In the latest trading session, Sunoco LP (SUN) closed at $66.89, marking a +1.35% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.49%. Elsewhere, the Dow lost 0.05%, while the tech-heavy Nasdaq lost 0.9%.

Shares of the master limited partnership witnessed a loss of 0.48% over the previous month, beating the performance of the Oils-Energy sector with its loss of 4.6%, and underperforming the S&P 500's gain of 12.8%.

Investors will be eagerly watching for the performance of Sunoco LP in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on May 5, 2026. The company is predicted to post an EPS of $1.71, indicating a 41.32% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $9.56 billion, up 84.51% from the year-ago period.

For the full year, the Zacks Consensus Estimates are projecting earnings of $7.83 per share and revenue of $40.93 billion, which would represent changes of +243.42% and +62.43%, respectively, from the prior year.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Sunoco LP. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.63% decrease. Sunoco LP currently has a Zacks Rank of #3 (Hold).

Valuation is also important, so investors should note that Sunoco LP has a Forward P/E ratio of 8.43 right now. This denotes a discount relative to the industry average Forward P/E of 14.46.

The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 21, this industry ranks in the top 9% of all industries, numbering over 250.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.