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Sunoco LP USD

Sunoco LP is an energy infrastructure company that distributes motor fuels and other petroleum products, and operates pipelines, terminals, and a refinery in the United States.

At a glance: strengths & risks
✓Revenue growing (+165% y/y, Q2 2026)✓Profit growing (+229% y/y, Q2 2026)✓Cheaper than own history (EV/EBITDA 8.2 vs avg 13.7)✗High leverage (8.6x EBITDA)

Sector: Oil refining

Geography: United States

COMM_SUN

Price chart

73.41 USDDay 0.58%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
73.41 USD · 0.58%
Market cap
10.1 bn USD

Growth

Δ revenue y/y
164.5%
Δ EBITDA y/y
175.1%

Multiples

P/E (LTM)
8.7x
3y avg: 14.2x
P/B (FY)
1.3x
P/E (ann.)
8.9x
EV/EBITDA (LTM)
8.2x
3y avg: 13.7x
EV/EBITDA (ann.)
6.1x

Cash return

Dividend yield
5.2%
FCF yield (LTM)
-8.0%

Value creation

to target market cap (spot commodity model)
Upside (potential)
+141.4%
↓ details

Liquidity

Daily turnover (listing)
1.2 mln USD

Shares: yahoo_fundamentals_timeseries/SUN

Financial results

Monetary columns are in B USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB USDOperating profitB USDD&AB USDEBITDAB USDNet profitB USDOperating CFB USDCapex + M&AB USDAssetsB USDEquityB USDROE (annualized)Net debtB USDSource
2026-06-30Q2 2026 (3M)OK14.3
y/y 164.5%
0.6
y/y 187.2%
0.4
y/y 159.1%
1.0
y/y 175.1%
0.3
y/y 229.1%
1.1-0.229.9
y/y 107.4%
8.3
y/y 103.8%
13.6%14.1Yahoo Finance
2026-03-31Q1 2026 (3M)OK10.7
y/y 106.4%
0.9
y/y 192.6%
0.3
y/y 83.3%
1.2
y/y 154.9%
0.6
y/y 211.1%
0.5-0.230.3
y/y 111.0%
8.3
y/y 100.8%
31.5%14.7Link
2025-12-31Q4 2025 (3M)OK8.6
y/y 63.2%
0.2
y/y -22.4%
0.2
y/y 45.6%
0.4
y/y 3.6%
0.1
y/y -28.4%
0.4-0.228.4
y/y 97.3%
8.0
y/y 96.9%
8.7%13.9Link
2025-09-30Q3 2025 (3M)OK6.0
y/y 4.9%
0.3
y/y 135.5%
0.2
y/y 67.4%
0.4
y/y 103.5%
0.1
y/y 6550.0%
0.4-0.217.8
y/y 26.4%
4.1
y/y -2.8%
4.3%6.8Link
2025-06-30Q2 2025 (3M)OK5.4
y/y -12.7%
0.2
y/y 35.3%
0.2
y/y 97.4%
0.4
y/y 56.6%
0.1
y/y -82.6%
0.2-0.214.4
y/y -0.3%
4.1
y/y -5.4%
8.3%8.2Link
2025-03-31Q1 2025 (3M)OK5.2
y/y -5.8%
0.3
y/y -0.3%
0.2
y/y 262.8%
0.5
y/y 32.9%
0.2
y/y -10.0%
0.2-0.114.3
y/y 94.0%
4.2
y/y 270.7%
20.1%8.0Link
2024-12-31Q4 2024 (3M)OK5.3
y/y -6.6%
0.2
y/y 651.2%
0.1
y/y 250.0%
0.4
y/y 38500.0%
0.1
y/y 233.0%
0.1-0.114.4
y/y 110.6%
4.1
y/y 316.0%
21.0%7.9Link
2024-09-30Q3 2024 (3M)OK5.8
y/y -9.0%
0.1
y/y -68.3%
0.1
y/y 115.9%
0.2
y/y -47.1%
0.0
y/y -99.3%
0.2-0.114.1
y/y 91.7%
4.2
y/y 254.2%
0.1%7.7Link
2024-06-30Q2 2024 (3M)OK6.2
y/y 7.5%
0.1
y/y 6.4%
0.1
y/y 59.2%
0.2
y/y 20.0%
0.5
y/y 466.7%
-0.1-0.114.5
y/y 113.3%
4.3
y/y 333.4%
72.4%7.7Link
2024-03-31Q1 2024 (3M)OK5.5
y/y 2.6%
0.3
y/y 49.2%
0.0
y/y -10.4%
0.3
y/y 37.7%
0.2
y/y 63.1%
0.30.07.4
y/y 12.8%
1.1
y/y 12.1%
87.7%4.0Link
2023-12-31Q4 2023 (3M)OK5.6
y/y —
0.0
y/y —
0.0
y/y —
0.0
y/y —
-0.1
y/y —
0.2-0.16.8
y/y —
1.0
y/y —
36.5%4.1Link
2023-09-30Q3 2023 (3M)OK6.3
y/y —
0.3
y/y —
0.0
y/y —
0.4
y/y —
0.3
y/y —
0.00.07.4
y/y —
1.2
y/y —
33.3%4.1Link
2023-06-30Q2 2023 (3M)OK5.7
y/y —
0.1
y/y —
0.0
y/y —
0.2
y/y —
0.1
y/y —
0.1-0.16.8
y/y —
1.0
y/y —
34.8%4.0Link
2023-03-31Q1 2023 (3M)OK5.4
y/y —
0.2
y/y —
0.0
y/y —
0.2
y/y —
0.1
y/y —
0.30.06.6
y/y —
1.0
y/y —
—3.8Link

Net debt structure (leases included, IFRS 16) 2026-06-30

Short-term debt (incl. ST leases)188
Long-term debt (incl. LT leases)14 653
− Cash & equivalents773
Net debt14 068

Net debt / LTM EBITDA: 4.8x

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

05 00010 00015 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

-100%0%100%200%2024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

Operating and investing cash flow (OCF + ICF) ($ mln)

-2 000-1 00001 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Net debt / cash ($ mln)

05 00010 00015 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Profit and cash

Worth a look
In a typical year of 2021–2025 operating cash flow came to 1.18x of reported net profit; after capex, 0.79x.
year20212022202320242025
cash flow / profit1.04x1.18x1.52x0.63x2.26x
accruals, % of assets-0.3%-1.3%-3.0%2.2%-2.3%
Last twelve months (to 2026-06-30): 2.02x of profit came back as operating cash flow.
net debt / EBITDA 8.6x · EBIT covers interest 1.7x · capex 0.9x of depreciation
● Net debt / EBITDA 8.6x at the last full year.
● EBIT covers interest 1.7x.
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Research & reviews

Our earnings breakdowns and investment notes on this issuer.

All research →

Key-commodity price — US Gasoline Index

Current 3spot vs LTM +14%

Commodity-player potential

Target market cap from conservative EBITDA and the historical EV/EBITDA

Upside: +141.4% ▲ +0.0 pp 1d

Main driver: US Gasoline Index -4% vs LTM; revenue ×1.14 vs costs ×1.14; EBITDA 2 948→3 199; at 12.0× EV/EBITDA → +141%.

Product prices — moves vs the LTM average

CommodityShareSpotLTM3-yrvs LTM, $3y vs LTM
US Gasoline Index (rev)+55%3.043.173.35-4%+6%
US Gasoline Index (cost) (cost)-50%3.043.173.35-4%+6%
US Diesel Index (rev)+35%6.284.264.23+47%-1%
US Diesel Index (cost) (cost)-32%6.284.264.23+47%-1%

How it is calculated — revenue → costs → EBITDA → target market cap

1 · Reported baseline (LTM)
LTM revenue39 581
LTM EBITDA2 948
LTM cash costs (revenue − EBITDA)36 633
2 · Revenue projection
Revenue multiplier — spot×1.141 (+14%)
= Spot revenue45 164
Revenue multiplier — 3y price×1.028 (+3%)
= 3-year-price revenue40 680
3 · Costs projection
Cost multiplier — spot×1.136 (+14%)
= Spot cash costs41 625
Cost multiplier — 3y price×1.032 (+3%)
= 3-year-price cash costs37 821
4 · EBITDA projection (revenue − costs)
= Spot EBITDA3 538
= 3-year-price EBITDA2 859
Conservative EBITDA = min(spot, avg)3 199
5 · Valuation → target market cap
Historical EV/projected-EBITDA (75th pct)12.0x
Target EV = EV/EBITDA × conservative EBITDA38 385
Net debt14 068
Target market cap = EV − net debt24 179
Current market cap10 014

Upside = target market cap ÷ current − 1 = +141.4%

Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.

PeriodAct. revModel revΔ revAct. EBITDAModel EBITDAΔ EBITDA
2023 Q36 3205 774+9.4%382154+147.4%
2023 Q45 6415 597+0.8%3184-98.4%
2024 Q15 4995 382+2.2%340134+154.5%
2024 Q26 1745 759+7.2%228199+14.7%
2024 Q35 7515 618+2.4%202177+14.4%
2024 Q45 2695 267+0.0%443109+308.6%
2025 Q15 1795 513-6.1%452257+75.7%
2025 Q25 3905 751-6.3%357331+7.9%
2025 Q36 0325 517+9.3%411359+14.6%
2025 Q48 6005 306+62.1%403367+9.8%
2026 Q110 6906 290+69.9%1 152377+205.7%
2026 Q214 2598 712+63.7%982708+38.7%

Revenue growth & acceleration

Growth accelerating ▲
Last-year revenue growth +11% vs -2% the year before — a +12.7 pp move. 3-year CAGR -1%.
revenue growth by year: 2023 -10% · 2024 -2% · 2025 +11%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

EV/EBITDA — LTM vs projected

Projected EV/EBITDA 3.2x · target 75th pct (3y) 3.5x · LTM avg 12.8x

EV/EBITDA (LTM)EV/EBITDA (projected)target 75th pct (projected, 3y)

Peer comparison

Group: Oil refining. Each peer is shown as it trades and re-priced onto this company's market (global) by the ratio of our coverage medians.

CompanyMarketCap, $bnEV/EBITDAEV/EBITDA, adjusted
Par Pacificglobal4.13.9x3.9x
PBF Energyglobal9.14.1x4.1x
REX American Resourcesglobal1.35.3x5.3x
S-OilKorea11.56.3x6.7x
Valero Energyglobal131.76.8x6.8x
Delek USglobal4.67.1x7.1x
CVR Energyglobal5.98.5x8.5x
CrossAmerica Partnersglobal0.88.9x8.9x
Marathon Petroleumglobal140.59.5x9.5x
Valvolineglobal4.114.3x14.3x
Phillips 66global114.217.6x17.6x
Calumetglobal4.330.2x30.2x
Group median7.8x7.8x
Group average10.2x10.2x
This companyglobal10.08.2x8.2x

Group median 7.8x as traded, 7.8x adjusted; this company 8.2x — a 5% premium.

Group average 10.2x as traded, 10.2x adjusted; against the average this company is at a 20% discount. The average sits 31% above the median: Calumet (30.2x) skews the group.

At the adjusted group median the market cap would be -11% versus today.

The gap and the implied upside are measured against the median: one richly priced peer moves an average, not a median. The market adjustment uses our coverage medians (US 20.5x, Russia 3.7x, South Africa 5.0x, Kazakhstan 4.7x, India 18.7x, Indonesia 5.4x); it is about where a name is listed, not what it does. Peer multiples come from the nightly rebuild of 2026-10-23; the company's own is live.

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-08-071.002 USDEx-dividend: 1.002 USD per sharePaidYahoo Finance (ex-div)
2026-05-080.99 USDEx-dividend: 0.99 USD per sharePaidYahoo Finance (ex-div)
2026-02-060.932 USDEx-dividend: 0.932 USD per sharePaidYahoo Finance (ex-div)
2025-10-300.92 USDEx-dividend: 0.92 USD per sharePaidYahoo Finance (ex-div)
2025-08-080.909 USDEx-dividend: 0.909 USD per sharePaidYahoo Finance (ex-div)
2025-05-090.898 USDEx-dividend: 0.898 USD per sharePaidYahoo Finance (ex-div)
2025-02-070.887 USDEx-dividend: 0.887 USD per sharePaidYahoo Finance (ex-div)
2024-11-080.876 USDEx-dividend: 0.876 USD per sharePaidYahoo Finance (ex-div)
2024-08-090.876 USDEx-dividend: 0.876 USD per sharePaidYahoo Finance (ex-div)
2024-05-100.876 USDEx-dividend: 0.876 USD per sharePaidYahoo Finance (ex-div)
2024-02-060.842 USDEx-dividend: 0.842 USD per sharePaidYahoo Finance (ex-div)
2023-10-270.842 USDEx-dividend: 0.842 USD per sharePaidYahoo Finance (ex-div)
2023-08-110.842 USDEx-dividend: 0.842 USD per sharePaidYahoo Finance (ex-div)
2023-05-050.842 USDEx-dividend: 0.842 USD per sharePaidYahoo Finance (ex-div)
2023-02-060.826 USDEx-dividend: 0.826 USD per sharePaidYahoo Finance (ex-div)
2022-11-030.826 USDEx-dividend: 0.826 USD per sharePaidYahoo Finance (ex-div)
2022-08-050.826 USDEx-dividend: 0.826 USD per sharePaidYahoo Finance (ex-div)
2022-05-060.826 USDEx-dividend: 0.826 USD per sharePaidYahoo Finance (ex-div)
2022-02-070.826 USDEx-dividend: 0.826 USD per sharePaidYahoo Finance (ex-div)
2021-11-040.826 USDEx-dividend: 0.826 USD per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Sunoco LP — from primary filings.

Frequently asked questions

What is Sunoco LP's P/E ratio?
Sunoco LP trades at a P/E of 8.7x (price to trailing 12-month earnings).
What is Sunoco LP's EV/EBITDA?
Sunoco LP trades at 8.2x EV/EBITDA.
What is Sunoco LP's P/B ratio?
Sunoco LP trades at a P/B of 1.3x.
What is Sunoco LP's dividend yield?
Sunoco LP's trailing 12-month dividend yield is 5.2%.
What is Sunoco LP's return on equity (ROE)?
Sunoco LP's ROE is 13.6%.
What is Sunoco LP's market capitalization?
Sunoco LP's market cap is 10.1 bn USD.

See also: The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map