What is Sunoco's refinery — goodwill?

Sunoco (SUN) reported refinery — goodwill of $426M in Q4 2025.

What does refinery — goodwill mean?

The premium paid for the refinery segment over the value of its physical assets.

How do you interpret refinery — goodwill?

Significant changes often reflect acquisitions or impairment charges, which may signal a change in the long-term outlook for the segment.

How does refinery — goodwill compare across companies?

Standard balance sheet item for companies that have grown through M&A.

Sunoco SUN Refinery — Goodwill

Other segment segments

Fuel Distribution

$2.33B+87.5%

Terminals

$237M0.0%

Pipeline Systems

$38M—

Similar metrics at other companies

DINORefining — Goodwill

$2.29B+15.6%

LYBRefining — Goodwill

$0—

ALBRefining Solutions — Goodwill

$166.2M-5.6%

CLHOil Refiningand Recycling — Goodwill

$49.76M-2.2%

DINORefining — Additional goodwill acquired

$60.99M—

PAACrude Oil — Goodwill

$0-100%

Other financials

Income statement

See full

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

See full

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

See full

Gross margin12.5%+2.3pp

Operating margin4.9%+1.4pp

Net margin3.1%-0.6pp

FCF margin2.7%—

Returns & leverage

See full

Current ratio1.4×-0.2×

Where this comes from

Reported directly by Sunoco in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The official record: Sunoco’s 10-K, filed February 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Sunoco's refinery — goodwill?: Sunoco (SUN) reported refinery — goodwill of $426M in Q4 2025.
What does refinery — goodwill mean?: The premium paid for the refinery segment over the value of its physical assets.
How do you interpret refinery — goodwill?: Significant changes often reflect acquisitions or impairment charges, which may signal a change in the long-term outlook for the segment.
How does refinery — goodwill compare across companies?: Standard balance sheet item for companies that have grown through M&A.