AI-extracted from the 10-Q filed 2026-08-06 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Q2 revenue surged to $14.3B (+165% YoY) driven by Parkland Acquisition, with Adjusted EBITDA doubling to $982M and net income rising 229% to $283M.
Biggest Revenue Drivers
Terminals$571M+66% YoY
Throughput increased 52% to 1,065 thousand barrels/day from acquisitions including Parkland and TanQuid.
Pipeline Systems$207M+14% YoY
Throughput increased 9% to 1,347 thousand barrels/day from market demand and regulatory relief on rates.
Biggest Revenue Drivers
Total revenue: $14.3B+165% YoY
Terminals$571M+66% YoY
Throughput increased 52% to 1,065 thousand barrels/day from acquisitions including Parkland and TanQuid.
Pipeline Systems$207M+14% YoY
Throughput increased 9% to 1,347 thousand barrels/day from market demand and regulatory relief on rates.
Refinery$993MNew
Burnaby Refinery acquired via Parkland; operated at 97% crude utilization with 54 thousand barrels/day throughput.
Largest Expense Items
Cost of sales$12.8B+165% YoY
Increased proportionally with higher fuel volumes from acquisitions.
Depreciation, amortization and accretion$282M+83% YoY
Increased from additional depreciation on recently placed-in-service assets and acquired assets.
Interest expense, net$204M+66% YoY
Increased due to higher average long-term debt including debt assumed in Parkland Acquisition.
Operating expenses$381M+163% YoY
Increased primarily from Parkland Acquisition and other recent acquisitions.
Margins: Gross profit increased significantly to $1.2B from $416M, driven by Parkland acquisition and higher fuel volumes. Operating income improved to $583M from $203M despite doubling depreciation, reflecting strong segment performance and favorable inventory valuation adjustments.
Watch Items from the Filing
Parkland Acquisition integration ongoing; contributed $175M Refinery Adjusted EBITDA in Q2 2026 and added European terminal operations (TanQuid: 16 terminals). Successfully managing multi-segment expansion.
Net leverage ratio at 3.7x as of June 30, 2026; senior debt increased to $13.3B. Partnership issued $1.2B new senior notes in March 2026 while redeeming $1.1B maturing notes.
Announced $600M U.S. fuel distribution network acquisition on August 5, 2026, expected to close Q4 2026; demonstrates continued M&A momentum post-Parkland integration.
Energy Transfer owns 28.5M common units (21% of units), 100% of General Partner and all IDRs, plus controls SunocoCorp holding all 51.5M Class D units; creates ongoing related-party transaction and conflict-of-interest risk.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Officers, directors and 10% owners with a Form 4 filed in the last 24 months, most recent first. From SEC EDGAR.
Harkness AustinEVP, Chief Commercial OfficerGrant or award · Jun 25, 2026
Hand Brian AEVP-Chief Sales OfficerGrant or award · Jun 25, 2026
Washburne Ray WReporting ownerGrant or award · Jan 2, 2026
Skidmore David KReporting ownerGrant or award · Jan 2, 2026
Smith W BrettReporting ownerGrant or award · Jan 2, 2026
Alvarez Oscar A.Reporting ownerGrant or award · Jan 2, 2026
Barron Bradley CReporting ownerGrant or award · Jan 2, 2026
Bramhall DylanCFOShares withheld for tax or exercise price · Dec 5, 2025
Kim JosephPresident & CEOGrant or award · Dec 5, 2025
Fails Karl REVP & Chief Operations OfficerGrant or award · Dec 5, 2025
About Sunoco LP (SUN): stock profile, AI score and financials
Sunoco LP (SUN) stock profile, AI quality score, and SEC EDGAR financial data, a Energy sector company. 13F Pro's AI-powered ranking engine scores SUN at 63.2/100 on a composite quality score built from its SEC filings, placing it at rank #606 of 2,896 stocks — the top 25% of the AI-ranked universe. SUN scores in the top quartile across revenue scale (96.0), revenue growth (87.1). Areas of concern include institutional flow (14.2) and free cash flow (39.3), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), Sunoco LP reports quarterly revenue of $14.3B, net income of $283.0M, an operating margin of 4.1%. Top institutional holders of SUN by reported 13-F value include ALPS ADVISORS, Invesco Ltd., GOLDMAN SACHS GROUP, based on the most recent SEC filings. SUN trades on the TXSE exchange and files with the SEC under CIK 1552275. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate SUN daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Sunoco LP directly from SEC EDGAR.