Sunoco LP
For the period ended Mar 31, 2026. Filed May 7, 2026.
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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, 2026 · Filed May 7, 2026
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12. Revenue
- Revenue
The following table depicts the disaggregation of revenue:
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Fuel | $9,875 | $4,807 |
| Non-fuel | 287 | 67 |
| Lease income | 39 | 29 |
| Pipeline throughput | 176 | 158 |
| Terminal throughput | 39 | 27 |
| Refinery | 146 | — |
| Other | 128 | 91 |
| Total revenues | $10,690 | $5,179 |
Contract Balances with Customers
The balances of the Partnership’s contract assets and contract liabilities as of March 31, 2026 and December 31, 2025 were as follows:
| March 31,2026 | December 31, 2025 | |
|---|---|---|
| Contract assets | $575 | $480 |
| Accounts receivable from contracts with customers | 3,006 | 1,686 |
| Contract liabilities | 127 | 125 |
The following tables summarize the consolidated activity of our contract liabilities:
| Contract Liabilities | |
|---|---|
| Balance, December 31, 2025 | $125 |
| Additions | 23 |
| Revenue recognized | (21) |
| Balance, March 31, 2026 | $127 |
| Contract Liabilities | |
|---|---|
| Balance, December 31, 2024 | $39 |
| Additions | 10 |
| Revenue recognized | (12) |
| Balance, March 31, 2025 | $37 |
Remaining Performance Obligations
The following table presents our estimated revenues from contracts with customers for remaining performance obligations that have not yet been recognized, representing our contractually committed revenue as of March 31, 2026:
| Remaining Performance Obligations | ||
|---|---|---|
| 2026 | (remaining) | $330 |
| 2027 | 293 | |
| 2028 | 213 | |
| 2029 | 148 | |
| 2030 | 122 | |
| Thereafter | 260 | |
| Total | $1,366 | |
Our contractually committed revenue, for purposes of the tabular presentation above, is generally limited to customer contracts that have fixed pricing and fixed volume terms and conditions, including contracts with payment obligations for minimum volume commitments.
Costs to Obtain or Fulfill a Contract
The Partnership recognized amortization on capitalized costs incurred to obtain contracts of $17 million and $9 million for the three months ended March 31, 2026 and 2025, respectively.
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