Sunoco LP

NYSE:SUN Stock Report

Market Cap: US$9.2b

Sunoco Future Growth

Future criteria checks 3/6

Sunoco is forecast to grow earnings and revenue by 24.8% and 11.1% per annum respectively. EPS is expected to grow by 17.9% per annum. Return on equity is forecast to be 6.9% in 3 years.

Key information

24.8%

Earnings growth rate

17.90%

EPS growth rate

Oil and Gas earnings growth10.9%
Revenue growth rate11.1%
Future return on equity6.94%
Analyst coverage

Low

Last updated06 May 2026

Recent future growth updates

Recent updates

Seeking Alpha • May 09

Sunoco: Distribution Growth Is Set To Continue

Summary Sunoco LP remains a buy, supported by robust Q1 results, stable fee-driven growth, and a healthy 5.9% distribution yield. Q1 EBITDA hit $867M, boosted by Parkland acquisition and favorable market volatility; distribution coverage is a strong 1.9x. Parkland integration is on track, with $125M in-year cost savings and $250M+ run-rate synergies expected; management reaffirmed full-year guidance. IDRs paid to ET cap long-term distribution growth, but SUN can sustain 5% annual growth through 2031 via excess coverage and accretive M&A. Read the full article on Seeking Alpha
Narrative Update • Apr 27

SUN: Rising Distributions And Debt Offering Will Support Steady Forward Outlook

Analysts have kept their average price target for Sunoco steady at $67.25, citing slightly adjusted assumptions around discount rate, revenue growth, profit margin, and future P/E expectations as the key drivers behind the unchanged view. What's in the News Sunoco LP declared a quarterly distribution of $0.9899 per common unit, or $3.9596 annualized, for the quarter ended March 31, 2026.
Narrative Update • Apr 11

SUN: Fixed Income Offering And Rising Distribution Will Support Fair Value Outlook

Analysts have kept Sunoco's fair value estimate steady at $67.25, citing slightly adjusted discount rate and forward P/E inputs as the key drivers behind the unchanged price target. What's in the News BofA Securities, Inc.
Narrative Update • Mar 27

SUN: Fixed Income Offering And Distribution Policy Will Support Fair Value Outlook

Analysts have raised their Sunoco price target from $65.88 to $67.25, citing updated assumptions about the discount rate, profit margin, and future P/E as the key drivers behind the change. What's in the News BofA Securities, Inc.
Narrative Update • Mar 13

SUN: Fixed Income Deal And Higher Distribution Will Support Fairly Valued Outlook

Analysts have kept their Sunoco price target effectively unchanged at about $65.88, citing steady assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E as support for maintaining this level. What's in the News BofA Securities, Inc.
Narrative Update • Feb 27

SUN: Future Distribution Stability Will Balance Racing Partnership Ambitions

Analysts have raised their Sunoco price target from $64.71 to $65.88, reflecting updated views on revenue growth assumptions, profit margins, and the P/E multiple applied to the stock. What's in the News Sunoco LP declared a quarterly distribution of $0.9317 per common unit, or $3.7268 on an annualized basis, for the quarter ended December 31, 2025, with payment scheduled for February 19, 2026 to holders of record on February 6, 2026 (Key Developments).
Seeking Alpha • Apr 28

Sunoco: Tariff Resistant But Fairly Valued (Rating Downgrade)

Summary Shares of Sunoco LP have shown strong performance, returning about 10% over the past year, driven by stable cash flow and secure dividends. SUN operates a resilient fuel distribution business with limited commodity risk, benefiting from take-or-pay contracts and strategic acquisitions like NuStar. Despite economic uncertainties, the Company's strong balance sheet and conservative growth spending strategy support continued distribution growth and financial stability. Given current valuation and limited capital appreciation potential, I am downgrading Sunoco shares to a 'Hold' for income-focused investors. Read the full article on Seeking Alpha
Seeking Alpha • Feb 17

Sunoco: Have Your Growth, And Income Too

Summary Sunoco LP is a leading midstream company with a robust asset base, rising margins, and a well-supported 6.2% yield, making it attractive for income investors. The NuStar acquisition expanded SUN's infrastructure, driving record EBITDA growth and positioning the company for long-term success, with $150 million in expected synergies by 2027. Favorable industry dynamics, including constrained pipeline and storage capacity, enhance the value of SUN's existing assets, ensuring strong demand and utilization. Read the full article on Seeking Alpha
Seeking Alpha • Dec 05

Sunoco: Excess Retained Cash Flow Creates An Opportunity (Rating Upgrade)

Summary Sunoco LP has underperformed the market, gaining only 4% over the past year, but its integration of NuStar assets has been successful, boosting EBITDA and DCF significantly. Despite a rise in G&A expenses due to the NuStar acquisition, SUN achieved $60 million in synergies, with management confident in hitting $125 million next year. The company's balance sheet has recovered quickly, achieving a 4x net debt/EBITDA leverage target, allowing for potential capital returns to unitholders, though distribution growth will be gradual. With a solid financial position and a potential 14% return over three years, I am upgrading Sunoco shares to a buy, expecting shares to return towards $60. Read the full article on Seeking Alpha
Seeking Alpha • Sep 26

Sunoco-NuStar Transformation Will Fuel Growth And Secure Dividend

Summary Sunoco LP's acquisition of NuStar Energy creates a vertically integrated oil and gas giant with a market cap of $7.36 billion and extensive pipeline and terminal assets. The Q2 2024 earnings report shows successful initial integration, with adjusted EPS of $1.48 and total revenue of $6.17 billion, beating analyst expectations. Despite increased debt from the acquisition, Sunoco's strong top-line performance and distributable cash flow support a healthy dividend yield of 6.56%. S&P and other credit agencies upgraded SUN's ratings, expecting EBITDA expansion and deleveraging to about 4x by fiscal 2026, justifying a Buy rating. Read the full article on Seeking Alpha
User avatar
New Narrative • Aug 27

Decisive Moves And Acquisitions Set To Fuel Revenue And Net Margin Growth

Sunoco's strategic moves, including joint ventures and acquisitions, aim to enhance operational efficiencies, market reach, and cost savings, indicating potential revenue growth.
Seeking Alpha • Aug 12

Examining Sunoco LP After The NuStar Energy Acquisition

Summary Sunoco LP distributes motor fuels to independent dealers, distributors, and commercial customers in over 40 states, totaling 8.3 billion gallons in 2023, via five subsidiary oil companies. Recent M&A activity includes acquisitions of transportation terminals, processing facilities, and convenience stores, culminating in the transformational acquisition of NuStar Energy LP for $7.3 billion. I create pro forma financial statements by combining recent financial results of NuStar and Sunoco to evaluate the investability of the senior notes and the common units after the merger. The senior debt is slightly speculative due to Sunoco's high leverage levels, while the common units are currently overpriced. I set a price target of $38.92 on the common units. Read the full article on Seeking Alpha
Seeking Alpha • Jun 19

Sunoco: IDR Burden Offsets Solid Business Fundamentals

Summary Sunoco LP shares have performed well over the past year, but have generated just a 10% return compared to the market's 30% gain since my last article. Recent acquisitions and transactions have diversified and enlarged Sunoco's business, with a reaffirmed adjusted EBITDA guidance and increased synergies from NuStar. Sunoco's fee-based cash flows provide predictability, but incremental IDR payments limit long-term distribution growth potential, likely making it a market performer. Read the full article on Seeking Alpha
Seeking Alpha • Apr 12

Sunoco LP: Big Deal Coming In 2024 - Mr. Market Says 'So What?'

Summary Sunoco LP is set to acquire NuStar Energy L.P. in a $7.3 billion deal, combining the largest US fuel distributor with a major midstream company. The acquisition is expected to close in Q2 2024 and will allow Sunoco to reduce leverage and increase cash flow. Sunoco's earnings for 2023 saw a record high in adjusted EBITDA, while its dividend yield is currently at 6.18%. Read the full article on Seeking Alpha
Seeking Alpha • Jan 25

A Fair Deal Between Sunoco And NuStar Energy

Summary Sunoco announces acquisition of NuStar Energy in a $7.3 billion all-equity deal, causing Sunoco's shares to drop and NuStar Energy's shares to rise. The deal involves NuStar Energy shareholders receiving 0.400 of a share of Sunoco stock for each share they own. The integration of the two companies is expected to result in $150 million worth of synergies and $50 million in annual savings from refinancing and paying off existing securities. Read the full article on Seeking Alpha
Seeking Alpha • Jan 19

Sunoco: An Attractive Investment Prospect At An Unattractive Price Point

Summary Sunoco LP has delivered impressive stock performance, trading at historic highs and surpassing revenue expectations. Concerns for potential investors include a decline in YoY revenue and a high payout ratio. Sunoco has taken strategic actions to improve its financial health and growth opportunities, such as divesting convenience stores and considering the acquisition of international liquid fuel terminals. Read the full article on Seeking Alpha
Seeking Alpha • Nov 17

Sunoco Q3: Operational Performance Has Been Strong, But Stock Looks Fairly Valued

Summary SUN reported solid Q3 results, with strong volume growth. The company raised its full-year adjusted EBITDA outlook for the second time this year. While its operational performance has been strong, the stock looks fairly valued at the moment. Read the full article on Seeking Alpha
Seeking Alpha • Nov 01

Sunoco: Steady Q3 Results With Shares At Fair Value

Summary Sunoco LP's stock has performed well over the past year, rising nearly 15% and responding positively to Q3 earnings. The company generates steady distributable cash flow and has healthy distribution coverage. However, Sunoco has limited growth prospects, making it a hold for income-oriented investors. Read the full article on Seeking Alpha
Seeking Alpha • Sep 01

Sunoco Is A Solid Income Option, But IDRs Are Burdensome

Summary Sunoco has been growing its EBITDA and is a potential option for income-oriented investors. The transition from combustible engine vehicles to electric vehicles (EVs) poses a risk to Sunoco. Sunoco's opportunities lie in margins, volumes, and acquisitions. Read the full article on Seeking Alpha
Seeking Alpha • Jun 23

Sunoco: 8% Yield At The Pump, Record EBITDA

Summary SUN yields 7.73% with strong 1.9X coverage. It had record EBITDA in Q1 '23. We compare SUN to CAPL for valuations, profitability, leverage, and performance. Read the full article on Seeking Alpha
Seeking Alpha • Jun 03

Sunoco: Income Investors Should Take Note Of This Undervalued Opportunity

Summary Sunoco LP is a major player in the US oil and gas industry, with a diverse range of products and services, and a strong logistics infrastructure. SUN has seen consistent revenue growth over the past decade and recently closed its second acquisition in six months, purchasing 16 terminals from Zenith Energy. Despite potential risks from a US recession, Sunoco is well positioned for growth and investors should be confident in the company's leadership and strategy. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NYSE:SUN - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202844,9721,6481,680N/A2
12/31/202745,1311,5421,487N/A3
12/31/202643,6751,4551,470N/A2
3/31/202630,712571N/AN/AN/A
12/31/202525,2013136151,192N/A
9/30/202521,870402373923N/A
6/30/202521,589279238732N/A
3/31/202522,37368915419N/A
12/31/202422,693716205549N/A
9/30/202423,065487315610N/A
6/30/202423,634773160399N/A
3/31/202423,205384341560N/A
12/31/202323,068311385600N/A
9/30/202323,345473116337N/A
6/30/202323,619285423641N/A
3/31/202325,689321667864N/A
12/31/202225,729397375561N/A
9/30/202224,765442492671N/A
6/30/202222,950463424605N/A
3/31/202219,527508232414N/A
12/31/202117,596446369543N/A
9/30/202115,195429416552N/A
6/30/202113,221426409522N/A
3/31/202110,909417515616N/A
12/31/202010,710135378502N/A
9/30/202012,255134478603N/A
6/30/202013,781100356506N/A
3/31/202016,176-2273436N/A
12/31/201916,596235N/A435N/A
9/30/201916,37581N/A462N/A
6/30/201916,805129N/A370N/A
3/31/201916,937168N/A45N/A
12/31/201816,994-20N/A-26N/A
9/30/201816,076263N/A-246N/A
6/30/201814,379258N/A53N/A
3/31/201812,664124N/A273N/A
12/31/201711,723212N/A434N/A
9/30/201712,832-102N/A698N/A
6/30/201711,935-180N/A525N/A
3/31/201711,166-85N/A529N/A
12/31/20169,986-30N/A564N/A
9/30/20169,994104N/A440N/A
6/30/201612,734111N/A525N/A
3/31/201615,73784N/A575N/A
12/31/201512,43017N/A426N/A
9/30/201519,43879N/A516N/A
6/30/201517,20261N/A320N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SUN's forecast earnings growth (24.8% per year) is above the savings rate (3.5%).

Earnings vs Market: SUN's earnings (24.8% per year) are forecast to grow faster than the US market (16.7% per year).

High Growth Earnings: SUN's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SUN's revenue (11.1% per year) is forecast to grow slower than the US market (11.6% per year).

High Growth Revenue: SUN's revenue (11.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SUN's Return on Equity is forecast to be low in 3 years time (6.9%).

Discover growth companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/11 03:20
End of Day Share Price 2026/05/11 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Sunoco LP is covered by 23 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ethan BellamyBaird
Theresa ChenBarclays
Ronald BookbinderBenchmark Company