Quality Investor

Sunoco LP

Rank #448Op. Leverage

SUN · NYSE · Energy

Sunoco LP (SUN) — Rank #448 by gross profitability (GP/assets 0.09) · ROE — · Piotroski F-Score N/A.

As-of 2026-09-15 · CIK 0001552275 · all metrics point-in-time as of the filing date.

About

Sunoco LP, together with its subsidiaries, engages in the energy infrastructure and distribution of motor fuels in the United States.

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It operates in four segments: Fuel Distribution, Pipeline Systems, Refinery, and Terminals. The Fuel Distribution segment distributes motor fuels and other petroleum products, such as propane and lubricating oil to third-party dealers and distributors, independent operators of commission agent locations, other commercial consumers of motor fuel, and retail locations; and leases real estate properties. This segment also offers non-fuel products, including in-store merchandise and company-operated retail stores food services, as well as credit card processing, car washes, lottery, and other services. The Pipeline Systems segment includes an integrated pipeline and terminal network comprising refined product, crude oil, and ammonia pipelines and terminals. The Terminals segment operates transmix processing facilities and refined product terminals; and provides blending, additive injections, handling, and filtering services. The company was formerly known as Susser Petroleum Partners LP and changed its name to Sunoco LP in 2014.

Sunoco LP was founded in 1960 and is based in Dallas, Texas.

Industry
Oil & Gas Refining & Marketing
Sector
Energy
State
OK
Filer Category
Large accelerated filer
Fiscal Year End
December 31

Price History

SUN+190.9% · +23.8% CAGRSPY+80.5% · +12.5% CAGR

Company Snapshot

P/E and reverse DCF are the primary valuation lenses at this stage.

Market Cap

$15.03B

P/E (annual)

P/S (annual)

0.6

P/B

P/OCF (annual)

12.6

Shareholder Yield

Employees

8,910

Industry

Oil & Gas Refining & Marketing

Exchange

NYSE

Signal Flags

3 green1 red
Revenue growth acceleratingGrowth rate increasing year over year
Operating leverage expandingOperating income growing faster than revenue
Deferred revenue growingRevenue and deferred revenue both growing — retention signal
Balance sheet deterioratingNet cash collapsed with receivables or inventory outpacing revenue

Quality Profile

Profitability

1/1 pass
GP / assets
0.09
Return on equity
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
Current ratio
1.29×
Net cash
-$12.48B

Cash Flow

1/1 pass
Positive FCF
N/A
Cash-backed earnings
N/A
Accruals healthy
PASS
SBC / revenue
0.1%

Growth

1/1 pass
Revenue growth
11.1%
Piotroski F-Score
N/A
Share dilution

Terry Smith quality gate

Passes 0/5 Terry Smith thresholds

1 of 5 threshold not computable from filed data.

Operating margin expansion and free cash flow are the primary reads at this stage.

Profitability

Gross profitability (GP / assets)

0.09

Primary signal (Novy-Marx).

3rd of 5 SIC 2911 peers

Return on equity

Gross margin

11.1%

3rd of 5 SIC 2911 peers

Revenue growth (YoY)

11.1%

RPO growth (YoY)

-10.7%

Remaining performance obligations growth — RPO > revenue = forward demand building.

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2022202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

-0.7%

Revenue CAGR (5Y)

18.7%

Earnings CAGR (3Y)

3.5%

FCF CAGR (3Y)

Anti-fragile safety

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

Current ratio

1.29×

3rd of 5 SIC 2911 peers

Quick ratio

0.79×

Net cash

-$12.48B

Cash & equivalents minus total debt.

Cash-flow health

Free cash flow

Operating cash flow minus capex.

Positive free cash flow

N/A

FCF / net income

Cash-backing of earnings.

FCF/NI divergence

Unfavorable divergence (yellow flag).

N/A

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

0.1%

Stock-based comp intensity.

Piotroski F-Score

F-Score

N/A

Only 8/9 components determinable.

Lifecycle Phase History

20202025
Value
Hypergrowth
Op. Leverage