10-Q · May 7, 2026
The provided extract does not contain the income statement, balance sheet, cash-flow statement, segment results or MD&A, so revenue, margins, EPS, liquidity and free-cash-flow trends cannot be assessed. Controls were…
Earnings analysis · 10-Q
SUNC earnings analysis
Filed August 6, 2026 · Our reading of the company's report
The latest report
The provided excerpt does not contain the consolidated income statement, balance sheet, cash-flow statement, segment results or MD&A, so revenue, margins, EPS, working-capital trends and free cash flow cannot be…
Read full summary
The provided excerpt does not contain the consolidated income statement, balance sheet, cash-flow statement, segment results or MD&A, so revenue, margins, EPS, working-capital trends and free cash flow cannot be assessed from the filing text supplied. The filing quantifies meaningful commodity and interest-rate exposures, including a potential $42 million pre-tax impact from a hypothetical 10% commodity-price move and approximately $3 million of annual interest sensitivity to a 100-basis-point rate change. Risk factors were reported as unchanged, while climate-related litigation remains an unquantified contingent liability.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
What stood out
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Variable-rate debt exposure quantified
As of June 30, 2026, the Partnership had $289 million of variable-rate debt outstanding; a hypothetical 100-basis-point rate increase would increase annual interest expense by approximately $3 million.
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Large fuel inventory base
Refined petroleum products, renewable fuels, gasoline blendstocks and transmix inventories totaled approximately $1.90 billion as of June 30, 2026.
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Commodity hedges generated unrealized gain
The Partnership held derivative positions on 6.9 million barrels with an aggregate unrealized gain of $63 million at June 30, 2026.
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Disclosure controls effective
Management concluded that disclosure controls and procedures were effective at the reasonable assurance level as of June 30, 2026.
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No material control changes
The filing states that there were no changes during the three months ended June 30, 2026 that materially affected, or were reasonably likely to materially affect, internal control over financial reporting.
What to watch
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Commodity-price volatility
A hypothetical 10% change in the underlying commodity prices would have an approximately $42 million impact on pre-tax income, excluding the offsetting impact of economically hedged inventory. The exposure relates to derivative positions on 6.9 million barrels.
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Interest-rate and refinancing risk
The Partnership had $289 million of variable-rate debt outstanding at June 30, 2026, and a 100-basis-point rate change could affect annual interest expense by approximately $3 million. Management also identifies the ability to obtain financing for future acquisitions as an exposure.
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Unquantified climate litigation
Sunoco, Aloha Petroleum and affiliates face climate-change lawsuits in Hawaii, Maine and Vermont alleging deceptive marketing and concealment of information. The Partnership states it cannot estimate the possible loss or range of loss in excess of amounts accrued.
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No material risk-factor updates
The Item 1A section reports no material changes from the risk factors in the December 31, 2025 Form 10-K, as updated by the July 6, 2026 Form 8-K. Accordingly, no new risk-factor changes were identified in the provided filing text.
Management's outlook
The provided 10-Q text does not include quantitative revenue or EPS guidance; outlook appears to be deferred to the earnings release or conference call.
Earlier filings 2
10-K · February 19, 2026
SunocoCorp’s retrospectively restated consolidated results show strong operating momentum, with revenue rising to $25.201 billion and Segment Adjusted EBITDA reaching $2.047 billion in 2025, led by Pipeline Systems and…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.