Q3 25 EPS
$0.64
MISS 52.48%
Est. $1.35
Q3 25 Revenue
$6.03B
BEAT +4.94%
Est. $5.75B
vs S&P Since Q3 25
+12.1%
BEATING MARKET
SUN +21.5% vs S&P +9.4%
Market Reaction
Did SUN Beat Earnings? Q3 2025 Results
Sunoco LP delivered a mixed third quarter for 2025, posting earnings per unit of $0.64 that fell well short of the $1.35 consensus estimate, a miss of 52.48%, even as revenue of $6.03 billion beat expectations by 4.94% and climbed 4.9% from the year-… Read more Sunoco LP delivered a mixed third quarter for 2025, posting earnings per unit of $0.64 that fell well short of the $1.35 consensus estimate, a miss of 52.48%, even as revenue of $6.03 billion beat expectations by 4.94% and climbed 4.9% from the year-ago period. The sharp EPS shortfall was largely tied to costs surrounding the transformative acquisition of Parkland Corporation, completed during the quarter, which weighed on the Fuel Distribution segment where profit per gallon slipped to 10.7 cents from 12.8 cents a year earlier. Offsetting that pressure, the Pipeline Systems segment was a clear bright spot, with Adjusted EBITDA rising to $182.00 million from $136.00 million, driven by recovering throughput volumes and stronger contributions from the ET-S Permian joint venture. Overall Adjusted EBITDA grew to $496.00 million. Looking ahead, Sunoco raised its quarterly distribution by 1.25% to $0.92 per unit and remains on track for at least 5% annual distribution growth in 2025, with the pending TanQuid acquisition expected to close in the fourth quarter.
Key Takeaways
- • Pipeline Systems throughput recovery from prior-period refinery turnarounds and overall system demand
- • Increased contributions from ET-S Permian joint venture
- • Favorable transmix margins and Portland terminal acquisition in Terminals segment
- • Parkland Corporation acquisition expanding fuel distribution volumes
- • Lower profit per gallon in Fuel Distribution (10.7 cents vs 12.8 cents YoY)
SUN YoY Financials
Q3 2025 vs Q3 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% |