Sunoco LP

Sunoco LP maintains a capital structure characterized by significant leverage, with long-term debt of $13.37 billion against total assets of $28.36 billion. The company holds $891 million in cash and equivalents, resulting in a net cash position that is negative after subtracting total debt. Operating cash flow stands at $1.19 billion, which must service the substantial debt load. The return on assets is recorded at 3.4%, indicating modest efficiency in asset utilization relative to the scale of the balance sheet.

Profitability metrics show an operating income of $935 million and net income of $527 million on revenues of $25.20 billion. This results in a net margin of approximately 2.1%, which is typical for integrated refiners but leaves limited buffer against commodity price volatility. The company's return on assets of 3.4% reflects the capital-intensive nature of the integrated oil and gas business. Without cohort median data for direct comparison, the absolute levels of income suggest stable but not exceptional profitability relative to the revenue base.

Revenue concentration and segment details are not explicitly broken down in the available data, though the classification as "Integrated Oil & Gas" implies a diversified mix of upstream and downstream activities. The absence of specific geographic or segment revenue splits limits the ability to assess concentration risk directly. The company's activity spans the full value chain, which typically provides some natural hedging against crude oil price swings through refining margins.

Growth trajectory analysis is constrained by the absence of historical period data in the input. The current revenue figure of $25.20 billion serves as the baseline for performance evaluation. Without multi-year revenue or net income trends, it is not possible to determine the direction or velocity of growth from the provided snapshot alone.

Risk assessment indicates medium liquidity risk and unknown dilution risk. Key flags highlight that net cash is negative after subtracting total debt, emphasizing reliance on operating cash flow and external financing for liquidity needs. Dilution risk could not be assessed due to missing basic and diluted share counts, creating uncertainty regarding potential equity issuance impacts. The high debt level relative to equity and assets remains a primary structural risk.

Recent observations include analyst estimates with a mean price target of $74.57 and a median of $75.00, suggesting a potential upside from the current market price of $63.05. The mean recommendation is 1.62, with 3 strong buys and 5 buys, indicating positive sentiment among analysts. Competitor context lists Chevron, Shell, and BP, placing Sunoco within the broader integrated major landscape, though specific comparative metrics are not provided.

Sunoco generated $332 million in free cash flow in fiscal 2025, demonstrating strong cash generation capabilities.

The company achieved a 11.1% year-over-year revenue growth to $25.2 billion in fiscal 2026, indicating top-line expansion.

Sunoco's return on invested capital of 11.0% suggests efficient capital allocation relative to its investment base.

Analysts maintain a buy recommendation with a mean price target of $74.57, reflecting positive market sentiment.

Gross profit expanded significantly to $2.79 billion in fiscal 2026, highlighting improved operational efficiency or pricing power.

Net debt to EBITDA stands at a high 7.69x, signaling significant leverage and potential refinancing risks.

Free cash flow turned negative to -$53 million in fiscal 2026, marking a sharp decline from prior year generation.

The company faces high credit risk and medium liquidity risk, raising concerns about financial stability and solvency.

Operating margin of 4.8% trails the Integrated Oil & Gas cohort median of 9.15%, suggesting competitive disadvantage.

Revenue $10.69B, +106,4% YoY; Operating income +194,2% YoY.

• ▍Revenue $10.69B, +106,4% YoY
• ▍Operating income +194,2% YoY
• ▍Net income +211,1% YoY
• ▍Free cash flow +293,2% YoY
• ▍Net margin 6.0%

Revenue $8.60B, +63,2% YoY; Operating income −18,2% YoY.

• ▍Revenue $8.60B, +63,2% YoY
• ▍Operating income −18,2% YoY
• ▍Net income −31,2% YoY
• ▍Free cash flow −4 300,0% YoY
• ▍Net margin 1.1%

Revenue $6.03B, +4,9% YoY; Operating income +124,3% YoY.

• ▍Revenue $6.03B, +4,9% YoY
• ▍Operating income +124,3% YoY
• ▍Net income +6 750,0% YoY
• ▍Free cash flow +80,8% YoY
• ▍Net margin 2.3%

Revenue $5.39B, −12,7% YoY; Operating income −75,1% YoY.

• ▍Revenue $5.39B, −12,7% YoY
• ▍Operating income −75,1% YoY
• ▍Net income −82,6% YoY
• ▍Free cash flow −123,7% YoY
• ▍Net margin 1.6%

Revenue $5.18B; Operating income $294.0M.

• ▍Revenue $5.18B
• ▍Operating income $294.0M
• ▍Net margin 4.0%

Revenue $5.27B; Operating income $225.0M.

• ▍Revenue $5.27B
• ▍Operating income $225.0M
• ▍Net margin 2.7%

Revenue $5.75B; Operating income $107.0M.

• ▍Revenue $5.75B
• ▍Operating income $107.0M
• ▍Net margin 0.0%

Revenue $6.17B; Operating income $746.0M.

• ▍Revenue $6.17B
• ▍Operating income $746.0M
• ▍Net margin 8.0%

Revenue $25.20B, +11,1% YoY; Operating income −34,2% YoY.

• ▍Revenue $25.20B, +11,1% YoY
• ▍Operating income −34,2% YoY
• ▍Net income −39,1% YoY
• ▍Free cash flow −116,0% YoY
• ▍Net margin 2.1%

Revenue $22.69B, −1,6% YoY; Operating income +116,5% YoY.

• ▍Revenue $22.69B, −1,6% YoY
• ▍Operating income +116,5% YoY
• ▍Net income +119,8% YoY
• ▍Free cash flow +6 740,0% YoY
• ▍Net margin 3.8%

Revenue $23.07B, −10,3% YoY; Operating income −6,3% YoY.

• ▍Revenue $23.07B, −10,3% YoY
• ▍Operating income −6,3% YoY
• ▍Net income −17,1% YoY
• ▍Free cash flow −104,1% YoY
• ▍Net margin 1.7%

Revenue $25.73B, +46,2% YoY; Operating income −4,9% YoY.

• ▍Revenue $25.73B, +46,2% YoY
• ▍Operating income −4,9% YoY
• ▍Net income −9,3% YoY
• ▍Free cash flow −27,6% YoY
• ▍Net margin 1.8%