Sunoco LP
For the period ended Sep 30, 2026. Filed Nov 5, 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.
Sep 30, 2026 · Filed Nov 5, 2026
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12. Revenue
- Revenue
The following table depicts the disaggregation of revenue:
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Fuel | $17,225 | $5,638 | $40,487 | $15,436 |
| Non-fuel | 268 | 73 | 864 | 215 |
| Lease income | 47 | 31 | 129 | 90 |
| Pipeline throughput | 175 | 165 | 537 | 486 |
| Terminal throughput | 42 | 29 | 123 | 87 |
| Refinery | 117 | — | 398 | — |
| Other | 155 | 96 | 440 | 287 |
| Total revenues | $18,029 | $6,032 | $42,978 | $16,601 |
Contract Balances with Customers
The following table presents the opening and closing balances of the Partnership’s contract assets for the periods presented:
| Contract Assets | Accounts receivable from contracts with customers | |
|---|---|---|
| December 31, 2025 | $480 | $1,686 |
| September 30, 2026 | 591 | 3,600 |
| Increase | $111 | $1,914 |
| December 31, 2024 | $288 | $1,084 |
| September 30, 2025 | 344 | 1,246 |
| Increase | $56 | $162 |
The following tables summarize the consolidated activity of the Partnership's contract liabilities for the periods presented:
| Contract Liabilities | |
|---|---|
| Balance, December 31, 2025 | $125 |
| Additions | 79 |
| Revenue recognized | (81) |
| Balance, September 30, 2026 | $123 |
| Contract Liabilities | |
|---|---|
| Balance, December 31, 2024 | $39 |
| Additions | 17 |
| Revenue recognized | (19) |
| Balance, September 30, 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 September 30, 2026:
| Remaining Performance Obligations | ||
|---|---|---|
| 2026 | (remaining) | $123 |
| 2027 | 355 | |
| 2028 | 237 | |
| 2029 | 273 | |
| 2030 | 247 | |
| Thereafter | 803 | |
| Total | $2,038 | |
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 September 30, 2026 and 2025, respectively, and $51 million and $28 million for the nine months ended September 30, 2026 and 2025, respectively.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.