v3.26.1
Investment in Unconsolidated Affiliates
6 Months Ended
Jun. 30, 2026
Equity Method Investments and Joint Ventures [Abstract]  
Investments in and Advances to Affiliates, Schedule of Investments Investments in Unconsolidated Affiliates
Description of Investments
The following is a summary of the Partnership’s significant unconsolidated investments:
J.C. Nolan
Sunoco owns a 50% interest in J.C. Nolan, which provides diesel fuel storage in Midland, Texas with storage capacity of 130,000 barrels and transports diesel fuel from a tank farm in Hebert, Texas to Midland, Texas on a 500-mile pipeline with a throughput capacity of approximately 36 thousand barrels per day.
ET-S Permian
Sunoco owns a 32.5% interest in ET-S Permian, which operates more than 5,000 miles of crude oil and water gathering pipelines with crude oil storage capacity in excess of 11 million barrels.
SARA
Sunoco owns a 29% interest in SARA, which is a refinery based in Martinique with operations to sell refined crude oil in Guadeloupe, French Guiana and Martinique.
Isla
Sunoco owns a 50% interest in Isla, which is comprised of over 200 retail locations alongside an integrated commercial and aviation business in the Dominican Republic.
Summary of Balances Related to Unconsolidated Affiliates
The carrying values of the Partnership’s investments in unconsolidated affiliates as of June 30, 2026 and December 31, 2025 were as follows:
June 30,
2026
December 31,
2025
J.C. Nolan$117 $121 
ET-S Permian1,151 1,161 
SARA132 141 
Isla179 171 
Other31 30 
$1,610 $1,624 
The following table presents equity in earnings (losses) of unconsolidated affiliates:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
J.C. Nolan$$$$
ET-S Permian42 30 79 60 
SARA— — 
Isla— — 
Other— — (1)— 
$47 $31 $89 $63 
The following tables present selected balance sheet and income statement data for ET-S Permian (on a 100% basis):
June 30,
2026
December 31,
2025
Current assets
$134 $122 
Property, plant and equipment, net3,335 3,333 
Other assets356 308 
Total assets$3,825 $3,763 
Current liabilities$247 $159 
Non-current liabilities36 31 
Equity3,542 3,573 
Total liabilities and equity$3,825 $3,763 
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Revenues (1)
$9,051 $5,632 $16,189 $9,092 
Operating income131 97 245 189 
Net income130 93 244 185 
(1)