Q4 25 EPS
$0.09
MISS 94.02%
Est. $1.51
Q4 25 Revenue
$8.60B
MISS 8.12%
Est. $9.36B
vs S&P Since Q4 25
-2.7%
TRAILING MARKET
SUN +4.2% vs S&P +6.8%
Full Year 2025 Results
FY 25 EPS
$2.28
MISS 45.86%
Est. $4.21
FY 25 Revenue
$25.20B
BEAT +9.40%
Est. $23.04B
Market Reaction
Did SUN Beat Earnings? Q4 2025 Results
Sunoco LP delivered a tale of two metrics in Q4 2025, posting revenue of $8.60 billion that topped the $6.43 billion consensus by 33.66% and surged 63.2% year over year, while earnings per unit of $0.09 fell dramatically short of the $1.44 analyst es… Read more Sunoco LP delivered a tale of two metrics in Q4 2025, posting revenue of $8.60 billion that topped the $6.43 billion consensus by 33.66% and surged 63.2% year over year, while earnings per unit of $0.09 fell dramatically short of the $1.44 analyst estimate, a miss of 93.75%. The wide earnings gap traces directly to the October 31 close of Sunoco's transformative acquisition of Parkland Corporation, which simultaneously turbocharged top-line volumes and weighed on net income through $60.00 million in one-time transaction costs, depreciation and amortization climbing to $219.00 million from $152.00 million, and interest expense rising to $166.00 million from $117.00 million. Underneath those charges, the operational picture was considerably stronger; adjusted EBITDA excluding transaction costs reached $706.00 million, up sharply from $439.00 million a year ago, with the Fuel Distribution segment alone contributing $332.00 million as fuel volumes rose 54% to 3.3 billion gallons. Sunoco raised its quarterly distribution 1.25% to $0.93 per unit and is targeting at least 5% annual distribution growth for 2026, projecting full-year adjusted EBITDA of $3.10 billion to $3.30 billion as Parkland integration matures.
Key Takeaways
- • Parkland Corporation acquisition completed October 31, 2025, driving significant volume and earnings growth across segments
- • 54% increase in fuel distribution volumes sold driven by Parkland acquisition, growth investments and profit optimization strategies
- • Fuel margin improved to 17.7 cents per gallon from 10.6 cents per gallon year-over-year
- • Terminals segment benefited from favorable transmix margins, new European customer activity, and favorable ad valorem tax credits
- • ET-S Permian joint venture contributed $11 million increase in Adjusted EBITDA for Pipeline Systems segment
- • Eighth consecutive year of growth in Distributable Cash Flow per common unit
SUN YoY Financials
Q4 2025 vs Q4 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% |