Sunoco LP
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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Sep 30, 2025 · Filed Nov 6, 2025
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6. Inventories, net
- Inventories, net
Fuel inventories are stated at the lower of cost or market using the LIFO method. As of September 30, 2025 and December 31, 2024, the Partnership’s fuel inventory balance included lower of cost or market reserves of $285 million and $316 million, respectively. For the three and nine months ended September 30, 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 September 30, 2025, the Partnership's cost of sales included favorable inventory valuation adjustments of $10 million, which increased net income; and for the three months ended September 30, 2024, the Partnership's cost of sales included unfavorable inventory valuation adjustments of $197 million, which decreased net income. For the nine months ended September 30, 2025, the Partnership's cost of sales included favorable inventory valuation adjustments of $31 million, which increased net income; and for the nine months ended September 30, 2024 the Partnership's cost of sales included unfavorable inventory valuation adjustments of$99 million, which decreased net income.
Inventories, net, consisted of the following:
| September 30,2025 | December 31,2024 | |
|---|---|---|
| Fuel | $1,126 | $1,054 |
| Other | 17 | 14 |
| Inventories, net | $1,143 | $1,068 |
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