | 368.00M | 192.00M | 115.00M | 104.00M | 83.00M |
| Current Portion of Long-Term Debt | 6.00M | 17.00M | 2.00M | 6.00M | ||
| Current Portion of Leases | 182.00M | 211.00M | 34.00M | 22.00M | 21.00M | 19.00M |
| Current Income Taxes Payable | 157.00M | 187.00M | 152.00M | 182.00M | 164.00M | 152.00M |
| Current Unearned Revenue | 107.00M | 102.00M | 17.00M | |||
| Other Current Liabilities | 455.00M | 296.00M | 96.00M | 56.00M | 42.00M | 56.00M |
| Total Current Liabilities | 5.26B | 4.00B | 1.95B | 1.37B | 1.41B | 890.00M |
| Long-Term Debt | 12.71B | 13.14B | 7.35B | 3.49B | 3.48B | 3.15B |
| Long-Term Leases | 1.94B | 1.49B | 611.00M | 605.00M | 622.00M | 621.00M |
| Long-Term Deferred Tax Liabilities | 1.06B | 1.14B | 157.00M | 166.00M | 156.00M | 114.00M |
| Other Long-Term Liabilities | 604.00M | 590.00M | 240.00M | 218.00M | 227.00M | 230.00M |
| Total Liabilities | 21.58B | 20.35B | 10.31B | 5.85B | 5.89B | 5.00B |
| Common Stock | 6.89B | 6.51B | 4.07B | 978.00M | 942.00M | 811.00M |
| Comprehensive Income & Other | -45.00M | -6.00M | 2.00M | |||
| Total Common Equity | 6.84B | 6.50B | 4.07B | 978.00M | 942.00M | 811.00M |
| Shareholders' Equity | 8.35B | 8.01B | 4.07B | 978.00M | 942.00M | 811.00M |
| Total Liabilities & Equity | 29.93B | 28.36B | 14.38B | 6.83B | 6.83B | 5.82B |
| Total Debt | 14.84B | 14.86B | 8.00B | 4.11B | 4.12B | 3.79B |
| Net Cash (Debt) | -14.07B | -13.96B | -7.91B | -4.08B | -4.04B | -3.77B |
| Net Cash Per Share | -102.31 | -101.78 | -66.24 | -47.99 | -47.62 | -44.65 |
| Filing Date Shares Outstanding | 136.90M | 136.89M | 136.24M | 84.43M | 84.06M | 83.69M |
| Total Common Shares Outstanding | 136.90M | 136.87M | 136.23M | 84.41M | 84.05M | 83.67M |
| Working Capital | 1.52B | 1.52B | 518.00M | 554.00M | 577.00M | 302.00M |
| Book Value Per Share | 49.97 | 47.51 | 29.86 | 11.59 | 11.21 | 9.69 |
| Tangible Book Value | 1.43B | 1.06B | 2.04B | -1.17B | -1.25B | -1.30B |
| Tangible Book Value Per Share | 10.48 | 7.78 | 15.00 | -13.80 | -14.84 | -15.49 |
| Land | 2.08B | 739.00M | 669.00M | 645.00M | 627.00M | |
| Buildings | 4.70B | 1.31B | 1.26B | 686.00M | 687.00M | |
| Machinery | 1.38B | 1.14B | ||||
| Construction In Progress | 878.00M | 286.00M | 98.00M | 82.00M | 123.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 1.16B | 527.00M | 866.00M | 394.00M | 475.00M | 524.00M |
| Depreciation & Amortization | 946.00M | 688.00M | 368.00M | 187.00M | 193.00M | 177.00M |
| Other Amortization | 37.00M | 27.00M | 24.00M | 8.00M | 7.00M | 7.00M |
| Loss (Gain) From Sale of Assets | -5.00M | -6.00M | -541.00M | -7.00M | -13.00M | -14.00M |
| Loss (Gain) on Equity Investments | -1.00M | 53.00M | -60.00M | -5.00M | -4.00M | -4.00M |
| Stock-Based Compensation | 23.00M | 19.00M | 17.00M | 17.00M | 14.00M | 16.00M |
| Other Operating Activities | -73.00M | 265.00M | 75.00M | 127.00M | 23.00M | -144.00M |
| Change in Accounts Receivable | 212.00M | 212.00M | -192.00M | 29.00M | -312.00M | -231.00M |
| Change in Inventory | -275.00M | -275.00M | -265.00M | -182.00M | -172.00M | 38.00M |
| Change in Accounts Payable | -126.00M | -126.00M | 386.00M | -40.00M | 440.00M | 276.00M |
| Change in Other Net Operating Assets | 449.00M | -192.00M | -129.00M | 72.00M | -90.00M | -102.00M |
| Operating Cash Flow | 2.35B | 1.19B | 549.00M | 600.00M | 561.00M | 543.00M |
| Capital Expenditures | -688.00M | -577.00M | -344.00M | -215.00M | -186.00M | -174.00M |
| Sale of Property, Plant & Equipment | 24.00M | 28.00M | 23.00M | 31.00M | 32.00M | 34.00M |
| Cash Acquisitions | -2.49B | -2.26B | -197.00M | -111.00M | -318.00M | -256.00M |
| Divestitures | 987.00M | |||||
| Investment in Securities | -11.00M | -1.00M | 8.00M | 9.00M | 8.00M | 9.00M |
| Other Investing Activities | 14.00M | -2.00M | ||||
| Investing Cash Flow | -3.15B | -2.81B | 477.00M | -288.00M | -464.00M | -387.00M |
| Long-Term Debt Issued | 5.06B | 4.29B | 3.78B | 4.13B | 2.72B | |
| Long-Term Debt Repaid | -3.40B | -3.87B | -3.77B | -3.81B | -2.59B | |
| Net Debt Issued (Repaid) | 941.00M | 1.65B | 416.00M | 11.00M | 319.00M | 129.00M |
| Common Dividends Paid | -832.00M | -657.00M | -566.00M | -371.00M | -359.00M | -357.00M |
| Dividends Paid | -891.00M | -657.00M | -566.00M | -371.00M | -359.00M | -357.00M |
| Other Financing Activities | -59.00M | -57.00M | -27.00M | -5.00M | ||
| Financing Cash Flow | 1.46B | 2.41B | -961.00M | -365.00M | -40.00M | -228.00M |
| Net Cash Flow | 657.00M | 797.00M | 65.00M | -53.00M | 57.00M | -72.00M |
| Free Cash Flow | 1.66B | 615.00M | 205.00M | 385.00M | 375.00M | 369.00M |
| Free Cash Flow Margin | 4.19% | 2.44% | 0.90% | 1.67% | 1.46% | 2.10% |
| Free Cash Flow Per Share | 12.07 | 4.48 | 1.72 | 4.52 | 4.42 | 4.37 |
| Levered Free Cash Flow | 919.88M | 34.12M | 486.38M | 221.00M | 115.25M | 203.50M |
| Unlevered Free Cash Flow | 1.33B | 358.38M | 714.88M | 350.50M | 222.62M | 298.38M |
| Cash Interest Paid | 434.00M | 434.00M | 339.00M | 202.00M | 176.00M | 174.00M |
| Cash Income Tax Paid | 3.00M | 3.00M | 135.00M | 29.00M | 30.00M | 14.00M |
| Change in Working Capital | 260.00M | -381.00M | -200.00M | -121.00M | -134.00M | -19.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 9.59B | 9.86B | 7.00B | 5.04B | 3.61B | 3.40B |
| Enterprise Value | 23.66B | 18.17B | 14.73B | 9.13B | 7.33B | 6.78B |
| Last Close Price | 70.84 | 50.13 | 46.04 | 50.37 | 33.72 | 29.59 |
| PE Ratio | 15.45 | 31.50 | 9.77 | 16.20 | 9.09 | 7.63 |
| Forward PE | 6.85 | 6.96 | 7.89 | 12.21 | 10.42 | 9.54 |
| PS Ratio | 0.25 | 0.39 | 0.31 | 0.22 | 0.14 | 0.19 |
| PB Ratio | 1.42 | 1.23 | 1.72 | 5.15 | 3.83 | 4.20 |
| P/TBV Ratio | 6.76 | 9.26 | 3.42 | |||
| P/FCF Ratio | 5.84 | 16.03 | 34.13 | 13.09 | 9.63 | 9.22 |
| P/OCF Ratio | 4.13 | 8.27 | 12.74 | 8.40 | 6.43 | 6.27 |
| PEG Ratio | 0.36 | 0.29 | 1.75 | 2.08 | 2.38 | |
| EV/Sales Ratio | 0.60 | 0.72 | 0.65 | 0.40 | 0.28 | 0.39 |
| EV/EBITDA Ratio | 8.21 | 10.77 | 11.27 | 11.21 | 8.54 | 7.44 |
| EV/EBIT Ratio | 12.19 | 18.19 | 15.69 | 14.54 | 11.02 | 9.23 |
| EV/FCF Ratio | 14.32 | 29.55 | 71.86 | 23.72 | 19.54 | 18.38 |
| Debt / Equity Ratio | 1.78 | 1.85 | 1.97 | 4.21 | 4.37 | 4.68 |
| Debt / EBITDA Ratio | 4.87 | 8.41 | 6.00 | 4.66 | 4.47 | 3.91 |
| Debt / FCF Ratio | 8.94 | 24.15 | 39.02 | 10.68 | 10.99 | 10.29 |
| Net Debt / Equity Ratio | 1.69 | 1.74 | 1.94 | 4.18 | 4.29 | 4.65 |
| Net Debt / EBITDA Ratio | 4.86 | 8.28 | 6.05 | 5.01 | 4.71 | 4.13 |
| Net Debt / FCF Ratio | 8.47 | 22.71 | 38.56 | 10.61 | 10.77 | 10.22 |
| Asset Turnover | 1.78 | 1.18 | 2.14 | 3.38 | 4.07 | 3.18 |
| Inventory Turnover | 19.53 | 12.99 | 21.05 | 25.38 | 35.94 | 35.47 |
| Quick Ratio | 0.78 | 0.72 | 0.65 | 0.66 | 0.70 | 0.63 |
| Current Ratio | 1.29 | 1.38 | 1.27 | 1.40 | 1.41 | 1.34 |
| Return on Equity (ROE) | 18.66% | 8.73% | 34.64% | 41.04% | 54.19% | 72.63% |
| Return on Assets (ROA) | 5.50% | 2.92% | 5.54% | 5.75% | 6.57% | 8.29% |
| Return on Invested Capital (ROIC) | 7.48% | 5.27% | 9.19% | 11.46% | 13.19% | 15.83% |
| Return on Capital Employed (ROCE) | 7.90% | 4.10% | 7.60% | 11.50% | 12.30% | 14.90% |
| Earnings Yield | 6.47% | 5.34% | 12.38% | 7.82% | 13.16% | 15.40% |
| FCF Yield | 17.12% | 6.24% | 2.93% | 7.64% | 10.39% | 10.84% |
| Dividend Yield | 5.72% | 5.08% | 6.84% | 5.64% | 7.69% | 8.12% |
| Payout Ratio | 86.87% | 124.67% | 65.36% | 94.16% | 75.58% | 68.13% |
| Buyback Yield / Dilution | -0.34% | -14.96% | -40.25% | -0.34% | -0.43% | -0.86% |
| Total Shareholder Return | 5.32% | -9.88% | -33.41% | 5.30% | 7.26% | 7.26% |