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Sunoco
(NYSE:SUN)
Sunoco (SUN) vs. SPDR S&P 500 ETF (SPY)
Sunoco Business Overview & Revenue Model
Sunoco Earnings Call Summary
Sunoco Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 21.87B | 22.69B | 23.07B | 25.73B | 17.60B | 10.71B |
| Gross Profit | 2.01B | 1.73B | 1.18B | 1.19B | 1.17B | 867.00M |
| EBITDA | 1.69B | 1.03B | 829.00M | 870.00M | 887.00M | 595.00M |
| Net Income | 402.00M | 716.00M | 311.00M | 397.00M | 446.00M | 135.00M |
Balance Sheet | ||||||
| Total Assets | 17.84B | 14.38B | 6.85B | 6.86B | 5.82B | 5.27B |
| Cash, Cash Equivalents and Short-Term Investments | 3.24B | 94.00M | 29.00M | 82.00M | 25.00M | 97.00M |
| Total Debt | 10.07B | 8.00B | 4.11B | 4.12B | 3.79B | 3.67B |
| Total Liabilities | 12.30B | 10.31B | 5.87B | 5.91B | 5.00B | 4.63B |
| Stockholders Equity | 5.54B | 4.07B | 978.00M | 942.00M | 811.00M | 632.00M |
Cash Flow | ||||||
| Free Cash Flow | 373.00M | 205.00M | 385.00M | 375.00M | 369.00M | 378.00M |
| Operating Cash Flow | 923.00M | 549.00M | 600.00M | 561.00M | 543.00M | 502.00M |
| Investing Cash Flow | -726.00M | 477.00M | -288.00M | -464.00M | -387.00M | -120.00M |
| Financing Cash Flow | 2.93B | -961.00M | -365.00M | -40.00M | -228.00M | -306.00M |
Sunoco Technical Analysis
Sunoco Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $4.03B | 7.58 | 18.26% | 8.11% | -3.51% | 3.75% | |
72 Outperform | $8.06B | 17.95 | 8.27% | 6.91% | -5.18% | -33.14% | |
68 Neutral | $8.73B | 22.83 | 4.07% | 4.27% | -9.55% | 27.65% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
60 Neutral | $2.96B | 17.23 | 21.78% | 9.76% | -7.21% | 135.72% | |
55 Neutral | $3.08B | -5.58 | -9.47% | 4.23% | -15.35% | -81.94% | |
49 Neutral | $1.89B | -3.76 | -115.95% | 3.32% | -22.37% | -27.22% |
Sunoco Corporate Events
On November 7, 2025, Sunoco completed its private exchange offers and consent solicitations for outstanding notes issued by Parkland Corporation, following the acquisition of Parkland on October 31, 2025. The exchange involved Canadian and U.S. dollar-denominated notes, with over 92% of Canadian notes and 99% of U.S. notes tendered. The exchange resulted in the issuance of new notes by Sunoco, which have similar terms to the original notes, and the elimination of certain restrictive covenants and default events from the original indentures. This strategic move is expected to streamline Sunoco’s financial operations and enhance its market position.
On November 5, 2025, Sunoco LP announced its financial and operating results for the third quarter of 2025, reporting a net income of $137 million, a significant increase from $2 million in the same quarter of 2024. The company also reported an Adjusted EBITDA of $496 million and a Distributable Cash Flow of $326 million. Sunoco completed the acquisition of Parkland Corporation and is on track to finalize the acquisition of TanQuid by the end of the year. The company increased its quarterly distribution by 1.25% and maintains a strong leverage ratio of 3.9 times, with a distribution coverage ratio of 1.8 times. These developments underscore Sunoco’s strategic growth and commitment to returning capital to its unitholders.
On October 31, 2025, Sunoco completed the acquisition of Parkland Corporation, with Parkland shares expected to be delisted from the Toronto Stock Exchange by November 4, 2025. The acquisition led to the issuance of SunocoCorp Common Units, which will start trading on the New York Stock Exchange on November 6, 2025. Additionally, Sunoco entered into an Omnibus Agreement with SunocoCorp to indemnify certain liabilities and provide administrative services, ensuring economic alignment between the two entities. The agreement includes provisions for cash distribution alignment and potential renegotiation in case of triggering events, impacting the company’s operations and positioning in the market.
On October 27, 2025, Sunoco LP announced its anticipated acquisition of Parkland Corporation, expected to close on October 31, 2025, pending customary closing conditions. Following the acquisition, SunocoCorp LLC’s common units will begin trading on the New York Stock Exchange under the ticker symbol ‘SUNC’ on November 3, 2025. This strategic move is set to enhance Sunoco’s market position by integrating Parkland’s operations, although it carries potential risks such as integration challenges and business disruptions.
On October 21, 2025, Sunoco LP announced the results of early participation in its private exchange offers and consent solicitations for outstanding notes issued by Parkland Corporation. As of October 20, 2025, approximately 84.5% of the Canadian dollar denominated notes and 98.6% of the U.S. dollar denominated notes had been validly tendered and not withdrawn. The deadline for holders to tender their PKI Notes and receive new notes, including an early participation premium, has been extended to November 4, 2025. This move is part of Sunoco’s strategic financial operations and could impact its market positioning by potentially improving its debt structure and stakeholder relations.
On October 20, 2025, Sunoco LP announced a 1.25% increase in its quarterly cash distribution to $0.9202 per common unit for the quarter ended September 30, 2025, marking the fourth consecutive quarterly increase. This decision aligns with Sunoco’s capital allocation strategy and its 2025 business outlook, which targets an annual distribution growth rate of at least 5%. The distribution will be paid on November 19, 2025, to unitholders of record as of October 30, 2025, reflecting the company’s ongoing commitment to returning capital to its unitholders.
On October 14, 2025, Sunoco LP and Parkland Corporation announced that the Government of Canada approved Sunoco’s acquisition of Parkland, in line with the Investment Canada Act. The acquisition, initially disclosed in May 2025, is expected to close in the fourth quarter of 2025, pending remaining regulatory approvals and customary closing conditions. This strategic move positions Sunoco to expand its market presence and leverage synergies with Parkland’s established network and capabilities, potentially enhancing value creation for stakeholders.
On October 3, 2025, Sunoco entered into Amendment No. 4 to its Third Amended and Restated Credit Agreement, allowing for new notes issuance and excluding certain subsidiaries from guarantee obligations. On October 6, 2025, Sunoco commenced private exchange offers for Parkland’s outstanding notes, aiming to exchange them for new notes issued by Sunoco and cash. The exchange offers include consent solicitations to amend the indentures governing the notes, potentially impacting Sunoco’s financial strategy and stakeholder interests.
On September 22, 2025, Sunoco LP and Parkland Corporation announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, a key regulatory step in Sunoco’s acquisition of Parkland. This development is crucial for the completion of the acquisition, expected in the fourth quarter of 2025, pending further regulatory approvals and customary closing conditions. The acquisition is anticipated to impact Sunoco and Parkland’s business operations and industry positioning, with potential risks and uncertainties outlined in their respective filings.
On September 18, 2025, Sunoco completed a private offering of senior notes totaling $1.9 billion to fund the Parkland Acquisition and reduce borrowings under its revolving credit facility. The notes, due in 2031 and 2034, are senior unsecured obligations and are subject to special mandatory redemption if the acquisition is not completed by May 5, 2026. Additionally, Sunoco closed a private offering of Series A Preferred Units, raising $1.476 billion to further support the acquisition and general corporate purposes. These financial maneuvers are aimed at strengthening Sunoco’s market position and operational capabilities.
On September 4, 2025, Sunoco LP entered into a purchase agreement with RBC Capital Markets, LLC and Barclays Capital Inc. for the sale of 1,500,000 Series A Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Units, expected to generate $1.5 billion in gross proceeds. The offering is set to settle on September 18, 2025, and the units, which are not convertible or exchangeable, will not grant voting rights to holders except under specific conditions.