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Equinor ASA vs Sunoco LP: EQNR and SUN compared
Equinor ASA is the larger company: $26.0B of revenue in its latest quarter (Q3 2025) against $18.0B for Sunoco LP (Q3 2026). Sunoco LP is growing faster (+199% against +2% a year earlier). Equinor ASA is more profitable, with an operating margin of 20.2% against 4.1%.
Where the money goes: EQNR and SUN
Equinor ASA (EQNR) · Q3 2025
Equinor ASA, Q3 2025: revenue $26.0B (+2% year over year), operating margin 20.2%, net loss $204M, operating cash flow $6.3B. The chart follows the revenue to costs, profit and cash.
Sunoco LP (SUN) · Q3 2026
Sunoco LP, Q3 2026: revenue $18.0B (+199% year over year), operating margin 4.1%, net earnings $499M, operating cash flow $696M. The chart follows the revenue to costs, profit and cash.
| Equinor ASA (EQNR) | Sunoco LP (SUN) | |
|---|---|---|
| Latest quarter | Q3 2025 | Q3 2026 |
| Revenue | $26.0B | $18.0B |
| Revenue growth, Y/Y | +2% | +199% |
| Operating margin | 20.2% | 4.1% |
| Net earnings | −$204M | $499M |
| Net margin | -0.8% | 2.8% |
| Operating cash flow | $6.3B | $696M |
| Free cash flow | $2.9B | $489M |
| Market value | — | $11.6B |
| P/E | — | 10.0× |
| Analysts’ mean target | — | $83.43 |
Where the revenue comes from
Sunoco LP
- Sales revenue: $17.5B (97%)
- Pipeline throughput: $175M (1%)
- Other: $155M (1%)
- Refinery throughput: $117M (1%)
Questions
Which is bigger, Equinor ASA or Sunoco LP?
Equinor ASA is the larger company: $26.0B of revenue in its latest quarter (Q3 2025) against $18.0B for Sunoco LP (Q3 2026).
Is Equinor ASA or Sunoco LP growing faster?
Sunoco LP is growing faster (+199% against +2% a year earlier).
Which is more profitable, Equinor ASA or Sunoco LP?
Equinor ASA is more profitable, with an operating margin of 20.2% against 4.1%.
More: Equinor ASA earnings · how Equinor ASA makes money · Sunoco LP earnings · how Sunoco LP makes money
From the companies' latest 10-Q, 10-K or earnings release (6-K filed Oct 29, 2025; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.