Sunoco LP
For the period ended Mar 31, 2025. Filed May 8, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 8, 2025
SUN$62.70+1.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(Dollars in millions, except per unit data)
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| REVENUES: | ||
| Sales revenue | $4,851 | $5,398 |
| Service revenue | 299 | 63 |
| Lease revenue | 29 | 38 |
| Total revenues | 5,179 | 5,499 |
| COSTS AND EXPENSES: | ||
| Cost of sales | 4,526 | 5,015 |
| Operating expenses | 143 | 88 |
| General and administrative | 39 | 36 |
| Lease expense | 16 | 18 |
| Loss on disposal of assets | 3 | 2 |
| Depreciation, amortization and accretion | 156 | 43 |
| Total cost of sales and operating expenses | 4,883 | 5,202 |
| OPERATING INCOME | 296 | 297 |
| OTHER INCOME (EXPENSE): | ||
| Interest expense, net | (121) | (63) |
| Equity in earnings of unconsolidated affiliates | 32 | 2 |
| Loss on extinguishment of debt | (2) | — |
| Other, net | — | 1 |
| INCOME BEFORE INCOME TAXES | 205 | 237 |
| Income tax expense (benefit) | (2) | 7 |
| NET INCOME | $207 | $230 |
| NET INCOME PER COMMON UNIT: | ||
| Basic | $1.22 | $2.29 |
| Diluted | $1.21 | $2.26 |
| WEIGHTED AVERAGE COMMON UNITS OUTSTANDING: | ||
| Basic | 136,267,512 | 84,424,748 |
| Diluted | 136,936,311 | 85,259,238 |
| CASH DISTRIBUTION PER COMMON UNIT | $0.8976 | $0.8756 |
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