Sunoco LP Reports Revenue Decline to $5.39 Billion and Net Income Drop in Q2 2025

Sunoco LP reported a significant decline in financial performance for the second quarter of 2025, with total revenues of $5.39 billion, down from $6.17 billion in the same period last year. The decrease in revenue was primarily attributed to a drop in sales revenue, which fell to $5.05 billion from $5.85 billion year-over-year. Net income for the quarter also saw a substantial decline, totaling $86 million compared to $501 million in the prior year, largely due to the absence of a $598 million gain from the sale of convenience stores in West Texas that occurred in April 2024.

In terms of operational metrics, Sunoco LP's Adjusted EBITDA increased to $454 million for the second quarter of 2025, up from $320 million in the same quarter of 2024. This improvement was driven by a rise in segment profit, particularly in the Pipeline Systems and Terminals segments, which benefited from recent acquisitions. The Pipeline Systems segment reported a notable increase in Adjusted EBITDA, reflecting the impact of the NuStar acquisition completed in May 2024. The Fuel Distribution segment, however, experienced a decrease in profit per gallon sold, contributing to the overall decline in net income.

Strategically, Sunoco LP has been active in pursuing acquisitions to bolster its market position. The company announced plans to acquire Parkland Corporation in a transaction valued at approximately $9.1 billion, which is expected to close in the fourth quarter of 2025. Additionally, Sunoco is set to acquire TanQuid, a German fuel terminal operator, for approximately €500 million. These acquisitions are part of Sunoco's strategy to expand its operational footprint and enhance its service offerings in the energy sector.

As of June 30, 2025, Sunoco LP reported total assets of $14.43 billion, a slight increase from $14.38 billion at the end of 2024. The company maintained a strong liquidity position with $116 million in cash and cash equivalents and $1.24 billion available under its $1.50 billion revolving credit facility. The partnership's total debt stood at $7.80 billion, reflecting an increase from $7.49 billion at the end of the previous fiscal year. Looking ahead, Sunoco LP anticipates that its ongoing acquisitions and operational improvements will position the company for future growth, despite the challenges posed by fluctuating market conditions and increased competition in the energy sector.