SUN financial statements

The full income statement, balance sheet, and cash-flow statement for Sunoco LP Common Units representing limited partner interests (SUN), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2025-09 182.6M2025-12 182.6M2026-03 182.6M2026-06 182.6M+0.0% over 3 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	25.2B YoY+11.1%	22.7B YoY-1.6%	23.1B YoY-10.3%	25.7B YoY+46.2%	17.6B YoY+64.3%
	—	—	—	—	1.35B YoY+27.8%
Cost of revenue	22.4B YoY+8.8%	20.6B YoY-5.1%	21.7B YoY-10.9%	24.4B YoY+49.9%	16.2B YoY+68.3%
	—	—	—	—	601M YoY-5.9%
Selling, general & administrative	296M YoY+6.9%	277M YoY+119.8%	126M YoY+5.0%	120M YoY+10.1%	109M YoY-2.7%
General & administrative	296M YoY+6.9%	277M YoY+119.8%	126M YoY+5.0%	120M YoY+10.1%	109M YoY-2.7%
Amortization of intangibles	45.0M YoY+21.6%	37.0M YoY-15.9%	44.0M YoY-8.3%	48.0M YoY-7.7%	52.0M YoY-8.8%
Operating income	935M YoY+18.2%	791M YoY+24.6%	635M YoY-6.3%	678M YoY-9.5%	749M YoY+79.6%
Interest expense	541M YoY+38.4%	391M YoY+80.2%	217M YoY+19.2%	182M YoY+11.7%	163M YoY-6.9%
Other non-operating income	83.0M YoY+1560.0%	5.00M YoY-28.6%	7.00M YoY+600.0%	1.00M	—
Equity-method income	143M YoY+138.3%	60.0M YoY+1100.0%	5.00M YoY+25.0%	4.00M YoY+0.0%	4.00M YoY-20.0%
Income tax	62.0M YoY-64.6%	175M YoY+386.1%	36.0M YoY+38.5%	26.0M YoY-13.3%	30.0M YoY+25.0%
	527M YoY-39.1%	866M YoY+119.8%	394M YoY-17.1%	475M YoY-9.4%	524M YoY+147.2%
Net income to non-controlling interest	0.00 YoY-100.0%	8.00M	0.00	0.00	—
Net income to common	313M YoY-56.3%	716M YoY+130.2%	311M	—	—
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	5.52B YoY+123.8%	2.46B YoY+27.9%	1.93B YoY-2.8%	1.98B YoY+66.4%	1.19B YoY+40.7%
Cash & equivalents	891M YoY+847.9%	94.0M YoY+224.1%	29.0M YoY-64.6%	82.0M YoY+228.0%	25.0M YoY-74.2%
Accounts receivable	1.97B YoY+69.7%	1.16B YoY+35.7%	856M YoY-3.8%	890M YoY+69.2%	526M YoY+78.3%
Inventory	2.38B YoY+123.1%	1.07B YoY+20.1%	889M YoY+8.3%	821M YoY+53.7%	534M YoY+39.8%
Other current assets	270M YoY+91.5%	141M YoY+6.0%	133M YoY-24.0%	175M YoY+84.2%	95.0M YoY+53.2%
	28.4B YoY+97.3%	14.4B YoY+110.6%	6.83B YoY-0.1%	6.83B YoY+17.5%	5.82B YoY+10.4%
Property, plant & equipment	13.4B YoY+74.7%	7.67B YoY+318.0%	1.84B YoY+4.3%	1.76B YoY+5.6%	1.67B YoY+17.0%
Operating lease right-of-use	1.45B YoY+203.8%	477M YoY-5.7%	506M YoY-3.4%	524M YoY+1.4%	517M YoY-3.5%
Goodwill	3.03B YoY+104.9%	1.48B YoY-7.6%	1.60B YoY-0.1%	1.60B YoY+2.1%	1.57B YoY+0.3%
Intangible assets	2.41B YoY+340.8%	547M YoY+0.6%	544M YoY-7.5%	588M YoY+8.5%	542M YoY-7.8%
Other non-current assets	928M YoY+132.0%	400M YoY+37.9%	290M YoY+18.4%	245M YoY+30.3%	188M YoY+11.9%
	4.00B YoY+105.3%	1.95B YoY+41.8%	1.37B YoY-2.3%	1.41B YoY+58.0%	890M YoY+36.3%
Accounts payable	2.48B YoY+98.0%	1.25B YoY+51.6%	828M YoY-14.3%	966M YoY+87.6%	515M YoY+92.9%
Accrued liabilities	953M YoY+108.5%	457M YoY+29.5%	353M YoY+13.9%	310M YoY+6.5%	291M YoY+3.2%
Deferred revenue	102M YoY+500.0%	17.0M	0.00	—	—
Short-term & current debt	17.0M YoY+750.0%	2.00M	0.00	0.00 YoY-100.0%	6.00M YoY+0.0%
Current lease liability	211M YoY+520.6%	34.0M YoY+54.5%	22.0M YoY+4.8%	21.0M YoY+10.5%	19.0M YoY+0.0%
	20.4B YoY+97.5%	10.3B YoY+76.2%	5.85B YoY-0.7%	5.89B YoY+17.7%	5.00B YoY+8.0%
Long-term debt	13.4B YoY+78.7%	7.48B YoY+109.1%	3.58B YoY+0.3%	3.57B YoY+33.8%	2.67B YoY-14.1%
Non-current lease liability	1.25B YoY+162.0%	479M YoY-6.3%	511M YoY-3.2%	528M YoY+1.3%	521M YoY-3.2%
Operating lease liability (total)	1.47B YoY+185.8%	513M YoY-3.8%	533M YoY-2.9%	549M YoY+1.7%	540M YoY-3.1%
Finance lease liability (total)	87.0M YoY+85.1%	47.0M YoY+422.2%	9.00M YoY+0.0%	9.00M YoY+0.0%	9.00M YoY+50.0%
Finance lease liability	233M YoY+76.5%	132M YoY+40.4%	94.0M YoY+0.0%	94.0M YoY-6.0%	100M YoY+3.1%
Deferred tax liabilities	1.14B YoY+625.5%	157M YoY-5.4%	166M YoY+6.4%	156M YoY+36.8%	114M YoY+9.6%
Other non-current liabilities	512M YoY+224.1%	158M YoY+36.2%	116M YoY+4.5%	111M YoY+6.7%	104M YoY-4.6%
Accumulated other comprehensive income	-6.00M YoY-400.0%	2.00M	0.00	—	—
Total liabilities & equity	28.4B YoY+97.3%	14.4B YoY+110.6%	6.83B YoY-0.1%	6.83B YoY+17.5%	5.82B YoY+10.4%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	1.19B YoY+117.1%	549M YoY-8.5%	600M YoY+7.0%	561M YoY+3.3%	543M YoY+8.2%
Depreciation & amortization	688M YoY+87.0%	368M YoY+96.8%	187M YoY-3.1%	193M YoY+9.0%	177M YoY-6.3%
Intangible amortization	45.0M YoY+21.6%	37.0M YoY-15.9%	44.0M YoY-8.3%	48.0M YoY-7.7%	52.0M YoY-8.8%
Share-based compensation	19.0M YoY+11.8%	17.0M YoY+0.0%	17.0M YoY+21.4%	14.0M YoY-12.5%	16.0M YoY+14.3%
Deferred income taxes	38.0M YoY+371.4%	-14.0M YoY-207.7%	13.0M YoY-53.6%	28.0M YoY+180.0%	10.0M YoY+100.0%
Change in receivables	-212M YoY-200.0%	212M YoY+723.5%	-34.0M YoY-110.9%	312M YoY+35.1%	231M YoY+322.1%
Change in inventory	275M YoY+3.8%	265M YoY+45.6%	182M YoY+5.8%	172M YoY+552.6%	-38.0M YoY-184.4%
Change in payables	129M YoY+344.8%	29.0M YoY-52.5%	61.0M YoY-84.4%	390M YoY+31.8%	296M YoY+281.6%
Other operating activities	40.0M YoY+671.4%	-7.00M	0.00	0.00	0.00
	-2.81B YoY-688.5%	477M YoY+265.6%	-288M YoY+37.9%	-464M YoY-19.9%	-387M YoY-222.5%
Capital expenditure	577M YoY+67.7%	344M YoY+60.0%	215M YoY+15.6%	186M YoY+18.5%	157M YoY+26.6%
Free cash flow	615M YoY+200.0%	205M YoY-46.8%	385M YoY+2.7%	375M YoY-2.8%	386M YoY+2.1%
Acquisitions	0.00	0.00	0.00	0.00	0.00
Proceeds from sale of PP&E	28.0M YoY+21.7%	23.0M YoY-25.8%	31.0M YoY-3.1%	32.0M YoY-5.9%	34.0M YoY+161.5%
Other investing activities	0.00	0.00 YoY-100.0%	2.00M	0.00	0.00
	2.41B YoY+351.0%	-961M YoY-163.3%	-365M YoY-812.5%	-40.0M YoY+82.5%	-228M YoY+25.5%
Long-term debt issued	0.00 YoY-100.0%	1.50B YoY+200.0%	500M	0.00 YoY-100.0%	800M YoY+0.0%
Long-term debt repaid	0.00 YoY-100.0%	421M	0.00	0.00 YoY-100.0%	1.25B YoY+112.2%
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	0.00	0.00	0.00	0.00	0.00
Dividends paid	—	0.00	0.00	0.00	0.00
Net change in cash	797M YoY+1126.2%	65.0M YoY+222.6%	-53.0M YoY-193.0%	57.0M YoY+179.2%	-72.0M YoY-194.7%
Interest paid	434M YoY+28.0%	339M YoY+67.8%	202M YoY+14.8%	176M YoY+1.1%	174M YoY+7.4%
Income taxes paid	—	135M YoY+365.5%	29.0M YoY-3.3%	30.0M YoY+114.3%	14.0M YoY-75.9%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	9.69B	—	—	—	—
P/E	18.4×	—	—	—	—
P/S	0.4×	—	—	—	—
P/FCF	15.8×	—	—	—	—
	5.4%	—	—	—	—
	6.3%	—	—	—	—
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: SUN's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all SUN filings on SEC EDGAR → Not investment advice.