Sunoco LP (SUN)
NYSE:SUN
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Earnings Data
Report Date
Aug 05, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.15Last Year’s EPS
0.43Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted strong operational and financial momentum driven by acquisitions (Parkland, Tankwood), significant volume growth in fuel distribution, robust adjusted EBITDA ($867M) and distributable cash flow ($535M), and a meaningful distribution increase with a healthy coverage ratio and liquidity position. Offsetting items include a sizable one-time inventory gain (~$102M) that materially aided the quarter, commodity-driven margin compression and temporary refinery throughput reduction from a planned turnaround, and modest sequential softness in pipeline EBITDA. Management emphasized confidence in delivering full-year guidance even excluding the one-time inventory benefit and noted on-track synergy capture and accretive M&A, supporting a constructive outlook.Company Guidance
Strong Consolidated Adjusted EBITDA
Reported adjusted EBITDA of $867 million for Q1 2026 (excluding approximately $9 million of one-time transaction expenses), driven by operational performance and inventory optimization.
One-time Inventory Gain
Realized a one-time gain on sale/optimization of inventory of approximately $102 million (Karl: $92 million benefit in fuel distribution and $10 million in refining), unlocking cash to reinvest in growth.
Robust Distributable Cash Flow and Distribution Increase
Distributable cash flow as adjusted of $535 million; declared a quarterly distribution of $0.9899 per unit, a 6.25% increase (5% step-up plus 1.25% quarterly), noted as >10% higher versus Q1 2025; trailing 12-month coverage ratio 1.9x and multiyear distribution growth target of at least 5%.
Material Volume and Fuel Distribution Growth
Fuel distribution adjusted EBITDA of $538 million (vs $391 million last quarter and $220 million in Q1 2025). Distributed 3.8 billion gallons (+15% vs last quarter; +82% vs Q1 2025); legacy Sunoco volumes up ~6% year-over-year.
Terminal and Pipeline Strength
Terminals adjusted EBITDA of $107 million (up from $87 million last quarter and $66 million Q1 2025) with ~1.0 million bpd throughput; Pipeline Systems adjusted EBITDA of $179 million with ~1.3 million bpd throughput, providing steady midstream income.
Accretive M&A and Geographic Expansion
Closed Tankwood acquisition (Jan 16), making Sunoco the largest independent terminal operator in Germany with 16 assets across Germany and Poland; full-quarter contribution from Parkland and multiple bolt-on deals—on track for >$500 million of bolt-on M&A in 2026 (almost $200 million closed/signed so far).
Synergies and Capital Discipline
On track to deliver $125 million in-year synergies from Parkland integration and targeting a run-rate of $250 million+; spent $106 million growth capex and $93 million maintenance capex in the quarter; liquidity strong with $2.2 billion revolver availability and leverage ~4x (in line with target).
Refinery Turnaround Completed On Time and On Budget
Completed planned 50-day Burnaby refinery turnaround on time and on budget; refinery outperformance into higher cracks and updated monthly indicator crack posted for transparency.
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 |
|---|---|---|---|
May 05, 2026 | $67.26 | $68.69 | +2.12% |
Feb 17, 2026 | $58.64 | $59.61 | +1.65% |
Sep 30, 2025 | $47.32 | $47.66 | +0.70% |
Aug 06, 2025 | $50.10 | $49.52 | -1.16% |
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 Aug 05, 2026, After Close (Confirmed).
What is Sunoco LP (SUN) earnings time?
Sunoco LP (SUN) earnings time is at Aug 05, 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 (Q2) is 2.15.