Education
About Us
Working with TipRanks
Follow Us
Sunoco LP (SUN)
NYSE:SUN
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.41Last Year’s EPS
1.32Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple material achievements: record quarterly and annual adjusted EBITDA, significant pro forma volume and margin gains in fuel distribution driven by the Parkland acquisition, strong Q4 distributable cash flow, robust liquidity ($2.5B revolver availability) and a clear 2026 growth plan (guidance $3.1B–$3.3B, $125M synergy capture, at least $500M/year bolt-on M&A). Lowlights were present but mostly execution- and integration-related (one-time transaction costs, a planned refinery turnaround raising near-term maintenance capex and temporary disruption risk, margin variability, and dependence on synergy delivery). Overall, positives — including record results, clear capital allocation, and solid liquidity — materially outweigh the risks identified on the call.Company Guidance
Record Fourth Quarter Adjusted EBITDA
Reported record adjusted EBITDA of $706,000,000 in Q4 2025 (excluding ~ $60,000,000 of one-time transaction expenses).
Record Full-Year Adjusted EBITDA and Strong YoY Growth
Full-year 2025 adjusted EBITDA (ex transaction expenses) was a record $2,120,000,000, a 36% increase versus prior year.
Strong Distributable Cash Flow and Distribution Increase
Q4 distributable cash flow as adjusted was $442,000,000. Declared distribution of $0.9317 per common unit, a 1.25% quarter-over-quarter increase and the fifth consecutive quarterly raise; trailing twelve-month coverage ratio finished at 1.9x.
Substantial Fuel Distribution Volume and Margin Expansion
Fuel distribution distributed 3.3 billion gallons in Q4, up 44% versus prior quarter and up 54% versus Q4 2024. Reported margin (CPG) expanded to 17.7¢/gal in the quarter versus 10.6¢/gal for 2024, driven by Parkland contribution and higher-margin geographies.
Segment-Level Strength — Pipelines and Terminals
Pipeline systems Q4 adjusted EBITDA $187,000,000 with throughput ~1.4M barrels/day (up vs prior quarter and flat YoY). Terminal segment Q4 adjusted EBITDA $87,000,000 with throughput ~715,000 bpd, both up YoY and QoQ, bolstered by Parkland terminals.
Refining Performance Improving Under New Ownership
New refining segment delivered Q4 adjusted EBITDA of $41,000,000 (two months of Parkland operations). Management reports improved refinery performance in 2025 and plans to stabilize and improve operations supporting Western Canada distribution.
Balance Sheet and Liquidity Strength
Ended the year with $2,500,000,000 available on the revolving credit facility and leverage at ~4.0x, in line with long-term target and described as stronger than at any time in company history.
Clear 2026 Growth and Synergy Targets
2026 adjusted EBITDA guidance of $3.1B–$3.3B. Expect to realize $125,000,000 of a $250,000,000 annual synergy target in 2026, with integration progressing well.
Defined Capital Allocation and M&A Growth Runway
Management expects maintenance capex $400M–$450M in 2026 (including refinery turnaround), a portfolio of at least $600,000,000 of quick-spend, quick-return projects, and a disclosed floor of at least $500,000,000 of bolt-on acquisitions annually.
Strategic Scale Expansion and Geographic Diversification
Closed Parkland and Tancwood transactions, expanding operations to 32 countries/territories and becoming the largest independent fuel distributor in the Americas; management views Parkland as accretive and a long-term 'home run.'
SUN Earnings History
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 |
|---|---|---|---|
Feb 17, 2026 | $59.51 | $60.49 | +1.65% |
Sep 30, 2025 | $48.02 | $48.36 | +0.70% |
Aug 06, 2025 | $50.84 | $50.25 | -1.16% |
May 06, 2025 | $51.03 | $50.26 | -1.52% |
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 May 06, 2026, After Close (Confirmed).
What is Sunoco LP (SUN) earnings time?
Sunoco LP (SUN) earnings time is at May 06, 2026, 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 2026 (Q1) is 1.41.