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Sunoco SUN Fuel Distribution — Goodwill

Other segment segments

Refinery
$426M
Terminals
$237M0.0%
Pipeline Systems
$38M

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IOSPFuel Specialties — Goodwill
$207.7M+0.1%
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DARFuel Ingredients — Goodwill
$125.18M+6.6%
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TRNSDistribution — Goodwill
$60M0.0%
Franklin Electric logo
FELEDistribution — Goodwill
$56.1M+10.9%

Other financials

Income statement

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Revenue$14.3B+165%
Gross profit$1.5B+157%
Operating income$583.0M+187%
Net income$283.0M+229%
EPS (diluted)$0.94+185%

Balance sheet

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Cash & equivalents$773.0M+566%
Total debt$15.4B+82.1%
Total assets$29.9B+107%

Cash flow

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Operating cash flow$1.1B+353%
CapEx$173.0M+8.1%
Free cash flow$928.0M+1,018%

Valuation

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Market cap$13.82B+91.7%
Enterprise value$28.49B+83.0%
P/E11.9×-4.6×
P/S0.4×0.0×

Profitability

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Gross margin11.9%+1.4pp
Operating margin4.8%+0.9pp
Net margin2.9%+0.9pp
FCF margin4.2%

Returns & leverage

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Current ratio1.3×-0.2×

Where this comes from

Reported directly by Sunoco in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The source filing: Sunoco’s 10-K, filed February 19, 2026.

Filed
Feb 19, 2026, 4:26 PM EST
Fiscal year
FY2025
Accession
0001552275-26-000021
Line itemSegment / Fuel DistributionSegment / Pipeline SystemsSegment / TerminalsSegment / RefineryConsolidated
Balance at December 31, 2023$1,362$237$1,599
West Texas Sale(138)(138)
NuStar Acquisition1616
Balance at December 31, 20241,2402371,477
Parkland Acquisition1,070384201,528
Other15621
Balance at December 31, 2025$2,325$38$237$426$3,026

Item 16. Form 10-K Summary

FAQ

What is Sunoco's fuel distribution — goodwill?
Sunoco (SUN) reported fuel distribution — goodwill of $2.33B in Q4 2025.
What does fuel distribution — goodwill mean?
Represents the intangible asset value recorded when the cost of an acquired business exceeds the fair value of its identifiable net assets. It reflects the premium paid for market position, brand, and synergies in the fuel distribution sector.

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