Q2 25 EPS
$0.33
MISS 75.93%
Est. $1.37
Q2 25 Revenue
$5.39B
MISS 2.70%
Est. $5.54B
vs S&P Since Q2 25
+5.0%
BEATING MARKET
SUN +20.9% vs S&P +15.9%
Market Reaction
Did SUN Beat Earnings? Q2 2025 Results
Sunoco LP delivered a headline miss in Q2 2025, with earnings per unit of $0.33 falling sharply short of the $1.37 consensus estimate, a gap of 75.93%, while revenue of $5.39 billion trailed expectations by 2.70% and declined 12.7% year over year. Th… Read more Sunoco LP delivered a headline miss in Q2 2025, with earnings per unit of $0.33 falling sharply short of the $1.37 consensus estimate, a gap of 75.93%, while revenue of $5.39 billion trailed expectations by 2.70% and declined 12.7% year over year. The steep drop in reported net income, to $86.00 million from $501.00 million in Q2 2024, is largely explained by the prior-year period's $598.00 million gain tied to the West Texas asset sale, a one-time tailwind that skewed the year-ago comparison. Strip that out, and the underlying story looks considerably healthier; Adjusted EBITDA excluding transaction costs climbed to $464.00 million from $400.00 million, fueled by Pipeline Systems tripling its contribution to $177.00 million as NuStar integration costs faded and the ET-S Permian joint venture came online. Sunoco reaffirmed full-year 2025 Adjusted EBITDA guidance of $1.90 billion to $1.95 billion, and the pending $9.1 billion Parkland acquisition, approved by more than 93% of shareholders, remains on track to close in Q4 2025.
Key Takeaways
- • Pipeline Systems and Terminals segments benefited from full-quarter contribution of NuStar assets acquired May 2024
- • Formation of ET-S Permian joint venture added $48 million to Pipeline Systems Adjusted EBITDA
- • Transaction-related expenses declined significantly to $10 million from $80 million year-over-year
- • Fuel Distribution segment pressured by lower fuel margins of 10.5 cents per gallon versus 11.8 cents in Q2 2024
- • Fuel volumes remained stable at 2.2 billion gallons despite West Texas asset divestiture
SUN YoY Financials
Q2 2025 vs Q2 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% |