Filing Flows › Sunoco LP (SUN) › Q2 2026 › vs Q2 2025
Sunoco LP (SUN) Q2 2026 vs Q2 2025 (year over year)
Sunoco LP's revenue rose $8.9B (+165%) from $5.4B in Q2 2025 to $14.3B in Q2 2026. The biggest changes: Sales revenue +$8.6B (+170%); Refinery throughput +$135M (—); Other +$57.0M (+57%). Operating margin 4.1% against 3.8% (+0.3 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 4.1% | 3.8% | +0.3 pts |
| Net margin | 2.0% | 1.6% | +0.4 pts |
| Free cash flow margin | 6.5% | 1.5% | +5.0 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Fuel | $13.4B | $5.0B | $8.4B | +168% |
| Non-Fuel | $309M | $75.0M | $234M | +312% |
| Sales revenue | $13.7B | $5.1B | $8.6B | +170% |
| Pipeline throughput | $186M | $163M | $23.0M | +14% |
| Other | $157M | $100M | $57.0M | +57% |
| Refinery throughput | $135M | $0 | $135M | — |
| Lease revenue | $43.0M | $30.0M | $13.0M | +43% |
| Lease Income | $43.0M | $30.0M | $13.0M | +43% |
| Terminal throughput | $42.0M | $31.0M | $11.0M | +35% |
| Revenue | $14.3B | $5.4B | $8.9B | +165% |
| Operating profit | $583M | $203M | $380M | +187% |
| Costs & expenses | $13.7B | $5.2B | $8.5B | +164% |
| Pre-tax earnings | $362M | $93.0M | $269M | +289% |
| Other expense, net | $221M | $110M | $111M | +101% |
| Cost of revenue | $12.8B | $4.8B | $8.0B | +165% |
| General & admin | $159M | $50.0M | $109M | +218% |
| Other operating costs | $722M | $316M | $406M | +128% |
| Net earnings | $283M | $86.0M | $197M | +229% |
| Income tax | $79.0M | $7.0M | $72.0M | 11× |
| Depreciation & amortization | $282M | $154M | $128M | +83% |
| Share-based compensation | $7.0M | $5.0M | $2.0M | +40% |
| Working capital & other | $529M | −$2.0M | $531M | — |
| Operating cash flow | $1.1B | $243M | $858M | +353% |
| Free cash flow (OCF − capex) | $928M | $83.0M | $845M | 11× |
| Capital expenditures | $173M | $160M | $13.0M | +8% |
Questions
How much did Sunoco LP's revenue grow year over year in Q2 2026?
Sunoco LP's revenue rose $8.9B (+165%) from $5.4B in Q2 2025 to $14.3B in Q2 2026.
What drove Sunoco LP's revenue change in Q2 2026?
Sales revenue +$8.6B (+170%); Refinery throughput +$135M (—); Other +$57.0M (+57%).