Sunoco LP
For the period ended Sep 30, 2025. Filed Nov 6, 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.
Sep 30, 2025 · Filed Nov 6, 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 September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| REVENUES: | ||||
| Sales revenue | $5,685 | $5,424 | $15,582 | $16,673 |
| Service revenue | 316 | 298 | 929 | 654 |
| Lease revenue | 31 | 29 | 90 | 97 |
| Total revenues | 6,032 | 5,751 | 16,601 | 17,424 |
| COSTS AND EXPENSES: | ||||
| Cost of sales | 5,386 | 5,327 | 14,733 | 15,951 |
| Operating expenses | 162 | 151 | 450 | 373 |
| General and administrative | 51 | 55 | 140 | 225 |
| Lease expense | 19 | 18 | 54 | 53 |
| (Gain) loss on disposal of assets and impairment charges | 3 | (2) | 4 | 52 |
| Depreciation, amortization and accretion | 159 | 95 | 469 | 216 |
| Total cost of sales and operating expenses | 5,780 | 5,644 | 15,850 | 16,870 |
| OPERATING INCOME | 252 | 107 | 751 | 554 |
| OTHER INCOME (EXPENSE): | ||||
| Interest expense, net | (131) | (116) | (375) | (274) |
| Equity in earnings of unconsolidated affiliates | 40 | 31 | 103 | 35 |
| Gain on West Texas Sale | — | — | — | 598 |
| Loss on extinguishment of debt | (12) | — | (31) | (2) |
| Other, net | (1) | (5) | (2) | (7) |
| INCOME BEFORE INCOME TAXES | 148 | 17 | 446 | 904 |
| Income tax expense | 11 | 15 | 16 | 171 |
| NET INCOME | 137 | 2 | 430 | 733 |
| Less: Net income attributable to noncontrolling interests | — | — | — | 8 |
| Less: Net income attributable to Series A Preferred Units | 4 | — | 4 | — |
| NET INCOME ATTRIBUTABLE TO COMMON UNITS AND IDRs | $133 | $2 | $426 | $725 |
| NET INCOME (LOSS) PER COMMON UNIT: | ||||
| Basic | $0.64 | $(0.26) | $2.19 | $5.44 |
| Diluted | $0.64 | $(0.26) | $2.18 | $5.40 |
| WEIGHTED AVERAGE COMMON UNITS OUTSTANDING: | ||||
| Basic | 136,604,533 | 135,998,435 | 136,436,142 | 112,650,388 |
| Diluted | 137,346,932 | 136,844,312 | 137,135,374 | 113,466,864 |
| CASH DISTRIBUTION PER COMMON UNIT | $0.9202 | $0.8756 | $2.7266 | $2.6268 |
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