SUN

Energy

Sunoco LP · Oil & Gas Refining & Marketing · $10B

UQS Score — Balanced Preset
51.2
Good

Sunoco LP scores 51.2/100 using the Balanced preset.

UQS vs Energy Sector
SUN
51.2
Sector avg
43.5
Quality
Neutral
Moat
Weak
Growth
Good
Risk
Neutral
Valuation
Attractive

What is Sunoco LP?

Sunoco LP is a Dallas-based master limited partnership focused on the distribution and marketing of motor fuels across the United States. The partnership traces its operational roots back to 1886 and rebranded under the Sunoco name in 2014.

Sunoco operates through two primary segments. Its Fuel Distribution and Marketing segment purchases motor fuel from independent refiners and oil companies, then supplies it to dealer stations, distributors, and commission agent locations. Its All Other segment runs retail stores offering fuel, merchandise, foodservice, and ancillary services such as car washes and ATMs. The partnership also leases real estate properties and operates terminal facilities in Hawaii.

Sunoco LP was founded in 2012 and is headquartered in Dallas, Texas.

  • Motor fuel distribution to independent dealers and distributors
  • Retail convenience stores with foodservice and merchandise
  • Terminal operations on the Hawaiian Islands
  • Real estate leasing and subleasing of fuel station properties
  • Ancillary retail services including car washes and ATMs

Is SUN a Good Stock to Buy?

UQS Score rates SUN as Below Average overall, reflecting meaningful structural challenges across several key pillars.

The Growth pillar stands out as the clearest positive, suggesting the partnership has been expanding its revenue base at a pace that compares reasonably well within the energy distribution space. The Valuation pillar is rated Attractive, meaning the current market price may not fully reflect even modest fundamental improvements.

Quality, Moat, and Risk are all rated Weak — pointing to thin competitive differentiation, limited pricing power in a commoditized fuel distribution business, and a risk profile that warrants careful attention from income-focused investors.

See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →

Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.

Does SUN pay dividends?

Yes — Sunoco LP pays a dividend.

Sunoco LP pays a regular distribution to unitholders, consistent with the master limited partnership structure that prioritizes returning cash to investors. The partnership's fuel distribution model generates relatively predictable cash flows that support this cadence. Investors should weigh the distribution yield against the Weak Risk pillar rating before treating SUN purely as an income holding.

When does SUN report earnings?

Sunoco LP reports earnings on a quarterly cadence, typical for US-listed partnerships.

Results have reflected the volatile nature of fuel margins and volume trends across the distribution network. The Growth pillar suggests the top line has expanded, though Quality and Risk ratings indicate that profitability consistency and balance sheet dynamics remain areas to watch.

For the most recent quarter's results, visit Sunoco LP's investor relations page directly.

SUN Price History

+157.7% over 5Y

Monthly close, adjusted for stock splits and dividend reinvestment.

Return Calculator

What if I invested in Sunoco LP?

$
Today it would be worth
$27,411
That's a +174% total return, or +22.3% annualized.

Based on Sunoco LP's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.

SUN Long-term Outlook

The fundamental outlook for Sunoco LP is shaped by a tension between a Good Growth profile and Weak Quality and Risk ratings. Expansion of the fuel distribution network and potential volume gains could support continued revenue growth. However, the commoditized nature of motor fuel distribution limits margin expansion, and the partnership's leverage profile introduces sensitivity to interest rate and credit conditions. The Attractive Valuation rating suggests the market has already priced in a degree of caution.

Growth drivers

  • Expansion of dealer and distributor supply agreements across new geographies
  • Volume growth tied to broader US fuel consumption trends
  • Ancillary retail and convenience store revenue diversification

Key risks

  • Thin fuel distribution margins with limited ability to pass through cost increases
  • Elevated leverage typical of MLP structures, sensitive to rising rates
  • Long-term demand uncertainty as electric vehicle adoption accelerates

SUN vs Peers

Sunoco LP operates in a competitive fuel distribution and convenience retail landscape alongside several peers with distinct business profiles.

DINOSUN scores lower
HF Sinclair Corporation

HF Sinclair operates as a refiner with downstream marketing, giving it upstream integration that Sunoco's pure-distribution model does not replicate.

APCSUN scores higher
ARKO Petroleum Corp.

ARKO focuses heavily on convenience retail store ownership, competing directly with Sunoco's retail segment while pursuing an acquisition-driven growth strategy.

UGPSUN scores lower
Ultrapar Participações S.A.

Ultrapar is a Brazilian conglomerate with fuel distribution at its core, offering geographic diversification outside the US market that Sunoco does not provide.

Frequently Asked Questions

What does Sunoco LP do?

Sunoco LP distributes and markets motor fuels across the United States. It supplies fuel to independent dealer stations, distributors, and commission agent locations, and also operates retail convenience stores offering fuel, food, merchandise, and services like car washes and ATMs.

Does SUN pay dividends?

Yes, Sunoco LP pays regular distributions to unitholders as a master limited partnership. The MLP structure is specifically designed to pass through cash flows to investors. Prospective investors should review the current distribution rate and coverage ratio on the company's investor relations page.

When does SUN report earnings?

Sunoco LP reports financial results on a quarterly cadence, consistent with US-listed partnerships. Exact dates vary each quarter. For upcoming reporting dates, check Sunoco LP's investor relations page or your brokerage's earnings calendar.

Is SUN a good stock to buy?

UQS Score rates SUN as Below Average, driven by Weak ratings across Quality, Moat, and Risk pillars. The Growth pillar is rated Good and Valuation is Attractive, which may interest contrarian income investors. The complete pillar breakdown is available to UQS Pro members.

Is SUN overvalued?

The UQS Valuation pillar for SUN is rated Attractive, suggesting the market price reflects a degree of caution about the partnership's fundamentals. This does not guarantee upside — it simply indicates the current price appears undemanding relative to the underlying business profile.

How does SUN compare to its competitors?

Compared to peers like HF Sinclair, ARKO, and Ultrapar, Sunoco LP occupies a mid-cap position focused on domestic fuel distribution and limited retail. It lacks the refining integration of HF Sinclair and the aggressive retail acquisition strategy of ARKO, but benefits from an established dealer network and MLP distribution structure.

What is SUN's market cap bracket?

Sunoco LP is classified as a mid-cap partnership. This places it in a range where it carries more liquidity than smaller energy distributors but lacks the scale advantages of large-cap integrated energy companies.

Who founded Sunoco LP?

Sunoco LP was formed in 2012 as a master limited partnership, originally operating as Susser Petroleum Partners LP before rebranding in 2014. The broader Sunoco brand heritage dates to 1886. Sunoco GP LLC serves as the general partner of the partnership today.

Is SUN a long-term quality holding?

As a long-term quality indicator, the UQS Score rates SUN as Below Average. Weak Quality, Moat, and Risk pillar ratings suggest the business lacks the durable competitive advantages typically associated with high-conviction long-term holdings. The Good Growth and Attractive Valuation ratings offer some offset worth monitoring over time.

What is the main competitive advantage of Sunoco LP?

Sunoco LP's primary advantage lies in its established fuel distribution network and long-term supply relationships with independent dealers. However, the UQS Moat pillar is rated Weak, reflecting that fuel distribution is a largely commoditized business with limited pricing power or structural barriers to competition.

What sector does SUN belong to?

Sunoco LP operates in the Energy sector, specifically within fuel distribution and convenience retail. As a master limited partnership, it is also commonly evaluated alongside other midstream and downstream energy income vehicles on the [MLP and energy income screener](/sector/energy).

Is SUN a growth stock or value stock?

SUN sits in an unusual position — the Growth pillar is rated Good, suggesting meaningful revenue expansion, while the Valuation pillar is rated Attractive, implying the price does not yet reflect that growth. It does not fit neatly into either category, making the full UQS pillar view especially useful for context.

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Pro Analysis

SUN — Score History

303540455055Apr 2Apr 12Apr 22May 2May 12May 22May 24v5
Score changes· 9 most recent
DateUQSQualityMoatGrowthRiskValueChange
May 8, 202638.64.916.063.238.1100.0+0.3
May 7, 202638.332.216.063.29.281.50.0
May 3, 202638.332.216.063.29.281.8-0.1
Apr 19, 202638.432.216.063.29.282.0+0.1
Apr 18, 202638.332.216.063.29.281.7-2.4
Apr 14, 202640.732.216.063.29.297.2-8.3
Apr 13, 202649.031.750.063.29.297.3+8.3
Apr 5, 202640.732.216.063.29.297.30.0
Apr 2, 202640.732.216.063.29.297.6

SUN — Pillar Breakdown

Quality

46.1/100 (25%)

Sunoco LP has average quality metrics, with room for improvement in margins or capital efficiency.

Capital Efficiency (ROIC)Weak

How effectively capital is deployed to generate returns.

Return on EquityStrong

Profitability relative to shareholders' equity.

Operating ProfitabilityWeak

Ability to convert revenue into operating profit.

Net ProfitabilityWeak

Bottom-line profit as a share of revenue.

Gross Profit / AssetsWeak

Asset productivity — how much gross profit each dollar of assets generates.

Cash GenerationStrong

Free cash flow relative to market value.

Growth

63.2/100 (20%)

Sunoco LP demonstrates healthy growth trends across revenue and earnings.

Recent Revenue TrendModerate

Revenue trajectory over the last twelve months.

3Y Revenue CAGRWeak

Compound annual revenue growth rate over 3 years.

EPS GrowthWeak

Year-over-year earnings per share growth.

Forward Revenue OutlookStrong

Analyst consensus for future revenue growth.

Forward EPS GrowthStrong

Analyst consensus for future earnings growth.

Risk

56.5/100 (15%)

Sunoco LP maintains a reasonable risk profile with manageable debt levels.

Financial LeverageStrong

Debt levels relative to earnings capacity.

Debt/EquityStrong

Total debt relative to shareholder equity.

Current RatioWeak

Short-term liquidity — ability to pay near-term obligations.

Interest CoverageWeak

Earnings capacity relative to interest payments.

Valuation

97.2/100 (15%)

Sunoco LP appears attractively valued relative to its earnings, cash flows, and sector peers.

Earnings YieldStrong

Inverse of forward P/E — higher yield means cheaper stock.

Price to Free Cash FlowStrong

How many years of FCF the market cap represents.

PEG RatioStrong

P/E relative to earnings growth — lower is more attractive.

EV/EBITDA vs SectorStrong

Enterprise value multiple relative to sector median.

Moat

16/100 (25%)

Sunoco LP operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for SUN.

Score Composition

Quality
46.1×25%11.5
Growth
63.2×20%12.6
Risk
56.5×15%8.5
Valuation
97.2×15%14.6
Moat
16.0×25%4.0
Total
51.2Good

Financial Data

More Stock Analysis

How is the SUN UQS Score Calculated?

The UQS (Unified Quality Score) for Sunoco LP is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.

Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.

Moat (25%) assesses Sunoco LP's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.

Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.

Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.

Valuation (15%) measures whether Sunoco LP is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.

Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.