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Sunoco SUN Pipeline Systems — Adjusted EBITDA

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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 sun:AdjustedEBITDA.

The source filing: Sunoco’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 2:35 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001552275-26-000061
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Segment Adjusted EBITDA:
Fuel Distribution$504$206$1,033$426
Pipeline Systems190177369349
Terminals11371220137
Refinery175218
Total$982$454$1,840$912

Item 1. Financial Statements

FAQ

What is Sunoco's pipeline systems — adjusted EBITDA?
Sunoco (SUN) reported pipeline systems — adjusted EBITDA of $190M in Q2 2026.
How has Sunoco's pipeline systems — adjusted EBITDA changed year-over-year?
Sunoco's pipeline systems — adjusted EBITDA increased by 7.3% year-over-year, from $177M to $190M.
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 non-GAAP measure of the segment's operating profitability, calculated by adding back non-cash items and non-recurring expenses to operating income. It provides a clear view of the cash-generating capability of the pipeline and terminal assets.

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