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As used in this report, the terms Partnership, Sunoco, we, us or our should be understood to refer to Sunoco LP and our consolidated subsidiaries as applicable and appropriate. As of February 13, 2026, Energy Transfer owned 100% of the membership interest in our General Partner, 28,463,967 of our common units and all of our IDRs.
Operating margin is thin at 3.71%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 11.1%, still solid.
Net debt of $14.05B represents 22.8x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$30.71B
▲ +11.1% YoY
Net Income (TTM)
$964M
▼ -39.1% YoY
Op. Margin
4.90%
▲ +0.2pp YoY
ROIC
—
Cash Flow & Balance Sheet
FCF (TTM)
$815M
▲ +200.0% YoY
Op. Cash Flow (TTM)
$1.49B
▲ +117.1% YoY
Net Debt
$15.24B
Cash & Equiv.
$718M
5Y CAGR: +18.7%
5Y CAGR: +10.2%
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