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This statistic highlights Sunoco LP’s Revenue by Segment, split across Lease income, Motor fuel sales, and Non-motor fuel sales, reported on a quarterly basis from Q1 2016 onwards.
The company’s financial statements show two reportable segments-Fuel Distribution & Marketing, and All other. The Fuel distribution and Marketing segment purchases motor fuel from independent refiners and major oil companies and supplies it to independently operated dealer stations under long-term supply agreements, distributors, and other consumers of motor fuels. It also includes motor fuel sales to commission agents. The company distributes motor fuels across more than 30 states. The All other segment earns its revenue from the following channels: Motor Fuel sales, Non- motor fuel sales, and lease income. Post retail divestment and the conversion of 207 retail sites to commission agent sites, the partnership renamed the former Wholesale segment to fuel distribution and marketing, and the formerly known retail segment to all others.
|Revenue by Segment||Q3 2020||Q2 2021||Q3 2021||Contribution in Q3 2021|
|Motor fuel sales||$2.71||$4.29||$4.67||97.64%|
|Non motor fuel sales||$0.06||$0.07||$0.08||1.65%|
(All figures in billions, except percentages)
In Q3 2021, the total revenue collected by the company from all the segments in total was $4.78 billion. In Q3 2021, the total revenue grew by 8.95% on a quarter-on-quarter basis, from the previous quarter of Q2 2021. In Q2 2021, the company’s financials reflected a revenue collection of $4.39 billion. Checking the growth on a year-on-year basis, the company’s revenue showed a growth of 70.58% from $2.80 billion in Q3 2020 to $4.78 billion in Q3 2021. The largest contributor of revenue for the company is its Motor fuel sales segment, followed by Non motor fuel sales segment. The Lease income segment contributes the least revenue, only about 0.71%.
Sunoco LP’s total revenue can be further bifurcated into the following segments:
In Q3 2021, the lease income segment collected $0.03 billion. This constituted 0.71% of the total revenue earned by all the segments by the company in Q3 2021. This segment has been performing consistently in revenue generation. In Q2 2021, the segment’s revenue collection was $0.03 billion. Hence, from Q2 2021 to Q3 2021, there was no change in the revenue collection. In Q3 2020, again the revenue collection stood at $0.03 billion. Hence, both, on a year-on-year basis and a quarter-on-quarter basis, the segment reported no change.
Motor fuel sales
By the end of Q3 2021, the motor fuel segment collected $4.67 billion in revenue. This constituted 97.64% of the total revenue earned by all the segments in total in Q3 2021. This makes it the highest revenue-generating segment. In Q3 2021, this segment saw a growth of 8.86% on a quarter-on-quarter basis, from the previous quarter of Q2 2021, where the segment collected $4.29 billion in revenue. Observing the growth on a year-on-year basis, the segment reflected a significant growth of 72.32% from Q3 2020 to Q3 2021. In Q3 2020, the segment generated $2.71 billion in revenue.
Non-Motor fuel sales
In Q3 2021, the revenue generated from this segment was $0.08 billion. This constituted 1.65% of the total revenue earned by the company from all the segments. On a quarter-on-quarter basis, the revenue from this segment has grown by 19.70%, from Q2 2021 to Q3 2021. In Q2 2021, the segment collected $0.07 billion in revenue. Taking a note of growth on a year-on-year basis, the segment grew by 31.67% from Q3 2020 to Q3 2021. In Q3 2020, the segment’s revenue stood at the figure of $0.06 billion.
Sunoco LP is founded by Joseph Newton Pew and Edward O. Emerson in Pittsburgh, PA in the year 1886. In 1920, the company opened its first-ever service station in Ardmore, PA. Sunoco LP is primarily engaged in the activity of distributing motor fuels to a variety of customers including distributors, independent dealers, and other commercial customers. This also includes the distribution of motor fuels to end customers through retail sites operated by the commission agents. Along with this, Sunoco LP receives lease income through the leasing or subleasing of real estate to the individuals who are into the distribution of motor fuels. As of December 31, 2020, the company operated 78 retail stores located in Hawaii and New Jersey. In the year 1925, the company went public on the New York Stock Exchange (NYSE) under the ticker symbol “SUN”.
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