Company Analysis

Sunoco L.P. (SUN)

TXSE: SUN · Petroleum Refining · Dallas, TX · filing with the SEC since 2012
Grade4.9
◀ Past 3.0● Present 5.6▶ Future 6.8
2 est.

The grade of Sunoco L.P.

Nine metrics read from its own filings, by tense
Headline grade
4.9/10
◀ Past3.040% of the headline
● Present5.635% of the headline
▶ Future6.825% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

3.0/1040% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
1.1/10

Has it survived what it has been through?

1 warning event since 2017; the latest 2026-09-10.

weight 45% of this tense · 11th percentile among 18 sector filers · read for itself

From the record

Sunoco L.P.'s filings since 2017 show 1 warning event: a notice about its exchange listing (8-K item 3.01, the latest 2026-09-10) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
6.9/10

What has it actually done, year after year?

+10.8% a year over 10 filed years; profitable in 8 of 10.

weight 33% of this tense · 69th percentile among 17 sector filers · read for its customers

From the record

Sunoco L.P.'s 10 filed years say what it did: revenue went from $10.0 billion in fiscal 2016 to $25 billion in fiscal 2025, up 10.8% a year; it rose in 5 of 9 years; the deepest fall was 37% from fiscal 2018 to fiscal 2020; net income was positive in 8 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span10.8%top 15% of its family
  • the share of years revenue rosetop 29% of its family
  • the share of filed years with a profittop 47% of its family
  • the deepest fall from a revenue peak37.0%top 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
1.2/10

How has it treated the people who own it?

SI estimate 1.2/10, confidence 35 of 100 (one part).

weight 22% of this tense · 12th percentile among 17 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the cash returned against operating cash flow, which ranks in the bottom 12% of 17 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: cash returned against operating cash flow, the one part on file, ranked among 17 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Sunoco L.P.'s shareholder treatment is put at 1.2 of 10 with a confidence of 35 of 100, because read from one part only, the cash returned against operating cash flow, which ranks in the bottom 12% of 17 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

5.6/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

SI estimate
4.9/10

Is it financially healthy right now?

SI estimate 4.9/10, confidence 20 of 100 (family median).

weight 45% of this tense · 50th percentile among 15 sector filers · read for itself

SI estimate Inferred, not read as filed

Why it is an estimate
No balance sheet on file, so the desk assumes the typical reading of its industry family, the median of 15 members with one.
What the record cannot read
No balance sheet on file.
How it was reasoned
family median, 15 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Sunoco L.P.'s financial health is put at 4.9 of 10 with a confidence of 20 of 100, because no balance sheet on file, so the desk assumes the typical reading of its industry family, the median of 15 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

Industry position

as filed
6.0/10

How strong is its position in its industry?

top 40% of 17 in its family; net margin 2.1%.

weight 33% of this tense · 60th percentile among 17 sector filers · read for its customers

From the record

Sunoco L.P.'s standing among 17 graded names in its industry family: revenue of $25 billion in fiscal 2025 ranks in the bottom 40% by size; a net margin of 2.1% ranks in the top 44%; revenue growth of -0.7% a year over the last 3 filed years ranks in the top 15% (its annual reports).

What it rests on

  • revenue against the family$25.20Bbottom 40% of its family
  • net margin2.1%top 44% of its family
  • three-year revenue growth-0.7%top 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
6.6/10

What are the people in charge doing?

top 34% of 10 in its family for leadership; chief executive since 2018.

weight 22% of this tense · 66th percentile among 10 sector filers · read for its shareholders

From the record

Sunoco L.P.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Kim, Joseph (President & CEO, as filed), filing under that title since 2018-12-07, 7.9 years (top 35% of its family); the 11 officers and directors filing in the last fifteen months have been on the record a median of 6.1 years (top 45%); 3 officer or director changes were reported on Form 8-K since 2023-11-13, against the 11 people in charge now (top 21%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge3 in three years among 11 peopletop 21% of its family
  • the median years the people in charge have filed6.1 yearstop 45% of its family
  • the chief executive's years on the record7.9 yearstop 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

6.8/1025% of the headline grade · 3 of 3 filed

Room to expand

as filed
3.9/10

How much room does it have to grow?

bottom 39% of 16 in its family for room to expand.

weight 22% of this tense · 39th percentile among 16 sector filers · read for itself

From the record

Sunoco L.P.'s room to grow, from the newest filed statements (fiscal 2025): cash of $891 million against debt of $13 billion leaves -44% of its assets as net cash, bottom 12% of its family; cash from operations less capital spending is 4.7% of revenue (top 50%); a gross margin of 11.1% (top 46%) (its annual report).

What it rests on

  • cash less debt against assets-44.0%bottom 12% of its family
  • cash from operations less capital spending against revenue4.7%top 50% of its family
  • gross margin11.1%top 46% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
7.1/10

What could actually drive growth from here?

top 29% of 17 in its family for growth drivers.

weight 33% of this tense · 71st percentile among 17 sector filers · read for its customers

From the record

Sunoco L.P.'s growth drivers, from the filed years to fiscal 2025: revenue grew -0.7% a year over the last three filed years against 10.8% over all 10, slowing (top 26% of its family); the newest year grew 11.1% (top 6%); capital spending grew 7.9% a year (bottom 46%) (its annual reports). Sunoco L.P. reported 3 product lines in fiscal 2025: Sales Revenue at $24 billion (94%), Service Revenue at $1.4 billion (5%), Lease Revenue at $130 million (1%); 3 of 3 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-11.5 points a yeartop 26% of its family
  • the newest year's revenue growth11.1%top 6% of its family
  • three-year growth of capital spending7.9%bottom 46% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
8.0/10

Did its newest year beat what its own record pointed to?

top 20% of 16 in its family for expectations against reality.

weight 45% of this tense · 80th percentile among 16 sector filers · read for its shareholders

From the record

Sunoco L.P.'s newest year against its own record: revenue of $25 billion in fiscal 2025 came in 18.2% above the $21 billion its prior three years' pace pointed to (top 16% of its family); net income of $527 million against a prior three-year average of $581 million (top 22%); a net margin of 2.1% against 2.5% before (top 22%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace18.2%top 16% of its family
  • net income against the prior three years' average-9%top 22% of its family
  • net margin against its prior average-0.4 pointstop 22% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton SUN · research, not advice