SUNC on NYSE

SunocoCorp LLC

American petroleum refining company based in Dallas, incorporated in Delaware2

In its 2026 annual report the company says: “SunocoCorp is a Delaware publicly traded limited liability company that owns a direct limited partnership interest in Sunoco in the form of Sunoco Class D Units, all of which are held by SunocoCorp.”6 Its shares trade on NYSE under the symbol SUNC.2

$72.82 down 0.15 (0.21%)Price as of Oct 21, 2026 at 18:59 UTC

Last updated Oct 21, 2026.

Overview

Compare with Sunoco, PBF Energy or YPF, or pick any stock.

  • TickerSUNC on NYSE2
  • IndustryPetroleum Refining2
  • HeadquartersDallas, United States2
  • Incorporated inDE4
  • Business address8111 Westchester Drive, Suite 400, Dallas, Tx 752254
  • Filer categoryNon-accelerated filer4
  • Legal formLimited Liability Company2
  • LEI529900W6BS3KGM2OOQ612
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressc/o Corporation Service Company, 251 Little Falls Drive, 19808 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 32065682

The terms “Partnership” or “Sunoco” should be understood to refer to Sunoco LP and its consolidated subsidiaries.6 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

3.7%Operating margin7
-0.0%Net margin7
11.1%Revenue growth, 20257

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Sales Revenue brought in 94% of the revenue SunocoCorp LLC broke down this way in fiscal 2025.

  1. Sales Revenue$23.7B794%up 10% from 2024
  2. Service Revenue$1.4B75%up 40% from 2024
  3. Lease Revenue$130.0M71%up 4% from 2024
Products and services by year
Products and services202320242025
Sales Revenue$22.7B$21.6B$23.7B
Service Revenue$254.0M$980.0M$1.4B
Lease Revenue$151.0M$125.0M$130.0M

Business segments

Fuel Distribution brought in 90% of the revenue SunocoCorp LLC broke down this way in fiscal 2025.

  1. Fuel Distribution$23.9B790%up 10% from 2024
  2. Terminals$1.4B75%up 5% from 2024
  3. Pipeline Systems$751.0M73%up 33% from 2024
  4. Refinery$474.0M72%
Business segments by year
Business segments202320242025
Fuel Distribution$23.0B$21.8B$23.9B
Terminals$485.0M$1.3B$1.4B
Pipeline Systems$1.0M$565.0M$751.0M
Refinery$0$0$474.0M

Regions

United States brought in 89% of the revenue SunocoCorp LLC broke down this way in fiscal 2025.

  1. United States$22.5B789%down 1% from 2024
  2. Canada$1.7B77%
  3. Foreign$1.0B74%up 2180% from 2024
Regions by year
Regions202320242025
United States$23.1B$22.6B$22.5B
Canada$0$0$1.7B
Foreign$0$44.0M$1.0B

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue89¢$22.4B
  • Other costs9¢$2.2B
  • Interest2¢$541.0M
  • Income tax0¢$58.0M

Out of $25.2B in revenue.7 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Kept or used elsewhere100¢$1.2B

Out of $1.2B of cash from operations.7

Financial statements

Revenue7$25.2B in 2025+9% since 2023
0$10.0B$20.0B$30.0B2023: $23.1B$23.1B20232024: $22.7B$22.7B2024−2%2025: $25.2B$25.2B2025+11%
Operating income7$935.0M in 2025+47% since 2023
0$250.0M$500.0M$750.0M$1.0B2023: $635.0M$635.0M20232024: $791.0M$791.0M2024+25%2025: $935.0M$935.0M2025+18%
Net income7-$5.0M in 2025
-$6.0M-$4.0M-$2.0M02023: $0$020232024: $0$020242025: -$5.0M-$5.0M2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.7

Period ending2025-12-312024-12-312023-12-31
Revenues$25.2B$22.7B$23.1B
Cost of sales (excluding items shown separately below)$22.4B$20.6B$21.7B
Operating expenses$765.0M$545.0M$356.0M
General and administrative$296.0M$277.0M$126.0M
Lease expense$114.0M$72.0M$68.0M
Gain (Loss) on Sale of Assets and Asset Impairment Charges-$6.0M$45.0M-$7.0M
Depreciation, amortization and accretion$688.0M$368.0M$187.0M
Total cost of sales and operating expenses$24.3B$21.9B$22.4B
OPERATING INCOME$935.0M$791.0M$635.0M
Interest expense, net-$541.0M-$391.0M-$217.0M
Equity in earnings of unconsolidated affiliates$143.0M$60.0M$5.0M
Gain on West Texas Sale$0$586.0M$0
Loss on extinguishment of debt-$31.0M-$2.0M$0
Other Nonoperating Income (Expense)$83.0M$5.0M$7.0M
INCOME BEFORE INCOME TAXES$589.0M$1.0B$430.0M
Income tax expense$58.0M$175.0M$36.0M
Net income (loss) and comprehensive income (loss)$531.0M$874.0M$394.0M
Net Income (Loss) Attributable to Predecessor Equity$467.0M$874.0M$394.0M
Net Income (Loss) Attributable to Noncontrolling Interest$69.0M$0$0
NET (LOSS) INCOME ATTRIBUTABLE TO MEMBERS-$5.0M$0$0
Common units - basic-$0.10
Common - diluted-$0.10
Common units - basic51.5M shares
Common units - diluted51.5M shares
CASH DISTRIBUTION PER COMMON UNIT$0.93

Compare SunocoCorp LLC with another company

Corporate structure

SunocoCorp LLC sits at the top of its group. 118 entities, 21 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of SunocoCorp LLC

  • FMR LLC Filed SCHEDULE 13G/A on SunocoCorp LLC, latest Sep 8, 2026 (2 filings since Feb 5, 2026)
  • Bank of America Filed SCHEDULE 13G/A on SunocoCorp LLC, latest Apr 27, 2026 (2 filings since Feb 12, 2026)
  • Harvest Fund Advisors LLC Filed SCHEDULE 13G on SunocoCorp LLC, latest Mar 6, 2026
  • SunocoCorp LLC Dallas, Texas, United States
    • 2564047 Alberta Ltd. Subsidiary · Canada
    • 2621469 Alberta Ltd. Subsidiary · Canada
    • 2624858 Alberta Ltd. Subsidiary · Canada
    • 2661123 Alberta Ltd. Subsidiary · Canada
    • 2709716 Alberta ULC Subsidiary · Canada
    • 2771144 Alberta ULC Subsidiary · Canada
    • Aloha Petroleum LLC Subsidiary · Delaware, United States
    • BNTCL Holdings Ltd. Subsidiary · Barbados
    • BRIM GP Ltd. Subsidiary · Canada
    • BRIM LP Subsidiary · Canada
    • Cal’s Convenience, Inc. Subsidiary · Texas, United States
    • Cööperatie NuStar Holdings U.A. Subsidiary · Netherlands
    • Eco-Products Manufacturing of Puerto Rico Inc. Subsidiary · Puerto Rico, United States
    • Elbow River Marketing Ltd. Subsidiary · Canada
    • Elbow River Marketing Mexico S.A. de C.V. Subsidiary · Mexico
    • Elbow River Marketing USA Ltd. Subsidiary · Delaware, United States
    • ERM Cayman Financing Company Subsidiary · Cayman Islands
    • Estrella Holdings Limited Subsidiary · Cayman Islands
    • ET-S Permian Holdings Company LP Subsidiary · Texas, United States
    • ET-S Permian Marketing Company LLC Subsidiary · Texas, United States
    • ET-S Permian Pipeline Company LLC Subsidiary · Texas, United States
    • ET-S Permian Terminals Company LLC Subsidiary · Texas, United States
    • Fathom Global Energy FT LLC Subsidiary · Delaware, United States
    • Harvest Hills Insurance Ltd. Subsidiary · Cayman Islands
    • J.C. Nolan Pipeline Co., LLC Subsidiary · Delaware, United States
    • and 92 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What SunocoCorp LLC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$15.3B7 Dec 31, 2025$8.9B7 Dec 31, 2024+71.1%
Accumulated depreciation$1.8B7 Dec 31, 2025$1.2B7 Dec 31, 2024+49.0%
Property and equipment, net$13.4B7 Dec 31, 2025$7.7B7 Dec 31, 2024+74.7%
Operating-lease assets (leased space)$1.4B7 Dec 31, 2025$477.0M7 Dec 31, 2024+203.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$891.0M7 Dec 31, 2025$94.0M7 Dec 31, 2024+847.9%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$3.0B7 Dec 31, 2025$1.5B7 Dec 31, 2024+104.9%
Intangible assets, net (excluding goodwill)$2.4B7 Dec 31, 2025$547.0M7 Dec 31, 2024+340.8%
Accumulated amortization$529.0M7 Dec 31, 2025$484.0M7 Dec 31, 2024+9.3%

Inventory

ItemLatestA year beforeChange
Inventory, total$2.4B7 Dec 31, 2025$1.1B7 Dec 31, 2024+123.1%

Properties, in its own words

A description of our properties is included in “Item 1. Business.” In addition, we own and lease warehouses and offices in the continental United States, Canada, Europe, Hawaii and the Greater Caribbean. While we may require additional warehouse and office space as our business expands, we believe that our existing facilities are adequate to meet our needs for the immediate future, and that additional facilities will be available on commercially reasonable terms as needed.

We believe that we have satisfactory title to or valid rights to use all of our material properties. Although some of our properties are subject to liabilities and leases, liens for taxes not yet due and payable, encumbrances securing payment obligations under non-competition agreements and immaterial encumbrances, easements and restrictions, we do not believe that any such burdens will materially interfere with our continued use of such properties in our business, taken as a whole. In addition, we believe that we have, or are in the process of obtaining, all required material approvals, authorizations, orders, licenses, permits, franchises and consents of, and have obtained or made all required material registrations, qualifications and filings with, the various state and local government and regulatory authorities which relate to ownership of our properties or the operations of our business.

Item 2 of the 10-K filed Feb 19, 2026.6

Leadership

Who has led SunocoCorp LLC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Joseph Kim2025–now

Chief financial officer

  1. Dylan Bramhall2025–now
Board members and other officers (10)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • 2564047 Alberta Ltd. Canada5
  • 2621469 Alberta Ltd. Canada5
  • 2624858 Alberta Ltd. Canada5
  • 2661123 Alberta Ltd. Canada5
  • 2709716 Alberta ULC Canada5
  • 2771144 Alberta ULC Canada5
  • Aloha Petroleum LLC Delaware5
  • Aloha Petroleum, Ltd. Hawaii5
  • BNTCL Holdings Ltd. Barbados5
  • BRIM GP Ltd. Canada5
  • BRIM LP Canada5
  • Cal’s Convenience, Inc. Texas5
  • Cööperatie NuStar Holdings U.A. Netherlands5
  • ERM Cayman Financing Company Cayman Islands5
  • ET-S Permian Holdings Company LP Texas5
  • ET-S Permian Marketing Company LLC Texas5
  • ET-S Permian Pipeline Company LLC Texas5
  • ET-S Permian Terminals Company LLC Texas5
  • Eco-Products Manufacturing of Puerto Rico Inc. Puerto Rico5
  • Elbow River Marketing Ltd. Canada5
  • Elbow River Marketing Mexico S.A. de C.V. Mexico5
  • Elbow River Marketing USA Ltd. Delaware5
  • Estrella Holdings Limited Cayman Islands5
  • Fathom Global Energy FT LLC Delaware5
All 119 listed subsidiaries
  • Harvest Hills Insurance Ltd. Cayman Islands5
  • J.C. Nolan Pipeline Co., LLC Delaware5
  • J.C. Nolan Terminal Co., LLC Delaware5
  • LegacyStar Services, LLC Delaware5
  • M&M Meat Shops Ltd. Canada5
  • MyMenu Canada Inc. Canada5
  • NuStar Energy LLC Delaware5
  • NuStar Finance LLC Delaware5
  • NuStar GP, Inc. Delaware5
  • NuStar Internacional, S. de R.L. de C.V. Mexico5
  • NuStar Logistics, L.P. Delaware5
  • NuStar Permian Holdings, LLC Delaware5
  • NuStar Pipeline Company, LLC Delaware5
  • NuStar Pipeline Operating Partnership L.P. Delaware5
  • NuStar Pipeline Partners L.P. Delaware5
  • NuStar Services Company LLC Delaware5
  • NuStar Supply & Trading LLC Delaware5
  • NuStar Terminals Operations Partnership L.P. Delaware5
  • NuStar Terminals Services, Inc. Delaware5
  • OTR Infrastructure GP Inc. Canada5
  • OTR Infrastructure LP Canada5
  • On the Run Charging GP Inc. Canada5
  • On the Run Charging LP Canada5
  • PKI EV Holdings GP Inc. Canada5
  • PKI EV Holdings LP Canada5
  • POC USVI LLC U.S. Virgin Islands5
  • Parkland (Barbados) Finance Company Inc. Barbados5
  • Parkland (U.S.) Holding Corp. Delaware5
  • Parkland (U.S.) People Corp. Delaware5
  • Parkland (U.S.) Supply Corp. Delaware5
  • Parkland Acquisition Ltd. Canada5
  • Parkland Corporation Canada5
  • Parkland Refining (B.C.) Ltd. Canada5
  • Parkland Refining Ltd. Canada5
  • Parkland Terminals of Canada Inc. Canada5
  • Parkland Terminals of Eastern Canada Inc. Canada5
  • Parkland USA Corporation Delaware5
  • Parkland USA Finance Corporation Delaware5
  • Peerless Oil & Chemicals, Inc. Delaware5
  • Peerless Oil Company (Puerto Rico), Inc. Puerto Rico5
  • Petro Taino Transport Corp. Puerto Rico5
  • Portland Terminals, LLC Delaware5
  • Riverwalk Logistics, LLC. Delaware5
  • SOL St Lucia Ltd - BVI Branch British Virgin Islands5
  • Shore Terminals LLC Delaware5
  • Sol (Barbados) Finance Inc. Barbados5
  • Sol (Barbados) Ltd (Barbados) Barbados5
  • Sol (St Lucia) Ltd Anguilla Anguilla5
  • Sol Antiles Guyane SASU Martinique5
  • Sol Antilles Guyane SAS (France) France5
  • Sol Aviation Services Limited (Barbados) Barbados5
  • Sol Aviation Services Limited (UK) UK5
  • Sol Belize Limited (Belize) Belize5
  • Sol Brands Inc (Barbados IBC) Barbados5
  • Sol Caribbean Ltd (Barbados IBC) Barbados5
  • Sol EC Ltd (Dominica) Dominica5
  • Sol EC Ltd (Grenada) Grenada5
  • Sol Guyana Inc (Guyana) Guyana5
  • Sol Guyane Francaise SAS (French Guiana) France5
  • Sol Jamaica SRL Barbados5
  • Sol Logistics et Transport E.U.R.L (France) France5
  • Sol Petroleum (Barbados) SRL (Barbados) Barbados5
  • Sol Petroleum Antilles SASU (France) France5
  • Sol Petroleum Bahamas Limited (Bahamas) Bahamas5
  • Sol Petroleum Bermuda Limited (Bermuda) Bermuda5
  • Sol Petroleum International Sales Company Limited (Barbados) Barbados5
  • Sol Petroleum USVI Limited U.S. Virgin Islands5
  • Sol Puerto Rico Limited (UK) Puerto Rico5
  • Sol Republica Dominicana SRL (Dominican Republic) Dominican Republic5
  • Sol Suriname NV (Suriname) Suriname5
  • Sun LP Pipeline LLC Delaware5
  • Sun LP Terminals LLC Delaware5
  • Sun Lubricants and Specialty Products Inc. Canada5
  • Sun PKI Holdings LLC Delaware5
  • Sun Pipeline Holdings LLC Texas5
  • Sunmarks, LLC Delaware5
  • Sunoco Amsterdam Terminal B.V. Netherlands5
  • Sunoco Aviation LLC Delaware5
  • Sunoco Bantry Bay Terminal Limited Ireland5
  • Sunoco European Holdings Limited Ireland5
  • Sunoco Finance Corp. Delaware5
  • Sunoco Global LLC Delaware5
  • Sunoco Ireland Limited Ireland5
  • Sunoco LP Delaware5
  • Sunoco Marine Ltd. Delaware5
  • Sunoco Midstream Holdings, LLC Delaware5
  • Sunoco Midstream LLC Delaware5
  • Sunoco Netherlands Amsterdam B.V. Netherlands5
  • Sunoco Netherlands Ireland Holdings B.V. Netherlands5
  • Sunoco Overseas, Inc. Delaware5
  • Sunoco Retail LLC Pennsylvania5
  • Sunoco, LLC Delaware5
  • Tropic Acquisition Corp. Delaware5
  • Tropic Oil Company LLC Florida5
  • Tropic Transportation, LLC Florida5

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Sep 10, 20268-K Listing notice or transfer; Regulation FD disclosure21
  2. Aug 10, 20268-K Regulation FD disclosure22
  3. Aug 4, 20268-K Results of operations; Regulation FD disclosure23
  4. Jul 16, 20268-K Financial statements and exhibits24
  5. May 5, 20268-K Results of operations; Regulation FD disclosure25
  6. Apr 21, 20268-K Regulation FD disclosure; Other events26
  7. Feb 17, 20268-K Results of operations; Regulation FD disclosure27
  8. Jan 16, 20268-K Financial statements and exhibits28
  9. Dec 10, 20258-K Executive or director change29
  10. Nov 3, 2025New chief executive Joseph Kim becomes CEO10
  11. Nov 3, 20258-K Entered a material agreement; Completed an acquisition or sale; Unregistered sale of shares30
  12. Jun 6, 2000Founded SunocoCorp LLC is founded2

Calendar

Coming up

  1. Around Nov 3, 2026Next results, estimated About a quarter after its last report. The company hasn't announced the date.

When it reported results

  1. Aug 4, 2026Reported quarterly or annual results23
  2. May 5, 2026Reported quarterly or annual results25
  3. Feb 17, 2026Reported quarterly or annual results27

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

42 filings to the SEC since October 2021: 1 annual reports, 2 quarterly reports, 11 major events, 17 insider forms, 5 large holders, 6 other. The latest 20:

  1. Sep 30, 2026CERT SUNC 8A CERTIFICATION EDGAR
  2. Sep 28, 202625 EDGAR
  3. Sep 28, 20268-A12B EDGAR
  4. Sep 10, 20268-K EDGAR
  5. Sep 8, 2026SCHEDULE 13G/A EDGAR
  6. Aug 10, 20268-K EDGAR
  7. Aug 6, 202610-Q EDGAR
  8. Aug 4, 20268-K EDGAR
  9. Jul 16, 20268-K EDGAR
  10. Jul 16, 2026S-8 EDGAR
  11. Jul 6, 20268-K12B EDGAR
  12. May 7, 202610-Q EDGAR
  13. May 5, 20268-K EDGAR
  14. Apr 27, 2026SCHEDULE 13G/A EDGAR
  15. Apr 21, 20268-K EDGAR
  16. Mar 6, 20264 EDGAR
  17. Mar 6, 20264 EDGAR
  18. Mar 6, 2026SCHEDULE 13G EDGAR
  19. Feb 19, 202610-K EDGAR
  20. Feb 17, 20268-K EDGAR

The 42 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

3 open-market trades by officers, directors and large owners since October 2021: 3 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Nov 26, 2025Jennings MichaelDirectorBuy1,000$52.00$52.0KForm 4
Nov 17, 2025Jennings MichaelDirectorBuy3,000$49.68$149.0KForm 4
Nov 10, 2025Kim JosephPresident & CEOBuy6,000$48.97$293.8KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Fmr LLC4,974,162$336.6M0.0%−69,546
Blackstone Inc.3,008,259$203.6M0.7%−63,651
Goldman Sachs Group Inc2,765,485$187.1M0.0%+168,250
Assenagon Asset Management S.A.2,113,250$143.0M0.1%New
Two Sigma Investments, LP1,854,718$125.5M0.1%+563,739
Invesco Ltd.1,559,757$105.5M0.0%+411,786
Neuberger Berman Group LLC1,466,877$99.3M0.1%+128,280
Norges Bank1,415,751$95.8M0.0%New
Morgan Stanley1,409,783$95.4M0.0%−67,968
BCV Asset Management Inc.1,261,725$86.5M2.6%+18,207
Millennium Management LLC1,141,811$77.3M0.1%−345,662
Dimensional Fund Advisors LP986,124$66.7M0.0%+117,056
Qube Research & Technologies Ltd962,908$65.2M0.1%+228,301
Kayne Anderson Capital Advisors LP819,337$55.4M1.1%+602,448
Clearbridge Investments, LLC763,378$51.7M0.0%+46,700
Renaissance Technologies LLC721,000$48.8M0.1%+229,500
UBS Group AG649,574$44.0M0.0%−486,485
Bank Of America Corp /de/507,888$34.4M0.0%−1,092,869
BlackRock, Inc.476,281$32.2M0.0%+104,809
Merewether Investment Management, LP456,100$30.9M0.6%New
Healthcare Of Ontario Pension Plan Trust Fund433,253$29.3M0.0%+297,953
CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT406,000$27.5M1.2%+206,000
TIG Advisors, LLC400,585$27.1M1.2%−436,814
Voleon Capital Management LP372,427$25.2M0.5%+198,856
Energy Income Partners, LLC370,203$25.1M0.4%+163,526

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How SunocoCorp LLC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSunocoCorp LLC1
  • CIK0002089661
  • Employer ID (EIN)85-04709776
  • Filer statusNon-accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company6
  • Incorporated inDelaware6
  • Fiscal year endsDecember 311
  • Industry code (SIC)2911 Petroleum Refining1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address8111 Westchester Drive, Suite 400, Dallas, TX 752251
  • Phone21484052641
  • Shares outstanding51,517,198 as of Jul 31, 20268
  • Public float$0 as of Jun 30, 20257
  • AuditorGRANT THORNTON LLP, Dallas, Texas PCAOB ID 248; it also attests to the company’s internal control over financial reporting6
  • On EDGAR sinceOct 30, 20251
  • Filings42 in all: 3 (12), 8-K (9), 4 (5), SCHEDULE 13G (3), 10-Q (2), 8-A12B (2), CERT (2), SCHEDULE 13G/A (2)1
    All 13 form types

    10-K (1), 25 (1), 8-K/A (1), 8-K12B (1), S-8 (1)

  • Latest filingsAnnual report (10-K) Feb 19, 2026
    Quarterly report (10-Q) Aug 6, 2026
    Latest 8-K (8-K) Sep 10, 2026

Securities registered for trading

ClassSymbolExchange
Common Units Representing Limited Liability Company InterestsSUNCNew York Stock Exchange

From the cover page of the 10-K filed Feb 19, 2026 (Section 12(b) of the Exchange Act).6

Risk factors and legal proceedings

The risks SunocoCorp LLC names in Item 1A of its 10-K filed Feb 19, 2026: 70 risks under these headings, as written.6

  • Risks Related to Our Relationship with Sunoco
  • Risks Related to Sunoco’s Business
  • Results of Operations and Financial Condition.
  • Acquisitions and Future Growth.
  • Risks Related to Our Structure
  • Tax Risks to Unitholders
  • Detail of Risk Factors Related to Our Relationship with Sunoco
  • Our sole material asset is limited partnership interests in, and control of, Sunoco and, accordingly, we are dependent upon distributions or other payments from Sunoco in order to pay taxes and other expenses, satisfy our liabilities and make distributions to our unitholders.
  • The amount of any dividends or distributions to be paid by us are not guaranteed.
  • Our common units have different rights from the Sunoco Common Units.
  • Our Common Unitholders are not beneficiaries of and will have no right to enforce the terms of the Omnibus Agreement or Delegation Agreement.
  • The amount of cash Sunoco has available for distribution to holders of its units depends primarily on its cash flow and not solely on profitability, which may prevent it from making cash distributions during periods when it records net income.
The other 62 risks
  • If we cease to control Sunoco, we may become an investment company under the Investment Company Act of 1940.
  • Detail of Risk Factors Related to Sunoco’s Business
  • Results of Operations and Financial Condition
  • Sunoco’s Cash distributions are not guaranteed and may fluctuate with Sunoco’s performance and other external factors.
  • Changes in U.S. administrative policy, including the imposition of or increases in tariffs on steel and/or other raw materials, changes to existing trade agreements and any resulting changes in international trade relations, may have an adverse effect on Sunoco.
  • Sunoco’s business could be negatively impacted by the inflationary pressures which may decrease its operating margins and increase working capital investments required to operate its business.
  • General economic, financial, and political conditions, including the impact of tariffs, may materially adversely affect Sunoco’s results of operations and financial condition.
  • Sunoco’s financial condition and results of operations are influenced by changes in the prices of motor fuel, crude oil, refinery feedstock or refined petroleum products, which may adversely impact its margins, its customers’ financial condition and the availability of trade credit.
  • A significant decrease in demand for motor fuel, crude oil, refinery feedstock or refined petroleum products, including increased consumer preference for alternative motor fuels or improvements in fuel efficiency or a material shift toward electric or other alternative-power vehicles, in the areas Sunoco serves would reduce its ability to make distributions to its unitholders, including SunocoCorp.
  • The industries in which Sunoco operates are subject to seasonal trends, which may cause its operating costs to fluctuate, affecting its cash flow.
  • The dangers inherent in the storage and transportation of motor fuel, crude oil, refinery feedstock, refined petroleum products and anhydrous ammonia could cause disruptions in Sunoco’s operations and could expose it to potentially significant losses, costs or liabilities.
  • Sunoco’s pipeline, fuel storage terminals and refinery are subject to operational and business risks which may adversely affect its financial condition, results of operations, cash flows and ability to make distributions to its unitholders, including SunocoCorp.
  • Negative events or developments associated with Sunoco’s branded suppliers could have an adverse impact on its revenues.
  • Severe weather, which may increase in frequency and intensity due to climate change, could adversely affect Sunoco’s business by damaging its suppliers’ or its customers’ facilities or communications networks.
  • The wholesale motor fuel distribution industry is characterized by intense competition and fragmentation. Failure to effectively compete could result in lower margins.
  • Sunoco competes with other midstream service providers, including certain major energy and chemical companies, that possess, or have greater financial resources to acquire, assets better suited to meet customer demand, which could undermine its ability to obtain and retain customers or reduce utilization of its assets, which could adversely affect its revenues and cash flows, thereby reducing its ability to make its quarterly distributions to unitholders.
  • The convenience store industry is highly competitive and impacted by new entrants. Failure to effectively compete could result in lower sales and lower margins.
  • Sunoco does not own all of the land on which its retail service stations are located, and it leases certain facilities and equipment, and it is subject to the possibility of increased costs to retain necessary land use which could disrupt its operations.
  • Sunoco’s investment in the Burnaby Refinery is subject to operational risks, including commodity price and pricing pressure and environment, health and safety hazards. If any of the operational risks materialize, Sunoco’s financial condition or results of operations could be materially and adversely affected.
  • Sunoco faces a variety of risks related to its entry into the refinery business following the completion of the Parkland Acquisition.
  • Future litigation could adversely affect Sunoco’s financial condition and results of operations.
  • Because Sunoco depends on its senior management’s experience and knowledge of the industry in which it operates, Sunoco could be adversely affected were Sunoco to lose key members of its senior management team.
  • Sunoco competes with other businesses in its market with respect to attracting and retaining qualified employees.
  • Sunoco is not fully insured against all risks incident to its business.
  • Terrorist attacks and threatened or actual war may adversely affect Sunoco’s business.
  • Cybersecurity attacks, data breaches and other disruptions affecting Sunoco, or its service providers, could materially and adversely affect its business, operations, reputation, and financial results.
  • Sunoco relies on its information systems to manage numerous aspects of its business, and a disruption of these systems could adversely affect its business.
  • Failure to retain or replace current customers and renew existing contracts on comparable terms to maintain utilization of Sunoco’s pipeline and storage assets at current or more favorable rates could reduce its revenue and cash flows to levels that could adversely affect its ability to make quarterly distributions to its unitholders, including SunocoCorp.
  • Sunoco’s business and its reputation could be adversely affected by the failure to protect sensitive customer, employee or vendor data, whether as a result of cybersecurity attacks or otherwise, or to comply with applicable regulations relating to data security and privacy.
  • Sunoco relies on its suppliers to provide trade credit terms to adequately fund its ongoing operations.
  • Increases in power prices could adversely affect operating expenses and Sunoco’s ability to make distributions to its unitholders, including SunocoCorp.
  • Sunoco depends on cash flow generated by its subsidiaries.
  • An impairment of goodwill and intangible assets could reduce Sunoco’s earnings.
  • Acquisitions and Future Growth
  • If Sunoco is unable to make acquisitions on economically acceptable terms from third parties, its future growth and ability to increase distributions to unitholders will be limited.
  • Acquisitions are subject to substantial risks that could adversely affect Sunoco’s financial condition and results of operations and reduce its ability to make distributions to unitholders.
  • Sunoco could be subject to liabilities from its assets that predate its acquisition of those assets, but that are not covered by indemnification rights it has against the sellers of the assets.
  • The Inflation Reduction Act of 2022 could accelerate the transition to a low carbon economy and could impose new costs on Sunoco’s operations.
  • Regulatory Matters
  • Sunoco’s operations are subject to federal, state and local laws and regulations, in North America, the Greater Caribbean and Europe, relating to the environment, health, safety and security that require it to make substantial expenditures.
  • Sunoco’s operations are subject to a series of risks related to climate change.
  • A climate-related decrease in demand for crude oil could negatively affect Sunoco’s business.
  • Increased attention to environmental, social and governance (“ESG”) matters and conservation measures may adversely impact Sunoco’s business.
  • Sunoco is subject to federal laws related to the RFS.
  • Sunoco is subject to federal, state and local laws and regulations that govern the product quality specifications of refined petroleum products it purchases, stores, transports, and sells to its distribution customers.
  • Sunoco operates assets outside of the United States, which exposes it to different legal and regulatory requirements and additional risk.
  • Disputes regarding a failure to maintain product quality specifications or other claims related to the operation of Sunoco’s assets and the services it provides to its customers may result in unforeseen expenses and could result in the loss of customers.
  • The swaps regulatory provisions of the Dodd-Frank Act and the rules adopted thereunder could have an adverse effect on Sunoco’s ability to use derivative instruments to mitigate the risks of changes in commodity prices and interest rates and other risks associated with its business.
  • If third-party pipelines and other facilities interconnected to Sunoco’s fuel storage terminals and transmix processing facilities become partially or fully unavailable to transport refined products, its revenues could be adversely affected.
  • Sunoco may be unable to obtain or renew permits necessary for its current or proposed operations, which could inhibit its ability to conduct or expand its business.
  • Certain of Sunoco’s interstate common carrier pipelines are subject to regulation by the FERC and the Surface Transportation Board (“STB”), which could have an adverse impact on its ability to recover the full cost of operating its pipelines and the revenue it is able to receive from those operations.
  • The third parties on whom Sunoco relies for transportation services to its fuel storage terminals and transmix processing facilities are subject to complex federal, state, and other laws that could adversely affect its financial condition and results of operations.
  • Indebtedness
  • Sunoco’s debt levels may impair its financial condition and its ability to make distributions on Sunoco Series A Preferred Units, Sunoco Common Units and Sunoco Class D Units.
  • Increases in interest rates could reduce the amount of cash Sunoco has available for distributions as well as the relative value of those distributions to yield-oriented investors, which could cause a decline in the market value of the Sunoco Common Units and in turn, our common units.
  • Sunoco’s existing debt agreements have substantial restrictions and financial covenants that may restrict its business and financing activities and its ability to pay distributions to its unitholders, including SunocoCorp.
  • As our only cash-generating assets are our limited partnership interests in Sunoco, our tax risks are primarily derivative of the tax
  • risks associated with an investment in Sunoco.
  • The tax treatment of Sunoco depends on its status as a partnership for U.S. federal income tax purposes, as well as it not being subject to a material amount of additional entity-level taxation by individual states or non-U.S. jurisdictions. If the IRS were to treat Sunoco as a corporation for U.S. federal income tax purposes or if Sunoco becomes subject to a material amount of additional entity-level or other forms of taxation for state or non-U.S. tax purposes, it would reduce the amount of cash available for distribution to us.
  • The tax treatment of publicly traded partnerships or our investment in Sunoco could be subject to potential legislative, judicial or administrative changes or differing interpretations, possibly applied on a retroactive basis.
  • Sunoco has subsidiaries that are treated as corporations for U.S. federal income tax purposes and are subject to corporate-level income taxes.
  • Detail of Risk Factors Related to Our Structure
  • SunocoCorp Manager
  • Energy Transfer owns and controls SunocoCorp Manager, which has sole responsibility for conducting our business and managing our operations. SunocoCorp Manager and its affiliates, including Energy Transfer, may have conflicts of interest with us and have limited contractual duties and thus, they may favor their own interests to the detriment of us and our unitholders.
  • SunocoCorp Manager may approve the issuance of our securities and specify the terms of such securities.
  • Cost reimbursements due to SunocoCorp Manager and its affiliates for services provided to us or on our behalf will reduce cash available for distribution to our unitholders. The amount and timing of such reimbursements will be determined by SunocoCorp Manager.
  • Our Company Agreement
  • Our Company Agreement does not require us to distribute cash to our unitholders.

Legal proceedings

For information regarding legal proceedings, see Note 15 to our consolidated financial statements included in “Item 8. Financial Statements and Supplementary Data” in this Annual Report on Form 10-K for the year ended December 31, 2025.

Sunoco LP, Aloha Petroleum and other Energy Transfer affiliates are defendants in lawsuits alleging liability for climate change impacts from greenhouse gas emissions in Hawaii, Maine and Vermont. Plaintiffs in these cases allege deceptive marketing and concealment of information about these effects, violations of state consumer protection and unfair trade practices laws, and seek certain equitable relief, statutory and civil penalties, punitive damages, disgorgement of profits and attorney’s fees. We are unable to estimate the possible loss or range of loss in excess of amounts accrued. Sunoco intends to vigorously defend the subject claims.

The opening of Item 3, Legal Proceedings.6

Sources

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