Sunoco (SUN) Q2 2025 Earnings
How Did SUN Stock React to Q2 2025 Earnings?
Did SUN Beat Earnings? Q2 2025 Results
No. Sunoco reported Q2 2025 earnings of $0.33 a share on Aug 6, 2025, missing the $1.37 consensus estimate by 75.9%. Revenue was $5.4B against a $5.5B estimate.
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.
- 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
What Was Sunoco's Outlook in Q2 2025?
Sunoco LP reaffirmed its full-year 2025 Adjusted EBITDA guidance of $1.90 billion to $1.95 billion, excluding one-time transaction-related expenses. The Partnership targets annual distribution growth of at least 5% for 2025. The Parkland merger received shareholder approval with over 93% of votes in favor and remains on schedule to close in Q4 2025, subject to customary regulatory and stock exchange listing approvals.
SUN YoY Financials
| Metric | Q2 2025 | Q2 2024 | Year over year |
|---|---|---|---|
| Revenue | $5.4B | $6.2B | −12.7% |
| Gross Profit | $416.0M | $487.0M | −14.6% |
| Operating Income | $203.0M | $150.0M | +35.3% |
| Net Income | $86.0M | $455.0M | −81.1% |
Figures from SEC filings and company reports. Not investment advice.