Filing Flows › Energy › Sunoco LP (SUN)
Sunoco LP (SUN) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Sunoco LP (SUN) Q3 2026 earnings results →
Q3 2026 Revenue up 199% year over year to $18.0B · 3¢ of every $1 of revenue kept as net profit · operating margin 4.1%
Sunoco LP made $18.0B in Q3 2026 (+199% Y/Y): Sales revenue $17.5B, Pipeline throughput $175M, Other $155M. Operating margin 4.1%, net earnings $499M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $18.0B in Q3 2026, up 199% year over year and up 26% from the previous quarter. Fuel was the largest line at 96% of revenue. Fuel added $11.6B year over year (up 206%), 97% of the total change.
Operating profit was $0.74B, a 4.1% margin (down 0.1 points year over year). Of the extra revenue versus Q3 2025, 4% reached operating profit, below the 4% margin then. Total costs grew 199% against revenue growth of 199%. The fastest-growing cost line was Cost of revenue (+206%). Net earnings were $0.50B, up 275% year over year. The effective tax rate was 17.5%.
Operating cash flow was $0.70B (up 74% year over year), 139% of net earnings. Non-cash charges added back $0.28B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.09B. Capital expenditures of $0.21B left free cash flow of $0.49B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $18.0B | +199% | 4.1% | $499M | $696M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $14.3B | +164% | 4.1% | $283M | $1.1B |
| Q1 2026 | 10-Q | May 7, 2026 | $10.7B | +106% | 8.1% | $644M | $454M |
| Q4 2025 | 10-K | Feb 19, 2026 | $8.6B | +63% | 2.1% | $97.0M | $392M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $6.0B | +5% | 4.2% | $137M | $401M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $5.4B | -13% | 3.8% | $86.0M | $243M |
| Q1 2025 | 10-Q | May 8, 2025 | $5.2B | -6% | 5.7% | $207M | $156M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
Sells to
- 7-Eleven, Inc — 13% of its revenue · Stated in 10-K (sentence) · source
- ET · Stated in 10-K (named, share not stated) · source
Buys from
About Sunoco LP
As used in this report, the terms “Partnership,” “Sunoco,” “we,” “us” or “our” should be understood to refer to Sunoco LP and our consolidated subsidiaries as applicable and appropriate. We are a Delaware master limited partnership. We are managed by our General Partner, which is owned by Energy Transfer. As of February 13, 2026, Energy Transfer owned 100% of the membership interest in our General Partner, 28,463,967 of our common units and all of our IDRs. In addition, Energy Tra nsfer controls SunocoCorp, which owns all of the outstanding Class D Units representing limited partner interests in the Partnership (“Class D Units”) and pursuant to the Delegation Agreement (as defined below) has been delegated Energy Transfer’s power and authority to appoint the board of directors of our General Partner.
In its own words, from its 10-K, filed Feb 19, 2026.
Sunoco LP against its Petroleum Refining peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +199% against the peers' median +46%. Operating margin: 4.1% against the peers' median 18.7%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| SUN Sunoco LP | Q3 2026 | $18.0B | +199% | 4.1% |
| XOM ExxonMobil Holdings | Q3 2026 | $113.2B | +33% | 18.8% |
| CVX Chevron | Q3 2026 | $67.8B | +36% | 20.1% |
| MPC Marathon Petroleum | Q3 2026 | $56.0B | +61% | 18.7% |
| PSX Phillips 66 | Q3 2026 | $50.5B | +46% | 14.1% |
| VLO Valero Energy | Q3 2026 | $46.1B | +43% | 19.7% |
| COP ConocoPhillips | Q3 2026 | $19.4B | +29% | 30.8% |
| SUNC SunocoCorp LLC | Q3 2026 | $18.0B | +199% | 4.1% |
| PBF PBF Energy | Q3 2026 | $12.1B | +59% | 17.3% |
Source: Sunoco LP 10-Q on SEC EDGAR · CIK 1552275 · Petroleum Refining
Guidance and outlook
13F: who owns SUN and who is buying
More on SUN
- How Sunoco LP makes money: revenue by segment
- Sunoco LP next earnings date and what analysts expect
- Sunoco LP stock forecast, price target and fair value
- Who owns Sunoco LP stock: holders, funds and Congress trades
- Sunoco LP guidance and outlook
- Is Sunoco LP a takeover target? LBO and rumors
- Sunoco LP recalls, complaints and regulation
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results