SunocoCorp LLC 2025年度报告

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549_______________________________________________ FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2025or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 SUNOCOCORP LLC (Exact name of registrant as specified in its charter)_______________________________________________ 85-0470977 (I.R.S. Employer Identification Number) 8111 Westchester Drive, Suite 400, Dallas, Texas 75225(Address of principal executive offices, including zip code)Registrant’s telephone number, including area code:(214) 981-0700Securities registered pursuant to Section12(b) of the Act: Name of each exchange on which registered Trading Symbol(s)SUNC New York Stock Exchange Common Units Representing Limited Liability CompanyInterests Securities registered pursuant to Section12(g) of the Act:NONE Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☐NoIndicate by check mark if the registrant is not required to file reports pursuant to Section13 or Section15(d) of the Act. Yes☐NoIndicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filing requirements for the past 90days. YesNo☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Registration S-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). YesNo☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerginggrowth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of theExchange Act. Large accelerated filer☐ Non-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control overfinancial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect thecorrection of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of theregistrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No The registrant was not a public company as of June 30, 2025 and, therefore, cannot calculate the aggregate market value of its voting and non-voting common equityheld by non-affiliates as of such date. The registrant had 51,517,198 common units outstanding as of February13, 2026. Documents Incorporated by Reference: None Table of ContentsIndex to Financial Statements SUNOCOCORP LLCANNUAL REPORT ON FORM 10-KTABLE OF CONTENTS PART IItem 1. Business5Item 1A. Risk Factors21Item 1B. Unresolved Staff Comments50Item 1C. Cybersecurity50Item 2. Properties52Item 3. Legal Proceedings52Item 4. Mine Safety Disclosures52PART IIItem 5. Market for Registrant's Common Equity, Related Unitholder Matters and Issuer Purchases of Equity Securities53Item 6. [Reserved]53Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations53Item 7A. Quantitative and Qualitative Disclosures About Market Risk72Item 8. Financial Statements and Supplementary Data73Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure73Item 9A. Controls and Procedures73Item 9B. Other Information76Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections76PART IIIItem 10. Directors, Executive Officers and Corporate Governance76Item 11. Executive Compensation81Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Unitholder Matters94Item 13. Certain Relationships and Related Transactions, a