Q1 25 EPS
$1.21
BEAT +2.57%
Est. $1.18
Q1 25 Revenue
$5.18B
MISS 7.17%
Est. $5.58B
vs S&P Since Q1 25
-7.7%
TRAILING MARKET
SUN +23.5% vs S&P +31.2%
Market Reaction
Did SUN Beat Earnings? Q1 2025 Results
Sunoco LP posted a mixed but strategically compelling first quarter for 2025, beating Wall Street's earnings expectations while falling short on revenue as the partnership's transformation into a diversified midstream operator took center stage. Dilu… Read more Sunoco LP posted a mixed but strategically compelling first quarter for 2025, beating Wall Street's earnings expectations while falling short on revenue as the partnership's transformation into a diversified midstream operator took center stage. Diluted EPS came in at $1.21, clearing the $1.18 consensus estimate by 2.57%, even as revenue slipped 5.8% year-over-year to $5.18 billion, missing the $5.58 billion consensus by 7.17%, a decline largely tied to the 2024 West Texas asset sale. The more telling metric was Adjusted EBITDA, which nearly doubled to $458 million from $242 million a year ago, reflecting the full-quarter contribution of the NuStar acquisition. Looking ahead, Sunoco's growth ambitions are unmistakably large, with the pending $9.10 billion acquisition of Parkland Corporation and the approximately €500 million purchase of German terminal operator TanQuid both expected to close in the second half of 2025 and be immediately accretive. The partnership also raised its quarterly distribution for the second consecutive quarter, keeping its target of at least 5% annual distribution growth for 2025 firmly in sight.
Key Takeaways
- • NuStar acquisition completed May 2024 drove Pipeline Systems segment from zero to $172 million Adjusted EBITDA
- • NuStar and Zenith European terminal acquisitions boosted Terminals segment Adjusted EBITDA from $24 million to $66 million
- • Fuel margin improvement to 11.5 cents per gallon from 10.9 cents per gallon year-over-year
- • West Texas asset sale in April 2024 reduced Fuel Distribution volumes but lowered expenses
- • Formation of ET-S Permian joint venture on July 1, 2024 contributed to Pipeline Systems growth
SUN YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
SUN Earnings Trends
SUN vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
SUN EPS Trend
Earnings per share: estimate vs actual
SUN Revenue Trend
Quarterly revenue: estimate vs actual
SUN Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $1.72 | $2.85 | +65.62% | $10.69B | +4.90% |
| Q4 25 MISS FY | $1.51 | $0.09 | -94.02% | $8.60B | -8.12% |
| FY Full Year | $4.21 | $2.28 | -45.86% | $25.20B | +9.40% |
| Q3 25 MISS | $1.35 | $0.64 | -52.48% | $6.03B | +4.94% |
| Q2 25 MISS | $1.37 | $0.33 | -75.93% | $5.39B | -2.70% |
| Q1 25 BEAT | $1.18 | $1.21 | +2.57% | $5.18B | -7.17% |