$SUNC
SunocoCorp LLC
CIK:0002089661|SEC Filings
Consolidated Statements of Cash Flows - USD ($) $ in Millions |
6 Months Ended | ||||
|---|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
||||
| OPERATING ACTIVITIES: | |||||
| NET INCOME | $ 878 | $ 293 | [1] | ||
| Reconciliation of net income to net cash provided by operating activities: | |||||
| Depreciation, amortization and accretion | 568 | 310 | [1] | ||
| Amortization of deferred financing fees | 18 | 8 | [1] | ||
| Loss on disposal of assets and impairment charges | 2 | 1 | [1] | ||
| Loss on extinguishment of debt | 1 | 19 | [1] | ||
| Non-cash unit-based compensation expense | 13 | 9 | [1] | ||
| Inventory valuation adjustments | (426) | (21) | [1] | ||
| Equity in earnings of unconsolidated affiliates | (89) | (63) | [1] | ||
| Distributions from unconsolidated affiliates | 89 | 117 | [1] | ||
| Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Increase (Decrease) in Operating Capital | 345 | (296) | [1] | ||
| Net change in operating assets and liabilities, net of effects of acquisitions and divestitures | |||||
| Net cash provided by operating activities | 1,555 | 399 | [1] | ||
| INVESTING ACTIVITIES: | |||||
| Contributions to unconsolidated affiliates | (26) | (40) | [1] | ||
| Distributions from unconsolidated affiliates in excess of cumulative earnings | 37 | 47 | [1] | ||
| Net cash used in investing activities | (698) | (350) | [1] | ||
| FINANCING ACTIVITIES: | |||||
| Senior notes borrowings | 1,200 | 1,000 | [1] | ||
| Net cash provided by (used in) financing activities | (975) | (27) | [1] | ||
| Cash and cash equivalents, beginning of period | 891 | 94 | [1] | ||
| Cash and cash equivalents, end of period | 773 | 116 | [1] | ||
| Net change in cash and cash equivalents | (118) | 22 | [1] | ||
| Noncash Investing and Financing Items [Abstract] | |||||
| Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Other Item | (17) | 28 | [1] | ||
| Deferred Income Tax Expense (Benefit) | 59 | (6) | [1] | ||
| Payments for Capital Improvements | (372) | (261) | [1] | ||
| Proceeds from disposal of property, plant and equipment | 4 | 8 | [1] | ||
| Payments of Loan Costs | (15) | (13) | [1] | ||
| Cash distributions to predecessor equity, including incentive distributions | 0 | (322) | [1] | ||
| Cash distributions to noncontrolling interests | (457) | 0 | [1] | ||
| Distribution Made to Limited Liability Company (LLC) Member, Cash Distributions Paid | (99) | 0 | [1] | ||
| Gain (Loss), Foreign Currency Transaction, before Tax | 114 | 0 | |||
| Senior Notes | |||||
| Noncash Investing and Financing Items [Abstract] | |||||
| Repayments of Long-Term Debt | (1,604) | (620) | [1] | ||
| GoZone Bonds | |||||
| Noncash Investing and Financing Items [Abstract] | |||||
| Repayments of Long-Term Debt | 0 | (75) | |||
| Credit Facility | |||||
| FINANCING ACTIVITIES: | |||||
| Credit Facility borrowings | 1,896 | 1,536 | [1] | ||
| Credit Facility repayments | (1,896) | (1,533) | [1] | ||
| Other Acquisitions | |||||
| INVESTING ACTIVITIES: | |||||
| Cash paid for other acquisitions | (72) | (104) | [1] | ||
| TanQuid | |||||
| INVESTING ACTIVITIES: | |||||
| Cash paid for other acquisitions | (194) | 0 | [1] | ||
| Delta Acquisition | |||||
| INVESTING ACTIVITIES: | |||||
| Cash paid for other acquisitions | $ (75) | $ 0 | |||
| |||||
Consolidated Balance Sheets - USD ($) $ in Millions |
Jun. 30, 2026 |
Dec. 31, 2025 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 773 | $ 891 |
| 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: | ||
| 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 | 1,104 | 1,135 |
| Other non-current liabilities | 528 | 512 |
| Total liabilities | 21,623 | 20,349 |
| Commitments and contingencies (Note 13) | ||
| Limited Partners' Capital Account, Units Issued | 51,517,198 | 51,517,198 |
| Equity: | ||
| Common unitholders (51,517,198 units issued and outstanding as of June 30, 2026 and December 31, 2025) | $ 2,592 | $ 2,542 |
| Accumulated other comprehensive loss | (45) | (6) |
| Total Member's Equity | 2,547 | 2,536 |
| Noncontrolling interests | 5,756 | 5,477 |
| Total equity | 8,303 | 8,013 |
| Total liabilities and equity | $ 29,926 | $ 28,362 |
| Common Unit, Outstanding | 51,517,198 | 51,517,198 |
| Related Party | ||
| Current assets: | ||
| Other Receivables, Net, Current | $ 66 | $ 0 |
| Current liabilities: | ||
| Accounts payable | 496 | 331 |
| Other Liabilities | 76 | 78 |
| Nonrelated Party | ||
| Current liabilities: | ||
| Accounts payable | $ 3,516 | $ 2,485 |