Filing Flows › Sunoco LP (SUN) › Q2 2025
Sunoco LP (SUN) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Sunoco LP (SUN) reported revenue of $5.4B for the second quarter 2025 (Q2 2025), -13% from a year earlier and +4% from the quarter before. Operating margin was 3.8%, net earnings $86.0M (1.6% of revenue).
Sunoco LP, Q2 2025: revenue $5.4B (-13% year over year), operating margin 3.8%, net earnings $86.0M, operating cash flow $243M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.4B | +4% | -13% |
| Operating profit | $203M | -31% | +35% |
| Net earnings | $86.0M | -58% | -83% |
| Operating cash flow | $243M | +56% | — |
| Free cash flow | $83.0M | +51% | — |
What changed
Revenue was $5.4B in Q2 2025, down 13% year over year and up 4% from the previous quarter. Fuel was the largest line at 93% of revenue. Fuel lost $0.81B year over year (down 14%), 103% of the total change.
Operating profit was $0.20B, a 3.8% margin (up 1.3 points year over year). Total costs fell 14% while revenue fell 13%. Net earnings were $0.09B, down 83% year over year. The effective tax rate was 7.5%.
Operating cash flow was $0.24B, 283% of net earnings. Non-cash charges added back $0.15B of depreciation and amortization and $0.01B of share-based compensation. Capital expenditures of $0.16B left free cash flow of $0.08B.
Questions
What was Sunoco LP's revenue in the second quarter 2025?
Sunoco LP (SUN) reported revenue of $5.4B for the second quarter 2025 (Q2 2025), -13% from a year earlier and +4% from the quarter before.
Was Sunoco LP profitable in the second quarter 2025?
Operating profit was $203M (3.8% of revenue) and net earnings $86.0M.
Source: Sunoco LP 10-Q on SEC EDGAR.