Sunoco LP
SUN · Petroleum Refining · EDGAR filings ↗
Net buyback after stock comp: $523M (gross $540M, SBC $17M)
Grade
C64Large but thin-margin fuel-distribution MLP that has scaled aggressively via debt-funded acquisitions.
Strengths
- Current ratio 1.38 (85th pct) and gross margin 11% (70th); meaningful scale and Energy Transfer sponsorship
- Diversifying footprint via Parkland and TanQuid acquisitions
Risks
- Returns and margins are mid-pack — net margin 2.1% (50th), ROA 1.86% (46th)
- Interest coverage only 1.73 (60th) with acquisition-driven leverage; no standout metric
Notable findings
- Strong balance sheetStrong balance sheet — $891M cash & investments
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
11.1%
Operating margin
3.7%
Net margin
2.1%
Return on assets
1.9%
Revenue growth (QoQ)
24.3%
Net-income growth
-39.1%
Net debt / EBITDA
7.7×
Interest coverage
1.7×
Current ratio
1.4×
EBITDA
$1.6B
Cash & investments
$891M
Stock comp / revenue
0.1%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-25 | Hand Brian A | Grant | 20K | — |
| 2026-06-25 | Harkness Austin | Grant | 20K | — |
| 2026-01-02 | Barron Bradley C | Grant | 2.4K | — |
| 2026-01-02 | Alvarez Oscar A. | Grant | 2.4K | — |
| 2026-01-02 | Smith W Brett | Grant | 2.4K | — |
| 2026-01-02 | Skidmore David K | Grant | 2.4K | — |
| 2026-01-02 | Washburne Ray W | Grant | 2.4K | — |
| 2025-12-05 | Harkness Austin | Tax withheld | 9.4K | $55.26 |
| 2025-12-05 | Harkness Austin | Grant | 20K | — |
| 2025-12-05 | Raymer Rick | Tax withheld | 3.5K | $55.26 |
| 2025-12-05 | Raymer Rick | Grant | 5.4K | — |
| 2025-12-05 | Fails Karl R | Tax withheld | 15K | $55.26 |
| 2025-12-05 | Fails Karl R | Grant | 35K | — |
| 2025-12-05 | Hand Brian A | Tax withheld | 9.1K | $55.26 |
| 2025-12-05 | Hand Brian A | Grant | 20K | — |
| 2025-12-05 | Bramhall Dylan | Tax withheld | 9.0K | $55.26 |
| 2025-12-05 | Kim Joseph | Tax withheld | 34K | $55.26 |
| 2025-12-05 | Kim Joseph | Grant | 97K | — |
| 2025-02-18 | Fails Karl R | Grant | 25K | — |
| 2025-02-18 | Kim Joseph | Grant | 50K | — |
| 2025-01-02 | Washburne Ray W | Grant | 2.2K | — |
| 2025-01-02 | Alvarez Oscar A. | Grant | 2.2K | — |
| 2025-01-02 | Smith W Brett | Grant | 2.2K | — |
| 2025-01-02 | Barron Bradley C | Grant | 2.2K | — |
| 2025-01-02 | Skidmore David K | Grant | 2.2K | — |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (1)
Suppliers (0)
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-05 | ResultsReg FDExhibits | filing ↗ |
| 2026-04-21 | Reg FDOtherExhibits | filing ↗ |
| 2026-03-09 | Material agreementDebt obligationExhibits | filing ↗ |
| 2026-02-27 | Reg FDExhibits | filing ↗ |
| 2026-02-26 | ResultsReg FDOtherExhibits | filing ↗ |
| 2026-02-17 | ResultsReg FDExhibits | filing ↗ |
| 2026-01-16 | OtherExhibits | filing ↗ |
| 2026-01-06 | Reg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-Q | 2026-05-07 | 2026-03-31 | 0001552275-26-000047 ↗ |
| 8-K | 2026-05-05 | 2026-05-05 | 0001552275-26-000039 ↗ |
| 8-K | 2026-04-21 | 2026-04-21 | 0001552275-26-000030 ↗ |
| 8-K | 2026-03-09 | 2026-03-09 | 0001193125-26-098465 ↗ |
| 8-K | 2026-02-27 | 2026-02-26 | 0001193125-26-078373 ↗ |
| 8-K | 2026-02-26 | 2026-02-26 | 0001193125-26-073531 ↗ |
| 10-K | 2026-02-19 | 2025-12-31 | 0001552275-26-000021 ↗ |
| 8-K | 2026-02-17 | 2026-02-17 | 0001552275-26-000015 ↗ |
| 8-K | 2026-01-16 | 2026-01-16 | 0001552275-26-000008 ↗ |
| 8-K | 2026-01-06 | 2026-01-06 | 0001193125-26-003460 ↗ |
| 8-K | 2025-11-10 | 2025-11-05 | 0001193125-25-274434 ↗ |
| 10-Q | 2025-11-06 | 2025-09-30 | 0001552275-25-000089 ↗ |