Filing Flows › Sunoco LP (SUN) › Q3 2025
Sunoco LP (SUN) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Sunoco LP (SUN) reported revenue of $6.0B for the third quarter 2025 (Q3 2025), +5% from a year earlier and +12% from the quarter before. Operating margin was 4.2%, net earnings $137M (2.3% of revenue).
Sunoco LP, Q3 2025: revenue $6.0B (+5% year over year), operating margin 4.2%, net earnings $137M, operating cash flow $401M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.0B | +12% | +5% |
| Operating profit | $252M | +24% | +136% |
| Net earnings | $137M | +59% | 68× |
| Operating cash flow | $401M | +65% | +91% |
| Free cash flow | $244M | +194% | +124% |
What changed
Revenue was $6.0B in Q3 2025, up 5% year over year and up 12% from the previous quarter. Fuel was the largest line at 93% of revenue. Fuel added $0.27B year over year (up 5%), 97% of the total change. Terminal throughput declined 24%.
Operating profit was $0.25B, a 4.2% margin (up 2.3 points year over year). Of the extra revenue versus a year earlier, 52% reached operating profit, above the 2% margin then. Total costs grew 2% against revenue growth of 5%. The fastest-growing cost line was Other operating costs (+31%). Net earnings were $0.13B, up 6550% year over year. The effective tax rate was 7.4%.
Operating cash flow was $0.40B (up 91% year over year), 293% of net income including minority interests. Non-cash charges added back $0.16B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.10B. Capital expenditures of $0.16B left free cash flow of $0.24B.
Questions
What was Sunoco LP's revenue in the third quarter 2025?
Sunoco LP (SUN) reported revenue of $6.0B for the third quarter 2025 (Q3 2025), +5% from a year earlier and +12% from the quarter before.
Was Sunoco LP profitable in the third quarter 2025?
Operating profit was $252M (4.2% of revenue) and net earnings $137M.
Source: Sunoco LP 10-Q on SEC EDGAR.