Sunoco (SUN) Q3 2025 Earnings
How Did SUN Stock React to Q3 2025 Earnings?
Did SUN Beat Earnings? Q3 2025 Results
No. Sunoco reported Q3 2025 earnings of $0.64 a share on Nov 5, 2025, missing the $1.35 consensus estimate by 52.5%. Revenue was $6.0B against a $5.7B estimate.
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.
- 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)
What Was Sunoco's Outlook in Q3 2025?
Sunoco LP remains on track to meet its 2025 distribution growth target of at least 5%. The Partnership expects to complete the acquisition of TanQuid in the fourth quarter of 2025, which will further expand its terminals operations into Europe.
SUN YoY Financials
| Metric | Q3 2025 | Q3 2024 | Year over year |
|---|---|---|---|
| Revenue | $6.0B | $5.8B | +4.9% |
| Gross Profit | $487.0M | $329.0M | +48.0% |
| Operating Income | $252.0M | $107.0M | +135.5% |
| Net Income | $137.0M | $23.2M | +491.4% |
Figures from SEC filings and company reports. Not investment advice.