SunocoCorp LLC
nustargpholdings.comWhat Do They Do?
Distributes motor fuel and other petroleum products to dealers, distributors and commercial customers, and operates pipelines, terminals and a refinery.
10-K for FY2025, filed Feb 19, 2026Our business is comprised of four reportable segments: Fuel Distribution, Pipeline Systems, Terminals and Refinery.View ↗
We are a distributor of motor fuels and other petroleum products that we supply to customers that include third-party dealers and…View ↗
Pipeline Systems SegmentView ↗
Terminals SegmentView ↗
Refinery SegmentView ↗
How Do They Make Money?
Most money comes from product sales, principally motor fuel. Fuel customers are invoiced at an agreed price, with most payment terms under 30 days; pipeline and terminal customers pay transportation, storage and throughput fees, and lease income is earned over lease terms.
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 ↗
Partnership is precluded from redirecting the shipment to another customer and revenue is recognized. Non-fuel revenue includes merchandise…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% |
Sales revenue, FY2025
$23.7B Sources
|
Sold outright |
|
Service revenue
Mix
|
5.4% |
Service revenue, FY2025
$1.4B Sources
|
Mix |
|
Lease revenue
Recurring
|
0.5% |
Lease revenue, FY2025
$130M Sources
|
Recurring |
Who Are Their Customers?
Dealers and distributors buy fuel directly under long-term supply agreements; commission agents operate locations where Sunoco controls the fuel inventory and price. Commercial and government customers buy fuel by the load or in bulk, while company-operated stores sell fuel and merchandise to consumers.
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 ↗
During 2025, our Fuel Distribution business distributed fuel to approximately 1,300 commission agent locations. Under these arrangements…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?
No. It lost $5M in FY2025.
10-K for FY2025, filed Feb 19, 2026
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 6, 2026
Open tableView ↗
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Sep 3, 2026
Moves unit listing from NYSE to TXSE
Trading on the NYSE is expected to end October 2, 2026, with TXSE trading beginning October 5, 2026.
Sources
8-K, filed Sep 10, 2026
On September 3, 2026, SunocoCorp LLC (the “Company”) approved the voluntary withdrawal of the common units representing limited liability…View ↗
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Aug 4, 2026
Raises full-year Adjusted EBITDA guidance
Raises full-year 2026 guidance by $400 million to $3.5 billion to $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 ↗
Growing.
Revenue grew 9% in 2 years, from $23.1B in FY2023 to $25.2B in FY2025, about 5% a year.
10-K for FY2025, filed Feb 19, 2026
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