Sunoco LP
For the period ended Dec 31, 2024. Filed Feb 14, 2025.
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FY2024 · Filed Feb 14, 2025
SUN$63.21+0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations Consolidated Statements of Comprehensive Income
CONSOLIDATED STATEMENTS OF OPERATIONS
(Dollars in millions, except per unit data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenues: | |||
| Sales revenue | $21,588 | $22,663 | $25,350 |
| Service revenue | 980 | 254 | 236 |
| Lease revenue | 125 | 151 | 143 |
| Total revenues | 22,693 | 23,068 | 25,729 |
| Costs and Expenses: | |||
| Cost of sales | 20,595 | 21,703 | 24,350 |
| Operating expenses | 545 | 356 | 338 |
| General and administrative | 277 | 126 | 120 |
| Lease expense | 72 | 68 | 63 |
| (Gain) loss on disposal of assets and impairment charges | 45 | (7) | (13) |
| Depreciation, amortization and accretion | 368 | 187 | 193 |
| Total cost of sales and operating expenses | 21,902 | 22,433 | 25,051 |
| Operating Income | 791 | 635 | 678 |
| Other Income (Expense): | |||
| Interest expense, net | (391) | (217) | (182) |
| Equity in earnings of unconsolidated affiliates | 60 | 5 | 4 |
| Gain on West Texas Sale | 586 | — | — |
| Loss on extinguishment of debt | (2) | — | — |
| Other, net | 5 | 7 | 1 |
| Income Before Income Tax Expense | 1,049 | 430 | 501 |
| Income tax expense | 175 | 36 | 26 |
| Net Income | 874 | 394 | 475 |
| Less: Net income attributable to noncontrolling interests | 8 | — | — |
| Net Income Attributable to Partners | $866 | $394 | $475 |
| Net Income per Common Unit: | |||
| Common units - basic | $6.04 | $3.70 | $4.74 |
| Common units - diluted | $6.00 | $3.65 | $4.68 |
| Weighted Average Common Units Outstanding: | |||
| Common units - basic | 118,529,390 | 84,081,083 | 83,755,378 |
| Common units - diluted | 119,342,038 | 85,093,497 | 84,803,698 |
| Cash Distribution per Common Unit | $3.5133 | $3.3680 | $3.3020 |
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(Dollars in millions, except per unit data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Net Income | $874 | $394 | $475 |
| Other comprehensive income (loss), net of tax | |||
| Foreign currency translation adjustment | (1) | — | — |
| Actuarial gains related to pension and other postretirement benefit plans | 3 | — | — |
| Total other comprehensive income | 2 | — | — |
| Comprehensive Income | $876 | $394 | $475 |
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