SUN (Sunoco LP) Debt-to-Equity: 1.85 (As of Mar. 2026) — 44% Below Median

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SUN Sunoco LP SUN
80 GF Score
Price $73.64
GF Value $52.39
Valuation Significantly Overvalued
! 12 Warning Signs
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What is Sunoco LP Debt-to-Equity?

Sunoco LP SUN -0.94% 80 Debt-to-Equity is 1.85 as of Mar. 2026, which is 44% below its 10-year median of 3.31. GuruFocus rates SUN with a GF Score™ of 80/100 and a GF Value™ of $52.39 (Significantly Overvalued). The stock has 12 warning signs investors should review. Among 798 Oil & Gas companies, Sunoco LP ranks worse than 86.47% on this metric.

Sunoco LP's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $184 Mil. Sunoco LP's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $15,231 Mil. Sunoco LP's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $8,347 Mil. Sunoco LP's debt to equity for the quarter that ended in Mar. 2026 was 1.85.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Sunoco LP's Debt-to-Equity or its related term are showing as below:

SUN' s Debt-to-Equity Range Over the Past 10 Years
Min: -221.98   Med: 3.31   Max: 5.81
Current: 1.85

During the past 13 years, the highest Debt-to-Equity Ratio of Sunoco LP was 5.81. The lowest was -221.98. And the median was 3.31.

SUN's Debt-to-Equity is ranked worse than
86.47% of 798 companies
in the Oil & Gas industry
Industry Median: 0.46 vs SUN: 1.85

Sunoco LP  (NYSE:SUN) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Sunoco LP Debt-to-Equity Related Terms


Sunoco LP Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Sunoco LP's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Sunoco LP Debt-to-Equity Chart

Sunoco LP Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.68 4.37 4.21 1.97 1.86

Sunoco LP Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.04 1.82 1.86 1.85 1.78

SUN vs DINO, PBF, IEP: Debt-to-Equity Comparison

For the Oil & Gas Refining & Marketing subindustry, Sunoco LP's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sunoco LP Debt-to-Equity vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Sunoco LP's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sunoco LP's Debt-to-Equity falls into.


SUN
80GF Score
Sunoco LP SUN
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sunoco LP Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sunoco LP's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Sunoco LP's Debt to Equity Ratio for the quarter that ended in Mar. 2026 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 1.85 mean?
Sunoco LP (SUN) has a Debt-to-Equity of 1.85 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Sunoco LP and its competitors. This is 44% below median its historical median of 3.31. According to the industry distribution chart, Sunoco LP ranks #690 out of 798 companies in the Oil & Gas industry, placing it in the top 86.5%.
Is Sunoco LP's Debt-to-Equity too high?
Sunoco LP's current Debt-to-Equity of 1.85 is 44% below median its 10-year median of 3.31. The Oil & Gas industry median Debt-to-Equity is 0.46. Sunoco LP's value of 1.85 is 302.2% above this industry median. Based on the distribution chart, Sunoco LP ranks #690 out of 798 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Sunoco LP has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sunoco LP's Debt-to-Equity compare to DINO and PBF?
According to the Oil & Gas industry distribution chart, Sunoco LP ranks #690 out of 798 companies for Debt-to-Equity. This places Sunoco LP in the lower half of its industry. The industry median Debt-to-Equity is 0.46. Sunoco LP's value of 1.85 is 302.2% above this benchmark. While the company's 10-year median is 3.31 vs. the industry median of 0.46, Sunoco LP has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.46, based on 798 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sunoco LP's current Debt-to-Equity of 1.85 is 302.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Sunoco LP and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sunoco LP's current Debt-to-Equity is 1.85, which is 44% below median its own 10-year median of 3.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sunoco LP stock overvalued right now?
Based on GuruFocus' analysis, Sunoco LP (SUN) is currently considered Significantly Overvalued. The stock's GF Value™ is $52.39, compared to a current price of $73.64 — trading 40.6% above its estimated fair value. The current Debt-to-Equity is 1.85, which is 44% below median its 10-year median of 3.31 and 302.2% above the Oil & Gas industry median of 0.46. Sunoco LP's overall GF Score™ is 80/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Sunoco LP (SUN), the current Debt-to-Equity is 1.85 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Sunoco LP (SUN) Overvalued in 2026?

Based on GuruFocus' analysis, Sunoco LP stock appears to be overvalued. The current stock price of $73.64 is trading 40.6% above its estimated GF Value™ of $52.39. GuruFocus considers Sunoco LP to be Significantly Overvalued.

Key valuation signals for SUN:

  • Debt-to-Equity: 1.85 (44% below median its 10-year median of 3.31)
  • GF Value™: $52.39 vs. price of $73.64 (40.6% above fair value)
  • GF Score™: 80/100 with 12 warning signs
  • Industry Position: 302.2% above the Oil & Gas median (#690 of 798)

No single metric tells the full story. See the SUN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sunoco LP Business Description

Industry EnergyOil & Gas
Address 8111 Westchester Drive, Suite 400, Dallas, TX, USA, 75225
Sunoco LP is a Delaware limited partnership formed in June 2012 by Susser Holdings Corporation or SUSS. In September 2012, the Company completed its initial public offering. The Company, along with its wholly owned subsidiary, is an independent motor fuel distributor by gallons in Texas, and among the distributors of Valero and Chevron branded motor fuel in the United States. The Company also receives rental income from real estate that it leases or subleases. SUSS operated approximately 580 retail convenience stores under its proprietary Stripes convenience store brand at year-end, mainly in growing Texas markets. Stripes is an independent chain of convenience stores in Texas based on store count and retail motor fuel volumes sold. Its business is integral to the success of SUSS' retail operations, and SUSS purchases substantially all of its motor fuel from the Company. In addition to distributing motor fuel, it also distributes other petroleum products such as propane and lube oil, and receives rental income from real estate that it leases or subleases. The Company purchases motor fuel mainly from independent refiners and oil companies and distributes it throughout Texas and in Louisiana, New Mexico and Oklahoma. The Company competes mainly with other independent motor fuel distributors. The Company is subject to various federal, state and local environmental laws and regulations, including those relating to underground storage tanks; the release or discharge of hazardous materials into the air, water and soil; the generation, storage, handling, use, transportation and disposal of regulated materials; the exposure of persons to regulated materials; and the remediation of contaminated soil and groundwater.
80GF Score

Get the complete analysis for SUN

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$73.64
Price
$52.39
GF Value