# Sunoco LP Reports $499 Million Third-Quarter Net Income and Lifts Distribution 1.25%

> Sunoco LP reported $499 million in third-quarter net income, closed its Offen Petroleum purchase and raised its quarterly distribution 1.25% to $1.0148 per unit.

- Published: 2026-11-03T12:43:56+00:00
- Section: Earnings & Results
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-03/sunoco-third-quarter-results-distribution-increase
- Source: [Business Wire](https://www.businesswire.com/news/home/20261103706240/en/)

## Key takeaways

- Sunoco LP reported third-quarter 2026 net income of $499 million, up from $137 million a year earlier.
- Adjusted EBITDA excluding one-time transaction-related expenses was $1.060 billion, and the partnership expects to exceed its 2026 guidance range of $3.5 billion to $3.7 billion.
- The quarterly distribution rose 1.25% to $1.0148 per unit, payable November 19, 2026, to holders of record on November 6, 2026.
- Sunoco completed its acquisition of Offen Petroleum on October 27, 2026.

Sunoco LP reported third-quarter 2026 net income of $499 million, up from $137 million a year earlier, and said it expects to exceed its 2026 Adjusted EBITDA guidance range of $3.5 billion to $3.7 billion. The partnership announced the results in a [Business Wire](https://www.businesswire.com/news/home/20261103706240/en/) release on November 3, 2026.

## Sunoco's Quarter and the Offen Petroleum Close

Adjusted EBITDA for the quarter was $1.049 billion, compared with $489 million in the third quarter of 2025. Excluding $11 million of one-time transaction-related expenses, Adjusted EBITDA was $1.060 billion. Distributable Cash Flow, as adjusted, was $588 million, against $326 million a year earlier.

The Fuel Distribution segment posted Adjusted EBITDA of $523 million, compared with $232 million, on about 4.2 billion gallons sold and a fuel margin of 16.8 cents per gallon. Pipeline Systems Adjusted EBITDA was $166 million, Terminals was $122 million and the Refinery segment was $238 million.

Sunoco completed its acquisition of [Offen Petroleum](https://akta.pro/company-profiles/0009wv5/offen-petroleum) on October 27, 2026. Store Dive reported that Sunoco agreed in August to buy the fuel distributor for approximately $600 million, gaining a network delivering 2.5 billion gallons annually to more than 800 retail stations across the Midwest, Mountain West and Southwest.

Sunoco LP is an energy infrastructure and fuel distribution master limited partnership operating across 33 countries and territories, with about 14,000 miles of pipeline and over 170 terminals. Its general partner is owned by Energy Transfer LP.

## Sunoco's Distribution and Leverage Position

Sunoco and SunocoCorp LLC announced a third-quarter distribution of $1.0148 per unit, or $4.0592 annualized, on October 22, 2026, an increase of about 1.25% from the prior quarter and over 10% from the third quarter of 2025. The payout is the eighth consecutive quarterly increase and will be paid on November 19, 2026, to holders of record on November 6, 2026.

At September 30, 2026, Sunoco had long-term debt of approximately $13.2 billion and about $2.3 billion of liquidity remaining on its revolving credit facility. Its leverage ratio of net debt to Adjusted EBITDA was approximately 3.5 times. Capital expenditures in the quarter were $237 million, including $121 million of growth capital and $116 million of maintenance capital.

## Fuel Distributors' Third-Quarter Results

OMV reported third-quarter revenue up 43% and a clean CCS Operating Result up 68%, with higher prices and margins supporting cash generation as Middle East disruptions constrained Energy sales, [TradingView](https://www.tradingview.com/news/urn:summary_document_report:quartr.com:3676507:0-omv-strong-fuels-and-energy-results-lifted-q3-earnings-as-geopolitical-disruption-constrained-supply/) reported on October 29, 2026. Aldrees Petroleum and Transport Services Co. Said third-quarter profit rose 22% to SAR 137.6 million, [Argaam](https://www.argaam.com/en/article/articledetail/id/1946210) reported on October 22, 2026. Aegean Oil reported 2025 revenue of €1.07 billion, up 3.3%, while net profit fell to €6 million from €6.8 million, [Capital.gr](https://www.capital.gr/epixeiriseis/4025419/pos-epireazei-i-krisi-tin-agora-kausimon-kai-ti-blepei-i-aegean-oil-tou-d-melissanidi-oi-stoxoi-gia-to-epomeno-diastima/) reported on October 24, 2026.

## Sunoco's November 19 Payment Date

Sunoco and SunocoCorp LLC will pay the quarterly distribution on November 19, 2026, to holders of record on November 6, 2026.

## Companies in this story

- Sunoco LP · website: https://www.sunocolp.com
- [Offen Petroleum company profile](https://akta.pro/company-profiles/0009wv5/offen-petroleum) · website: https://www.offenpetro.com

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