The earnings call reflects strong financial performance with record-breaking metrics, positive growth outlook, and successful integration of acquisitions. However, there are challenges with decreased fuel margins and ongoing regulatory approvals for future acquisitions.

Company Guidance -

Q3 2025

During the second quarter of 2025, Sunoco LP delivered record performance with an adjusted EBITDA of $464 million, excluding $10 million in one-time transaction-related expenses, and distributable cash flow as adjusted of $300 million. The partnership invested approximately $120 million in growth capital and $40 million in maintenance capital, maintaining its path toward a projected capital spend of at least $400 million for growth and approximately $150 million for maintenance in 2025. As of the end of the quarter, Sunoco's $1.5 billion revolving credit facility had $200 million in outstanding borrowings, with leverage just under 4.2x. The company declared a second-quarter distribution of $0.9088 per common unit, marking a 1.25% increase from the previous quarter, resulting in a trailing 12-month coverage ratio of 1.9x. Sunoco remains on track for a 2025 EBITDA guidance, maintaining a robust financial position and projecting continued growth in distributable cash flow per unit, supporting ongoing distribution increases and further expansion.

Record Second Quarter Performance

Sunoco LP delivered a record second quarter with adjusted EBITDA of $464 million and distributable cash flow as adjusted of $300 million.

Strong Financial Position

Declared a distribution increase for the third consecutive quarter with a 1.25% rise, leading to an annualized distribution of $3.63 per common unit and a trailing 12-month coverage ratio of 1.9x.

Growth Capital Investment

Spent $120 million on growth capital and $40 million on maintenance capital in Q2, with a plan to meet the 2025 projected capital spend of at least $400 million for growth and $150 million for maintenance.

Fuel Distribution Segment Growth

Adjusted EBITDA was $214 million, with volumes up 5% from last quarter. Despite flat volumes compared to last year, there is strong performance expected in the second half of the year.

Pipeline and Terminal Segments Performance

Pipeline Systems segment saw EBITDA increase to $177 million from $172 million last quarter. Terminal segment EBITDA increased to $73 million from $66 million in Q1.

Successful NuStar Acquisition

The acquisition has greatly enhanced the scale and efficiency of the Pipeline and Terminal segments, expected to deliver double-digit accretion.

Positive Outlook for 2025

Sunoco is on track to achieve full-year EBITDA guidance with expectations of continued strong performance across all segments.

Upcoming Acquisitions

Anticipated closing of TanQuid acquisition in Q4 and strong shareholder endorsement for the Parkland acquisition, expected to deliver double-digit accretion.

Sunoco (SUN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SUN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	1.33 / -	-0.26	―	―	―
Aug 06, 2025	2025 (Q2)	1.26 / 0.43	3.85	-88.78% (-3.42)	―
May 06, 2025	2025 (Q1)	1.13 / 1.32	2.448	-46.08% (-1.13)	―
Feb 11, 2025	2024 (Q4)	1.33 / 0.80	-1.345	159.55% (+2.15)	―
Nov 06, 2024	2024 (Q3)	1.35 / -0.26	3.15	-108.25% (-3.41)	―
Aug 07, 2024	2024 (Q2)	1.23 / 3.85	1.023	276.34% (+2.83)	―
May 08, 2024	2024 (Q1)	1.31 / 2.45	1.41	73.62% (+1.04)	―
Feb 14, 2024	2023 (Q4)	1.14 / -1.34	0.608	-321.22% (-1.95)	―
Nov 01, 2023	2023 (Q3)	1.23 / 3.15	0.978	222.09% (+2.17)	―
Aug 02, 2023	2023 (Q2)	1.23 / 1.02	1.165	-12.19% (-0.14)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SUN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$52.57	$51.96	-1.16%
May 06, 2025	$52.77	$51.97	-1.52%
Feb 11, 2025	$54.79	$55.44	+1.19%
Nov 06, 2024	$49.88	$50.91	+2.06%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Sunoco LP (SUN) report earnings?

Sunoco LP (SUN) is schdueled to report earning on Oct 29, 2025, After Close (Confirmed).

What is Sunoco LP (SUN) earnings time?

Sunoco LP (SUN) earnings time is at Oct 29, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is SUN EPS forecast?

SUN EPS forecast for the fiscal quarter 2025 (Q3) is 1.33.

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