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Sunoco SUN Pipeline Systems — Adjusted EBITDA

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ETInvestment in Sunoco LP — Adjusted EBITDA (consolidated)
$858M+87.3%
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ETMidstream — Adjusted EBITDA (consolidated)
$887M-4.1%
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$582M+4.1%
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MPCMidstream — Adjusted EBITDA
$1.6B-7.1%
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ETNGL and refined products transportation and services — Adjusted EBITDA (consolidated)
$1.16B+18.9%

Other financials

Income statement

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Revenue$10.7B+106%
Gross profit$1.7B+159%
Operating income$866.0M+193%
Net income$644.0M+211%
EPS (diluted)$2.85+136%

Balance sheet

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Cash & equivalents$718.0M+317%
Total debt$16.0B+91.4%
Total assets$30.3B+111%

Cash flow

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Operating cash flow$454.0M+191%
CapEx$199.0M+97.0%
Free cash flow$255.0M+364%

Valuation

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Market cap$11.96B+54.8%
Enterprise value$27.2B+71.0%
P/E12.4×+3.2×
P/S0.4×0.0×

Profitability

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Gross margin12.5%+2.3pp
Operating margin4.9%+1.4pp
Net margin3.1%-0.6pp
FCF margin2.7%

Returns & leverage

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Current ratio1.4×-0.2×

Where this comes from

Reported directly by Sunoco in its filing.

Tagged under the XBRL concept sun:AdjustedEBITDA.

The official record: Sunoco’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Sunoco's pipeline systems — adjusted EBITDA?
Sunoco (SUN) reported pipeline systems — adjusted EBITDA of $179M in Q1 2026.
How has Sunoco's pipeline systems — adjusted EBITDA changed year-over-year?
Sunoco's pipeline systems — adjusted EBITDA increased by 4.1% year-over-year, from $172M to $179M.
What is the long-term trend for Sunoco's pipeline systems — adjusted EBITDA?
Over 3 years (2022 to 2025), Sunoco's pipeline systems — adjusted EBITDA has grown at a 315.6% compound annual growth rate (CAGR), from $10M to $718M.
What does pipeline systems — adjusted EBITDA mean?
A measure of the segment's cash-based operating profit.
How do you interpret pipeline systems — adjusted EBITDA?
Higher Adjusted EBITDA indicates stronger segment profitability and cash flow generation, which is critical for MLP distribution coverage.
How does pipeline systems — adjusted EBITDA compare across companies?
The primary metric used by investors to compare the performance of midstream energy segments.