Sunoco LP
For the period ended Dec 31, 2025. Filed Feb 19, 2026.
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FY2025 · Filed Feb 19, 2026
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, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| REVENUES: | |||
| Sales revenue | $23,702 | $21,588 | $22,663 |
| Service revenue | 1,369 | 980 | 254 |
| Lease revenue | 130 | 125 | 151 |
| Total revenues | 25,201 | 22,693 | 23,068 |
| COSTS AND EXPENSES: | |||
| Cost of sales (excluding items shown separately below) | 22,409 | 20,595 | 21,703 |
| Operating expenses | 765 | 545 | 356 |
| General and administrative | 296 | 277 | 126 |
| Lease expense | 114 | 72 | 68 |
| (Gain) loss on disposal of assets and impairment charges | (6) | 45 | (7) |
| Depreciation, amortization and accretion | 688 | 368 | 187 |
| Total cost of sales and operating expenses | 24,266 | 21,902 | 22,433 |
| OPERATING INCOME | 935 | 791 | 635 |
| OTHER INCOME (EXPENSE): | |||
| Interest expense, net | (541) | (391) | (217) |
| Equity in earnings of unconsolidated affiliates | 143 | 60 | 5 |
| Gain on West Texas Sale | — | 586 | — |
| Loss on extinguishment of debt | (31) | (2) | — |
| Other, net | 83 | 5 | 7 |
| INCOME BEFORE INCOME TAXES | 589 | 1,049 | 430 |
| Income tax expense | 62 | 175 | 36 |
| NET INCOME | 527 | 874 | 394 |
| Less: Net income attributable to noncontrolling interests | — | 8 | — |
| NET INCOME ATTRIBUTABLE TO PARTNERS | 527 | 866 | 394 |
| Less: Preferred unitholders’ interest in net income | 34 | — | — |
| Less: Class D unitholder’s interest in net income (loss) | (9) | — | — |
| NET INCOME ATTRIBUTABLE TO COMMON UNITS | $502 | $866 | $394 |
| NET INCOME PER COMMON UNIT | |||
| Common units - basic | $2.29 | $6.04 | $3.70 |
| Common units - diluted | $2.28 | $6.00 | $3.65 |
| WEIGHTED AVERAGE COMMON UNITS OUTSTANDING | |||
| Common units - basic | 136,492,204 | 118,529,390 | 84,081,083 |
| Common units - diluted | 137,198,218 | 119,342,038 | 85,093,497 |
| CASH DISTRIBUTION PER COMMON UNIT | $3.6583 | $3.5133 | $3.3680 |
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(Dollars in millions, except per unit data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Net income | $527 | $874 | $394 |
| Other comprehensive income (loss), net of tax | |||
| Foreign currency translation adjustment | 1 | (1) | — |
| Actuarial gain (loss) related to pension and other postretirement benefit plans | (3) | 3 | — |
| (2) | 2 | — | |
| Comprehensive income | 525 | 876 | 394 |
| Less: Comprehensive income attributable to noncontrolling interests | — | 8 | — |
| Less: Comprehensive income attributable to Preferred unitholders | 34 | — | — |
| Less: Comprehensive loss attributable to Class D unitholder | (9) | — | — |
| Comprehensive income attributable to common units | $500 | $868 | $394 |
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