SUN

MKT CAP:$9B

Sunoco LP

Market Cap

$9B

Energy·Oil & Gas Refining & Marketing·🇺🇸 United States·NYSE

Energy·Oil & Gas Refining & Marketing·🇺🇸·NYSE

Stock Price

$66.10+$13.37 (+25.36%)

Apr 22, 2026

Company Details

Sunoco LP, together with its subsidiaries, distributes and retails motor fuels in the United States. It operates in two segments, Fuel Distribution and Marketing, and All Other. The Fuel Distribution and Marketing segment purchases motor fu...

CEO

Joseph Kim

IPO Date

Sep 20, 2012

Website

www.sunocolp.com

Key Metrics TTM

Revenue

$19.4B

+11.9% YoY

Net Income

$533M

EPS (Diluted)

$4.32

Free Cash Flow

$342M

Revenue / Share

$164.32

Gross Margin

5.7%

Operating Margin

2.1%

Net Margin

2.7%

FCF Margin

1.8%

P/S

0.5x

P/E

16.7x

Earnings Reports

Q3 2024

May 5, 2026

PENDING

FY 2025

Feb 19, 2026

$25.2BEPS $3.66

Q2 2024

Aug 8, 2024

$6.2BEPS $3.85

Q4 2023

Feb 16, 2024

$5.6BEPS -$1.50

Q3 2021

Nov 4, 2021

$4.8B+70.4%EPS $1.00

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 16	$3.2B	$421M	$555M
Q2 16	$2.1B	$502M	$104M
Q4 16	$4.3B	$478M	-$568M
Q1 17	$2.8B	$256M	$56M
Q2 17	$2.9B	$223M	-$20M
Q3 17	$3.1B	$282M	$128M
Q4 17	$4.4B	$426M	$114M
Q1 18	$3.7B	$247M	$96M
Q2 18	$4.6B	$269M	$128M
Q3 18	$4.8B	$291M	$159M
Q4 18	$3.9B	$133M	-$38M
Q4 19	$4.1B	$239M	$98M
Q3 20	$2.8B	$258M	$147M
Q3 21	$4.8B	$262M	$153M
Q4 23	$5.6B	$103M	-$43M
Q2 24	$6.2B	$487M	$150M

Valuation

Quarter	P/S	P/E
Q1 16	—	—
Q2 16	—	—
Q4 16	—	—
Q1 17	0.7x	—
Q2 17	0.7x	—
Q3 17	0.7x	—
Q4 17	0.7x	59.9x
Q1 18	0.6x	—
Q2 18	0.6x	72.6x
Q3 18	0.5x	92.0x
Q4 18	0.5x	—
Q4 19	0.5x	46.7x
Q3 20	0.6x	40.0x
Q3 21	0.6x	41.5x
Q4 23	0.5x	55.4x
Q2 24	0.5x	16.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 16	$162M	$52M
Q2 16	$37M	-$64M
Q4 16	$220M	$60M
Q1 17	$108M	$29M
Q2 17	$43M	$31M
Q3 17	$316M	$285M
Q4 17	-$28M	-$90M
Q1 18	-$45M	-$65M
Q2 18	-$178M	-$192M
Q3 18	$18M	-$12M
Q4 18	$168M	$127M
Q4 19	$141M	$96M
Q3 20	$207M	$186M
Q3 21	$237M	$193M
Q4 23	$186M	$103M
Q2 24	-$70M	-$140M

Capital Expenditures

Quarter	CapEx
Q1 16	$111M
Q2 16	$101M
Q4 16	$161M
Q1 17	$79M
Q2 17	$12M
Q3 17	$31M
Q4 17	$62M
Q1 18	$20M
Q2 18	$14M
Q3 18	$30M
Q4 18	$41M
Q4 19	$45M
Q3 20	$21M
Q3 21	$44M
Q4 23	$83M
Q2 24	$70M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 17	-9.7%	+10.0%
Q3 17	+44.3%	+45.4%
Q4 17	+2.0%	-12.2%
Q1 18	+33.5%	+32.7%
Q2 18	+59.3%	+53.8%
Q3 18	+55.4%	+56.7%
Q4 18	-11.7%	-8.5%
Q4 19	+9.3%	+9.5%
Q3 20	-39.1%	-40.7%
Q3 21	+0.4%	+0.5%
Q4 23	+45.5%	+45.2%
Q2 24	+50.7%	+50.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 16	$3M	0.1%
Q2 16	$4M	0.2%
Q4 16	$4M	0.1%
Q1 17	$4M	0.1%
Q2 17	$5M	0.2%
Q3 17	$9M	0.3%
Q4 17	$6M	0.1%
Q1 18	$3M	0.1%
Q2 18	$3M	0.1%
Q3 18	$4M	0.1%
Q4 18	$2M	0.1%
Q4 19	$3M	0.1%
Q3 20	$4M	0.1%
Q3 21	$5M	0.1%
Q4 23	$4M	0.1%
Q2 24	$4M	0.1%

OpEx Breakdown

Quarter	G&A
Q1 16	$79M
Q2 16	$109M
Q4 16	$102M
Q1 17	$98M
Q2 17	$52M
Q3 17	$43M
Q4 17	$81M
Q1 18	$50M
Q2 18	$53M
Q3 18	$54M
Q4 18	$56M
Q4 19	$51M
Q3 20	$44M
Q3 21	$43M
Q4 23	$51M
Q2 24	$151M

Revenue Segments

Quarter	Lease revenue	Sales revenue	Service revenue
Q2 24	$30M	$5.9B	$293M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$104M	$0	$104M
Q2 22	$168M	$0	$168M
Q3 22	$196M	$0	$196M
Q4 22	$82M	$0	$82M
Q1 23	$189M	$0	$189M
Q2 23	$239M	$0	$239M
Q3 23	$256M	$0	$256M
Q4 23	$29M	$0	$29M
Q1 24	$215M	$0	$215M
Q2 24	$226M	$0	$226M
Q3 24	$116M	$0	$116M
Q4 24	$94M	$0	$94M
Q1 25	$172M	$0	$172M
Q2 25	$116M	$0	$116M
Q3 25	$3.2B	$0	$3.2B
Q4 25	$891M	$0	$891M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 16	87M	—	—
Q2 16	95M	+9.1%	—
Q4 16	95M	-0.1%	—
Q1 17	99M	+3.5%	—
Q2 17	100M	+1.2%	+14.2%
Q3 17	100M	+0.2%	+4.9%
Q4 17	99M	-0.6%	+4.3%
Q1 18	90M	-9.2%	-8.6%
Q2 18	83M	-8.1%	-17.0%
Q3 18	83M	+0.2%	-17.0%
Q4 18	83M	+0.2%	-16.3%
Q4 19	84M	+0.6%	-7.3%
Q3 20	84M	+0.1%	+1.0%
Q3 21	85M	+0.9%	+1.8%
Q4 23	84M	-0.5%	+1.1%
Q2 24	118M	+40.3%	+41.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 16	$270.2K	12K
Q2 16	$179.2K	12K
Q4 16	$191.4K	23K
Q1 17	$124.8K	23K
Q2 17	$128.5K	23K
Q3 17	$136.2K	23K
Q4 17	$674.5K	7K
Q1 18	$575.6K	7K
Q2 18	$707.4K	7K
Q3 18	$731.0K	7K
Q4 18	$1M	4K
Q4 19	$1M	3K
Q3 20	$964.2K	3K
Q3 21	$2M	3K
Q4 23	$2M	2K
Q2 24	$3M	2K

Revenue / Employee