Sunoco LP Reports Higher Third-Quarter Profit, Expects to Exceed 2026 Ebitda Guidance

The Tip Desk · November 10, 2026 · 3 min read

Sunoco LP reported third-quarter 2026 revenue of $18.029 billion and net income of $499 million, and said it expects to exceed 2026 Adjusted EBITDA guidance of $3.5 billion to $3.7 billion.

Sunoco LP (SUN) reported revenue of $18.029 billion and net income of $499 million for the quarter ended September 30, 2026, compared with net income of $137 million a year earlier, and said it expects to exceed 2026 Adjusted EBITDA guidance of $3.5 billion to $3.7 billion.

The energy infrastructure and fuel distribution partnership completed the acquisition of Offen Petroleum on October 27, 2026. The range had been raised by $400 million in the second-quarter release.

Adjusted EBITDA was $1.049 billion, compared with $489 million in the third quarter of 2025. Excluding one-time transaction-related expenses of $11 million, Adjusted EBITDA was $1.060 billion. Distributable Cash Flow, as adjusted, was $588 million, compared with $326 million a year earlier.

Fuel Distribution remained the largest earnings contributor. Segment Adjusted EBITDA was $523 million, compared with $232 million a year earlier. The segment sold approximately 4.2 billion gallons of fuel. Fuel margin for all gallons sold was 16.8 cents per gallon. The company said volumes increased primarily due to the Parkland Acquisition, and that segment profit rose $515 million primarily due to Parkland and other acquisitions, partly offset by a $255 million increase in expenses.

The Refinery segment, which had no Adjusted EBITDA a year earlier, contributed $238 million. Average throughput was approximately 57 thousand barrels per day. The company attributed the increase to the Parkland Acquisition. Terminals Adjusted EBITDA was $122 million, compared with $75 million a year earlier, on average throughput of approximately 1.0 million barrels per day. The company said volumes increased due to recently acquired assets and that segment profit rose $81 million primarily due to Parkland and TanQuid, as well as improvement in the transmix business.

Pipeline Systems Adjusted EBITDA was $166 million, compared with $182 million a year earlier, with average throughput of approximately 1.3 million barrels per day. The company said the decrease reflected a $4 million drop in segment profit primarily due to prior-period contract deficiency payments and a $13 million decrease in Adjusted EBITDA related to ET-S Permian.

On October 22, 2026, SUN and SUNC announced a distribution of $1.0148 per unit, or $4.0592 per unit annualized, an increase of approximately 1.25% from the quarter ended June 30, 2026 and over 10% versus the third quarter of 2025. The company said it is the eighth consecutive quarterly increase. The partnership also said it delivered approximately 25% growth to Distributable Cash Flow per common unit and returned to its leverage target in less than one year following the Parkland acquisition.

At September 30, 2026, SUN had long-term debt of approximately $13.2 billion and about $2.3 billion of liquidity remaining on its revolving credit facility. The leverage ratio of net debt to Adjusted EBITDA was approximately 3.5 times. Total capital expenditures in the third quarter were $237 million, including $121 million of growth capital and $116 million of maintenance capital.