Sunoco (NYSE:SUN) Issues Quarterly Earnings Results

Sunoco (NYSE:SUN) issued its earnings results on Tuesday. The oil and gas company reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.50 by ($1.56), FiscalAI reports. The business had revenue of $14.26 billion for the quarter, compared to the consensus estimate of $11.05 billion. Sunoco had a return on equity of 17.52% and a net margin of 3.07%.The firm’s revenue was up 164.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.33 earnings per share.

Here are the key takeaways from Sunoco’s conference call:

• Sunoco raised its 2026 Adjusted EBITDA guidance to $3.5 billion–$3.7 billion, $400 million above its original range, supported by strong first-half execution and contributions from recent acquisitions.
• Second-quarter Adjusted EBITDA reached $996 million, while Distributable Cash Flow was $608 million; the partnership raised its quarterly distribution by 1.25% sequentially and more than 10% year over year, with 2.1x trailing coverage.
• All four segments performed well, including a strong rebound in refining EBITDA to $175 million and continued growth in fuel distribution, pipeline, and terminal volumes. Management expects fuel distribution and midstream performance to remain strong in the second half.
• Management said its $500 million annual bolt-on acquisition target is a “modest bar” and expects to exceed it in 2026, while also pursuing quick-payback organic projects across its expanded North American, Caribbean, South American, and European footprint.
• Refining results remain sensitive to volatile crack spreads, which are the main reason for the EBITDA guidance range; management also expects second-half cash tax expense to be below first-half levels but acknowledged taxes have increased with stronger earnings.

Sunoco Stock Down 4.3%

NYSE SUN traded down $3.36 on Tuesday, hitting $74.05. The stock had a trading volume of 241,629 shares, compared to its average volume of 483,206. The business’s fifty day moving average price is $68.78 and its 200 day moving average price is $65.51. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.40 and a quick ratio of 0.92. Sunoco has a 52-week low of $47.98 and a 52-week high of $78.11. The stock has a market cap of $15.17 billion, a price-to-earnings ratio of 18.98 and a beta of 0.41.

Sunoco Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Friday, August 7th will be paid a $1.0023 dividend. This represents a $4.01 annualized dividend and a yield of 5.4%. This is a positive change from Sunoco’s previous quarterly dividend of $0.99. The ex-dividend date is Friday, August 7th. Sunoco’s payout ratio is 101.28%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company upped their price target on shares of Sunoco from $71.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Raymond James Financial reissued a “strong-buy” rating and issued a $80.00 price objective on shares of Sunoco in a research note on Wednesday, May 6th. Mizuho set a $83.00 target price on Sunoco in a report on Friday, July 24th. Royal Bank Of Canada increased their target price on Sunoco to $78.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Finally, Barclays lifted their price target on Sunoco from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $77.12.

Institutional Trading of Sunoco

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada increased its position in Sunoco by 6.4% during the 1st quarter. Royal Bank of Canada now owns 159,128 shares of the oil and gas company’s stock valued at $9,239,000 after buying an additional 9,592 shares in the last quarter. Brown Advisory Inc. boosted its holdings in Sunoco by 10.9% in the second quarter. Brown Advisory Inc. now owns 12,174 shares of the oil and gas company’s stock worth $652,000 after acquiring an additional 1,201 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in Sunoco by 226.2% in the second quarter. NewEdge Advisors LLC now owns 7,088 shares of the oil and gas company’s stock worth $380,000 after acquiring an additional 4,915 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of Sunoco by 5.5% during the second quarter. Raymond James Financial Inc. now owns 365,953 shares of the oil and gas company’s stock worth $19,611,000 after acquiring an additional 18,990 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Sunoco by 8.1% during the second quarter. Ameriprise Financial Inc. now owns 37,488 shares of the oil and gas company’s stock worth $1,996,000 after acquiring an additional 2,810 shares during the last quarter. Hedge funds and other institutional investors own 24.29% of the company’s stock.

Sunoco Company Profile

Sunoco LP (NYSE: SUN) is an independent master limited partnership that specializes in the distribution and marketing of transportation fuels and related products. The company operates through two primary segments: wholesale fuel distribution and retail marketing. In wholesale distribution, Sunoco supplies branded fuels to distributors, commercial customers and resellers across the United States. Its retail marketing arm operates a network of company‐owned and franchised Sunoco branded service stations and convenience stores, providing gasoline, diesel, ethanol blends and lubricants to consumers.

Sunoco’s product portfolio extends beyond traditional fuels to include biofuels, specialty chemicals and on‐road diesel treated to meet ultra‐low sulfur requirements.