Sunoco LP
sunocolp.comWhat Do They Do?
Distributes motor fuels and other petroleum products to independent fuel operators and commercial customers, and sells fuel and merchandise to motorists at its convenience stores. Transports crude oil, refined products and ammonia through pipelines and provides storage and handling services to energy customers.
10-K for FY2025, filed Feb 19, 2026We are a distributor of motor fuels and other petroleum products that we supply to customers that include third-party dealers and…View ↗
Our Pipeline Systems segment includes an integrated pipeline and terminal network comprised of approximately 6,000 miles of refined product…View ↗
Through our Terminals segment, we operate four transmix processing facilities and 83 terminals (two in Europe, six in Hawaii, nine in…View ↗
How Do They Make Money?
Fuel and product customers are invoiced at agreed prices, usually with payment due in under 30 days; fuel sales are completed when customers take delivery or shipment occurs. Pipeline and terminal services earn transport, storage and per-volume fees, while leases bring rent over the lease term.
10-K for FY2025, filed Feb 19, 2026Revenues from our Fuel Distribution segment are derived from the sale of fuel, non-fuel and lease income. Fuel sales consist primarily of…View ↗
Revenues from our Pipeline Systems segment are derived from interstate and intrastate pipeline transportation of refined products, crude…View ↗
Revenues from our Terminals segment include fees for tank storage agreements, under which a customer agrees to pay for a certain amount of…View ↗
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10-K for FY2025, filed Feb 19, 2026
FY2025 revenue by product or service ↗
$25.2B
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10-K for FY2025, filed Feb 19, 2026
$25.2B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Sales revenue
Sold outright
10-K for FY2025, filed Feb 19, 2026 |
94%
FY2022: 99%
|
Sales revenue, FY2025
$23.7B Sources
|
Sold outright |
|
Service revenue
|
5.4%
FY2022: 0.9%
|
Service revenue, FY2025
$1.4B Sources
|
|
|
Lease revenue
Recurring
|
0.5%
FY2022: 0.6%
|
Lease revenue, FY2025
$130M Sources
|
Recurring |
Who Are Their Customers?
Independent dealers and distributors buy fuel directly under supply agreements; commercial and government customers buy fuel in bulk or by load. Consumers buy fuel and merchandise at company-operated stores and commission-agent locations.
10-K for FY2025, filed Feb 19, 2026In 2025, we distributed fuel under long-term contracts to our approximately 9,200 dealer and distributor customers. These customers buy…View ↗
We distribute unbranded fuel to numerous other customers, including retail facilities and commercial businesses, municipalities and a…View ↗
Sunoco owns and operates convenience retail facilities in desirable markets including Hawaii, certain markets of the US mainland and on the…View ↗
10-K for FY2025, filed Feb 19, 2026
The Partnership is party to a 15-year take-or-pay fuel supply agreement with 7-Eleven, Inc. and SEI Fuel Services, Inc. (collectively, the…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 2 cents of every revenue dollar as net income in FY2025.
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 6, 2026
Open tableView ↗
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Sep 3, 2026
Moves common-unit listing to the Texas Stock Exchange
NYSE trading is expected to end at market close on October 2, with trading on the new exchange beginning October 5.
Sources
8-K, filed Sep 10, 2026
DALLAS, September 10, 2026 – Sunoco LP (NYSE: SUN) (“SUN”) and SunocoCorp LLC (NYSE: SUNC) (“SUNC”) announced today that they will transfer…View ↗
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Aug 4, 2026
Raises full-year guidance for adjusted earnings before interest, taxes, depreciation and amortization
The 2026 range rose by $400 million to $3.5 billion–$3.7 billion.
Sources
8-K, filed Aug 4, 2026
Reports strong second quarter results, including net income of $283 million, Adjusted EBITDA(1) of $996 million, excluding one-time…View ↗
Added refining
The latest report describes the Burnaby refinery, acquired with Parkland, which produces gasoline, diesel and jet fuel; the older report described a business centered on motor-fuel distribution, commission-agent sites and retail stores.
10-K for FY2022, filed Feb 17, 2023 10-K for FY2025, filed Feb 19, 2026We are primarily engaged in the distribution of motor fuels to independent dealers, distributors, and other commercial customers and the…View ↗
Fuel Distribution. Our Fuel Distribution segment supplies motor fuel to independently-operated dealer stations, distributors, commission…View ↗
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