Filing Flows › Sunoco LP (SUN) › Q1 2025
Sunoco LP (SUN) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Sunoco LP (SUN) reported revenue of $5.2B for the first quarter 2025 (Q1 2025), -6% from a year earlier and -2% from the quarter before. Operating margin was 5.7%, net earnings $207M (4.0% of revenue).
Sunoco LP, Q1 2025: revenue $5.2B (-6% year over year), operating margin 5.7%, net earnings $207M, operating cash flow $156M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.2B | -2% | -6% |
| Operating profit | $296M | +25% | -0.3% |
| Net earnings | $207M | +47% | -10% |
| Operating cash flow | $156M | +27% | -45% |
| Free cash flow | $55.0M | — | -78% |
What changed
Revenue was $5.2B in Q1 2025, down 6% year over year and down 2% from the previous quarter. Fuel was the largest line at 93% of revenue. Fuel lost $0.55B year over year (down 10%), 171% of the total change.
Operating profit was $0.30B, a 5.7% margin (up 0.3 points year over year). Total costs fell 6% while revenue fell 6%. The fastest-growing cost line was Other operating costs (+116%). Net earnings were $0.21B, down 10% year over year. The effective tax rate was -1.0%.
Operating cash flow was $0.16B (down 45% year over year), 75% of net earnings. Non-cash charges added back $0.16B of depreciation and amortization and $4.0M of share-based compensation. Working capital and other items used $0.21B. Capital expenditures of $0.10B left free cash flow of $0.06B.
Questions
What was Sunoco LP's revenue in the first quarter 2025?
Sunoco LP (SUN) reported revenue of $5.2B for the first quarter 2025 (Q1 2025), -6% from a year earlier and -2% from the quarter before.
Was Sunoco LP profitable in the first quarter 2025?
Operating profit was $296M (5.7% of revenue) and net earnings $207M.
Source: Sunoco LP 10-Q on SEC EDGAR.