Sunoco LP (SUN) - Net Assets
Based on the latest financial reports, Sunoco LP (SUN) has net assets worth $5.54 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($17.84 Billion) and total liabilities ($12.30 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore balance sheet size of Sunoco LP for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $5.54 Billion |
| % of Total Assets | 31.05% |
| Annual Growth Rate | 29.83% |
| 5-Year Change | 543.67% |
| 10-Year Change | -22.7% |
| Growth Volatility | 1214.62 |
Sunoco LP - Net Assets Trend (2010–2024)
This chart illustrates how Sunoco LP's net assets have evolved over time, based on quarterly financial data. Check tangible equity quality of Sunoco LP to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Sunoco LP (2010–2024)
The table below shows the annual net assets of Sunoco LP from 2010 to 2024. For live valuation and market cap data, see SUN market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $4.07 Billion | +315.95% |
| 2023-12-31 | $978.00 Million | +3.82% |
| 2022-12-31 | $942.00 Million | +16.15% |
| 2021-12-31 | $811.00 Million | +28.32% |
| 2020-12-31 | $632.00 Million | -16.62% |
| 2019-12-31 | $758.00 Million | -3.32% |
| 2018-12-31 | $784.00 Million | -65.11% |
| 2017-12-31 | $2.25 Billion | +2.32% |
| 2016-12-31 | $2.20 Billion | -58.27% |
| 2015-12-31 | $5.26 Billion | +36.94% |
| 2014-12-31 | $3.84 Billion | +4722.45% |
| 2013-12-31 | $79.69 Million | +1.74% |
| 2012-12-31 | $78.33 Million | -32.36% |
| 2011-12-31 | $115.81 Million | +10.07% |
| 2010-12-31 | $105.22 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sunoco LP's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $4.07 Billion | 99.95% |
| Other Comprehensive Income | $2.00 Million | 0.05% |
| Total Equity | $4.07 Billion | 100.00% |
Sunoco LP Competitors by Market Cap
The table below lists competitors of Sunoco LP ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Banque Cantonale Vaudoise
SW:BCVN
|
$10.02 Billion |
|
Enel Américas S.A
SN:ENELAM
|
$10.03 Billion |
|
CSPC Pharmaceutical Group Limited
F:CVG
|
$10.04 Billion |
|
Aurobindo Pharma Limited
NSE:AUROPHARMA
|
$10.04 Billion |
|
Aegon NV
AS:AGN
|
$10.02 Billion |
|
Fresenius Medical Care AG & Co. KGaA
XETRA:FME
|
$10.01 Billion |
|
CHINA RE.PO.HO.UNS.ADR/15
F:CRP0
|
$10.01 Billion |
|
Watts Water Technologies Inc
NYSE:WTS
|
$10.00 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sunoco LP's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 978,000,000 to 4,068,000,000, a change of 3,090,000,000 (316.0%).
- Net income of 716,000,000 contributed positively to equity growth.
- Dividend payments of 566,000,000 reduced retained earnings.
- Share repurchases of 784,000,000 reduced equity.
- Other comprehensive income increased equity by 2,000,000.
- Other factors increased equity by 3,722,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $716.00 Million | +17.6% |
| Dividends Paid | $566.00 Million | -13.91% |
| Share Repurchases | $784.00 Million | -19.27% |
| Other Comprehensive Income | $2.00 Million | +0.05% |
| Other Changes | $3.72 Billion | +91.49% |
| Total Change | $- | 315.95% |
Book Value vs Market Value Analysis
This analysis compares Sunoco LP's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.15x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 15.25x to 2.15x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | $4.81 | $73.36 | x |
| 2011-12-31 | $5.29 | $73.36 | x |
| 2012-12-31 | $3.58 | $73.36 | x |
| 2013-12-31 | $3.64 | $73.36 | x |
| 2014-12-31 | $32.44 | $73.36 | x |
| 2015-12-31 | $61.54 | $73.36 | x |
| 2016-12-31 | $23.46 | $73.36 | x |
| 2017-12-31 | $22.53 | $73.36 | x |
| 2018-12-31 | $9.24 | $73.36 | x |
| 2019-12-31 | $9.07 | $73.36 | x |
| 2020-12-31 | $7.55 | $73.36 | x |
| 2021-12-31 | $9.60 | $73.36 | x |
| 2022-12-31 | $11.11 | $73.36 | x |
| 2023-12-31 | $11.49 | $73.36 | x |
| 2024-12-31 | $34.09 | $73.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sunoco LP utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 17.60%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.16%
- • Asset Turnover: 1.58x
- • Equity Multiplier: 3.53x
- Recent ROE (17.60%) is above the historical average (17.24%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 8.76% | 0.34% | 13.25x | 1.93x | $-1.31 Million |
| 2011 | 9.15% | 0.28% | 16.52x | 2.00x | $-983.30K |
| 2012 | 22.43% | 0.41% | 12.15x | 4.54x | $9.74 Million |
| 2013 | 46.46% | 0.82% | 11.52x | 4.89x | $29.06 Million |
| 2014 | 4.99% | 1.05% | 0.88x | 5.41x | $-56.93 Million |
| 2015 | 6.15% | 1.53% | 1.41x | 2.86x | $-119.19 Million |
| 2016 | -18.49% | -4.07% | 1.15x | 3.96x | $-625.60 Million |
| 2017 | 6.63% | 1.27% | 1.40x | 3.71x | $-75.70 Million |
| 2018 | -26.40% | -1.22% | 3.48x | 6.22x | $-285.40 Million |
| 2019 | 31.00% | 1.42% | 3.05x | 7.17x | $159.20 Million |
| 2020 | 21.36% | 1.26% | 2.03x | 8.33x | $71.80 Million |
| 2021 | 54.99% | 2.53% | 3.03x | 7.17x | $364.90 Million |
| 2022 | 42.14% | 1.54% | 3.75x | 7.28x | $302.80 Million |
| 2023 | 31.80% | 1.35% | 3.37x | 7.00x | $213.20 Million |
| 2024 | 17.60% | 3.16% | 1.58x | 3.53x | $309.20 Million |
Industry Comparison
This section compares Sunoco LP's net assets metrics with peer companies in the Oil & Gas Refining & Marketing industry.
Industry Context
- Industry: Oil & Gas Refining & Marketing
- Average net assets among peers: $5,243,466,300
- Average return on equity (ROE) among peers: -414.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sunoco LP (SUN) | $5.54 Billion | 8.76% | 2.22x | $10.02 Billion |
| ARKO Petroleum Corp. (APC) | $20.63 Billion | 11.59% | 1.55x | $249.39 Million |
| Crossamerica Partners LP (CAPL) | $14.54 Million | -24.71% | 20.71x | $809.63 Million |
| Clean Energy Fuels Corp (CLNE) | $522.85 Million | -1.89% | 0.37x | $414.02 Million |
| Cosan SA ADR (CSAN) | $28.87 Billion | 21.86% | 2.39x | $3.96 Billion |
| CVR Energy Inc (CVI) | $791.00 Million | 58.53% | 4.21x | $2.89 Billion |
| HF Sinclair Corp (DINO) | $114.30 Million | 13.30% | 2.06x | $13.13 Billion |
| Delek US Energy Inc (DK) | $1.13 Billion | -54.34% | 4.45x | $2.82 Billion |
| Delek Logistics Partners LP (DKL) | $62.04 Million | 77.09% | 3.43x | $2.74 Billion |
| Delixy Holdings Limited Ordinary Shares (DLXY) | $105.00K | -4250.48% | 236.03x | $2.70 Million |
| Icahn Enterprises LP (IEP) | $305.70 Million | 8.70% | 0.75x | $4.48 Billion |
About Sunoco LP
Sunoco LP, together with its subsidiaries, engages in the energy infrastructure and distribution of motor fuels in the United States. It operates in three segments: Fuel Distribution, Pipeline Systems, and Terminals. The Fuel Distribution segment distributes motor fuels and other petroleum products, such as propane and lubricating oil to third-party dealers and distributors, independent operators… Read more