Sunoco LP
SUN
ISIN US86765K1097 / Valor 25837160
Sunoco LP
UMushroom community rating:
About company
Sunoco LP is a company that focuses on fuel distribution and midstream services, having divested its retail assets and acquired key fuel and midstream companies. The company has expanded its distribution reach to the Caribbean through acquisitions, diversified its portfolio by processing transmix fuels, and significantly increased its fuel distribution and midstream services capabilities through various acquisitions of refined products terminals. Sunoco LP is now the largest transmix processor in North America and has recently acquired 16 refined product terminals across the East Coast and Midwest, adding significant storage capacity. Additionally, the company has entered into joint ventures to further enhance its presence in the fuel distribution market.
Summarized from source with an LLMView SourceSector: EnergyLatest Results (23.12.2024):
Net Income
Sunoco LP reported a significant decrease in net income for the third quarter of 2024, with earnings of $2 million compared to $272 million in the same quarter of 2023. This decline highlights a challenging period for the company in terms of profitability.
Adjusted EBITDA
For the third quarter of 2024, Sunoco LP's Adjusted EBITDA was $456 million, showing a substantial increase from $257 million in the third quarter of 2023. This figure includes approximately $14 million of one-time transaction-related expenses, indicating strong operational performance despite these additional costs.
Distributable Cash Flow
Sunoco LP's Distributable Cash Flow, as adjusted, for the third quarter of 2024 was $349 million, a significant rise from $181 million in the third quarter of 2023. This increase reflects improved cash generation capabilities for the company during this period.
Fuel Distribution Segment
The Fuel Distribution segment of Sunoco LP reported an Adjusted EBITDA of $253 million for the third quarter of 2024, up from $234 million in the same quarter of the previous year. The segment sold approximately 2.1 billion gallons of fuel, marking a 1% increase from the third quarter of 2023, with a fuel margin of 12.8 cents per gallon.
Dividends
On October 28, 2024, Sunoco LP's Board of Directors declared a distribution of $0.8756 per unit for the third quarter of 2024, equating to $3.5024 per unit on an annualized basis. This distribution is scheduled to be paid on November 19, 2024, to common unitholders of record as of November 8, 2024.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
6947 M
Market cap (USD)
76,954
Daily traded volume (Shares)
51.78 / 50.55
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
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P/E ratio
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EPS (USD)
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Ratings & reviews
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