Filing Flows › Sunoco LP (SUN) › Q2 2026 › vs Q1 2026
Sunoco LP (SUN) Q2 2026 vs Q1 2026 (quarter over quarter)
Sunoco LP's revenue rose $3.6B (+33%) from $10.7B in Q1 2026 to $14.3B in Q2 2026. The biggest changes: Sales revenue +$3.5B (+35%); Other +$29.0M (+23%); Refinery throughput −$11.0M (-8%). Operating margin 4.1% against 8.1% (-4.0 pts).
Sunoco LP, Q2 2026: revenue $14.3B (+164% year over year), operating margin 4.1%, net earnings $283M, operating cash flow $1.1B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 4.1% | 8.1% | -4.0 pts |
| Net margin | 2.0% | 6.0% | -4.0 pts |
| Free cash flow margin | 6.5% | 2.4% | +4.1 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Fuel | $13.4B | $9.9B | $3.5B | +36% |
| Non-Fuel | $309M | $287M | $22.0M | +8% |
| Sales revenue | $13.7B | $10.2B | $3.5B | +35% |
| Pipeline throughput | $186M | $176M | $10.0M | +6% |
| Other | $157M | $128M | $29.0M | +23% |
| Refinery throughput | $135M | $146M | −$11.0M | -8% |
| Lease revenue | $43.0M | $39.0M | $4.0M | +10% |
| Lease Income | $43.0M | $39.0M | $4.0M | +10% |
| Terminal throughput | $42.0M | $39.0M | $3.0M | +8% |
| Revenue | $14.3B | $10.7B | $3.6B | +33% |
| Operating profit | $583M | $866M | −$283M | -33% |
| Costs & expenses | $13.7B | $9.8B | $3.9B | +39% |
| Pre-tax earnings | $362M | $679M | −$317M | -47% |
| Other expense, net | $221M | $187M | $34.0M | +18% |
| Cost of revenue | $12.8B | $9.0B | $3.8B | +42% |
| General & admin | $159M | $155M | $4.0M | +3% |
| Other operating costs | $722M | $668M | $54.0M | +8% |
| Net earnings | $283M | $644M | −$361M | -56% |
| Income tax | $79.0M | $35.0M | $44.0M | +126% |
| Depreciation & amortization | $282M | $286M | −$4.0M | -1% |
| Share-based compensation | $7.0M | $6.0M | $1.0M | +17% |
| Working capital & other | $529M | −$482M | $1.0B | — |
| Operating cash flow | $1.1B | $454M | $647M | +143% |
| Free cash flow (OCF − capex) | $928M | $255M | $673M | +264% |
| Capital expenditures | $173M | $199M | −$26.0M | -13% |
Questions
How much did Sunoco LP's revenue grow quarter over quarter in Q2 2026?
Sunoco LP's revenue rose $3.6B (+33%) from $10.7B in Q1 2026 to $14.3B in Q2 2026.
What drove Sunoco LP's revenue change in Q2 2026?
Sales revenue +$3.5B (+35%); Other +$29.0M (+23%); Refinery throughput −$11.0M (-8%).