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Sunoco ( (SUN) ) has issued an update.
Sunoco LP and SunocoCorp LLC reported a strong first quarter of 2026 on May 5, 2026, with net income surging to $644 million from $207 million a year earlier and Adjusted EBITDA rising to $867 million, excluding one-time transaction expenses. Distributable cash flow, as adjusted, climbed to $535 million, supported by robust performance across fuel distribution, pipelines, terminals and refinery operations, despite a planned refinery turnaround.
The partnership raised its quarterly distribution by 6.25% to $0.9899 per unit, marking its sixth consecutive quarterly increase and more than 10% growth versus the first quarter of 2025. Sunoco also completed the acquisition of TanQuid, continued to invest heavily with $199 million in capital spending, and maintained a leverage ratio of about 4.0 times with $2.2 billion of available liquidity, underscoring its capacity to fund growth while sustaining rising payouts to unitholders.
The most recent analyst rating on (SUN) stock is a Buy with a $76.00 price target. To see the full list of analyst forecasts on Sunoco stock, see the SUN Stock Forecast page.
Spark’s Take on SUN Stock
According to Spark, TipRanks’ AI Analyst, SUN is a Neutral.
The score is driven primarily by improved 2025 scale and cash generation but constrained by thin margins and elevated leverage. The latest earnings call was a meaningful positive (record results and stronger 2026 outlook), while technical signals are neutral and valuation is reasonable with a moderate dividend yield.
To see Spark’s full report on SUN stock, click here.
More about Sunoco
Sunoco LP is a Dallas-based energy infrastructure and fuel distribution master limited partnership operating across 32 countries and territories in North America, the Greater Caribbean and Europe. Its network spans more than 14,000 miles of pipelines and over 160 terminals, supporting annual distribution of over 15 billion gallons of fuel to about 11,000 Sunoco and partner-branded retail sites, independent dealers and commercial customers.
Sunoco’s general partner is owned by Energy Transfer LP, and SunocoCorp LLC is a publicly traded vehicle that holds a limited partner interest in Sunoco LP. Both SUN and SUNC are headquartered in Dallas, Texas, and SunocoCorp consolidates Sunoco LP’s results into its own financial statements, reinforcing the group’s integrated energy and fuel logistics platform.
Average Trading Volume: 475,857
Technical Sentiment Signal: Buy
Current Market Cap: $13.98B
See more data about SUN stock on TipRanks’ Stock Analysis page.