NYSE$SUN

Sunoco LP · Q2 2026 earnings

Q2 2026 earnings · · Before market open · Investor relations

Briefing

Sunoco LP reported strong Q2 2026 results with net income of $283 million and Adjusted EBITDA of $982 million.

Sunoco LP achieved net income of $283 million and Adjusted EBITDA of $982 million for the second quarter of 2026, significantly higher than the prior year due to acquisitions including Parkland. The company sold 4.125 billion gallons of motor fuel at 17.1 cents per gallon margin and increased full-year 2026 Adjusted EBITDA guidance to $3.5-3.7 billion. Distributions were raised to $1.0023 per unit, marking the seventh consecutive quarterly increase.

  • Net income rose to $283 million from $86 million year-over-year, driven by acquisitions and operational growth.
  • Adjusted EBITDA reached $982 million, with Fuel Distribution segment contributing $504 million on 4.125 billion gallons sold.
  • Full-year 2026 Adjusted EBITDA guidance increased by $400 million to a range of $3.5 billion to $3.7 billion.
  • Quarterly distribution increased 1.25% sequentially to $1.0023 per unit, with leverage at 3.7x.

Headline financials

Total Revenue

$14.3B

Previous: $5.39B+164.5%
EPS (adj)

$0.94

Previous: $0.33+184.8%
Motor fuel gallons sold

4.1B

Previous: 2.2B+88.5%
Motor fuel margin

17.1%

Previous: 10.5%+62.9%
Pipelines throughput

1.3M

No prior period
Terminals throughput

1.1M

No prior period
Refinery crude throughput

54.0K

No prior period
Net Income

$283M

Previous: $86M+229.1%
Operating Income

$583M

Previous: $203M+187.2%
Cash & Equivalents

$773M

No prior period
Total Assets

$29.9B

No prior period

Revenue & EPS history

Sunoco · Revenue · Quarterly

$14.3B

Q2 2026+164.5%vs Q2 2025
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Sunoco · $6.08B total across 1 segment · Q3 2023

  • Fuel Distribution
    $6.08B-4.0%

Forward guidance

Full year 2026 Adjusted EBITDA guidance raised by $400 million to $3.5-3.7 billion.

Tailwinds

  • Guidance increase reflects strong acquisition integration and operational performance

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

+0.0%

Avg return

Earnings day

-1.3%

Avg return

5 days after

-2.2%

Avg return

30 days after

53%

29 / 55 earnings

Positive

+7.7%

Q3 2018

Best reaction

-7.3%

Q2 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026
Q1 2026+2.2%-1.8%-1.4%
Q4 2025+1.9%+5.1%+13.0%
Q3 2025+0.6%-2.1%+3.9%
Q2 2025-0.9%-5.4%-5.0%
Q1 2025-2.4%+1.4%-1.2%
Q4 2024+1.2%-1.9%-2.2%
Q3 2024+0.2%-3.3%+1.7%
Q2 2024-1.3%-6.3%-3.2%
Q1 2024+0.4%-5.0%-3.7%
Q4 2023+2.7%+3.3%+0.8%
Q3 2023+5.2%+6.1%+7.3%
Q2 2023-1.9%-0.6%+1.8%
Q1 2023-2.7%-5.0%-6.7%
Q4 2022-0.0%-1.3%-11.6%
Q3 2022-0.4%-2.2%-3.2%
Q2 2022-2.8%-8.1%-6.3%
Q1 2022+1.8%-6.2%-1.3%
Q4 2021+0.5%+0.9%-1.6%
Q3 2021-3.6%-3.6%-8.3%
Q2 2021+1.6%-2.8%-2.1%
Q1 2021-1.5%-4.9%-0.5%
Q4 2020-3.7%-2.4%-1.2%
Q3 2020+1.4%-1.6%+12.8%
Q2 2020-0.0%-1.3%-2.3%
Q1 2020+0.3%-0.7%+9.9%
Q4 2019+0.3%+0.3%-50.1%
Q3 2019+0.4%-1.6%-6.3%
Q2 2019-4.2%-5.6%-4.2%
Q1 2019+1.1%+2.2%+3.6%
Q4 2018-2.6%+0.2%+1.7%
Q3 2018+7.7%+9.2%+3.0%
Q2 2018+7.2%+3.9%+3.8%
Q1 2018+1.7%+2.6%-0.6%
Q4 2017+0.4%-0.7%-12.4%
Q3 2017+1.8%+2.0%-2.5%
Q2 2017+3.2%+0.8%+3.7%
Q1 2017+0.1%+1.3%+2.4%
Q4 2016-2.9%-6.5%-14.1%
Q3 2016-2.6%-6.8%-4.3%
Q2 2016-2.1%-2.7%-3.0%
Q1 2016-3.7%
Q4 2015-3.5%
Q3 2015+7.3%
Q2 2015-7.3%
Q1 2015-2.0%
Q4 2014+3.3%
Q3 2014+1.4%
Q2 2014+2.5%
Q1 2014+3.6%
Q4 2013-1.1%
Q3 2013+0.0%
Q2 2013+0.0%
Q1 2013-3.1%
Q4 2012-1.1%
Q3 2012-4.6%
Q2 2012
Q1 2012
Q4 2011
Q3 2011
Q2 2011
Q1 2011

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