Companies /Energy

Sunoco LP

NYSE: SUN Oil & Gas Refining & Marketing
$74.82
▲ $0.83 (+1.13%) today
Markets open · 10:49am ET

Q1 2026 Earnings

Reported May 5, 2026, 7:09am ET · SEC source
$2.85
Beat +65.62%
EPS · est. $1.72
$10.7B
Beat +4.90%
Revenue · est. $10.2B
−6.9%
Trailing market
SUN vs S&P since report
1 quarter
Consecutive EPS misses

Market Reaction

% change · around the report
−2%0+2%May 5May 6report 7:09am ETearnings+1.6%−2.3%
−2%0+2%May 5May 6earnings+1.6%−2.3%
SUN −2.3%S&P 500 +1.6%
−2%0+2%May 5May 6report 7:09am ETearnings+2.4%−2.3%
−2%0+2%May 5May 6earnings+2.4%−2.3%
SUN −2.3%NASDAQ +2.4%
−2%0+2%May 4May 12report 7:09am ETearnings+2.8%+1.5%
−2%0+2%May 4May 12earnings+2.8%+1.5%
SUN +1.5%S&P 500 +2.8%
−3%0+3%+6%May 4May 12report 7:09am ETearnings+5.1%+1.5%
−3%0+3%+6%May 4May 12earnings+5.1%+1.5%
SUN +1.5%NASDAQ +5.1%
+2.12%
Day of report
−4.02%
Next session
−0.59%
One week
−4.96%
30 days

S&P 500 over the same 30 days: +1.90%.

Did SUN Beat Earnings? Q1 2026 Results

Sunoco LP delivered a blowout first quarter in 2026, posting earnings per unit of $2.85 against a consensus estimate of $1.72, a beat of 65.62%, as the partnership's transformative Parkland Acquisition reshaped its financial profile almost overnight. Revenue more than doubled year over year, climbing 106.4% to $10.69 billion and topping the $10.19 billion consensus by 4.90%, while net income reached $644 million compared to $207 million in Q1 2025. The Fuel Distribution segment was the single biggest driver, with Adjusted EBITDA jumping to $529 million from $220 million as Sunoco sold approximately 3.8 billion gallons at a fuel margin of 17.0 cents per gallon, up from 2.1 billion gallons at 11.5 cents a year ago. <a href="https://247wallst.com/investing/2026/03/19/sunoco-is-no-longer-just-a-gas-station-company/">Well beyond its fuel-retail roots</a>, the partnership also completed its TanQuid acquisition during the quarter, expanding its European terminal footprint. Sunoco raised its quarterly distribution 6.25% to $0.99 per unit, the sixth consecutive increase, consistent with a long-term target of at least 5% annual distribution growth, signaling confidence in the partnership's integration trajectory.

Key Takeaways
  • Parkland Acquisition driving significant volume and profit increases across all segments
  • One-time gain on sale of inventory of $102 million
  • Fuel Distribution sold approximately 3.8 billion gallons at 17.0 cents per gallon margin
  • Pipeline Systems benefited from improved butane blending and increased market demand
  • Terminals segment growth driven by Parkland and TanQuid acquisitions
  • Pipeline throughput volumes averaged approximately 1.3 million barrels per day

Forward Guidance & Outlook

Sunoco's capital allocation strategy includes a multi-year distribution growth rate of at least 5%. The 6.25% quarterly distribution increase reflects the Partnership's continued financial stability, execution of highly accretive acquisitions and growth projects, and confidence in future distribution increases.

SUN YoY Financials

Q1 2026 vs Q1 2025 · SEC filings Q1 2025 Q1 2026
$0$3.0B$6.0B$9.0B$5.2B$10.7BRevenue$497.0M$1.4BGross Profit$296.0M$866.0MOperating Income$166.0M$644.0MNet Income
$0$3.0B$6.0B$9.0BRevenueGross ProfitOperating IncomeNet Income

Figures from SEC filings and company reports. Not investment advice.