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Sunoco LP Announces Increase in Quarterly Distribution and Targets 2025 Distribution Growth Rate of At Least 5%
Prnewswire· 2025-01-27 12:00
Core Viewpoint - Sunoco LP announced a quarterly distribution increase of 1.25% for Q4 2024, reflecting a strong financial outlook and commitment to growth [1][5]. 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 [2]. - The Partnership's midstream operations include approximately 14,000 miles of pipeline and over 100 terminals, supporting its fuel distribution operations [2]. - Sunoco LP serves around 7,400 branded locations and additional independent dealers and commercial customers [2]. Financial Performance - The declared quarterly distribution for Q4 2024 is $0.8865 per common unit, which annualizes to $3.5460 per common unit [1]. - This distribution represents the third consecutive increase in the annual distribution growth rate [5]. - The company targets a distribution growth rate of at least 5% for 2025, with future increases to be announced quarterly [5]. Tax Information - All distributions to foreign investors are subject to federal tax withholding at the highest applicable effective tax rate, as they are attributable to income effectively connected with a U.S. trade or business [4].
Here's Why Sunoco LP (SUN) Gained But Lagged the Market Today
ZACKS· 2025-01-22 00:21
Company Performance - Sunoco LP (SUN) closed at $54.73, with a slight increase of +0.26% from the previous trading session, underperforming compared to the S&P 500's gain of 0.88% [1] - The stock has risen by 6.04% over the past month, contrasting with the Oils-Energy sector's loss of 0.38% and the S&P 500's gain of 1.17% [1] Earnings Expectations - Sunoco LP is expected to report earnings on February 11, 2025, with an anticipated EPS of $2.46, representing a significant 264% increase compared to the same quarter last year [2] - The consensus estimate projects revenue of $5.74 billion, reflecting a 1.75% increase from the equivalent quarter last year [2] Analyst Estimates - Recent changes to analyst estimates for Sunoco LP indicate a positive outlook, suggesting analyst optimism regarding the company's business and profitability [3] - The Zacks Rank system, which incorporates these estimate changes, currently ranks Sunoco LP as 1 (Strong Buy), indicating strong potential for stock performance [5] Valuation Metrics - Sunoco LP has a Forward P/E ratio of 5.65, which is significantly lower than its industry's Forward P/E of 23.82, indicating a valuation discount [6] - The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry, to which Sunoco LP belongs, has a Zacks Industry Rank of 48, placing it in the top 20% of over 250 industries [6]
Earnings Estimates Rising for Sunoco LP (SUN): Will It Gain?
ZACKS· 2025-01-17 18:21
Investors might want to bet on Sunoco LP (SUN) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this master limited partnership, should get reflected in its stock price. After all, empirical research shows a strong correlation ...
Fast-paced Momentum Stock Sunoco LP (SUN) Is Still Trading at a Bargain
ZACKS· 2025-01-15 14:50
Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potenti ...
Sunoco LP Announces Fourth Quarter and Full Year 2024 Earnings Release and Call Timing
Prnewswire· 2025-01-08 17:00
DALLAS, Jan. 8, 2025 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN" or the "Partnership") announced that it will release its fourth quarter and full year 2024 financial and operating results before the market opens on Tuesday, February 11, 2025. Management will hold a conference call that same day at 9:00 a.m. Central Time (10:00 a.m. Eastern 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 Febr ...
Oversold Conditions For Sunoco
Forbes· 2024-12-23 17:34
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.Start slideshow: 10 Oversold Stocks You Should Know About »In trading on Monday, shares of Sunoco entered into oversold ...
Is It Worth Investing in Sunoco LP (SUN) Based on Wall Street's Bullish Views?
ZACKS· 2024-12-13 15:30
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Sunoco LP (SUN) .Sunoco LP currently has an average brokerage recommendati ...
Sunoco: Excess Retained Cash Flow Creates An Opportunity (Rating Upgrade)
Seeking Alpha· 2024-12-05 09:53
Sunoco LP (NYSE: SUN ) has been a modest performer over the past year, gaining just 4% and largely underperforming in what has been a strong year for the stock market. While the company has delivered solid results, concerns persist over the future paceOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, ju ...
Sunoco LP(SUN) - 2024 Q3 - Quarterly Results
2024-11-06 13:04
Exhibit 99.1 Sunoco LP Reports Third Quarter 2024 Financial and Operating Results (1) (1) (2) (1) (1) (1) (1) (2) (1) (1) (2) (1) DALLAS, November 6, 2024 - Sunoco LP (NYSE: SUN) ("SUN" or the "Partnership") today reported financial and operating results for the quarter ended September 30, 2024. Financial and Operational Highlights Net income for the third quarter of 2024 was $2 million compared to net income of $272 million in the third quarter of 2023. Adjusted EBITDA for the third quarter of 2024 was $45 ...
Sunoco LP Reports Third Quarter 2024 Financial and Operating Results
Prnewswire· 2024-11-06 12:00
DALLAS, Nov. 6, 2024 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN" or the "Partnership") today reported financial and operating results for the quarter ended September 30, 2024.Financial and Operational HighlightsNet income for the third quarter of 2024 was $2 million compared to net income of $272 million in the third quarter of 2023.Adjusted EBITDA(1) for the third quarter of 2024 was $456 million compared to $257 million in the third quarter of 2023. Adjusted EBITDA(1) for the third quarter of 2024 includ ...