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Distributes and markets motor fuel through a wholesale network and owns fuel-distribution pipeline/terminal infrastructure.
Distributes and markets motor fuel through a wholesale network and owns fuel-distribution pipeline/terminal infrastructure.
Earns a margin on each gallon sold, much of it through long-term supply contracts with independent dealers and convenience-store operators, plus fees for moving and storing fuel through terminals and pipelines. Structured as a partnership, it pays out quarterly distributions. Energy Transfer owns its general partner. The 2024 purchase of NuStar added pipelines and terminals.
Moat: narrow (scale, distribution, installed base). An extensive fuel-distribution and terminal network with long-term supply agreements is costly to replicate.
Headquarters: Dallas, Texas, USA · Founded: 1886 · Employees: 8,910
Size Sunoco LP (SUN) is a United States Energy company (Wholesale Distributors) with a market value of $12.6B, the 673rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $61.73 on 6 Nov 2026.
Performance Over six months the shares fell 7.8%, against +1.0% for the median peer and -1.1% for the United States market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue grew 135.8% over the last twelve months (peer median +17.9%); the operating margin is 4.7% (peer median 34.4%).
Valuation It trades at 6.5× forward earnings against a peer median of 8.0× (8th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +19%, so the hurdle is -23 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.1 points above its cost of capital (6.1% WACC).
Backlog Backlog (remaining performance obligations) was $2.04B at 30 Sep 2026, up 76% on a year earlier — 0.0 years of trailing revenue. Backlog detail →
Credit Sunoco LP has 7 bonds outstanding ($4.99B), rated BB+ by the agencies and trading like BB+ at a weighted spread of 142 bp.
Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $51.6B | $25.2B | $22.7B | $23.1B | $25.7B |
| Revenue growth | — | +11% | -2% | -10% | — |
| Gross profit | $4.62B | $2.12B | $1.74B | $1.16B | $1.21B |
| EBITDA | $3.50B | $1.63B | $1.22B | $794M | $879M |
| Net income | $1.18B | $338M | $716M | $311M | $397M |
| Free cash flow | n/a | $687M | $213M | $394M | $383M |
| Capital expenditure | n/a | $577M | $344M | $215M | $186M |
| Total debt | $14.7B | $14.9B | $8.00B | $4.11B | $4.12B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Sunoco LP SUN | $12.6B | -8% | +136% | 5% | 6.5× | -3.8% |
| Global Partners LP GLP | $1.53B | -8% | +20% | 2% | 11.3× | -7.7% |
| Marathon Petroleum MPC | $101B | +53% | +32% | 12% | 5.1× | -16.8% |
| Casey's CASY | $25.4B | -20% | +14% | 6% | 32.3× | 11.1% |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SUN | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -16.2% | -9.3% | 7th lowest of 21 |
| 6-month return | -7.8% | +1.0% | 8th lowest of 21 |
| Distance from 52-week high | -23.1% | -22.6% | 11th highest of 21 |
| Revenue growth (TTM) | +135.8% | +17.9% | highest of 21 |
| Operating margin | 4.7% | 34.4% | 2nd lowest of 21 |
| Forward P/E | 6.5× | 8.0× | 8th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -3.8% | -5.2% | 9th most demanding of 19 |
| Growth delivered (Del g) | +18.7% | +15.0% | 9th highest of 19 |
| Hurdle (Req g minus delivered) | -22.5 pp | -21.5 pp | 10th least demanding of 19 |
| ROIC minus cost of capital | +2.1 pp | +5.9 pp | 6th lowest of 21 |
| EV / EBITDA | 8.0× | 5.1× | 7th most expensive of 20 |
| Net debt / EBITDA | 4.0× | 1.0× | 2nd most indebted of 21 |
| Bond spread | 142 bp | 110 bp | 4th widest of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sunoco LP SUN | United States | $12.6B | -8% | +136% | 5% | 6.5× | -3.8% | +18.7% |
| DT Midstream DTM | United States | $11.6B | -20% | +13% | 50% | 23.5× | 12.4% | +10.5% |
| Range Resources RRC | United States | $11.4B | +20% | +18% | 33% | 12.1× | -1.7% | +10.9% |
| Antero Resources AR | United States | $11.1B | 0% | +22% | 23% | 7.8× | -4.1% | +15.1% |
| APA APA | United States | $15.6B | +26% | -12% | 41% | 7.5× | -20.0% | +15.0% |
| Frontline FRO | United States | $10.1B | +15% | +49% | 49% | 4.2× | -12.5% | +10.3% |
| Ovintiv OVV | United States | $16.3B | +5% | +14% | 29% | 7.1× | -10.9% | +9.4% |
| Western Midstream Partners, LP WES | United States | $16.5B | -8% | +18% | 39% | 9.9× | 3.2% | +8.6% |
| HF Sinclair DINO | United States | $16.7B | +34% | +29% | 14% | 5.0× | -20.0% | +19.1% |
| Plains All American Pipeline, L.P PAA | United States | $16.9B | +10% | +9% | 3% | 13.9× | 6.5% | +13.4% |
| YPF SA Sponsored ADR YPF | United States | $17.8B | -9% | -14% | 22% | 4.9× | n/a | n/a |
| Antero Midstream AM | United States | $8.97B | -9% | +8% | 55% | 15.1× | 2.5% | +5.3% |
| Permian Resources PR | United States | $18.2B | +10% | +13% | 36% | 8.1× | -2.0% | +54.2% |
| Texas Pacific Land TPL | United States | $18.8B | -31% | +21% | 75% | 26.7× | 9.4% | +21.4% |
| Expand Energy EXE | United States | $19.5B | -11% | +20% | 20% | 10.8× | -7.6% | +20.3% |
| PBF Energy PBF | United States | $8.16B | +65% | +32% | 8% | 2.6× | n/a | n/a |
| Kinetik KNTK | United States | $7.92B | +3% | +10% | 9% | 25.1× | 33.0% | +63.6% |
| Chord Energy CHRD | United States | $7.47B | 0% | +19% | 19% | 6.3× | -13.4% | +38.6% |
| SM Energy SM | United States | $7.12B | +2% | +100% | 38% | 3.5× | -13.6% | +22.9% |
| National Fuel Gas NFG | United States | $6.98B | -8% | +13% | 37% | 10.2× | -6.2% | +9.1% |
| Vista Energy SAB de CV Sponsored ADR VIST | United States | $6.91B | -12% | +84% | 40% | 4.6× | -13.4% | +55.3% |
Sunoco LP has 7 bonds outstanding with $4.99B face value. The agencies rate it BB+; its bonds trade like BB+. Weighted yield 6.07%, a spread of 142 bp over government bonds.
Sunoco LP reported $2.04B of remaining performance obligations at 30 Sep 2026, up 76% from a year earlier and up 44% from the previous quarter. That is 0.0 years of trailing revenue already under contract. Book-to-bill last quarter: 1.03.