SUNOCO LP (NYSE:SUN) Reports Mixed Q3 2025 Results with Revenue Beat and EPS Miss

Sunoco LP (NYSE:SUN) reported its financial results for the third quarter of 2025, delivering a performance that presented a complex picture for investors. The company's revenue significantly outpaced analyst expectations, yet its profitability, as measured by earnings per share, fell notably short of forecasts. This mixed outcome was reflected in the market's immediate reaction, with the stock trading lower in pre-market activity following the announcement.

Third Quarter 2025 Financial Results

The headline figures from the quarter reveal a stark contrast between top-line revenue and bottom-line earnings performance versus what market watchers had projected.

• Revenue: The Partnership reported revenue of $6.03 billion for the quarter, comfortably exceeding the analyst consensus estimate of $5.75 billion.
• Earnings Per Share (EPS): Sunoco reported non-GAAP EPS of $0.64. This result fell substantially below the analyst estimate of $1.07 per share.

The revenue beat suggests robust sales volume and pricing power within Sunoco's extensive fuel distribution and midstream networks. However, the significant miss on EPS indicates that higher costs, expenses, or other factors compressed margins, preventing the strong revenue from flowing through to profits as anticipated.

Market Reaction and Recent Performance

The immediate market response to the earnings release was negative, reflecting investor focus on the earnings miss. The stock was down approximately 2.35% in pre-market trading. This initial reaction overshadows the stock's relatively stable performance over recent weeks, which had shown little net change.

• Pre-market performance (post-earnings): -2.35%
• Performance over the last month: +3.29%
• Performance over the last two weeks: -1.91%
• Performance over the last week: -2.00%

The pre-market drop suggests that investors are weighing the profit shortfall more heavily than the revenue surprise, at least in the immediate term.

Summary of Press Release and Outlook

According to the press release, Sunoco reported a net income of $137 million for the third quarter. The Partnership also highlighted an Adjusted EBITDA figure of $496 million, which excludes one-time transaction-related expenses, underscoring the underlying cash flow generation of its core operations. The release did not provide a specific financial outlook or guidance for the coming quarters, leaving analysts' estimates as the primary benchmark for future expectations.

Analyst Estimates for the Future

With no formal guidance from the company, analyst projections provide the framework for evaluating Sunoco's upcoming performance. The estimates for the next quarter and the full year will be a key focus for investors monitoring whether the Q3 earnings miss was an isolated event or part of a broader trend.

• Q4 2025 Estimates:
  • Estimated Revenue: $848.1 million
  • Estimated Sales: $5.93 billion
• Full-Year 2025 Estimates:
  • Estimated Revenue: $3.88 billion
  • Estimated Sales: $23.37 billion

For a detailed breakdown of historical and future earnings estimates for Sunoco LP, you can review the data here.

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Disclaimer: This article is for informational purposes only and is not intended as investment advice. The analysis presented is based on publicly available data and should not be construed as a recommendation to buy or sell any security. Investors should conduct their own research and consult with a qualified financial advisor before making any investment decisions.