Sunoco LP Q3 2026 Net Income Surges to $499 Million as Adjusted EBITDA More Than Doubles

Sunoco LP posted a sharp year-over-year improvement in its third quarter of 2026, with net income rising to $499 million from $137 million in the same period of 2025. Adjusted EBITDA reached $1.049 billion, more than doubling the $489 million reported a year earlier, while Distributable Cash Flow, as adjusted, climbed to $588 million from $326 million. The partnership also raised its quarterly distribution by 1.25%, representing an increase of more than 10% compared to the third quarter of 2025.

The Fuel Distribution segment was the largest contributor, generating Adjusted EBITDA of $523 million versus $232 million a year ago, on sales of approximately 4.2 billion gallons of fuel at a margin of 16.8 cents per gallon. The Terminals segment also expanded meaningfully, with Adjusted EBITDA of $122 million compared to $75 million in Q3 2025. The Pipeline Systems segment posted Adjusted EBITDA of $166 million, down from $182 million a year earlier. A new Refinery segment contributed $238 million in Adjusted EBITDA, a line that had no comparable figure in the prior-year quarter. Revenue for the quarter came in at approximately $18.03 billion, with GAAP earnings per unit of C$2.07, according to Seeking Alpha.