Q1 26 EPS
$2.85
BEAT +65.62%
Est. $1.72
Q1 26 Revenue
$10.69B
BEAT +4.90%
Est. $10.19B
vs S&P Since Q1 26
-10.7%
TRAILING MARKET
SUN -9.4% vs S&P +1.3%
Market Reaction
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.… Read more 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. Well beyond its fuel-retail roots, 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
SUN 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, 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% |