SUNOCO LP, 10-Q filed on 8/6/2026
Quarterly Report
v3.26.1
Document And Entity Information - shares
 6 Months Ended
Jun. 30, 2026
Jul. 31, 2026
Document Information [Line Items]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Jun. 30, 2026  
Document Transition Report false  
Entity File Number 001-35653  
Entity Registrant Name SUNOCO LP  
Entity Incorporation, State or Country Code TX  
Entity Tax Identification Number 30-0740483  
Entity Address, Address Line One 8111 Westchester Drive  
Entity Address, Address Line Two Suite 400  
Entity Address, City or Town Dallas  
Entity Address, State or Province TX  
Entity Address, Postal Zip Code 75225  
City Area Code 214  
Local Phone Number 981-0700  
Title of 12(b) Security Common Units Representing Limited Partner Interests  
Trading Symbol SUN  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Central Index Key 0001552275  
Current Fiscal Year End Date --12-31  
Document Fiscal Year Focus 2026  
Document Fiscal Period Focus Q2  
Amendment Flag false  
Common Units [Member]    
Document Information [Line Items]    
Entity Partnership Units Outstanding   136,896,651
Common Class C [Member]    
Document Information [Line Items]    
Entity Partnership Units Outstanding   16,410,780
Common Class D units    
Document Information [Line Items]    
Entity Partnership Units Outstanding   51,517,198
v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Jun. 30, 2025
Current assets:      
Cash and cash equivalents $ 773 $ 891 $ 116
Accounts receivable, net 3,284 1,972  
Inventories, net 2,390 2,383  
Other current assets 269 270  
Total current assets 6,782 5,516  
Property, plant and equipment 16,000 15,256  
Accumulated depreciation (2,332) (1,848)  
Property, plant and equipment, net 13,668 13,408  
Other assets:      
Operating lease right-of-use assets, net 1,496 1,449  
Goodwill 3,064 3,026  
Intangible assets, net 2,343 2,411  
Other non-current assets 963 928  
Investments in unconsolidated affiliates 1,610 1,624  
Total assets 29,926 28,362  
Current liabilities:      
Accounts payable 3,516 2,485  
Accounts payable to affiliates 496 331  
Accrued expenses and other current liabilities 1,062 953  
Operating lease current liabilities 182 211  
Current maturities of long-term debt 6 17  
Total current liabilities 5,262 3,997  
Operating lease non-current liabilities 1,345 1,255  
Long-term debt, net 13,308 13,372  
Deferred tax liabilities 1,059 1,139  
Other non-current liabilities 528 512  
Total liabilities 21,578 20,353  
Commitments and contingencies (Note 13)  
Preferred Units, Preferred Partners' Capital Accounts $ 1,507 $ 1,507  
Preferred Units, Issued 1,500,000 1,500,000  
Preferred Units, Outstanding 1,500,000 1,500,000  
Common unitholders     4,099
Equity:      
Total equity $ 8,348 $ 8,009 4,097
Accumulated other comprehensive loss (45) (6) $ (2)
Total liabilities and equity 29,926 28,362  
Related Party      
Current assets:      
Other Receivables, Net, Current 66 0  
Current liabilities:      
Advances from affiliates $ 76 $ 78  
Common Units [Member]      
Current liabilities:      
Limited Partners' Capital Account, Units Issued 136,895,901 136,866,854  
Common unitholders $ 4,249 $ 3,970  
Equity:      
Limited Partners' Capital Account, Units Outstanding 136,895,901 136,866,854  
Class C Units [Member]      
Current liabilities:      
Limited Partners' Capital Account, Units Issued 16,410,780 16,410,780  
Common unitholders $ 0 $ 0  
Equity:      
Limited Partners' Capital Account, Units Outstanding 16,410,780 16,410,780  
Class D unitholders      
Current liabilities:      
Limited Partners' Capital Account, Units Issued 51,517,198 51,517,198  
Common unitholders $ 2,637 $ 2,538  
Equity:      
Limited Partners' Capital Account, Units Outstanding 51,517,198 51,517,198  
v3.26.1
Consolidated Balance Sheets (Parenthetical) - shares
Jun. 30, 2026
Dec. 31, 2025
Common Units [Member]    
Equity:    
Limited Partners' Capital Account, Units Issued 136,895,901 136,866,854
Limited Partners' Capital Account, Units Outstanding 136,895,901 136,866,854
Class C Units [Member]    
Equity:    
Limited Partners' Capital Account, Units Issued 16,410,780 16,410,780
Limited Partners' Capital Account, Units Outstanding 16,410,780 16,410,780
v3.26.1
Consolidated Statements of Operations - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues [Abstract]        
Revenues $ 14,259 $ 5,390 $ 24,949 $ 10,569
COSTS AND EXPENSES:        
Cost of sales (excluding items shown separately below) 12,795 4,821 21,796 9,347
Operating expenses 381 145 711 288
General and administrative 159 50 314 89
Lease expense 56 19 109 35
Loss on disposal of assets and impairment charges 3 (2) 2 1
Depreciation, amortization and accretion 282 154 568 310
Total cost of sales and operating expenses 13,676 5,187 23,500 10,070
OPERATING INCOME 583 203 1,449 499
Other Income and Expenses [Abstract]        
Interest expense, net (204) (123) (405) (244)
Equity in earnings of unconsolidated affiliates 47 31 89 63
Loss on extinguishment of debt 0 (17) (1) (19)
Other, net (64) (1) (91) (1)
INCOME BEFORE INCOME TAXES 362 93 1,041 298
Income tax expense 79 7 114 5
NET INCOME 283 86 927 293
Less: Preferred unitholders' interest in net income (29) 0 (59) 0
Interest in net income attributable to Class D unitholder (49) 0 (198) 0
NET INCOME ATTRIBUTABLE TO COMMON UNITS $ 205 $ 86 $ 670 $ 293
Net income (loss) per common unit:        
Basic $ 0.94 $ 0.33 $ 3.81 $ 1.55
Diluted $ 0.94 0.33 3.79 1.54
Weighted average common units outstanding:        
CASH DISTRIBUTION PER COMMON UNIT   $ 0.9088 $ 1.9922 $ 1.8064
Common Units [Member]        
Weighted average common units outstanding:        
Basic 136,895,211 136,432,676 136,892,005 136,350,550
Diluted 137,735,133 137,146,019 137,644,970 137,040,946
Sales revenue        
Revenues [Abstract]        
Revenues $ 13,670 $ 5,046 $ 23,813 $ 9,897
Service revenue        
Revenues [Abstract]        
Revenues 546 314 1,054 613
Lease revenue        
Revenues [Abstract]        
Revenues $ 43 $ 30 $ 82 $ 59
v3.26.1
Statement of Comprehensive Income (Statement) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Statement of Comprehensive Income [Abstract]        
NET INCOME $ 283 $ 86 $ 927 $ 293
Other comprehensive income (loss), net of tax        
Foreign currency translation adjustment (29) 2 (39) 3
Actuarial loss related to pension and other postretirement benefit plans 0 (1) 0 (1)
Other Comprehensive Income (Loss), Net of Tax, Total (29) 1 (39) 2
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest 254 87 888 295
Comprehensive income attributable to Preferred unitholders 29 0 59 0
Less: Class D unitholder's interest in net income 49 0 198 0
Comprehensive income $ 176 $ 87 $ 631 $ 295
v3.26.1
Consolidated Statement of Equity - USD ($)
$ in Millions
Total
Common Unitholders
Class D unitholders
Series A Preferred Units
Accumulated Other Comprehensive Income
Beginning balance at Dec. 31, 2024 $ 4,068 $ 4,066     $ 2
Cash distributions to unitholders, including incentive distributions 159 159     0
Non-cash unit-based compensation 4 4     0
Other comprehensive loss, net of tax 1 0     1
Units issued in acquisition 5 5     0
Other 30 36     (6)
NET INCOME 207 207     0
Ending balance at Mar. 31, 2025 4,156 4,159     (3)
Beginning balance at Dec. 31, 2024 4,068 4,066     2
Other comprehensive loss, net of tax 2        
NET INCOME 293        
Ending balance at Jun. 30, 2025 4,097        
Beginning balance at Mar. 31, 2025 4,156 4,159     (3)
Cash distributions to unitholders, including incentive distributions 163 163     0
Non-cash unit-based compensation 5 5     0
Other comprehensive loss, net of tax 1 0     1
Units issued in acquisition 13 13     0
Other (1) (1)     0
NET INCOME 86 86     0
Ending balance at Jun. 30, 2025 4,097        
Beginning balance at Dec. 31, 2025 8,009 3,970 $ 2,538 $ 1,507 (6)
Cash distributions to unitholders, including incentive distributions 296 189 48 59 0
Non-cash unit-based compensation 6 6 0 0 0
Other comprehensive loss, net of tax (10) 0 0 0 (10)
Other (6) (6) 0 0 0
NET INCOME 644 465 149 30 0
Ending balance at Mar. 31, 2026 8,347 4,246 2,639 1,478 (16)
Beginning balance at Dec. 31, 2025 8,009 3,970 2,538 1,507 (6)
Other comprehensive loss, net of tax (39)        
NET INCOME 927        
Ending balance at Jun. 30, 2026 8,348 4,249 2,637 1,507 (45)
Beginning balance at Mar. 31, 2026 8,347 4,246 2,639 1,478 (16)
Cash distributions to unitholders, including incentive distributions 260 209 51 0 0
Non-cash unit-based compensation 7 7 0 0 0
Other comprehensive loss, net of tax (29) 0 0 0 (29)
NET INCOME 283 205 49 29 0
Ending balance at Jun. 30, 2026 $ 8,348 $ 4,249 $ 2,637 $ 1,507 $ (45)
v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
OPERATING ACTIVITIES:    
NET INCOME $ 927 $ 293
Reconciliation of net income to net cash provided by operating activities:    
Depreciation, amortization and accretion 568 310
Amortization of deferred financing fees 18 8
Loss on disposal of assets and impairment charges 2 1
Loss on extinguishment of debt 1 19
Other non-cash, net (17) 28
Non-cash unit-based compensation expense 13 9
Deferred income tax expense (benefit) 10 (6)
Inventory valuation adjustments (426) (21)
Loss on foreign currency exchange 114 0
Equity in earnings of unconsolidated affiliates (89) (63)
Distributions from unconsolidated affiliates 89 117
Net change in operating assets and liabilities, net of effects of acquisitions and divestitures 345 (296)
Net cash provided by operating activities 1,555 399
INVESTING ACTIVITIES:    
Capital expenditures (372) (261)
Contributions to unconsolidated affiliates (26) (40)
Distributions from unconsolidated affiliates in excess of cumulative earnings 37 47
Other 4 8
Net cash used in investing activities (698) (350)
FINANCING ACTIVITIES:    
Senior notes borrowings 1,200 1,000
Loan origination costs (15) (13)
Cash distributions to common unitholders, including incentive distributions (398) (322)
Cash distributions to Class D unitholders (99) 0
Payments of Ordinary Dividends, Preferred Stock and Preference Stock (59) 0
Net cash used in financing activities (975) (27)
Cash and cash equivalents, beginning of period 891 94
Cash and cash equivalents, end of period 773 116
Net change in cash and cash equivalents (118) 22
Senior Notes    
FINANCING ACTIVITIES:    
Senior notes repayments (1,604) (620)
GoZone Bonds    
FINANCING ACTIVITIES:    
Senior notes repayments 0 (75)
Credit Facility    
FINANCING ACTIVITIES:    
Credit Facility borrowings 1,896 1,536
Credit Facility repayments (1,896) (1,533)
Tanquid Acquisition    
INVESTING ACTIVITIES:    
Cash paid for other acquisitions (194) 0
Delta Acquisition    
INVESTING ACTIVITIES:    
Cash paid for other acquisitions (75) 0
Other Acquisitions    
INVESTING ACTIVITIES:    
Cash paid for other acquisitions $ (72) $ (104)
v3.26.1
Organization and Principles of Consolidation
 6 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Organization and Principles of Consolidation Organization and Principles of Consolidation
As used in this document, the terms “Partnership,” “Sunoco,” “we,” “us” or “our” should be understood to refer to Sunoco LP and its consolidated subsidiaries, unless the context clearly indicates otherwise.
We are a Texas master limited partnership. We are managed by our General Partner, which is owned by Energy Transfer. As of June 30, 2026, Energy Transfer and its subsidiaries owned 100% of the membership interest in our General Partner, 28,463,967 of our common units and all of our IDRs. In addition, Energy Transfer controls SunocoCorp, which owns all of the outstanding Class D Units and currently holds the rights to appoint and remove members of our General Partner.
We are primarily engaged in energy infrastructure and distribution of motor fuels across 33 countries and territories in North America, the Greater Caribbean and Europe. Our midstream operations include an extensive network of approximately 14,000 miles of pipeline and over 170 terminals. Our fuel distribution operations distribute over 15 billion gallons annually to approximately 11,000 Sunoco and partner branded locations, as well as independent dealers and commercial customers.
The consolidated financial statements include Sunoco LP, a publicly traded Texas limited partnership, and its wholly owned subsidiaries. In the opinion of the Partnership’s management, such financial information reflects all adjustments necessary for a fair presentation of the financial position and the results of operations for such interim periods in accordance with GAAP. All significant intercompany accounts and transactions have been eliminated in consolidation.
The operations of certain pipelines and terminals in which we own an undivided interest are proportionately consolidated in the accompanying consolidated financial statements.
v3.26.1
Summary of Significant Accounting Policies
 6 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]  
Significant Accounting Policies [Text Block] Summary of Significant Accounting Policies
Interim Financial Statements
The accompanying interim consolidated financial statements have been prepared in accordance with GAAP. Pursuant to Regulation S-X, certain information and disclosures normally included in the annual consolidated financial statements have been condensed or omitted. The interim consolidated financial statements and notes included herein should be read in conjunction with the consolidated financial statements and notes included in our Annual Report on Form 10-K for the year ended December 31, 2025 filed with the SEC on February 19, 2026.
Significant Accounting Policies
As of June 30, 2026, there have been no changes in the Partnership's significant accounting policies from those described in our Annual Report on Form 10-K for the year ended December 31, 2025 filed with the SEC on February 19, 2026.
Motor Fuel and Sales Taxes
Certain motor fuel and sales taxes are collected from customers and remitted to governmental agencies either directly by the Partnership or through suppliers. The Partnership’s accounting policy for wholesale direct sales to dealers, distributors and commercial customers is to exclude the collected motor fuel tax from sales and cost of sales.
For retail locations where the Partnership holds inventory, including commission agent locations, motor fuel sales and motor fuel cost of sales include motor fuel taxes. Such amounts were $84 million and $35 million for the three months ended June 30, 2026 and 2025, respectively, and $269 million and $64 million for the six months ended June 30, 2026 and 2025, respectively. Merchandise sales and cost of merchandise sales are reported net of sales tax in our consolidated statements of operations.
Recent Accounting Pronouncements
In November 2024, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2024-03, Income Statement–Reporting Comprehensive Income–Expense Disaggregation Disclosures (Subtopic 220-40). ASU 2024-03 requires disclosure of specified information about certain costs and expenses in the notes to the consolidated financial statements. ASU 2024-03 is effective for annual periods beginning after December 15, 2026, and interim periods within annual periods beginning after December 15, 2027, with early adoption permitted. ASU 2024-03 is to be applied on a prospective basis, with retrospective application permitted. We are currently evaluating the impact, if any, of ASU 2024-03 on our consolidated financial statements and related disclosures.
v3.26.1
Acquisitions, Divestitures and Other Transactions
 6 Months Ended
Jun. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Mergers, Acquisitions and Dispositions Disclosures Acquisitions
TanQuid Acquisition
On January 16, 2026, the Partnership completed the acquisition of TanQuid for €206 million ($239 million) and assumed debt with a fair value of €298 million ($346 million). TanQuid owns and operates 15 fuel terminals in Germany and one fuel terminal in Poland. The transaction was funded using cash on hand and amounts available under the Partnership's Credit Facility.
The acquisition was recorded using the acquisition method of accounting which requires, among other things, that assets and liabilities assumed be recognized on the balance sheet at their estimated fair values as of the date of acquisition, with any excess purchase price over the fair value of net assets acquired recorded to goodwill. Management, with the assistance of a third-party valuation specialist, determined the fair value of assets and liabilities as of the date of the acquisition. Determining the fair value involves the use of management's judgment as well as the use of significant estimates and assumptions.
As of the date these financial statements were issued, management and the third-party valuation specialist continue to evaluate certain assumptions, which could result in a change to the allocation of the fair value among reporting units or between line items on the consolidated balance sheet, potentially impacting deferred tax balances and/or goodwill.
The following table summarizes the preliminary allocation of the purchase price among assets acquired and liabilities assumed.
As of January 16, 2026
Total current assets$65 
Property, plant and equipment639 
Operating lease right-of-use assets, net59 
Other non-current assets1 
Total assets764 
Total current liabilities9 
Long-term debt346 
Operating lease non-current liabilities66 
Deferred tax liabilities62 
Other non-current liabilities42 
Total liabilities525 
Total consideration239 
Cash acquired45 
Total consideration, net of cash acquired$194 
Delta Acquisition
On April 1, 2026, the Partnership completed the acquisition of Delta for approximately $81 million, excluding cash acquired and net working capital. The purchase price was allocated $36 million to property, plant and equipment, net, $15 million to intangible assets, and $24 million to goodwill. Delta owns and operates terminals and fuel distribution assets across five Caribbean markets. The transaction was funded using cash on hand and amounts available under the Partnership's Credit Facility.
Other Acquisitions
In the first and second quarters of 2026, the Partnership completed other acquisitions for total cash consideration of approximately $50 million and $22 million, respectively, plus working capital. These transactions were accounted for as asset acquisitions.
On August 5, 2026, the Partnership entered into a definitive agreement to acquire a U.S.-based fuel distribution network in an all-cash transaction valued at approximately $600 million. The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions.
v3.26.1
Cash and Cash Equivalents
 6 Months Ended
Jun. 30, 2026
Cash and Cash Equivalents [Abstract]  
Cash and Cash Equivalents Disclosure Cash and Cash Equivalents
Cash and cash equivalents include cash on hand, demand deposits and short-term investments with original maturities of three months or less.
The net change in operating assets and liabilities, net of effects of acquisitions and divestitures, included in the reconciliation of net income to net cash provided by operating activities is comprised as follows:
Six Months Ended June 30,
20262025
Accounts receivable, net$(1,346)$125 
Accounts receivable from affiliates(66)— 
Inventories, net411 (90)
Other assets259 (41)
Accounts payable1,056 (328)
Accounts payable to affiliates165 19 
Accrued expenses and other current liabilities118 (9)
Other non-current liabilities(252)28 
$345 $(296)
Non-cash investing and financing activities and supplemental cash flow information:
Six Months Ended June 30,
20262025
Units issued in connection with acquisitions$— $18 
Lease assets obtained in exchange for new lease liabilities143 35 
Interest paid384 231 
v3.26.1
Accounts Receivable, net
 6 Months Ended
Jun. 30, 2026
Accounts Receivable, after Allowance for Credit Loss [Abstract]  
Accounts Receivable, net Accounts Receivable, net
Accounts receivable, net, consisted of the following:
June 30,
2026		December 31,
2025
Accounts receivable, trade$2,606 $1,686 
Credit card receivables51 42 
Other receivables672 286 
Allowance for expected credit losses(45)(42)
Accounts receivable, net$3,284 $1,972 
v3.26.1
Inventories, net
 6 Months Ended
Jun. 30, 2026
Inventory Disclosure [Abstract]  
Inventories, net Inventories, net 
Fuel inventories included balances stated at the lower of cost or market using the LIFO method, except for certain fuel inventories in the Caribbean, as discussed below. As of June 30, 2026 and December 31, 2025, the Partnership’s fuel inventory balance included lower of cost or market reserves of $19 million and $472 million, respectively. For the three months ended June 30, 2026 and 2025, the Partnership's cost of sales included unfavorable inventory valuation adjustments of $18 million and $40 million, respectively, which decreased net income. For the six months ended June 30, 2026 and 2025, the Partnership’s cost of sales included favorable inventory valuation adjustments of $426 million and $21 million, respectively, which increased net income.
Inventories, net, consisted of the following:
June 30,
2026		December 31,
2025
Fuel$2,186 $2,178 
Other204 205 
Inventories, net$2,390 $2,383 
During the three months ended March 31, 2026, the Partnership reduced its overall fuel inventories, resulting in a LIFO liquidation. Based on the assumed impact to cost of sales if the liquidated inventories had been replaced, the effect of the LIFO liquidation was an increase of $102 million to pre-tax income, or $0.54 per common unit (excluding any income tax impact or any assumed changes to distributions) for the six months ended June 30, 2026, with no impact to the three months ended June 30, 2026. Interim LIFO calculations are based on management’s estimates of expected year-end inventory levels and costs;
consequently, these interim estimates are subject to changes during the remainder of the year that could impact the final year-end inventory levels or valuation.
v3.26.1
Investment in Unconsolidated Affiliates
 6 Months Ended
Jun. 30, 2026
Equity Method Investments and Joint Ventures [Abstract]  
Investments in and Advances to Affiliates, Schedule of Investments Investments in Unconsolidated Affiliates
Description of Investments
The following is a summary of the Partnership’s significant unconsolidated investments:
J.C. Nolan
Sunoco owns a 50% interest in J.C. Nolan, which provides diesel fuel storage in Midland, Texas with storage capacity of 130,000 barrels and transports diesel fuel from a tank farm in Hebert, Texas to Midland, Texas on a 500-mile pipeline with a throughput capacity of approximately 36 thousand barrels per day.
ET-S Permian
Sunoco owns a 32.5% interest in ET-S Permian, which operates more than 5,000 miles of crude oil and water gathering pipelines with crude oil storage capacity in excess of 11 million barrels.
SARA
Sunoco owns a 29% interest in SARA, which is a refinery based in Martinique with operations to sell refined crude oil in Guadeloupe, French Guiana and Martinique.
Isla
Sunoco owns a 50% interest in Isla, which is comprised of over 200 retail locations alongside an integrated commercial and aviation business in the Dominican Republic.
Summary of Balances Related to Unconsolidated Affiliates
The carrying values of the Partnership’s investments in unconsolidated affiliates as of June 30, 2026 and December 31, 2025 were as follows:
June 30,
2026		December 31,
2025
J.C. Nolan$117 $121 
ET-S Permian1,151 1,161 
SARA132 141 
Isla179 171 
Other31 30 
$1,610 $1,624 
The following table presents equity in earnings (losses) of unconsolidated affiliates:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
J.C. Nolan$1 $1 $3 $3 
ET-S Permian42 30 79 60 
SARA2 — 3 — 
Isla2 — 5 — 
Other— — (1)— 
$47 $31 $89 $63 
The following tables present selected balance sheet and income statement data for ET-S Permian (on a 100% basis):
June 30,
2026		December 31,
2025
Current assets
$134 $122 
Property, plant and equipment, net3,335 3,333 
Other assets356 308 
Total assets$3,825 $3,763 
Current liabilities$247 $159 
Non-current liabilities36 31 
Equity3,542 3,573 
Total liabilities and equity$3,825 $3,763 
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Revenues (1)
$9,051 $5,632 $16,189 $9,092 
Operating income131 97 245 189 
Net income130 93 244 185 
(1)    Includes transactions with affiliates of $8.96 billion and $5.55 billion for the three months ended June 30, 2026 and 2025, respectively, and $16.00 billion and $8.90 billion for the six months ended
v3.26.1
Accrued Expenses and Other Current Liabilities
 6 Months Ended
Jun. 30, 2026
Accrued Expenses And Other Current Liabilities [Abstract]  
Accrued Expenses and Other Current Liabilities Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following:
June 30,
2026		December 31,
2025
Wage and other employee-related accrued expenses$66 $92 
Accrued tax expense157 187 
Accrued insurance expense23 37 
Accrued interest expense195 183 
Dealer deposits22 21 
Accrued capital expenditures27 46 
Accrued environmental expense32 10 
Contract liabilities107 102 
Other433 275 
Total$1,062 $953 
v3.26.1
Debt Obligations
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Long-Term Debt Debt Obligations
Our debt obligations consisted of the following:
June 30,
2026		December 31,
2025
Credit Facility$— $— 
6.000% senior notes due 2026 (1)
— 500 
3.875% CAD senior notes due 2026 (1)
— 400 
Parkland 3.875% CAD senior notes due 2026 (1)
— 37 
6.000% senior notes due 2027 (1)
— 600 
5.625% senior notes due 2027 (2)
550 550 
5.875% senior notes due 2027
499 499 
Parkland 5.875% senior notes due 2027 (1)
— 1 
5.875% senior notes due 2028
400 400 
7.000% senior notes due 2028
500 500 
6.000% CAD senior notes due 2028
268 277 
Parkland 6.000% CAD senior notes due 2028 (1)
— 14 
4.500% senior notes due 2029
800 800 
7.000% senior notes due 2029
750 750 
4.375% CAD senior notes due 2029
384 397 
Parkland 4.375% CAD senior notes due 2029 (1)
— 40 
4.500% senior notes due 2029
790 790 
Parkland 4.500% senior notes due 2029 (1)
— 10 
4.500% senior notes due 2030
800 800 
6.375% senior notes due 2030
600 600 
4.625% senior notes due 2030
798 798 
Parkland 4.625% senior notes due 2030 (1)
— 2 
5.625% senior notes due 2031
1,000 1,000 
5.375% senior notes due 2031
600 — 
7.250% senior notes due 2032
750 750 
6.625% senior notes due 2032
493 493 
Parkland 6.625% senior notes due 2032 (1)
— 7 
6.250% senior notes due 2033
1,000 1,000 
5.875% senior notes due 2034
900 900 
5.625% senior notes due 2034
600 — 
GoZone Bonds322 322 
Lease-related financing obligations and other subsidiary debt596 233 
Net unamortized premiums, discounts and fair value adjustments— 2 
Deferred debt issuance costs(86)(83)
Total debt13,314 13,389 
Less: current maturities6 17 
Total long-term debt, net$13,308 $13,372 
(1)    These senior notes were redeemed during the six months ended June 30, 2026. See additional information under “Recent Transactions.”
(2)     As of June 30, 2026, $550 million aggregate principal amount of senior notes due before June 30, 2027 were classified as long-term as management has the intent and ability to refinance the borrowings on a long-term basis.
Recent Transactions
In March 2026, the Partnership issued $600 million aggregate principal amount of 5.375% senior notes due 2031 and $600 million aggregate principal amount of 5.625% senior notes due 2034. These notes will mature on July 15, 2031 and July 15, 2034, respectively, and interest is payable semi-annually on January 15 and July 15 of each year, commencing on July 15, 2026. The Partnership used a portion of the net proceeds from this private offering to redeem in full its $500 million aggregate principal amount of 6.000% senior notes due 2026 and its $600 million aggregate principal amount of 6.000% senior notes due 2027.
In March 2026, the Partnership redeemed Parkland's remaining senior notes.
In June 2026, the Partnership redeemed all of its outstanding 3.875% CAD senior notes due 2026.
GoZone Bonds
NuStar Logistics' obligations include revenue bonds issued by the Parish of St. James, Louisiana pursuant to the Gulf Opportunity Zone Act of 2005 (the “GoZone Bonds”).
As reflected in the table below, the holders of the Series 2008, Series 2010B and Series 2011 GoZone Bonds are required to tender their bonds at the applicable mandatory purchase date in exchange for 100% of the principal plus accrued and unpaid interest, after which these bonds may be remarketed with a new interest rate established. Each of the Series 2010 and Series 2010A GoZone Bonds is subject to redemption on or after June 1, 2030 by the Parish of St. James, at Sunoco's option, in whole or in part, at a redemption price of 100% of the principal amount to be redeemed plus accrued and unpaid interest. Interest on the GoZone Bonds is payable semi-annually on June 1 and December 1 of each year.
The following table summarizes the GoZone Bonds outstanding as of June 30, 2026:
SeriesDate IssuedAmount OutstandingInterest RateMandatory Purchase DateOptional Redemption DateMaturity Date
Series 2008June 26, 2008$56 6.10 %June 1, 2030n/aJune 1, 2038
Series 2010July 15, 2010100 6.35 %n/aJune 1, 2030July 1, 2040
Series 2010AOctober 7, 201043 6.35 %n/aJune 1, 2030October 1, 2040
Series 2010BDecember 29, 201048 6.10 %June 1, 2030n/aDecember 1, 2040
Series 2011October 1, 202575 3.70 %June 1, 2030n/aAugust 1, 2041
NuStar Logistics’ agreements with the Parish of St. James related to the GoZone Bonds contain: (i) customary restrictive covenants that limit the ability of NuStar Logistics and its subsidiaries to, among other things, create liens, enter into certain sale leaseback transactions, and engage in certain consolidations, mergers or asset sales; and (ii) a repurchase provision which provides that if Sunoco undergoes a change of control that is followed by a ratings decline that occurs within 60 days of the change of control, then each holder may require the trustee, with funds provided by NuStar Logistics, to repurchase all or a portion of that holder’s GoZone Bonds at a price equal to 101% of the aggregate principal amount repurchased, plus any accrued and unpaid interest. The Partnership and certain of its subsidiaries are guarantors to the agreements related to the GoZone Bonds.
Credit Facility
The Partnership's $2.50 billion Credit Facility matures on June 17, 2030, which date may be extended in accordance with the terms of the Credit Facility. The Credit Facility can be increased from time to time upon Sunoco's written request, subject to certain conditions, up to an aggregate amount of $3.50 billion. As of June 30, 2026, we had no outstanding borrowings on the Credit Facility, and $183 million in standby letters of credit were outstanding. The unused availability on the Credit Facility as of June 30, 2026 was $2.32 billion. The weighted average interest rate on the total amount outstanding as of June 30, 2026 was 5.46%. The Partnership was in compliance with all financial covenants as of June 30, 2026. The Partnership's net leverage ratio was 3.7 to 1.00 at June 30, 2026.
Receivables Financing Agreement
Upon the closing of the NuStar Acquisition, the commitments under NuStar’s receivables financing agreement were reduced to zero during a suspension period, for which the period end has not been determined. As of June 30, 2026, this facility had no outstanding borrowings.
Fair Value of Debt
The aggregate estimated fair value and carrying amount of our consolidated debt obligations as of June 30, 2026 were $13.36 billion and $13.31 billion, respectively. As of December 31, 2025, the aggregate fair value and carrying amount of our consolidated debt obligations were $13.52 billion and $13.39 billion, respectively. The fair value of our consolidated debt obligations is a Level 2 valuation based on the respective debt obligations' observable inputs for similar liabilities.
v3.26.1
Other Noncurrent Liabilities (Notes)
 6 Months Ended
Jun. 30, 2026
Other Liabilities Disclosure [Abstract]  
Other Liabilities Disclosure [Text Block] Other Non-Current Liabilities
Other non-current liabilities consisted of the following:
June 30,
2026		December 31,
2025
Asset retirement obligations$208 $254 
Accrued environmental expense, long-term192 158 
Other128 100 
Total$528 $512 
v3.26.1
Related-Party Transactions
 6 Months Ended
Jun. 30, 2026
Related Party Transactions [Abstract]  
Related-Party Transactions Related Party Transactions
We are party to fee-based commercial agreements with various affiliates for pipeline, terminalling and storage services. We also have agreements with subsidiaries of Energy Transfer and our unconsolidated affiliates for the purchase and sale of fuel. Additionally, under our Partnership Agreement, our General Partner does not receive a management fee or other compensation for its role as our general partner. However, our General Partner is reimbursed for all expenses incurred on our behalf. These expenses include shared service fees, as well as all other expenses necessary or appropriate to the conduct of our business that are allocable to us, as provided for in our Partnership Agreement. There is no cap on the amount that may be paid or reimbursed to our General Partner.
Summary of Related Party Transactions
Related party transactions for the three and six months ended June 30, 2026 and 2025 were as follows:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Motor fuel sales to affiliates$253 $5 $486 $7 
Bulk fuel purchases from affiliates551 323 986 617 
Expense reimbursement12 10 24 21 
v3.26.1
Revenue (Notes)
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer [Text Block] Revenue
The following table depicts the disaggregation of revenue:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Fuel$13,387 $4,991 $23,262 $9,798 
Non-fuel309 75 596 142 
Lease income43 30 82 59 
Pipeline throughput186 163 362 321 
Terminal throughput42 31 81 58 
Refinery135 — 281 — 
Other157 100 285 191 
Total revenues$14,259 $5,390 $24,949 $10,569 
Contract Balances with Customers
The balances of the Partnership’s contract assets and contract liabilities as of June 30, 2026 and December 31, 2025 were as follows:
June 30,
2026		December 31, 2025
Contract assets$607 $480 
Accounts receivable from contracts with customers2,612 1,686 
Contract liabilities136 125 
The following tables summarize the consolidated activity of our contract liabilities:
Contract Liabilities
Balance, December 31, 2025$125 
Additions51 
Revenue recognized(40)
Balance, June 30, 2026$136 
Contract Liabilities
Balance, December 31, 2024$39 
Additions10 
Revenue recognized(16)
Balance, June 30, 2025$33 
Remaining Performance Obligations
The following table presents our estimated revenues from contracts with customers for remaining performance obligations that have not yet been recognized, representing our contractually committed revenue as of June 30, 2026:
Remaining Performance Obligations
2026(remaining)$241 
2027338 
2028238 
2029170 
2030144 
Thereafter288 
Total$1,419 
Our contractually committed revenue, for purposes of the tabular presentation above, is generally limited to customer contracts that have fixed pricing and fixed volume terms and conditions, including contracts with payment obligations for minimum volume commitments.
Costs to Obtain or Fulfill a Contract
The Partnership recognized amortization on capitalized costs incurred to obtain contracts of $17 million and $10 million for the three months ended June 30, 2026 and 2025, respectively, and $34 million and $19 million for the six months ended June 30, 2026 and 2025, respectively.
v3.26.1
Commitments And Contingencies
 6 Months Ended
Jun. 30, 2026
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Litigation and Contingencies
We may, from time to time, be involved in litigation and claims arising out of our operations in the normal course of business. In the ordinary course of business, we are sometimes threatened with or named as a defendant in various lawsuits seeking actual and punitive damages for personal injury and property damage. We maintain liability insurance with insurers in amounts and with coverage and deductibles management believes are reasonable and prudent, and which are generally accepted in the industry. However, there can be no assurance that the levels of insurance protection currently in effect will continue to be available at reasonable prices or that such levels will remain adequate to protect us from material expenses related to personal injury or property damage in the future. In addition, various regulatory agencies such as tax authorities, environmental agencies, or other such agencies may perform audits or reviews to ensure proper compliance with regulations. We are not fully insured for any claims that may arise from these various agencies and there can be no assurance that any claims arising from these activities would not have an adverse, material effect on our consolidated financial statements.
Environmental Remediation
Sunoco is subject to various federal, state, provincial and local environmental laws and regulations and makes financial expenditures in order to comply with regulations governing its operations adopted by federal, state, provincial and local regulatory agencies. Pursuant to the Resource Conservation and Recovery Act of 1976 (“RCRA”), as amended, the United States Environmental Protection Agency has established a comprehensive regulatory program for the detection, prevention, investigation and cleanup of leaking underground storage tanks. State, provincial or local agencies are often delegated the responsibility for implementing the federal program or developing and implementing equivalent state or local regulations. Additionally, with respect to the Burnaby Refinery, the federal Storage Tank Systems for Petroleum Products and Allied Petroleum Products Regulations impose technical standards for design, installation, operation and removal of federally regulated tanks.
Federal and state regulations require us to provide and maintain evidence that we are taking financial responsibility for corrective action and compensating third parties in the event of a release from our underground storage tank systems, pipelines and terminals. In order to comply with these requirements, we have historically obtained private insurance in the states in which we operate. These policies provide protection from third-party liability claims. During 2026, our coverage was $15 million per occurrence and in the aggregate. Our sites continue to be covered by these policies.
We are currently involved in the investigation and remediation of contamination at motor fuel storage and gasoline store sites where releases of regulated substances have been detected. We accrue for anticipated future costs and the related probable state
reimbursement amounts for remediation activities. The table below reflects recorded estimated undiscounted liabilities for these sites which are classified as accrued expenses, other current liabilities and other non-current liabilities.
June 30,
2026		December 31,
2025
Current$32 $10 
Non-current192 158 
Total environmental liabilities$224 $168 
New York Motor Fuel Excise Tax Audit
New York State issued a motor fuel excise tax assessment to Sunoco, LLC, a wholly owned subsidiary of the Partnership, in the amount of approximately $20 million, exclusive of penalties and interest, for the periods of March 2017 through May 2020. Sunoco, LLC filed an appeal with the New York State Division of Tax Appeals challenging the assessment. Sunoco, LLC cannot predict the outcome of this matter at this time.
v3.26.1
Equity
 6 Months Ended
Jun. 30, 2026
Partners' Capital [Abstract]  
Partners' Capital Equity
As of June 30, 2026, Energy Transfer and its subsidiaries owned 28,463,967 of our common units and the public owned 108,431,934 of our common units. As of June 30, 2026, our wholly owned subsidiaries owned all of the 16,410,780 Class C units representing limited partner interests in the Partnership. In connection with the Parkland Acquisition, Sunoco issued to SunocoCorp 51,517,198 Class D Units which are economically equivalent to Sunoco's publicly traded common units (the “Class D Units”).
Sunoco Common Units
The change in our outstanding common units for the six months ended June 30, 2026 was as follows: 
Number of Units
Number of common units at December 31, 2025
136,866,854 
Phantom unit vesting29,047 
Number of common units at June 30, 2026
136,895,901 
Class C Units
As of June 30, 2026, the Partnership had outstanding an aggregate of 16,410,780 Class C Units, all of which are held by wholly owned subsidiaries of the Partnership.
Class C Units (i) are not convertible or exchangeable into Common Units or any other units of the Partnership and are non-redeemable; (ii) are entitled to receive distributions of available cash of the Partnership (other than available cash derived from or attributable to any distribution received by the Partnership from Sunoco Retail, the proceeds of any sale of the membership interests of Sunoco Retail, or any interest or principal payments received by the Partnership with respect to indebtedness of Sunoco Retail or its subsidiaries) at a fixed rate equal to $0.8682 per quarter for each Class C Unit outstanding; (iii) do not have the right to vote on any matter except as otherwise required by any non-waivable provision of law; (iv) are not allocated any items of income, gain, loss, deduction or credit attributable to the Partnership’s ownership of, or sale or other disposition of, the membership interests of Sunoco Retail, or the Partnership’s ownership of any indebtedness of Sunoco Retail or any of its subsidiaries (“Sunoco Retail Items”); (v) will be allocated gross income (other than from Sunoco Retail Items) in an amount equal to the cash distributed to the holders of Class C Units and (vi) will be allocated depreciation, amortization and cost recovery deductions as if the Class C Units were Common Units and 1% of certain allocations of net termination gain (other than from Sunoco Retail Items).
Pursuant to the terms described above, these distributions do not have an impact on the Partnership’s consolidated cash flows and as such, are excluded from total cash distributions and allocation of limited partners’ interest in net income.
Class D Units
As of June 30, 2026, the Partnership had outstanding an aggregate of 51,517,198 Class D Units, which were issued in connection with the Parkland Acquisition in October 2025 and are held by SunocoCorp.
Class D Units (i) except as required by law and in addition to the voting rights established in the Partnership Agreement, are entitled to vote; (ii) shall represent limited partnership interests and common unit interests in the Partnership and shall be economically equivalent to other Partnership common units and no distribution may be made in respect of the Partnership’s common units unless an equal distribution is simultaneously made on the Class D Units; and (iii) provide dividend equalization rights for the period beginning on October 31, 2025 and ending December 31, 2027 (the “Equalization Period”), the Partnership shall ensure that SunocoCorp shall have cash necessary and sufficient to pay distributions on each SunocoCorp common unit for
each quarter during the Equalization Period in an amount equal to 100% of the distributions paid by the Partnership on each Sunoco common unit during such quarter.
Preferred Units
In September 2025, the Partnership closed a private offering of 1.5 million of its 7.875% Series A Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Units (the “Series A Preferred Units”) at an offering price of $1,000 per unit. The Partnership received net proceeds of approximately $1.47 billion from the sale of the Series A Preferred Units after deducting the initial purchasers' discount and other estimated offering expenses. The Partnership used the net proceeds from this private offering (i) on the closing date of the Parkland Acquisition, to fund a portion of the cash consideration for the Parkland Acquisition, and (ii) prior to the closing date of the Parkland Acquisition, to temporarily reduce the borrowings outstanding under the Partnership's Credit Facility and to pay interest and fees in connection therewith.
Cash Distributions
Our Partnership Agreement sets forth the calculation used to determine the amount and priority of cash distributions that the common unitholders receive.
Cash distributions declared and/or paid with respect to Sunoco common units and Class D Units subsequent to December 31, 2025 were as follows:
Limited Partners
Period EndedRecord DatePayment DatePer Unit DistributionDistributions on Common UnitsDistributions on Class D UnitsDistribution to IDR Holders
December 31, 2025February 6, 2026February 19, 2026$0.9317 $128 $48 $60 
March 31, 2026May 8, 2026May 20, 20260.9899 136 51 71 
June 30, 2026August 7, 2026August 19, 20261.0023 137 52 74 
Cash distributions with respect to our Series A Preferred Units, which are paid semi-annually, were as follows:
Record DatePayment DateRate
March 2, 2026March 18, 2026$39.38 
Accumulated Other Comprehensive Loss
The following table presents the components of AOCI, net of tax:
June 30,
2026		December 31,
2025
Foreign currency translation adjustment$(45)$(6)
Total AOCI included in partners’ capital, net of tax$(45)$(6)
v3.26.1
Segment Reporting
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting [Text Block] Segment Reporting
Description of Segments
Our consolidated financial statements reflect four reportable segments: Fuel Distribution, Pipeline Systems, Terminals and Refinery.
Fuel Distribution. Our Fuel Distribution segment supplies fuel to customers that include independently operated dealer and distributor stations, commission agent operators, and commercial businesses. In addition, we supply our directly operated convenience retail facilities. Our Fuel Distribution segment also includes income from the Partnership’s properties that are leased, in addition to credit card services, franchise royalties and retail operations in North America and the Greater Caribbean.
Pipeline Systems. Our Pipeline Systems segment includes an integrated pipeline and terminal network comprised of approximately 6,000 miles of refined product pipeline (including the pipeline of J.C. Nolan), approximately 6,000 miles of crude oil pipeline (including the pipelines of ET-S Permian), approximately 2,000 miles of ammonia pipeline and 69 terminals.
Terminals. Our Terminals segment is composed of four transmix processing facilities and 102 refined product terminals (18 in Europe, six in Hawaii, nine in Canada, 20 in the Greater Caribbean and 49 in the continental United States).
Refinery. Our Refinery segment includes the Burnaby Refinery, which was acquired in the Parkland Acquisition, with an operational capacity of approximately 55,000 barrels per day. The refinery consumes primarily sweet conventional crude oil and sweet synthetic crude oil to produce gasoline, diesel and jet fuel among other products.
Segment Operating Results
We report Adjusted EBITDA by segment as a measure of segment performance. We define Adjusted EBITDA as net income before net interest expense, income tax expense, depreciation, amortization and accretion expense, non-cash compensation expense, gains and losses on disposal of asset, non-cash impairment charges, losses on extinguishment of debt, unrealized gains and losses on commodity derivatives, inventory valuation adjustments, certain foreign currency transaction gains and losses and certain other operating expenses reflected in net income that we do not believe are indicative of ongoing core operations. Inventory valuation adjustments that are excluded from the calculation of Adjusted EBITDA represent changes in lower of cost or market reserves on the Partnership's inventory; these amounts are unrealized valuation adjustments applied to fuel volumes remaining in inventory at the end of the period.
The following tables present financial information by segment for the three and six months ended June 30, 2026 and 2025:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Revenues:
Fuel Distribution
Revenues from external customers$13,739 $5,096 $23,940 $9,999 
Intersegment revenues686 9 904 22 
14,425 5,105 24,844 10,021 
Pipeline Systems
Revenues from external customers202 181 396 354 
Intersegment revenues5 1 9 2 
207 182 405 356 
Terminals
Revenues from external customers183 113 332 216 
Intersegment revenues388 230 673 466 
571 343 1,005 682 
Refinery
Revenues from external customers135 — 281 — 
Intersegment revenues858 — 1,364 — 
993 — 1,645 — 
Eliminations(1,937)(240)(2,950)(490)
Total$14,259 $5,390 $24,949 $10,569 
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Cost of sales:
Fuel Distribution$13,534 $4,843 $22,717 $9,398 
Pipeline Systems12 (1)26 (1)
Terminals371 219 580 440 
Refinery815 — 1,423 — 
Eliminations(1,937)(240)(2,950)(490)
Total$12,795 $4,821 $21,796 $9,347 
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Operating and lease expenses, excluding non-cash unit-based compensation:
Fuel Distribution$305 $74 $574 $146 
Pipeline Systems54 45 103 89 
Terminals75 43 138 85 
Refinery— — — — 
Total$434 $162 $815 $320 
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
General and administrative expenses, excluding non-cash unit-based compensation:
Fuel Distribution$122 $26 $244 $46 
Pipeline Systems14 11 26 20 
Terminals12 10 23 17 
Refinery7 — 13 — 
Total$155 $47 $306 $83 
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Other (1):
Fuel Distribution$(40)$(44)$276 $5 
Pipeline Systems(63)(50)(119)(101)
Terminals— — 44 3 
Refinery(4)— (9)— 
Total$(107)$(94)$192 $(93)
(1)    Other by segment includes Adjusted EBITDA from unconsolidated affiliates, unrealized gains and losses on commodity derivatives, inventory valuation adjustments and other less significant items, as applicable.
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Segment Adjusted EBITDA:
Fuel Distribution$504 $206 $1,033 $426 
Pipeline Systems190 177 369 349 
Terminals113 71 220 137 
Refinery175 — 218 — 
Total$982 $454 $1,840 $912 
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Reconciliation of net income to Adjusted EBITDA:
Net income$283 $86 $927 $293 
Depreciation, amortization and accretion282 154 568 310 
Interest expense, net204 123 405 244 
Non-cash unit-based compensation expense7 5 13 9 
(Gain) loss on disposal of assets and impairment charges3 (2)2 1 
Loss on extinguishment of debt— 17 1 19 
Unrealized (gains) losses on commodity derivatives(6)(7)50 (8)
Inventory valuation adjustments18 40 (426)(21)
Equity in earnings of unconsolidated affiliates(47)(31)(89)(63)
Adjusted EBITDA related to unconsolidated affiliates75 51 144 101 
Other non-cash adjustments84 11 131 22 
Income tax expense79 7 114 5 
Adjusted EBITDA (consolidated)$982 $454 $1,840 $912 
v3.26.1
Net Income per Common Unit
 6 Months Ended
Jun. 30, 2026
Net Income Per Unit [Abstract]  
Net Income per Unit Net Income per Common Unit
A reconciliation of the numerators and denominators of the basic and diluted per unit computations is as follows:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Net income$283 $86 $927 $293 
Less:
Incentive distribution rights
74 40 145 79 
Distributions on unvested phantom unit awards
2 1 4 3 
Preferred unitholders' interest in net income29 — 59 — 
Class D unitholder's interest in net income49 — 198 — 
Common unitholders’ interest in net income
$129 $45 $521 $211 
Weighted average common units outstanding:
Basic
136,895,211 136,432,676 136,892,005 136,350,550 
Dilutive effect of unvested phantom unit awards839,922 713,343 752,965 690,396 
Diluted
137,735,133 137,146,019 137,644,970 137,040,946 
Net income per common unit:
Basic
$0.94 $0.33 $3.81 $1.55 
Diluted
$0.94 $0.33 $3.79 $1.54 
v3.26.1
Derivative Instruments and Hedging Activities
 6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments and Hedging Activities Disclosure Derivatives
Our subsidiaries hold working inventories of refined petroleum products, renewable fuels, gasoline blendstocks and transmix in storage. While in storage, volatility in the market price of stored motor fuel could adversely impact the price at which we can later sell the motor fuel. However, we may use futures, forwards and other derivative instruments (collectively, “positions”) to hedge a variety of price risks relating to deviations in that inventory from a target base operating level established by management. Derivative instruments utilized consist primarily of exchange-traded futures contracts traded on the New York Mercantile Exchange, Chicago Mercantile Exchange and Intercontinental Exchange, as well as over-the-counter transactions (including swap agreements) entered into with established financial institutions and other credit-approved energy companies. While these derivative instruments represent economic hedges, they are not designated as hedges for accounting purposes. We may also engage in controlled trading in accordance with specific parameters set forth in a written risk management policy.
On a consolidated basis, the Partnership had derivative positions on 6.9 million barrels with an aggregate unrealized gain of $63 million at June 30, 2026.
The following table summarizes the location and amounts recognized in our consolidated statements of operations with respect to our derivative financial instruments:
Location of Gain (Loss) Recognized on Income on Derivatives
Amount of Gain (Loss) Recognized in Income on Derivatives
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Derivatives not designated as hedging instruments:
Commodity derivativesCost of sales$(85)$14 $3 $28 
Interest rate derivativesOther, net2 — 2 — 
Total$(83)$14 $5 $28 
The following table summarizes our interest rate swaps outstanding, none of which were designated as hedges for accounting purposes:
Notional Amount Outstanding
Term
Type (1)
June 30, 2026
December 2030 (2)
Pay an average fixed rate of 2.5095% and receive a floating rate
$126 
(1)Floating rates are based on EURIBOR.
(2)The December 2030 interest rate swap was acquired in conjunction with the Partnership's acquisition of TanQuid in 2026, with a notional amount of €111 million ($126 million).
v3.26.1
Insider Trading Arrangements
 3 Months Ended
Jun. 30, 2026
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.26.1
Organization and Principles of Consolidation Organization and Principles of Consolidation (Policies)
 6 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Consolidation, Policy
The consolidated financial statements include Sunoco LP, a publicly traded Texas limited partnership, and its wholly owned subsidiaries. In the opinion of the Partnership’s management, such financial information reflects all adjustments necessary for a fair presentation of the financial position and the results of operations for such interim periods in accordance with GAAP. All significant intercompany accounts and transactions have been eliminated in consolidation.
The operations of certain pipelines and terminals in which we own an undivided interest are proportionately consolidated in the accompanying consolidated financial statements.
v3.26.1
Summary of Significant Accounting Policies (Policies)
 6 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]  
Basis of Accounting, Policy [Policy Text Block]
Interim Financial Statements
The accompanying interim consolidated financial statements have been prepared in accordance with GAAP. Pursuant to Regulation S-X, certain information and disclosures normally included in the annual consolidated financial statements have been condensed or omitted. The interim consolidated financial statements and notes included herein should be read in conjunction with the consolidated financial statements and notes included in our Annual Report on Form 10-K for the year ended December 31, 2025 filed with the SEC on February 19, 2026.
Recently Issued Accounting Pronouncements
Recent Accounting Pronouncements
In November 2024, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2024-03, Income Statement–Reporting Comprehensive Income–Expense Disaggregation Disclosures (Subtopic 220-40). ASU 2024-03 requires disclosure of specified information about certain costs and expenses in the notes to the consolidated financial statements. ASU 2024-03 is effective for annual periods beginning after December 15, 2026, and interim periods within annual periods beginning after December 15, 2027, with early adoption permitted. ASU 2024-03 is to be applied on a prospective basis, with retrospective application permitted. We are currently evaluating the impact, if any, of ASU 2024-03 on our consolidated financial statements and related disclosures.
Motor Fuel and Sales Taxes
Motor Fuel and Sales Taxes
Certain motor fuel and sales taxes are collected from customers and remitted to governmental agencies either directly by the Partnership or through suppliers. The Partnership’s accounting policy for wholesale direct sales to dealers, distributors and commercial customers is to exclude the collected motor fuel tax from sales and cost of sales.
For retail locations where the Partnership holds inventory, including commission agent locations, motor fuel sales and motor fuel cost of sales include motor fuel taxes. Such amounts were $84 million and $35 million for the three months ended June 30, 2026 and 2025, respectively, and $269 million and $64 million for the six months ended June 30, 2026 and 2025, respectively. Merchandise sales and cost of merchandise sales are reported net of sales tax in our consolidated statements of operations.
v3.26.1
Inventory (Policies)
 6 Months Ended
Jun. 30, 2026
Inventory Disclosure [Abstract]  
Inventory, Policy
Fuel inventories included balances stated at the lower of cost or market using the LIFO method, except for certain fuel inventories in the Caribbean, as discussed below. As of June 30, 2026 and December 31, 2025, the Partnership’s fuel inventory balance included lower of cost or market reserves of $19 million and $472 million, respectively. For the three months ended June 30, 2026 and 2025, the Partnership's cost of sales included unfavorable inventory valuation adjustments of $18 million and $40 million, respectively, which decreased net income. For the six months ended June 30, 2026 and 2025, the Partnership’s cost of sales included favorable inventory valuation adjustments of $426 million and $21 million, respectively, which increased net income.
v3.26.1
Revenue from Contract with Customer (Policies)
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue
Costs to Obtain or Fulfill a Contract
The Partnership recognized amortization on capitalized costs incurred to obtain contracts of $17 million and $10 million for the three months ended June 30, 2026 and 2025, respectively, and $34 million and $19 million for the six months ended June 30, 2026 and 2025, respectively.
v3.26.1
Acquisitions, Divestitures and Other Transactions (Tables)
 6 Months Ended
Jun. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Business Combination, Recognized Asset Acquired and Liability Assumed
The following table summarizes the preliminary allocation of the purchase price among assets acquired and liabilities assumed.
As of January 16, 2026
Total current assets$65 
Property, plant and equipment639 
Operating lease right-of-use assets, net59 
Other non-current assets1 
Total assets764 
Total current liabilities9 
Long-term debt346 
Operating lease non-current liabilities66 
Deferred tax liabilities62 
Other non-current liabilities42 
Total liabilities525 
Total consideration239 
Cash acquired45 
Total consideration, net of cash acquired$194 
v3.26.1
Cash and Cash Equivalents (Tables)
 6 Months Ended
Jun. 30, 2026
Cash and Cash Equivalents [Abstract]  
Cash Flow, Operating Capital
The net change in operating assets and liabilities, net of effects of acquisitions and divestitures, included in the reconciliation of net income to net cash provided by operating activities is comprised as follows:
Six Months Ended June 30,
20262025
Accounts receivable, net$(1,346)$125 
Accounts receivable from affiliates(66)— 
Inventories, net411 (90)
Other assets259 (41)
Accounts payable1,056 (328)
Accounts payable to affiliates165 19 
Accrued expenses and other current liabilities118 (9)
Other non-current liabilities(252)28 
$345 $(296)
Schedule of Cash Flow, Supplemental Disclosures
Non-cash investing and financing activities and supplemental cash flow information:
Six Months Ended June 30,
20262025
Units issued in connection with acquisitions$— $18 
Lease assets obtained in exchange for new lease liabilities143 35 
Interest paid384 231 
v3.26.1
Accounts Receivable, net (Tables)
 6 Months Ended
Jun. 30, 2026
Accounts Receivable, after Allowance for Credit Loss [Abstract]  
Schedule of Accounts Receivable
Accounts receivable, net, consisted of the following:
June 30,
2026		December 31,
2025
Accounts receivable, trade$2,606 $1,686 
Credit card receivables51 42 
Other receivables672 286 
Allowance for expected credit losses(45)(42)
Accounts receivable, net$3,284 $1,972 
v3.26.1
Inventories, net (Tables)
 6 Months Ended
Jun. 30, 2026
Inventory Disclosure [Abstract]  
Schedule of Inventories
Inventories, net, consisted of the following:
June 30,
2026		December 31,
2025
Fuel$2,186 $2,178 
Other204 205 
Inventories, net$2,390 $2,383 
v3.26.1
Investment in Unconsolidated Affiliates (Tables)
 6 Months Ended
Jun. 30, 2026
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Investments in and Advances to Affiliates, Schedule of Investments
Summary of Balances Related to Unconsolidated Affiliates
The carrying values of the Partnership’s investments in unconsolidated affiliates as of June 30, 2026 and December 31, 2025 were as follows:
June 30,
2026		December 31,
2025
J.C. Nolan$117 $121 
ET-S Permian1,151 1,161 
SARA132 141 
Isla179 171 
Other31 30 
$1,610 $1,624 
The following table presents equity in earnings (losses) of unconsolidated affiliates:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
J.C. Nolan$1 $1 $3 $3 
ET-S Permian42 30 79 60 
SARA2 — 3 — 
Isla2 — 5 — 
Other— — (1)— 
$47 $31 $89 $63 
The following tables present selected balance sheet and income statement data for ET-S Permian (on a 100% basis):
June 30,
2026		December 31,
2025
Current assets
$134 $122 
Property, plant and equipment, net3,335 3,333 
Other assets356 308 
Total assets$3,825 $3,763 
Current liabilities$247 $159 
Non-current liabilities36 31 
Equity3,542 3,573 
Total liabilities and equity$3,825 $3,763 
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Revenues (1)
$9,051 $5,632 $16,189 $9,092 
Operating income131 97 245 189 
Net income130 93 244 185 
(1)    Includes transactions with affiliates of $8.96 billion and $5.55 billion for the three months ended June 30, 2026 and 2025, respectively, and $16.00 billion and $8.90 billion for the six months ended
v3.26.1
Accrued Expenses and Other Current Liabilities (Tables)
 6 Months Ended
Jun. 30, 2026
Accrued Expenses And Other Current Liabilities [Abstract]  
Schedule of Accrued Liabilities
Accrued expenses and other current liabilities consisted of the following:
June 30,
2026		December 31,
2025
Wage and other employee-related accrued expenses$66 $92 
Accrued tax expense157 187 
Accrued insurance expense23 37 
Accrued interest expense195 183 
Dealer deposits22 21 
Accrued capital expenditures27 46 
Accrued environmental expense32 10 
Contract liabilities107 102 
Other433 275 
Total$1,062 $953 
v3.26.1
Debt Obligations (Tables)
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
Our debt obligations consisted of the following:
June 30,
2026		December 31,
2025
Credit Facility$— $— 
6.000% senior notes due 2026 (1)
— 500 
3.875% CAD senior notes due 2026 (1)
— 400 
Parkland 3.875% CAD senior notes due 2026 (1)
— 37 
6.000% senior notes due 2027 (1)
— 600 
5.625% senior notes due 2027 (2)
550 550 
5.875% senior notes due 2027
499 499 
Parkland 5.875% senior notes due 2027 (1)
— 1 
5.875% senior notes due 2028
400 400 
7.000% senior notes due 2028
500 500 
6.000% CAD senior notes due 2028
268 277 
Parkland 6.000% CAD senior notes due 2028 (1)
— 14 
4.500% senior notes due 2029
800 800 
7.000% senior notes due 2029
750 750 
4.375% CAD senior notes due 2029
384 397 
Parkland 4.375% CAD senior notes due 2029 (1)
— 40 
4.500% senior notes due 2029
790 790 
Parkland 4.500% senior notes due 2029 (1)
— 10 
4.500% senior notes due 2030
800 800 
6.375% senior notes due 2030
600 600 
4.625% senior notes due 2030
798 798 
Parkland 4.625% senior notes due 2030 (1)
— 2 
5.625% senior notes due 2031
1,000 1,000 
5.375% senior notes due 2031
600 — 
7.250% senior notes due 2032
750 750 
6.625% senior notes due 2032
493 493 
Parkland 6.625% senior notes due 2032 (1)
— 7 
6.250% senior notes due 2033
1,000 1,000 
5.875% senior notes due 2034
900 900 
5.625% senior notes due 2034
600 — 
GoZone Bonds322 322 
Lease-related financing obligations and other subsidiary debt596 233 
Net unamortized premiums, discounts and fair value adjustments— 2 
Deferred debt issuance costs(86)(83)
Total debt13,314 13,389 
Less: current maturities6 17 
Total long-term debt, net$13,308 $13,372 
(1)    These senior notes were redeemed during the six months ended June 30, 2026. See additional information under “Recent Transactions.”
(2)     As of June 30, 2026, $550 million aggregate principal amount of senior notes due before June 30, 2027 were classified as long-term as management has the intent and ability to refinance the borrowings on a long-term basis.
Schedule of Debt Conversions
The following table summarizes the GoZone Bonds outstanding as of June 30, 2026:
SeriesDate IssuedAmount OutstandingInterest RateMandatory Purchase DateOptional Redemption DateMaturity Date
Series 2008June 26, 2008$56 6.10 %June 1, 2030n/aJune 1, 2038
Series 2010July 15, 2010100 6.35 %n/aJune 1, 2030July 1, 2040
Series 2010AOctober 7, 201043 6.35 %n/aJune 1, 2030October 1, 2040
Series 2010BDecember 29, 201048 6.10 %June 1, 2030n/aDecember 1, 2040
Series 2011October 1, 202575 3.70 %June 1, 2030n/aAugust 1, 2041
v3.26.1
Other Noncurrent Liabilities (Tables)
 6 Months Ended
Jun. 30, 2026
Other Liabilities Disclosure [Abstract]  
Other Noncurrent Liabilities [Table Text Block]
Other non-current liabilities consisted of the following:
June 30,
2026		December 31,
2025
Asset retirement obligations$208 $254 
Accrued environmental expense, long-term192 158 
Other128 100 
Total$528 $512 
v3.26.1
Related-Party Transactions (Tables)
 6 Months Ended
Jun. 30, 2026
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions [Table Text Block]
Related party transactions for the three and six months ended June 30, 2026 and 2025 were as follows:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Motor fuel sales to affiliates$253 $5 $486 $7 
Bulk fuel purchases from affiliates551 323 986 617 
Expense reimbursement12 10 24 21 
v3.26.1
Revenue (Tables)
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue [Table Text Block]
The following table depicts the disaggregation of revenue:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Fuel$13,387 $4,991 $23,262 $9,798 
Non-fuel309 75 596 142 
Lease income43 30 82 59 
Pipeline throughput186 163 362 321 
Terminal throughput42 31 81 58 
Refinery135 — 281 — 
Other157 100 285 191 
Total revenues$14,259 $5,390 $24,949 $10,569 
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]
The balances of the Partnership’s contract assets and contract liabilities as of June 30, 2026 and December 31, 2025 were as follows:
June 30,
2026		December 31, 2025
Contract assets$607 $480 
Accounts receivable from contracts with customers2,612 1,686 
Contract liabilities136 125 
The following tables summarize the consolidated activity of our contract liabilities:
Contract Liabilities
Balance, December 31, 2025$125 
Additions51 
Revenue recognized(40)
Balance, June 30, 2026$136 
Contract Liabilities
Balance, December 31, 2024$39 
Additions10 
Revenue recognized(16)
Balance, June 30, 2025$33 
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
Remaining Performance Obligations
The following table presents our estimated revenues from contracts with customers for remaining performance obligations that have not yet been recognized, representing our contractually committed revenue as of June 30, 2026:
Remaining Performance Obligations
2026(remaining)$241 
2027338 
2028238 
2029170 
2030144 
Thereafter288 
Total$1,419 
Our contractually committed revenue, for purposes of the tabular presentation above, is generally limited to customer contracts that have fixed pricing and fixed volume terms and conditions, including contracts with payment obligations for minimum volume commitments.
Costs to Obtain or Fulfill a Contract
The Partnership recognized amortization on capitalized costs incurred to obtain contracts of $17 million and $10 million for the three months ended June 30, 2026 and 2025, respectively, and $34 million and $19 million for the six months ended June 30, 2026 and 2025, respectively.
v3.26.1
Commitments And Contingencies (Tables)
 6 Months Ended
Jun. 30, 2026
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Loss Contingencies by Contingency The table below reflects recorded estimated undiscounted liabilities for these sites which are classified as accrued expenses, other current liabilities and other non-current liabilities.
June 30,
2026		December 31,
2025
Current$32 $10 
Non-current192 158 
Total environmental liabilities$224 $168 
v3.26.1
Equity (Tables)
 6 Months Ended
Jun. 30, 2026
Partners' Capital [Abstract]  
Schedule of Common Units
The change in our outstanding common units for the six months ended June 30, 2026 was as follows: 
Number of Units
Number of common units at December 31, 2025
136,866,854 
Phantom unit vesting29,047 
Number of common units at June 30, 2026
136,895,901 
Distributions Made to Limited Partner, by Distribution
Cash distributions declared and/or paid with respect to Sunoco common units and Class D Units subsequent to December 31, 2025 were as follows:
Limited Partners
Period EndedRecord DatePayment DatePer Unit DistributionDistributions on Common UnitsDistributions on Class D UnitsDistribution to IDR Holders
December 31, 2025February 6, 2026February 19, 2026$0.9317 $128 $48 $60 
March 31, 2026May 8, 2026May 20, 20260.9899 136 51 71 
June 30, 2026August 7, 2026August 19, 20261.0023 137 52 74 
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table presents the components of AOCI, net of tax:
June 30,
2026		December 31,
2025
Foreign currency translation adjustment$(45)$(6)
Total AOCI included in partners’ capital, net of tax$(45)$(6)
Schedule of Preferred Units
Cash distributions with respect to our Series A Preferred Units, which are paid semi-annually, were as follows:
Record DatePayment DateRate
March 2, 2026March 18, 2026$39.38 
v3.26.1
Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting [Table Text Block]
The following tables present financial information by segment for the three and six months ended June 30, 2026 and 2025:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Revenues:
Fuel Distribution
Revenues from external customers$13,739 $5,096 $23,940 $9,999 
Intersegment revenues686 9 904 22 
14,425 5,105 24,844 10,021 
Pipeline Systems
Revenues from external customers202 181 396 354 
Intersegment revenues5 1 9 2 
207 182 405 356 
Terminals
Revenues from external customers183 113 332 216 
Intersegment revenues388 230 673 466 
571 343 1,005 682 
Refinery
Revenues from external customers135 — 281 — 
Intersegment revenues858 — 1,364 — 
993 — 1,645 — 
Eliminations(1,937)(240)(2,950)(490)
Total$14,259 $5,390 $24,949 $10,569 
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Cost of sales:
Fuel Distribution$13,534 $4,843 $22,717 $9,398 
Pipeline Systems12 (1)26 (1)
Terminals371 219 580 440 
Refinery815 — 1,423 — 
Eliminations(1,937)(240)(2,950)(490)
Total$12,795 $4,821 $21,796 $9,347 
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Operating and lease expenses, excluding non-cash unit-based compensation:
Fuel Distribution$305 $74 $574 $146 
Pipeline Systems54 45 103 89 
Terminals75 43 138 85 
Refinery— — — — 
Total$434 $162 $815 $320 
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
General and administrative expenses, excluding non-cash unit-based compensation:
Fuel Distribution$122 $26 $244 $46 
Pipeline Systems14 11 26 20 
Terminals12 10 23 17 
Refinery7 — 13 — 
Total$155 $47 $306 $83 
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Other (1):
Fuel Distribution$(40)$(44)$276 $5 
Pipeline Systems(63)(50)(119)(101)
Terminals— — 44 3 
Refinery(4)— (9)— 
Total$(107)$(94)$192 $(93)
(1)    Other by segment includes Adjusted EBITDA from unconsolidated affiliates, unrealized gains and losses on commodity derivatives, inventory valuation adjustments and other less significant items, as applicable.
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Segment Adjusted EBITDA:
Fuel Distribution$504 $206 $1,033 $426 
Pipeline Systems190 177 369 349 
Terminals113 71 220 137 
Refinery175 — 218 — 
Total$982 $454 $1,840 $912 
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Reconciliation of net income to Adjusted EBITDA:
Net income$283 $86 $927 $293 
Depreciation, amortization and accretion282 154 568 310 
Interest expense, net204 123 405 244 
Non-cash unit-based compensation expense7 5 13 9 
(Gain) loss on disposal of assets and impairment charges3 (2)2 1 
Loss on extinguishment of debt— 17 1 19 
Unrealized (gains) losses on commodity derivatives(6)(7)50 (8)
Inventory valuation adjustments18 40 (426)(21)
Equity in earnings of unconsolidated affiliates(47)(31)(89)(63)
Adjusted EBITDA related to unconsolidated affiliates75 51 144 101 
Other non-cash adjustments84 11 131 22 
Income tax expense79 7 114 5 
Adjusted EBITDA (consolidated)$982 $454 $1,840 $912 
v3.26.1
Net Income per Common Unit (Tables)
 6 Months Ended
Jun. 30, 2026
Net Income Per Unit [Abstract]  
Schedule of Net Income per Unit, Basic and Diluted
A reconciliation of the numerators and denominators of the basic and diluted per unit computations is as follows:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Net income$283 $86 $927 $293 
Less:
Incentive distribution rights
74 40 145 79 
Distributions on unvested phantom unit awards
2 1 4 3 
Preferred unitholders' interest in net income29 — 59 — 
Class D unitholder's interest in net income49 — 198 — 
Common unitholders’ interest in net income
$129 $45 $521 $211 
Weighted average common units outstanding:
Basic
136,895,211 136,432,676 136,892,005 136,350,550 
Dilutive effect of unvested phantom unit awards839,922 713,343 752,965 690,396 
Diluted
137,735,133 137,146,019 137,644,970 137,040,946 
Net income per common unit:
Basic
$0.94 $0.33 $3.81 $1.55 
Diluted
$0.94 $0.33 $3.79 $1.54 
v3.26.1
Derivative Instruments and Hedging Activities (Tables)
 6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivatives Not Designated as Hedging Instruments
The following table summarizes the location and amounts recognized in our consolidated statements of operations with respect to our derivative financial instruments:
Location of Gain (Loss) Recognized on Income on Derivatives
Amount of Gain (Loss) Recognized in Income on Derivatives
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Derivatives not designated as hedging instruments:
Commodity derivativesCost of sales$(85)$14 $3 $28 
Interest rate derivativesOther, net2 — 2 — 
Total$(83)$14 $5 $28 
The following table summarizes our interest rate swaps outstanding, none of which were designated as hedges for accounting purposes:
Notional Amount Outstanding
Term
Type (1)
June 30, 2026
December 2030 (2)
Pay an average fixed rate of 2.5095% and receive a floating rate
$126 
(1)Floating rates are based on EURIBOR.
(2)The December 2030 interest rate swap was acquired in conjunction with the Partnership's acquisition of TanQuid in 2026, with a notional amount of €111 million ($126 million).
v3.26.1
Organization and Principles of Consolidation - Additional Information (Details)
 6 Months Ended
Jun. 30, 2026
shares
Dec. 31, 2025
shares
Organization Consolidation And Presentation Of Financial Statements [Line Items]    
Number of States in which Entity Operates 33  
Number of branded locations 11,000  
Miles of pipeline 14,000  
Gallons distributed annually 15 billion  
Terminals    
Organization Consolidation And Presentation Of Financial Statements [Line Items]    
Number of terminals owned 170  
Energy Transfer    
Organization Consolidation And Presentation Of Financial Statements [Line Items]    
Subsidiary of Limited Liability Company or Limited Partnership, Managing Member or General Partner Energy Transfer and its subsidiaries owned 100% of the membership interest in our General Partner  
Common Units [Member]    
Organization Consolidation And Presentation Of Financial Statements [Line Items]    
Limited Partners' Capital Account, Units Outstanding 136,895,901 136,866,854
Energy Transfer | Common Units [Member]    
Organization Consolidation And Presentation Of Financial Statements [Line Items]    
Limited Partners' Capital Account, Units Outstanding 28,463,967  
v3.26.1
Summary of Significant Accounting Policies - Additional Information (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Product Information [Line Items]        
Revenues $ 14,259 $ 5,390 $ 24,949 $ 10,569
Motor fuel sales and sales include motor fuel taxes        
Product Information [Line Items]        
Revenues $ 84 $ 35 $ 269 $ 64
v3.26.1
Acquisitions, Divestitures and Other Transactions (Details)
€ in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Aug. 05, 2026
USD ($)
Apr. 01, 2026
USD ($)
site
Jan. 16, 2026
USD ($)
Jan. 16, 2026
EUR (€)
Jun. 30, 2026
USD ($)
Mar. 31, 2026
USD ($)
Jun. 30, 2025
USD ($)
Mar. 31, 2025
USD ($)
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
Jan. 16, 2026
EUR (€)
Dec. 31, 2025
USD ($)
Asset Acquisition [Line Items]                        
Units issued in acquisition             $ 13 $ 5        
Operating lease right-of-use assets, net         $ 1,496       $ 1,496     $ 1,449
Goodwill         3,064       3,064     $ 3,026
Common Unitholders                        
Asset Acquisition [Line Items]                        
Units issued in acquisition             $ 13 $ 5        
TanQuid                        
Asset Acquisition [Line Items]                        
Business Combination, Consideration Transferred     $ 194                  
Business Combination, Recognized Liability Assumed, Long-Term Debt, Noncurrent     346               € 298  
Business Combination, Recognized Asset Acquired, Asset, Current     65                  
Business Combination, Recognized Asset Acquired, Property, Plant, and Equipment     639                  
Operating lease right-of-use assets, net     59                  
Business Combination, Recognized Asset Acquired, Other Asset, Noncurrent     1                  
Business Combination, Recognized Asset Acquired, Asset     764                  
Business Combination, Recognized Liability Assumed, Liability, Current     9                  
Business Combination, Recognized Liability Assumed, Lease Obligation     66                  
Business Combination, Recognized Liability Assumed, Deferred Tax Liability     62                  
Business Combination, Recognized Liability Assumed, Liability, Noncurrent     42                  
Business Combination, Recognized Liability Assumed, Liability     525                  
Business Combination, Recognized Asset Acquired to Liability Assumed, Excess (Less), and Goodwill     239                  
Business Combination, Recognized Asset Acquired, Cash and Cash Equivalent     45                  
Payments to Acquire Businesses, Gross     239 € 206                
TanQuid | Fair Value of debt assumed                        
Asset Acquisition [Line Items]                        
Business Combination, Recognized Liability Assumed, Long-Term Debt, Noncurrent     $ 346                  
TanQuid | GERMANY                        
Asset Acquisition [Line Items]                        
Number of fuel terminals     15 15                
TanQuid | POLAND                        
Asset Acquisition [Line Items]                        
Number of fuel terminals     one one                
Other Acquisitions                        
Asset Acquisition [Line Items]                        
Payments to Acquire Businesses, Gross         $ 22 $ 50            
Payments to Acquire Businesses, Net of Cash Acquired                 72 $ 104    
Delta Acquisition                        
Asset Acquisition [Line Items]                        
Business Combination, Recognized Asset Acquired, Property, Plant, and Equipment   $ 36                    
Payments to Acquire Businesses, Net of Cash Acquired   81             $ 75 $ 0    
Business Combination, Recognized Asset Acquired, Identifiable Intangible Asset, Excluding Goodwill   15                    
Goodwill   $ 24                    
Delta Acquisition | Caribbean [Member]                        
Asset Acquisition [Line Items]                        
Number of Countries in which Entity Operates | site   5                    
U.S.-based fuel distribution network | Subsequent Event [Member]                        
Asset Acquisition [Line Items]                        
Business Combination, Price of Acquisition, Expected $ 600                      
v3.26.1
Cash and Cash Equivalents (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Cash and Cash Equivalents [Line Items]        
Accounts receivable, net     $ (1,346) $ 125
Accounts receivable from affiliates     (66) 0
Inventories, net     411 (90)
Other assets     259 (41)
Accounts payable     1,056 (328)
Accounts payable to affiliates     165 19
Accrued expenses and other current liabilities     118 (9)
Other non-current liabilities     (252) 28
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Increase (Decrease) in Operating Capital     345 (296)
Units issued in acquisition $ 13 $ 5    
Lease assets obtained in exchange for new lease liabilities     143 35
Interest Paid, Excluding Capitalized Interest, Operating Activity     384 231
Other acquisition        
Cash and Cash Equivalents [Line Items]        
Units issued in acquisition     $ 0 $ 18
v3.26.1
Accounts Receivable, net (Details) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Allowance for expected credit losses $ (45) $ (42)
Accounts receivable, net 3,284 1,972
Trade Accounts Receivable [Member]    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Accounts receivable, gross, current 2,606 1,686
Credit Card Receivable [Member]    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Accounts receivable, gross, current 51 42
Other Receivables [Member]    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Accounts receivable, gross, current $ 672 $ 286
v3.26.1
Inventories, net - Additional Information (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Inventory [Line Items]          
Inventory Adjustments $ 19   $ 19   $ 472
Inventories, net $ 2,390   2,390   2,383
Effect of LIFO Inventory Liquidation on Income     $ 102    
Effect of LIFO Inventory Liquidation on Income, Per Common Unit $ 0.54   $ 0.54    
Inventory valuation adjustments $ 18 $ 40 $ (426) $ (21)  
Caribbean [Member]          
Inventory [Line Items]          
FIFO Inventory Amount 145   145   88
FIFO Inventory Amount $ 145   $ 145   $ 88
v3.26.1
Inventories, net (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Inventory Disclosure [Abstract]          
Fuel $ 2,186   $ 2,186   $ 2,178
Other 204   204   205
Inventories, net 2,390   2,390   2,383
Inventory Adjustments 19   19   $ 472
Inventory valuation adjustments $ 18 $ 40 $ (426) $ (21)  
v3.26.1
Investment in Unconsolidated Affiliates (Details)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
Dec. 31, 2025
USD ($)
Schedule of Equity Method Investments [Line Items]          
Investments in unconsolidated affiliates $ 1,610   $ 1,610   $ 1,624
Equity in earnings of unconsolidated affiliates 47 $ 31 89 $ 63  
Revenues $ 14,259 5,390 $ 24,949 10,569  
Miles of pipeline 14,000   14,000    
ET-S Permian joint venture          
Schedule of Equity Method Investments [Line Items]          
Investments in unconsolidated affiliates $ 1,151   $ 1,151   1,161
Equity in earnings of unconsolidated affiliates $ 42 30 $ 79 60  
Equity Method Investment, Ownership Percentage 32.50%   32.50%    
Equity Method Investment, Description of Principal Activities     Sunoco owns a 32.5% interest in ET-S Permian, which operates more than 5,000 miles of crude oil and water gathering pipelines with crude oil storage capacity in excess of 11 million barrels.    
Miles of pipeline 5,000   5,000    
Crude oil storage capacity, measured in barrels 11,000,000   11,000,000    
J.C. Nolan Joint Venture          
Schedule of Equity Method Investments [Line Items]          
Investments in unconsolidated affiliates $ 117   $ 117   121
Equity in earnings of unconsolidated affiliates $ 1 1 $ 3 3  
Equity Method Investment, Ownership Percentage 50.00%   50.00%    
Equity Method Investment, Description of Principal Activities     Sunoco owns a 50% interest in J.C. Nolan, which provides diesel fuel storage in Midland, Texas with storage capacity of 130,000 barrels and transports diesel fuel from a tank farm in Hebert, Texas to Midland, Texas on a 500-mile pipeline with a throughput capacity of approximately 36 thousand barrels per day.    
Miles of pipeline 500   500    
Storage capacity 130,000   130,000    
Throughput capacity 36,000   36,000    
SARA          
Schedule of Equity Method Investments [Line Items]          
Investments in unconsolidated affiliates $ 132   $ 132   141
Equity in earnings of unconsolidated affiliates $ 2 0 $ 3 0  
Equity Method Investment, Ownership Percentage 29.00%   29.00%    
Equity Method Investment, Description of Principal Activities     Sunoco owns a 29% interest in SARA, which is a refinery based in Martinique with operations to sell refined crude oil in Guadeloupe, French Guiana and Martinique.    
Isla          
Schedule of Equity Method Investments [Line Items]          
Investments in unconsolidated affiliates $ 179   $ 179   $ 171
Equity in earnings of unconsolidated affiliates $ 2 0 $ 5 0  
Equity Method Investment, Ownership Percentage 50.00%   50.00%    
Equity Method Investment, Description of Principal Activities     Sunoco owns a 50% interest in Isla, which is comprised of over 200 retail locations alongside an integrated commercial and aviation business in the Dominican Republic.    
Number of retail locations 200   200    
ET-S Permian joint venture          
Schedule of Equity Method Investments [Line Items]          
Revenues $ 9,051 5,632 $ 16,189 9,092  
Related Party | ET-S Permian joint venture          
Schedule of Equity Method Investments [Line Items]          
Revenues $ 8,960 $ 5,550 $ 16,000 $ 8,900  
v3.26.1
Schedule of Investment in Unconsolidated Affiliates (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Schedule of Equity Method Investments [Line Items]              
Assets, Current $ 6,782       $ 6,782   $ 5,516
Property, Plant, and Equipment, after Accumulated Depreciation, Depletion, and Amortization 13,668       13,668   13,408
Other non-current assets 963       963   928
Assets 29,926       29,926   28,362
Liabilities, Current 5,262       5,262   3,997
Liabilities and Equity 29,926       29,926   28,362
Other non-current liabilities 528       528   512
Revenues 14,259   $ 5,390   24,949 $ 10,569  
Operating Income (Loss) 583   203   1,449 499  
NET INCOME 283 $ 644 86 $ 207 927 293  
Investments in unconsolidated affiliates 1,610       1,610   1,624
Equity in earnings of unconsolidated affiliates 47   31   89 63  
J.C. Nolan Joint Venture              
Schedule of Equity Method Investments [Line Items]              
Investments in unconsolidated affiliates 117       117   121
Equity in earnings of unconsolidated affiliates 1   1   3 3  
ET-S Permian joint venture              
Schedule of Equity Method Investments [Line Items]              
Investments in unconsolidated affiliates 1,151       1,151   1,161
Equity in earnings of unconsolidated affiliates 42   30   79 60  
SARA              
Schedule of Equity Method Investments [Line Items]              
Investments in unconsolidated affiliates 132       132   141
Equity in earnings of unconsolidated affiliates 2   0   3 0  
Isla              
Schedule of Equity Method Investments [Line Items]              
Investments in unconsolidated affiliates 179       179   171
Equity in earnings of unconsolidated affiliates 2   0   5 0  
Other              
Schedule of Equity Method Investments [Line Items]              
Investments in unconsolidated affiliates 31       31   30
Equity in earnings of unconsolidated affiliates 0   0   (1) 0  
ET-S Permian joint venture              
Schedule of Equity Method Investments [Line Items]              
Assets, Current 134       134   122
Property, Plant, and Equipment, after Accumulated Depreciation, Depletion, and Amortization 3,335       3,335   3,333
Other non-current assets 356       356   308
Assets 3,825       3,825   3,763
Liabilities, Current 247       247   159
Liabilities and Equity 3,825       3,825   3,763
Other non-current liabilities 36       36   31
Equity, Including Portion Attributable to Noncontrolling Interest 3,542       3,542   $ 3,573
Revenues 9,051   5,632   16,189 9,092  
Operating Income (Loss) 131   97   245 189  
NET INCOME 130   93   244 185  
ET-S Permian joint venture | Related Party              
Schedule of Equity Method Investments [Line Items]              
Revenues $ 8,960   $ 5,550   $ 16,000 $ 8,900  
v3.26.1
Accrued Expenses and Other Current Liabilities (Details) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Accrued Expenses And Other Current Liabilities [Abstract]    
Wage and other employee-related accrued expenses $ 66 $ 92
Accrued tax expense 157 187
Accrued insurance expense 23 37
Accrued interest expense 195 183
Dealer deposits 22 21
Accrued environmental expense 32 10
Contract liabilities 107 102
Other 433 275
Total 1,062 953
Accrued Capital Expenditures $ 27 $ 46
v3.26.1
Debt Obligations (Details) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Debt Instrument [Line Items]    
Lease-related financing obligations and other subsidiary debt $ 596,000 $ 233,000
Debt Instrument, Unamortized Discount (Premium), Net 0 2,000
Total debt 13,314,000 13,389,000
Current maturities of long-term debt 6,000 17,000
Debt Issuance Costs, Net (86,000) (83,000)
Total long-term debt, net 13,308,000 13,372,000
Long-term Debt, Fair Value $ 13,360,000 13,520,000
Debt Instrument, Covenant, Leverage Ratio, Maximum 3.7  
Revolving Credit Agreement [Member]    
Debt Instrument [Line Items]    
Credit Facility $ 0 0
Revolving Credit Facility due June 2030    
Debt Instrument [Line Items]    
Line of Credit Facility, Current Borrowing Capacity   $ 2,500,000
6.00% Senior Notes due 2027    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 6.00% 6.00%
Senior Notes $ 0 $ 600,000
5.875% Senior Notes due 2028    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 5.875%  
Senior Notes $ 400,000 400,000
4.5% Senior Notes due 2029    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 4.50%  
Senior Notes $ 800,000 800,000
4.5% Senior Notes due 2030    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 4.50%  
Senior Notes $ 800,000 800,000
7.00% Senior Notes due 2028    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 7.00%  
Senior Notes $ 500,000 500,000
7.25% Senior Notes due 2032    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 7.25%  
Senior Notes $ 750,000 750,000
6.00% Senior Notes due 2026    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 6.00%  
Senior Notes $ 0 500,000
5.625% Senior Notes due 2027    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 5.625%  
Senior Notes $ 550,000 550,000
7.00% Senior Notes due 2029    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 7.00%  
Senior Notes $ 750,000 750,000
6.375% Senior Notes due 2030    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 6.375%  
Senior Notes $ 600,000 600,000
GoZone Bonds    
Debt Instrument [Line Items]    
Senior Notes $ 322,000 322,000
Debt Instrument, Redemption Price, Percentage 101.00%  
GoZone Bonds | Series 2008, 2010B and 2010    
Debt Instrument [Line Items]    
Debt Instrument, Redemption Price, Percentage 100.00%  
GoZone Bonds | Series 2010 and 2010A    
Debt Instrument [Line Items]    
Debt Instrument, Redemption Price, Percentage 100.00%  
Series 2008    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 6.10%  
Senior Notes $ 56,000  
Debt Instrument, Maturity Date Jun. 01, 2038  
Debt Instrument, Issuance Date Jun. 26, 2008  
Series 2010    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 6.35%  
Senior Notes $ 100,000  
Debt Instrument, Maturity Date Jul. 01, 2040  
Debt Instrument, Issuance Date Jul. 15, 2010  
Series 2010A    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 6.35%  
Senior Notes $ 43,000  
Debt Instrument, Maturity Date Oct. 01, 2040  
Debt Instrument, Issuance Date Oct. 07, 2010  
Series 2010B    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 6.10%  
Senior Notes $ 48,000  
Debt Instrument, Maturity Date Dec. 01, 2040  
Debt Instrument, Issuance Date Dec. 29, 2010  
6.250% senior notes due 2033    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 6.25%  
Senior Notes $ 1,000,000 1,000,000
5.625% senior notes due 2031    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 5.625%  
Senior Notes $ 1,000,000 1,000,000
5.875% senior notes due 2034    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 5.875%  
Senior Notes $ 900,000 900,000
3.875% CAD senior notes due 2026    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 3.875%  
Senior Notes $ 0 400,000
Parkland 3.875% CAD senior notes due 2026    
Debt Instrument [Line Items]    
Senior Notes $ 0 37,000
5.875% senior notes due 2027    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 5.875%  
Senior Notes $ 499,000 499,000
Parkland 5.875% Senior notes due 2027    
Debt Instrument [Line Items]    
Senior Notes 0 1,000
6.000% CAD senior notes due 2028    
Debt Instrument [Line Items]    
Senior Notes 268,000 277,000
Parkland 6.000% CAD senior notes due 2029    
Debt Instrument [Line Items]    
Senior Notes $ 0 14,000
4.375% CAD senior notes due 2029    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 4.375%  
Senior Notes $ 384,000 397,000
Parkland 4.375% CAD senior notes due 2029    
Debt Instrument [Line Items]    
Senior Notes $ 0 40,000
4.500% senior notes due 2029    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 4.50%  
Senior Notes $ 790,000 790,000
Parkland 4.500% senior notes due 2029    
Debt Instrument [Line Items]    
Senior Notes $ 0 10,000
4.625% senior notes due 2030    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 4.625%  
Senior Notes $ 798,000 798,000
Parkland 4.625% senior notes due 2030    
Debt Instrument [Line Items]    
Senior Notes $ 0 2,000
5.375% senior notes due 2031    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 5.375%  
Senior Notes $ 600,000 0
6.625% senior notes due 2032    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 6.625%  
Senior Notes $ 493,000 493,000
Parkland 6.625% senior notes due 2032    
Debt Instrument [Line Items]    
Senior Notes $ 0 7,000
5.625% senior notes due 2034    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 5.625%  
Senior Notes $ 600,000 $ 0
6.00% CAD senior notes due 2028    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 6.00%  
Due before March 31, 2027, classified as long-term    
Debt Instrument [Line Items]    
Senior Notes $ 550,000  
Series 2011    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 3.70%  
Senior Notes $ 75,000  
Debt Instrument, Maturity Date Aug. 01, 2041  
Debt Instrument, Issuance Date Oct. 01, 2025  
v3.26.1
Debt Obligations (Revolving Credit Agreement) (Details) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Revolving Credit Agreement [Member]    
Debt Instrument [Line Items]    
Revolving credit facility $ 0 $ 0
NuStar Credit Facility    
Debt Instrument [Line Items]    
Revolving credit facility 0  
Revolving Credit Facility due June 2030    
Debt Instrument [Line Items]    
Letters of Credit Outstanding, Amount 183  
Line of Credit Facility, Current Borrowing Capacity   $ 2,500
Line of Credit Facility, Remaining Borrowing Capacity $ 2,320  
Line of Credit Facility, Interest Rate at Period End 5.46%  
Revolving Credit Facility due June 2030 | Parkland    
Debt Instrument [Line Items]    
Line of Credit Facility, Maximum Borrowing Capacity $ 3,500  
v3.26.1
Debt Obligations (Fair Value Measurements) (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Fair Value Measurements [Abstract]    
Long-term Debt, Fair Value $ 13,360,000 $ 13,520,000
v3.26.1
Other Noncurrent Liabilities (Details) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Other Liabilities Disclosure [Abstract]    
Asset retirement obligations $ 208 $ 254
Accrued environmental expense, long-term 192 158
Other 128 100
Other non-current liabilities $ 528 $ 512
v3.26.1
Related-Party Transactions (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Related Party Transaction [Line Items]          
Revenues $ 14,259 $ 5,390 $ 24,949 $ 10,569  
Disaggregation of Income Statement Expense, Caption, Reimbursement to Another Entity, Amount 12 10 24 21  
Accounts payable to affiliates 496   496   $ 331
Related Party          
Related Party Transaction [Line Items]          
Advances from affiliates 76   76   $ 78
Wholesale motor fuel sales to affiliates [Member] | Related Party          
Related Party Transaction [Line Items]          
Revenues 253 5 486 7  
Wholesale Motor Fuel [Member]          
Related Party Transaction [Line Items]          
Related Party Transaction, Purchases from Related Party $ 551 $ 323 $ 986 $ 617  
v3.26.1
Revenue (Disaggregation of Revenue) (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Disaggregation of Revenue [Line Items]        
Revenues $ 14,259 $ 5,390 $ 24,949 $ 10,569
Capitalized Contract Cost, Amortization 17 10 34 19
Lease Income [Member]        
Disaggregation of Revenue [Line Items]        
Revenues 43 30 82 59
Fuel        
Disaggregation of Revenue [Line Items]        
Revenues 13,387 4,991 23,262 9,798
Non-Fuel        
Disaggregation of Revenue [Line Items]        
Revenues 309 75 596 142
Pipeline throughput        
Disaggregation of Revenue [Line Items]        
Revenues 186 163 362 321
Terminal throughput        
Disaggregation of Revenue [Line Items]        
Revenues 42 31 81 58
Refinery throughput        
Disaggregation of Revenue [Line Items]        
Revenues 135 0 281 0
Other        
Disaggregation of Revenue [Line Items]        
Revenues $ 157 $ 100 $ 285 $ 191
v3.26.1
Revenue (Contract Balances with Customer) (Details) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Dec. 31, 2024
Capitalized Contract Cost [Line Items]        
Contract assets $ 607   $ 480  
Accounts receivable from contracts with customers 2,612   1,686  
Contract liabilities 136 $ 33 $ 125 $ 39
Additions 51 10    
Revenue recognized $ (40) $ (16)    
v3.26.1
Revenue - Remaining Performance Obligation (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]        
Revenue, Remaining Performance Obligation, Amount $ 1,419   $ 1,419  
Capitalized Contract Cost, Amortization 17 $ 10 34 $ 19
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-07-01        
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]        
Revenue, Remaining Performance Obligation, Amount $ 241   $ 241  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Year 2026   2026  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period 6 months   6 months  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01        
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]        
Revenue, Remaining Performance Obligation, Amount $ 338   $ 338  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Year 2027   2027  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period 1 year 6 months   1 year 6 months  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01        
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]        
Revenue, Remaining Performance Obligation, Amount $ 238   $ 238  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Year 2028   2028  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period 2 years 6 months   2 years 6 months  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2029-01-01        
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]        
Revenue, Remaining Performance Obligation, Amount $ 170   $ 170  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Year 2029   2029  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period 3 years 6 months   3 years 6 months  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2030-01-01        
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]        
Revenue, Remaining Performance Obligation, Amount $ 144   $ 144  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Year 2030   2030  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period 4 years 6 months   4 years 6 months  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2031-01-01        
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]        
Revenue, Remaining Performance Obligation, Amount $ 288   $ 288  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period 5 years 6 months   5 years 6 months  
v3.26.1
Commitments And Contingencies (Details) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Loss Contingencies [Line Items]    
Insurance coverage per occurrence $ 15  
Accrual for Environmental Loss Contingencies 224 $ 168
Accrued environmental expense 32 10
Accrued environmental expense, long-term 192 $ 158
New York Motor Fuel Excise Tax Audit    
Loss Contingencies [Line Items]    
Loss Contingency, Damages Sought, Value $ 20  
v3.26.1
Equity (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Schedule of Partners' Capital [Line Items]        
Foreign currency translation adjustment   $ (45)   $ (6)
Total AOCI included in partners’ capital, net of tax   $ (45)   $ (6)
CASH DISTRIBUTION PER COMMON UNIT $ 0.9088 $ 1.9922 $ 1.8064  
Preferred Units, Issued   1,500,000   1,500,000
Series A Preferred Units        
Schedule of Partners' Capital [Line Items]        
Preferred Units, Issued   1,500,000    
Preferred Stock, Dividend Rate, Percentage   7.875%    
Proceeds from Issuance of Preferred Stock and Preference Stock   $ 1,470    
Shares Issued, Price Per Share   $ 1,000    
Common Units        
Schedule of Partners' Capital [Line Items]        
Limited Partners' Capital Account, Units Outstanding   108,431,934    
Common Units [Member]        
Schedule of Partners' Capital [Line Items]        
Limited Partners' Capital Account, Units Outstanding   136,895,901   136,866,854
Class C Units [Member]        
Schedule of Partners' Capital [Line Items]        
Limited Partners' Capital Account, Units Outstanding   16,410,780   16,410,780
CASH DISTRIBUTION PER COMMON UNIT   $ 0.8682    
Other Allocation Percentage, Distribution   100.00%    
Units of Partnership Interest, Description   Class C Units (i) are not convertible or exchangeable into Common Units or any other units of the Partnership and are non-redeemable; (ii) are entitled to receive distributions of available cash of the Partnership (other than available cash derived from or attributable to any distribution received by the Partnership from Sunoco Retail, the proceeds of any sale of the membership interests of Sunoco Retail, or any interest or principal payments received by the Partnership with respect to indebtedness of Sunoco Retail or its subsidiaries) at a fixed rate equal to $0.8682 per quarter for each Class C Unit outstanding; (iii) do not have the right to vote on any matter except as otherwise required by any non-waivable provision of law; (iv) are not allocated any items of income, gain, loss, deduction or credit attributable to the Partnership’s ownership of, or sale or other disposition of, the membership interests of Sunoco Retail, or the Partnership’s ownership of any indebtedness of Sunoco Retail or any of its subsidiaries (“Sunoco Retail Items”); (v) will be allocated gross income (other than from Sunoco Retail Items) in an amount equal to the cash distributed to the holders of Class C Units and (vi) will be allocated depreciation, amortization and cost recovery deductions as if the Class C Units were Common Units and 1% of certain allocations of net termination gain (other than from Sunoco Retail Items).    
Class D Units        
Schedule of Partners' Capital [Line Items]        
Limited Partners' Capital Account, Units Outstanding   51,517,198    
Units of Partnership Interest, Description   Class D Units (i) except as required by law and in addition to the voting rights established in the Partnership Agreement, are entitled to vote; (ii) shall represent limited partnership interests and common unit interests in the Partnership and shall be economically equivalent to other Partnership common units and no distribution may be made in respect of the Partnership’s common units unless an equal distribution is simultaneously made on the Class D Units; and (iii) provide dividend equalization rights for the period beginning on October 31, 2025 and ending December 31, 2027 (the “Equalization Period”), the Partnership shall ensure that SunocoCorp shall have cash necessary and sufficient to pay distributions on each SunocoCorp common unit for each quarter during the Equalization Period in an amount equal to 100% of the distributions paid by the Partnership on each Sunoco common unit during such quarter.    
Energy Transfer | Common Units [Member]        
Schedule of Partners' Capital [Line Items]        
Limited Partners' Capital Account, Units Outstanding   28,463,967    
v3.26.1
Equity (Schedule of Common Units) (Details) - Common Units [Member]
 6 Months Ended
Jun. 30, 2026
shares
Class of Stock [Line Items]  
Number of common units at December 31, 2025 136,866,854
Phantom unit vesting 29,047
Number of common units at June 30, 2026 136,895,901
v3.26.1
Equity (Cash Distributions) (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Dec. 31, 2025
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Distribution Made To Managing Member Or General Partner [Line Items]            
Distributions on Common Units         $ 398 $ 322
Incentive Distribution, Distribution Per Unit $ 74     $ 40 $ 145 $ 79
Preferred Stock, Dividends, Per Share, Cash Paid $ 39.38          
Common Units [Member] | Sunoco LP            
Distribution Made To Managing Member Or General Partner [Line Items]            
Per Unit Distribution (in dollars per unit) $ 1.0023 $ 0.9899 $ 0.9317      
Distributions on Common Units $ 137 $ 136 $ 128      
Distribution to IDR Holders | Sunoco LP            
Distribution Made To Managing Member Or General Partner [Line Items]            
Incentive Distribution, Distribution Per Unit 74 71 60      
Class D Units | Sunoco LP            
Distribution Made To Managing Member Or General Partner [Line Items]            
Distributions on Common Units $ 52 $ 51 $ 48      
v3.26.1
Segment Reporting (Details)
mi in Thousands, bbl in Thousands, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
USD ($)
terminals
mi
facility
bbl
Mar. 31, 2026
USD ($)
Jun. 30, 2025
USD ($)
Mar. 31, 2025
USD ($)
Jun. 30, 2026
USD ($)
terminals
mi
bbl
facility
site
Jun. 30, 2025
USD ($)
Dec. 31, 2025
USD ($)
Segment Reporting [Line Items]              
Revenues $ 14,259   $ 5,390   $ 24,949 $ 10,569  
Interest Expense, Operating and Nonoperating 204   123   405 244  
Depreciation, amortization and accretion 282   154   568 310  
Non-cash unit-based compensation expense 7   5   13 9  
Unrealized Gain (Loss) on Derivatives and Commodity Contracts (6)   (7)   50 (8)  
Loss on extinguishment of debt 0   17   1 19  
Adjusted EBITDA 982   454   1,840 912  
Income tax expense 79   7   114 5  
Loss on extinguishment of debt 0   (17)   (1) (19)  
Equity in earnings of unconsolidated affiliates (47)   (31)   (89) (63)  
Assets 29,926       29,926   $ 28,362
Cost of sales (excluding items shown separately below) 12,795   4,821   21,796 9,347  
Operating expenses, excluding non-cash unit-based compensation 434   162   815 320  
General and administrative expense, excluding non-cash unit-based compensation 155   47   306 83  
Other (107)   (94)   192 (93)  
NET INCOME 283 $ 644 86 $ 207 $ 927 293  
Number of Reportable Segments | site         4    
Loss on disposal of assets and impairment charges 3   (2)   $ 2 1  
Inventory valuation adjustments 18   40   (426) (21)  
Adjusted EBITDA related to unconsolidated affiliates 75   51   144 101  
Other non-cash adjustments 84   11   131 22  
Intersegment Eliminations              
Segment Reporting [Line Items]              
Revenues (1,937)   (240)   (2,950) (490)  
Cost of sales (excluding items shown separately below) (1,937)   (240)   (2,950) (490)  
Fuel Distribution              
Segment Reporting [Line Items]              
Adjusted EBITDA 504   206   $ 1,033 426  
Segment Reporting, Product and Service, Revenue, Description         Our Fuel Distribution segment supplies fuel to customers that include independently operated dealer and distributor stations, commission agent operators, and commercial businesses. In addition, we supply our directly operated convenience retail facilities. Our Fuel Distribution segment also includes income from the Partnership’s properties that are leased, in addition to credit card services, franchise royalties and retail operations in North America and the Greater Caribbean.    
Fuel Distribution | Operating Segments              
Segment Reporting [Line Items]              
Revenues 14,425   5,105   $ 24,844 10,021  
Cost of sales (excluding items shown separately below) 13,534   4,843   22,717 9,398  
Operating expenses, excluding non-cash unit-based compensation 305   74   574 146  
General and administrative expense, excluding non-cash unit-based compensation 122   26   244 46  
Other (40)   (44)   276 5  
Fuel Distribution | Operating Segments | Revenues from external customers              
Segment Reporting [Line Items]              
Revenues 13,739   5,096   23,940 9,999  
Fuel Distribution | Operating Segments | Intersegment revenues              
Segment Reporting [Line Items]              
Revenues 686   9   904 22  
Pipeline Systems              
Segment Reporting [Line Items]              
Adjusted EBITDA $ 190   177   $ 369 349  
Segment Reporting, Product and Service, Revenue, Description         Our Pipeline Systems segment includes an integrated pipeline and terminal network comprised of approximately 6,000 miles of refined product pipeline (including the pipeline of J.C. Nolan), approximately 6,000 miles of crude oil pipeline (including the pipelines of ET-S Permian), approximately 2,000 miles of ammonia pipeline and 69 terminals.    
Number of Miles of Refined Product Pipeline | mi 6       6    
Number of Miles of Crude Oil Pipeline | mi 6       6    
Number of Miles of Ammonia Pipeline | mi 2       2    
Number of Terminals | terminals 69       69    
Pipeline Systems | Operating Segments              
Segment Reporting [Line Items]              
Revenues $ 207   182   $ 405 356  
Cost of sales (excluding items shown separately below) 12   (1)   26 (1)  
Operating expenses, excluding non-cash unit-based compensation 54   45   103 89  
General and administrative expense, excluding non-cash unit-based compensation 14   11   26 20  
Other (63)   (50)   (119) (101)  
Pipeline Systems | Operating Segments | Revenues from external customers              
Segment Reporting [Line Items]              
Revenues 202   181   396 354  
Pipeline Systems | Operating Segments | Intersegment revenues              
Segment Reporting [Line Items]              
Revenues 5   1   9 2  
Terminals              
Segment Reporting [Line Items]              
Adjusted EBITDA $ 113   71   $ 220 137  
Segment Reporting, Product and Service, Revenue, Description         Our Terminals segment is composed of four transmix processing facilities and 102 refined product terminals (18 in Europe, six in Hawaii, nine in Canada, 20 in the Greater Caribbean and 49 in the continental United States).Refinery. Our Refinery segment includes the Burnaby Refinery, which was acquired in the Parkland Acquisition, with an operational capacity of approximately 55,000 barrels per day. The refinery consumes primarily sweet conventional crude oil and sweet synthetic crude oil to produce gasoline, diesel and jet fuel among other products.    
Number of Transmix Processing Facilities | facility 4       4    
Number of Refined Product Terminals | terminals 102       102    
Terminals | Europe              
Segment Reporting [Line Items]              
Number of Refined Product Terminals | terminals 18       18    
Terminals | HAWAII              
Segment Reporting [Line Items]              
Number of Refined Product Terminals | terminals 6       6    
Terminals | CANADA              
Segment Reporting [Line Items]              
Number of Refined Product Terminals | terminals 9       9    
Terminals | Continental United states              
Segment Reporting [Line Items]              
Number of Refined Product Terminals | terminals 49       49    
Terminals | Greater Caribbean Area              
Segment Reporting [Line Items]              
Number of Refined Product Terminals | terminals 20       20    
Terminals | Operating Segments              
Segment Reporting [Line Items]              
Revenues $ 571   343   $ 1,005 682  
Cost of sales (excluding items shown separately below) 371   219   580 440  
Operating expenses, excluding non-cash unit-based compensation 75   43   138 85  
General and administrative expense, excluding non-cash unit-based compensation 12   10   23 17  
Other 0   0   44 3  
Terminals | Operating Segments | Revenues from external customers              
Segment Reporting [Line Items]              
Revenues 183   113   332 216  
Terminals | Operating Segments | Intersegment revenues              
Segment Reporting [Line Items]              
Revenues 388   230   673 466  
Refinery              
Segment Reporting [Line Items]              
Adjusted EBITDA $ 175   0   $ 218 0  
Operational Capacity Per Day, Number of Barrels | bbl 55       55    
Refinery | Operating Segments              
Segment Reporting [Line Items]              
Revenues $ 993   0   $ 1,645 0  
Cost of sales (excluding items shown separately below) 815   0   1,423 0  
Operating expenses, excluding non-cash unit-based compensation 0   0   0 0  
General and administrative expense, excluding non-cash unit-based compensation 7   0   13 0  
Other (4)   0   (9) 0  
Refinery | Operating Segments | Revenues from external customers              
Segment Reporting [Line Items]              
Revenues 135   0   281 0  
Refinery | Operating Segments | Intersegment revenues              
Segment Reporting [Line Items]              
Revenues $ 858   $ 0   $ 1,364 $ 0  
v3.26.1
Net Income per Common Unit (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Earnings Per Share Basic [Line Items]            
NET INCOME $ 283 $ 644 $ 86 $ 207 $ 927 $ 293
Incentive distribution rights 74   40   145 79
Distributions on unvested phantom unit awards 2   1   4 3
Less: Class D unitholder's interest in net income 29   0     0
Net income allocable to Class D unitholder's interest in net income $ 49   $ 0   $ 198 $ 0
Net income per common unit:            
Basic $ 0.94   $ 0.33   $ 3.81 $ 1.55
Diluted $ 0.94   $ 0.33   $ 3.79 $ 1.54
Common Units [Member]            
Earnings Per Share Basic [Line Items]            
Common unitholders’ interest in net income $ 129   $ 45   $ 521 $ 211
Weighted average common units outstanding:            
Basic 136,895,211   136,432,676   136,892,005 136,350,550
Dilutive effect of unvested phantom unit awards 839,922   713,343   752,965 690,396
Diluted 137,735,133   137,146,019   137,644,970 137,040,946
v3.26.1
Derivative Instruments and Hedging Activities (Details)
€ in Millions, bbl in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
USD ($)
bbl
Jun. 30, 2025
USD ($)
Jun. 30, 2026
USD ($)
bbl
Jun. 30, 2025
USD ($)
Jun. 30, 2026
EUR (€)
bbl
Derivative [Line Items]          
Derivative, Nonmonetary Notional Amount | bbl 6.9   6.9   6.9
Unrealized Gain (Loss) on Derivatives     $ 63    
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net $ (83) $ 14 5 $ 28  
TanQuid          
Derivative [Line Items]          
Derivative, Notional Amount 126   126   € 111
Interest Rate Swap | Not Designated as Hedging Instrument | December 2030          
Derivative [Line Items]          
Derivative, Notional Amount $ 126   $ 126    
Derivative, Fixed Interest Rate 2.5095%   2.5095%   2.5095%
Location, Statement of Income, Balance [Axis]: us-gaap:CostOfGoodsAndServicesSold          
Derivative [Line Items]          
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net $ (85) 14 $ 3 28  
Location, Statement of Income, Balance [Axis]: us-gaap:OtherNonoperatingIncomeExpense          
Derivative [Line Items]          
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net $ 2 $ 0 $ 2 $ 0