Sunoco LP(SUN)

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Sunoco LP Announces a 1.25% Increase in Quarterly Distribution and Continues to Target 2025 Distribution Growth Rate of At Least 5%
Prnewswire· 2025-04-23 20:15
DALLAS, April 23, 2025 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN" or the "Partnership") announced that the Board of Directors of SUN's general partner declared a distribution of $0.8976 per common unit, or $3.5904 on an annualized basis, for the quarter ended March 31, 2025. This represents an increase of approximately 1.25%, or $0.0111 per common unit, as compared with the quarter ended December 31, 2024.This is the second consecutive quarterly increase in SUN's distribution and is consistent with SUN's ...
Sunoco LP Announces First Quarter 2025 Earnings Release and Call Timing
Prnewswire· 2025-04-03 20:34
DALLAS, April 3, 2025 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN" or the "Partnership") announced that it will release its first quarter 2025 financial and operating results before the market opens on Tuesday, May 6, 2025. Management will hold a conference call that same day at 9:00 a.m. Central Daylight Time (10:00 a.m. Eastern Daylight Time) to discuss SUN's results. By Phone: Dial 877-407-6184 (toll free) or 201-389-0877 at least 10 minutes before the call. A replay will be available through May 13, ...
Sunoco LP (SUN) Registers a Bigger Fall Than the Market: Important Facts to Note
ZACKS· 2025-03-20 23:20
In the latest market close, Sunoco LP (SUN) reached $57.86, with a -1.13% movement compared to the previous day. This change lagged the S&P 500's 0.22% loss on the day. At the same time, the Dow lost 0.03%, and the tech-heavy Nasdaq lost 0.33%.Heading into today, shares of the master limited partnership had gained 0.38% over the past month, outpacing the Oils-Energy sector's loss of 1.22% and the S&P 500's loss of 7.48% in that time.Analysts and investors alike will be keeping a close eye on the performance ...
Sunoco LP Announces Pricing of Upsized Private Offering of Senior Notes
Prnewswire· 2025-03-20 20:34
DALLAS, March 20, 2025 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("Sunoco" or the "Partnership") today announced that it has priced at 100% a private offering (the "offering") of 6.250% senior notes due 2033 in an aggregate principal amount of $1 billion (the "notes"). This offering was upsized from an initial offering size of $750 million aggregate principal amount. The sale of the notes is expected to settle on March 31, 2025, subject to the satisfaction of customary closing conditions.Sunoco intends to use t ...
Sunoco LP(SUN) - 2024 Q4 - Annual Results
2025-03-20 12:06
Financial Performance - Net income for Q4 2024 was $141 million, a significant improvement from a net loss of $106 million in Q4 2023[3] - Adjusted EBITDA for Q4 2024 reached $439 million, up from $236 million in Q4 2023, including approximately $7 million in one-time transaction-related expenses[3] - For the full year 2024, net income was $874 million, compared to $394 million in 2023[4] - Adjusted EBITDA for the full year 2024 was $1.46 billion, an increase from $964 million in 2023, including $106 million in one-time transaction-related expenses[4] - Distributable Cash Flow, as adjusted, for Q4 2024 was $261 million, compared to $148 million in Q4 2023[3] - Distributable Cash Flow for the year ended December 31, 2024 was $946 million, compared to $658 million for the year ended December 31, 2023, marking a 44% increase[18] Segment Performance - Fuel Distribution segment profit increased to $302 million in Q4 2024 from $130 million in Q4 2023, reflecting a substantial growth[25] - Pipeline Systems segment profit rose to $203 million in Q4 2024 from $1 million in Q4 2023, driven by increased throughput[27] - Terminals segment profit increased to $120 million in Q4 2024 from $18 million in Q4 2023, attributed to recent acquisitions[30] Distribution and Capital Expenditures - The Board declared a distribution of $0.8865 per unit for Q4 2024, with an annualized distribution of $3.5460 per unit[4] - Total distributions to partners increased to $158 million in Q4 2024 from $90 million in Q4 2023, showing a 75% increase[18] - Total capital expenditures in Q4 2024 were $132 million, including $74 million for growth capital[6] Debt and Leverage - At the end of Q4 2024, long-term debt was approximately $7.5 billion, with a leverage ratio of net debt to Adjusted EBITDA of 4.1 times[6] Future Outlook - The partnership targets a distribution growth rate of at least 5% for 2025 and expects full-year 2025 Adjusted EBITDA to be in the range of $1.90 billion to $1.95 billion[5][11] Operational Metrics - The partnership sold approximately 8.6 billion gallons of fuel in 2024, with Q4 fuel margin at 10.6 cents per gallon[5] - Motor fuel gallons sold decreased to 2,151 million in Q4 2024 from 2,195 million in Q4 2023, a decline of 2%[26] - Pipeline throughput for Q4 2024 was 1,395 thousand barrels per day, compared to no throughput reported in Q4 2023[27] - Adjusted EBITDA related to unconsolidated affiliates was $48 million in Q4 2024, up from $2 million in Q4 2023[18]
Sunoco LP Announces Private Offering of Senior Notes
Prnewswire· 2025-03-20 11:55
DALLAS, March 20, 2025 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("Sunoco" or the "Partnership") today announced a private offering (the "offering") of senior notes due 2033 in an aggregate principal amount of $750 million (the "notes").Sunoco intends to use the net proceeds from the offering to repay indebtedness, including by redeeming in full NuStar Logistics, L.P.'s 5.750% senior notes due 2025 (the "NuStar 2025 Notes") and repaying a portion of the outstanding borrowings under Sunoco's revolving credit fac ...
Sunoco LP (SUN) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2025-03-07 20:30
Core Insights - Sunoco LP reported revenue of $5.27 billion for the quarter ended December 2024, a decrease of 6.6% year-over-year [1] - The earnings per share (EPS) was $0.75, a significant improvement from -$1.50 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate of $5.74 billion by 8.20%, and the EPS was 68.49% below the consensus estimate of $2.38 [1] Financial Performance Metrics - Motor fuel gallons sold were 2,151 million gallons, slightly below the two-analyst average estimate of 2,169.33 million gallons [4] - Segment Adjusted EBITDA for Fuel Distribution was $192 million, significantly lower than the average estimate of $291.33 million [4] - Segment Adjusted EBITDA for Terminals was $59 million, in line with the average estimate of $58.92 million [4] - Segment Adjusted EBITDA for Pipeline Systems was $188 million, exceeding the average estimate of $115.52 million [4] Stock Performance - Over the past month, shares of Sunoco LP returned -1.7%, compared to a -5.6% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]
Sunoco: Have Your Growth, And Income Too
Seeking Alpha· 2025-02-17 13:30
Group 1 - iREIT+HOYA Capital focuses on income-producing asset classes that provide sustainable portfolio income, diversification, and inflation hedging [1] - Energy stocks are highlighted as beneficial for portfolio income and growth, with the oil and gas sector expected to remain robust due to ample supply from new exploration [2] Group 2 - The article emphasizes the importance of performing due diligence and drawing personal conclusions before making investment decisions [4] - Seeking Alpha clarifies that past performance does not guarantee future results and that no specific investment recommendations are provided [5]
Sunoco LP Files 2024 Annual Report on Form 10-K
Prnewswire· 2025-02-14 19:19
Core Insights - Sunoco LP filed its operational and financial results for the fiscal year ended December 31, 2024, on February 14, 2025, with the U.S. Securities and Exchange Commission [1] - The Annual Report on Form 10-K is accessible on the Partnership's website and the SEC's website [1] Company Overview - Sunoco LP is a leading energy infrastructure and fuel distribution master limited partnership operating in over 40 U.S. states, Puerto Rico, Europe, and Mexico [3] - The Partnership's midstream operations include approximately 14,000 miles of pipeline and over 100 terminals, supporting its fuel distribution operations [3] - Sunoco LP serves approximately 7,400 Sunoco and partner branded locations, along with additional independent dealers and commercial customers [3] - The general partner of Sunoco LP is owned by Energy Transfer LP [3]
Sunoco LP(SUN) - 2024 Q4 - Annual Report
2025-02-14 18:59
Table of Contents Index to Financial Statements UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, 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, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 00 ...