Sunoco (NYSE:SUN) Posts Earnings Results

Sunoco (NYSE:SUN) released its earnings results on Tuesday. The oil and gas company reported $0.94 earnings per share for the quarter, missing the consensus estimate of $2.50 by ($1.56), FiscalAI reports. Sunoco had a net margin of 3.07% and a return on equity of 17.52%. The firm had revenue of $14.26 billion during the quarter, compared to analysts’ expectations of $11.05 billion. During the same quarter last year, the business earned $0.33 EPS. The business’s revenue was up 164.5% compared to the same quarter last year.

Here are the key takeaways from Sunoco’s conference call:

• Sunoco raised its 2026 Adjusted EBITDA guidance to $3.5 billion–$3.7 billion, $400 million above its original range, supported by strong first-half execution and contributions from recent acquisitions.
• Second-quarter Adjusted EBITDA reached $996 million, while Distributable Cash Flow was $608 million; the partnership raised its quarterly distribution by 1.25% sequentially and more than 10% year over year, with 2.1x trailing coverage.
• All four segments performed well, including a strong rebound in refining EBITDA to $175 million and continued growth in fuel distribution, pipeline, and terminal volumes. Management expects fuel distribution and midstream performance to remain strong in the second half.
• Management said its $500 million annual bolt-on acquisition target is a “modest bar” and expects to exceed it in 2026, while also pursuing quick-payback organic projects across its expanded North American, Caribbean, South American, and European footprint.
• Refining results remain sensitive to volatile crack spreads, which are the main reason for the EBITDA guidance range; management also expects second-half cash tax expense to be below first-half levels but acknowledged taxes have increased with stronger earnings.

Sunoco Trading Down 0.5%

Sunoco stock traded down $0.35 during midday trading on Wednesday, reaching $73.98. 65,677 shares of the stock traded hands, compared to its average volume of 484,152. The firm has a market cap of $15.15 billion, a PE ratio of 18.92 and a beta of 0.41. The company has a current ratio of 1.40, a quick ratio of 0.92 and a debt-to-equity ratio of 2.03. The company has a 50-day simple moving average of $68.91 and a two-hundred day simple moving average of $65.63. Sunoco has a 12-month low of $47.98 and a 12-month high of $78.11.

Sunoco Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Friday, August 7th will be given a dividend of $1.0023 per share. This is an increase from Sunoco’s previous quarterly dividend of $0.99. This represents a $4.01 annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Friday, August 7th. Sunoco’s dividend payout ratio (DPR) is 101.28%.

Key Stories Impacting Sunoco

Here are the key news stories impacting Sunoco this week:

• Positive Sentiment: Sunoco reported second-quarter net income of $283 million, up from $86 million a year earlier. Revenue rose 164.5% to $14.26 billion, while adjusted EBITDA increased to $982 million from $454 million. Sunoco Q2 2026 financial and operating results
• Positive Sentiment: Management raised full-year 2026 adjusted EBITDA guidance by $400 million to $3.5 billion-$3.7 billion, citing contributions from acquisitions and potential refining-sector upside. Sunoco raises 2026 EBITDA guidance
• Positive Sentiment: Adjusted distributable cash flow reached $608 million, compared with $300 million in the prior-year quarter. Sunoco also declared a $1.0023-per-unit quarterly distribution, more than 10% above the year-earlier payout. Sunoco Q2 earnings and guidance update
• Neutral Sentiment: The earnings call highlighted strong growth momentum, but investors are weighing acquisition-driven expansion against approximately $13.3 billion of long-term debt and refinancing sensitivity. Sunoco earnings call highlights
• Negative Sentiment: Reported earnings of $0.94 per unit fell well short of the $2.50 analyst consensus, even though revenue exceeded estimates. The earnings miss is the clearest near-term reason for the weaker unit price. Sunoco Q2 earnings report
• Negative Sentiment: One analyst argued that Sunoco’s strong results are already reflected in its valuation and downgraded the units because of the partnership’s long-term IDR burden. Higher interest rates could also weigh on high-yield income investments. Sunoco valuation and IDR downgrade analysis

Institutional Investors Weigh In On Sunoco

Several large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its position in Sunoco by 266.6% in the 4th quarter. JPMorgan Chase & Co. now owns 1,626,278 shares of the oil and gas company’s stock valued at $85,233,000 after buying an additional 1,182,662 shares during the period. Morgan Stanley raised its stake in shares of Sunoco by 60.5% in the fourth quarter. Morgan Stanley now owns 1,639,420 shares of the oil and gas company’s stock valued at $85,922,000 after acquiring an additional 617,700 shares in the last quarter. Susquehanna Portfolio Strategies LLC purchased a new position in Sunoco in the fourth quarter valued at $5,260,000. Corient Private Wealth LLC grew its stake in Sunoco by 366.8% during the 4th quarter. Corient Private Wealth LLC now owns 70,040 shares of the oil and gas company’s stock worth $3,671,000 after purchasing an additional 55,035 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Sunoco by 25.4% during the 4th quarter. Wells Fargo & Company MN now owns 201,360 shares of the oil and gas company’s stock worth $10,553,000 after purchasing an additional 40,806 shares during the period. 24.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SUN. JPMorgan Chase & Co. raised their price objective on Sunoco from $73.00 to $84.00 and gave the company an “overweight” rating in a report on Friday, July 24th. Citigroup raised their target price on shares of Sunoco from $65.00 to $73.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Barclays upped their target price on Sunoco from $78.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday. Wells Fargo & Company boosted their price target on shares of Sunoco from $77.00 to $82.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Wall Street Zen raised shares of Sunoco from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $78.00.

Sunoco Company Profile

Sunoco LP (NYSE: SUN) is an independent master limited partnership that specializes in the distribution and marketing of transportation fuels and related products. The company operates through two primary segments: wholesale fuel distribution and retail marketing. In wholesale distribution, Sunoco supplies branded fuels to distributors, commercial customers and resellers across the United States. Its retail marketing arm operates a network of company‐owned and franchised Sunoco branded service stations and convenience stores, providing gasoline, diesel, ethanol blends and lubricants to consumers.

Sunoco’s product portfolio extends beyond traditional fuels to include biofuels, specialty chemicals and on‐road diesel treated to meet ultra‐low sulfur requirements.