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Sunoco SUN Wholesale — Unrealized Gain Loss On Derivatives And Commodity Contracts

Discontinued — last reported Q4 '16

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WMSUS — Unrealized Gain Loss On Derivatives And Commodity Contracts
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VSTUnrealized Gain (Loss) On Commodity Related Derivatives
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OVVUnrealized Gain Loss On Derivatives Excluding Foreign Currency Derivatives
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EOGGains (Losses) on Mark-to-Market Financial Commodity and Other Derivative Contracts, Net — Revenue not from contract with customer
$113M+159%
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OVVMarket Optimization — Gain Loss From Price Risk Management Activity
$0
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NRGOperating Segments — Unrealized Gain Loss On Derivatives
$903M

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 us-gaap:UnrealizedGainLossOnDerivativesAndCommodityContracts.

The official record: Sunoco’s 10-K, filed February 24, 2017, on SEC EDGAR. View the filing →

Questions, answered.

What does wholesale — unrealized gain loss on derivatives and commodity contracts mean?
The paper gain or loss from changes in the value of hedging contracts that have not yet been settled.
How do you interpret wholesale — unrealized gain loss on derivatives and commodity contracts?
A gain indicates favorable market movements relative to hedge positions, while a loss indicates unfavorable market movements, though these are often offset by physical fuel price changes.
How does wholesale — unrealized gain loss on derivatives and commodity contracts compare across companies?
Comparable to mark-to-market adjustments on commodity derivatives reported by energy distributors and midstream companies.