Sunoco LP
For the period ended Mar 31, 2025. Filed May 8, 2025.
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Mar 31, 2025 · Filed May 8, 2025
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5. Inventories, net
- Inventories, net
Fuel inventories are stated at the lower of cost or market using the LIFO method. As of March 31, 2025 and December 31, 2024, the Partnership’s fuel inventory balance included lower of cost or market reserves of $255 million and $316 million, respectively. For the three months ended March 31, 2025 and 2024, the Partnership’s consolidated statements of operations did not include any material amounts of income from the liquidation of LIFO fuel inventory. For the three months ended March 31, 2025 and 2024, the Partnership's cost of sales included favorable inventory valuation adjustments of $61 million and $130 million, respectively, which increased net income.
Inventories, net, consisted of the following:
| March 31,2025 | December 31,2024 | |
|---|---|---|
| Fuel | $1,097 | $1,054 |
| Other | 14 | 14 |
| Inventories, net | $1,111 | $1,068 |
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