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Sunoco LP cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$489M in Q3 2026 · $2.6B over twelve months

Operating cash flow$696M
Capital spending−$207M
Free cash flow+$489M
Cash / net income1.4×
Cash conversion cycle12 days

Analysis

In Q3 2026, Sunoco LP generated $696M of operating cash flow and spent $207M on capital projects, leaving free cash flow of $489M. That is $245M more than in Q3 2025 ($244M).

Over the twelve months to Sep 30, 2026, operating cash flow was $2.6B; the largest uses were other investing ($3.1B), other financing ($2.0B); the cash balance fell by $2.5B.

Operating cash flow was $696M against net income of $499M — 1.4× profit, cash ran ahead of reported earnings. The largest differences: receivables −$967M, payables +$423M, depreciation & amortization +$280M.

Its cash conversion cycle was 12 days (receivables 19 + inventory 13 − payables 21).

Free cash flow

Sunoco LP: free cash flow by quarterSunoco LP: free cash flow by quarter$123MQ4 2024$55.0MQ1 2025$83.0MQ2 2025$244MQ3 2025$392MQ4 2025$255MQ1 2026$928MQ2 2026$489MQ3 2026
Operating cash flow less capital spending.
Sunoco LP: operating cash flow against capital spendingSunoco LP: operating cash flow against capital spendingOperating cash flowCapital spending$123M$0Q4 2024$156M$101MQ1 2025$243M$160MQ2 2025$401M$157MQ3 2025$392M$0Q4 2025$454M$199MQ1 2026$1.1B$173MQ2 2026$696M$207MQ3 2026
Latest (Q3 2026): Operating cash flow $696M, Capital spending $207M.

Capital allocation, year by year

Sunoco LP: where the cash came from (up) and went (down), by fiscal yearSunoco LP: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsFY2021: Operating cash flow $543MFY2021: Net borrowing $128MFY2021: Asset sales $34.0MFY2021: Capital spending −$174MFY2021: Acquisitions −$256M$705MFY2021FY2022: Operating cash flow $561MFY2022: Net borrowing $319MFY2022: Asset sales $32.0MFY2022: Capital spending −$186MFY2022: Acquisitions −$318M$912MFY2022FY2023: Operating cash flow $600MFY2023: Net borrowing $11.0MFY2023: Asset sales $31.0MFY2023: Capital spending −$215MFY2023: Acquisitions −$111M$642MFY2023FY2024: Operating cash flow $549MFY2024: Net borrowing $415MFY2024: Asset sales $23.0MFY2024: Capital spending −$344M$987MFY2024FY2025: Operating cash flow $1.2BFY2025: Net borrowing −$1.0MFY2025: Shares issued $1.5BFY2025: Asset sales $28.0MFY2025: Capital spending −$577M$2.7BFY2025
Over these 5 years operating cash flow totalled $3.4B; the largest uses were capital spending ($1.5B) and acquisitions ($685M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$760M
Debt$13.2B
Net debt$12.4B
Due within a year$954M

Sunoco LP funds itself: free cash flow was $2.6B over the last twelve months, and $760M of cash and investments stands against $13.2B of debt ($954M due within a year, 0.8× covered by cash).

Sunoco LP: debt maturities by year (FY2025)Sunoco LP: debt maturities by year (FY2025)$954MYear 1$1.7BYear 2$1.2BYear 3$2.8BYear 4$2.2BYear 5$4.7BAfter year 5
Principal due in each year as disclosed in the annual report, against $760M of cash and investments now.

Where the cash came from and went

Sunoco LP: sources (+) and uses (−) of cash, Q3 2026Sunoco LP: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$696MOther financing−$435MCapital spending−$207MDividends−$52.0MOther investing−$15.0MCash drawn (+) / kept (−)$13.0M
Sunoco LP: sources (+) and uses (−) of cash, TTM to Q3 2026Sunoco LP: sources (+) and uses (−) of cash, TTM to Q3 2026Other investing−$3.1BOperating cash flow$2.6BCash drawn (+) / kept (−)$2.5BOther financing−$2.0B

From profit to cash

Sunoco LP: net income to operating cash flow, Q3 2026Sunoco LP: net income to operating cash flow, Q3 2026Net income$499MDepreciation & amortization$280MStock-based pay$7.0MDeferred taxes−$32.0MOther non-cash−$8.0MReceivables−$967MInventory$3.0MPayables$423MAccrued liabilities$222MPrepaid and other assets$40.0MOther liabilities$94.0MOperating cash flow$696M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202619132112
Q2 202621172514
Q1 202623243017
Q4 202518212217
Q3 202518201720
Q2 202517221821
Q1 202519222218
Q4 202418192216

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$696M−$207M—−$52.0M—$13.0M$489M
Q2 2026$1.1B−$173M—−$51.0M—−$55.0M$928M
Q1 2026$454M−$199M—−$48.0M$114M$173M$255M
Q4 2025$392M————$2.3B$392M
Q3 2025$401M−$157M——$1.7B−$3.1B$244M
Q2 2025$243M−$160M——$189M$56.0M$83.0M
Q1 2025$156M−$101M−$12.0M—$194M−$78.0M$55.0M
Q4 2024$123M———$147M$22.0M$123M

Sunoco LP: income statement and cash flow

Sunoco LP, Q3 2026: revenue $18.0B (+199% year over year), operating margin 4.1%. The chart follows the revenue to costs, profit and cash.

Sunoco LP: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.