Sunoco LP (NYSE:SUN) on Tuesday reported fourth-quarter results that fell far short of Wall Street profit expectations, even as revenue topped forecasts.
Shares of the energy infrastructure and fuel distribution group slid 5.06% in pre-market trading following the announcement.
Sunoco posted net income of $97 million for the quarter, with adjusted earnings per share of $0.09 — well below the $1.52 per share analysts had projected.
Revenue reached $8.6 billion, comfortably exceeding the $5.93 billion consensus estimate. Adjusted EBITDA totaled $646 million, or $706 million when excluding one-time transaction-related expenses.
The quarterly figures reflect the impact of Sunoco’s acquisition of Parkland Corporation, which closed on October 31, 2025. During the quarter, the company sold approximately 3.3 billion gallons of fuel and reported a fuel margin of 17.7 cents per gallon.
“We ended 2025 at our long-term leverage target of approximately 4 times,” Sunoco said in its earnings release, adding that it achieved its “eighth consecutive year of growth in Distributable Cash Flow per common unit.”
Distributable Cash Flow, as adjusted, rose to $442 million from $261 million in the fourth quarter of 2024. The partnership raised its quarterly distribution by 1.25% to $0.9317 per common unit and continues to aim for annual distribution growth of at least 5% in 2026.
In January 2026, Sunoco also finalized its acquisition of TanQuid, further broadening its asset base.
Operationally, pipeline systems averaged throughput of roughly 1.4 million barrels per day during the quarter, while terminal operations handled about 715,000 barrels per day on average.