Equity Profile

SUN

Sunoco LP

EnergyOil & Gas Refining & Marketing$12.5B

Nov5Wed

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EST

Company Snapshot

Sunoco LP is a key player in the energy sector, focusing on oil and gas refining and marketing. With a market cap of $12 billion, it plays a significant role in fuel distribution across the United States, making it an important company to watch as energy demand fluctuates.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical indicator of the company's profitability and financial health.

N/A

Revenue Growth

Revenue growth will help investors gauge the company's ability to expand and compete in the energy market.

N/A

Wall Street expectations, options signals, track record, and call prep available with Pro.

SUN Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

25%

Avg EPS Surprise

-33.20%

Avg Stock Reaction

+0.61%

Last Quarter Recap

In Q1-2026, Sunoco LP reported an EPS of $2.85, significantly exceeding expectations. This strong performance was a positive surprise for investors, leading to a stock increase the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations are mixed as investors await clarity on revenue and profitability trends. The recent strong EPS surprise may lead to cautious optimism.

Bull Case

If Sunoco can maintain or improve its profitability, it could signal strong demand and operational efficiency, leading to further stock appreciation.

Bear Case

Conversely, if the company fails to meet revenue expectations or shows signs of declining margins, it could lead to a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2-2026?

EPS is a key indicator of profitability, and a strong figure could bolster investor confidence.

How does management view revenue growth in the current market?

Understanding revenue growth will provide insights into the company's operational health and market demand.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Sunoco's ability to capitalize on rising energy demand, especially in refining margins.

Supporting Evidence

The recent EPS surprise indicates stronger operational efficiency than anticipated.

Options pricing suggests higher volatility, hinting at potential for significant movement post-earnings.

Key Risk

If EPS comes in above $3.00, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is closely watching how Sunoco navigates current energy market dynamics, especially in light of its recent performance.

Bull Confirmed If

An EPS of $3.00 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $1.50 would confirm the bear case, suggesting significant challenges in profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±2.86%

Historical Avg

±1.3%

Pricing rich

The options market is pricing in a potential move of about 2.86%, indicating some uncertainty ahead of the earnings report.

Options are pricing ±2.9% while SUN has averaged ±1.3% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

30.4%

Calls (9K)P/C Ratio: 0.27Puts (1K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Sunoco beats expectations, history suggests a potential stock increase of around 1.18%, confirming bullish sentiment.

In-Line / Cautious

If results are in line but management provides cautious commentary, the stock may see muted movement as investors reassess.

Miss

A miss could lead to a decline, with historical patterns indicating an average drop of 0.42% following earnings misses.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on refining margins and their impact on profitability.
2Management's outlook on energy demand trends for the upcoming quarters.
3Details on cost management strategies in response to market fluctuations.
4Insights into any new partnerships or contracts that could drive revenue.
5Clarification on how external factors, like geopolitical events, are affecting operations.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

More Earnings This Week

5 Reports

DaVita Inc.

Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical indicator of the company's profitability and financial health.

N/A

Revenue Growth

Revenue growth will help investors gauge the company's ability to expand and compete in the energy market.

N/A

Wall Street expectations, options signals, track record, and call prep available with Pro.

SUN Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

25%

Avg EPS Surprise

-33.20%

Avg Stock Reaction

+0.61%

Last Quarter Recap

In Q1-2026, Sunoco LP reported an EPS of $2.85, significantly exceeding expectations. This strong performance was a positive surprise for investors, leading to a stock increase the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations are mixed as investors await clarity on revenue and profitability trends. The recent strong EPS surprise may lead to cautious optimism.

Bull Case

If Sunoco can maintain or improve its profitability, it could signal strong demand and operational efficiency, leading to further stock appreciation.

Bear Case

Conversely, if the company fails to meet revenue expectations or shows signs of declining margins, it could lead to a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2-2026?

EPS is a key indicator of profitability, and a strong figure could bolster investor confidence.

How does management view revenue growth in the current market?

Understanding revenue growth will provide insights into the company's operational health and market demand.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Sunoco's ability to capitalize on rising energy demand, especially in refining margins.

Supporting Evidence

The recent EPS surprise indicates stronger operational efficiency than anticipated.

Options pricing suggests higher volatility, hinting at potential for significant movement post-earnings.

Key Risk

If EPS comes in above $3.00, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is closely watching how Sunoco navigates current energy market dynamics, especially in light of its recent performance.

Bull Confirmed If

An EPS of $3.00 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $1.50 would confirm the bear case, suggesting significant challenges in profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±2.86%

Historical Avg

±1.3%

Pricing rich

The options market is pricing in a potential move of about 2.86%, indicating some uncertainty ahead of the earnings report.

Options are pricing ±2.9% while SUN has averaged ±1.3% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

30.4%

Calls (9K)P/C Ratio: 0.27Puts (1K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Sunoco beats expectations, history suggests a potential stock increase of around 1.18%, confirming bullish sentiment.

In-Line / Cautious

If results are in line but management provides cautious commentary, the stock may see muted movement as investors reassess.

Miss

A miss could lead to a decline, with historical patterns indicating an average drop of 0.42% following earnings misses.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on refining margins and their impact on profitability.
2Management's outlook on energy demand trends for the upcoming quarters.
3Details on cost management strategies in response to market fluctuations.
4Insights into any new partnerships or contracts that could drive revenue.
5Clarification on how external factors, like geopolitical events, are affecting operations.