Sunoco LP(SUN)
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Sunoco Shares Gain 29% in a Year: How Should You Play the Stock?
ZACKS· 2024-08-26 19:45
Sunoco LP (SUN) units have gained 29.3% over the past year, which, though encouraging, lags the 58.1% growth of the broader industry. Sunoco's business model is stable and resilient, underpinned by its operation of one of the largest fuel distribution networks in the United States. This strength is evident in its price performance. However, the company's significant reliance on debt capital may have hindered its stock price movement, resulting in its underperformance relative to its industry peers. One-Year ...
Sunoco (SUN) Q2 Earnings and Revenues Outpace Estimates
ZACKS· 2024-08-09 15:06
Sunoco LP (SUN) reported second-quarter 2024 earnings per share (EPS) of $3.85, which beat the Zacks Consensus Estimate of $1.79. The bottom line also increased from the year-ago quarter's level of $0.78. Total quarterly revenues of $6.17 billion beat the Zacks Consensus Estimate of $5.49 billion. The top line increased from $5.75 billion reported a year ago. The strong quarterly results were largely driven by higher contributions across all segments and a boost in fuel sales, which were further enhanced by ...
Sunoco LP(SUN) - 2024 Q2 - Quarterly Report
2024-08-08 15:59
Table of Contents or UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended: June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-35653 SUNOCO LP (Exact name of registrant as specified in its charter) Delaware 30-0740483 (State or other jurisdiction of incorporation or organization) ...
Sunoco LP(SUN) - 2024 Q2 - Quarterly Results
2024-08-07 11:36
Exhibit 99.1 News Release Sunoco LP Reports Record Second Quarter 2024 Financial and Operating Results (1) (2) (1)(3) (2) (1) (1) (2) (1) • Reports record second quarter net income of $501 million and Adjusted EBITDA , excluding transaction-related expenses , of $400 million • Completes the acquisition of NuStar Energy L.P. on May 3, 2024 and the divestiture of 204 convenience stores to 7-Eleven, Inc. on April 16, 2024; results for the second quarter of 2024 reflect the impact of these two transactions • Re ...
The Zacks Analyst Blog Sunoco, Western Midstream Partners and Energy Transfer
ZACKS· 2024-08-07 10:32
For Immediate Releases Chicago, IL – August 7, 2024 – Zacks.com announces the list of stocks and ETF featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Sunoco LP (SUN) , Western Midstream Partners LP (WES) and Energy Transfer LP (ET) . Here are highlights from Wednesday's Analyst Blog: Is Sunoco ( SUN Quick Quote - Free Report) Stock a Smart Buy Before Q2 Earni ...
Is Sunoco (SUN) Stock a Smart Buy Before Q2 Earnings Release?
ZACKS· 2024-08-06 14:45
Sunoco LP (SUN) is set to report second-quarter 2024 results on Aug 7, 2024, before the opening bell. The Zacks Consensus Estimate for second-quarter earnings is pegged at $1.79 per share, implying a surge of almost 130% from the year-ago reported number. The estimate was revised downward by one analyst in the past 30 days against no upward movement. The Zacks Consensus Estimate for quarterly revenues is currently pegged at $5.5 billion, suggesting a 4.4% decline from the year-ago reported number. Image Sou ...
Sunoco LP (SUN) Advances While Market Declines: Some Information for Investors
ZACKS· 2024-08-01 23:00
Sunoco LP (SUN) closed the latest trading day at $55.22, indicating a +0.55% change from the previous session's end. The stock's change was more than the S&P 500's daily loss of 1.37%. Elsewhere, the Dow lost 1.21%, while the tech-heavy Nasdaq lost 2.3%. The master limited partnership's shares have seen a decrease of 2.28% over the last month, surpassing the OilsEnergy sector's loss of 9.26% and falling behind the S&P 500's gain of 1.11%. Investors will be eagerly watching for the performance of Sunoco LP i ...
Sunoco LP (SUN) Rises Yet Lags Behind Market: Some Facts Worth Knowing
ZACKS· 2024-07-26 23:05
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions. Sunoco LP (SUN) closed the most recent trading day at $54.83, moving +0.59% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 1.11%. Meanwhile, the Dow gained 1.64%, and the Nasdaq, a tech-heavy index, added 1.03%. Analysts and investors alike will be keeping a close eye on the performance of Sunoco LP in its upcoming earnings disclosure ...
Sunoco LP Maintains Quarterly Distribution
Prnewswire· 2024-07-25 20:15
DALLAS, July 25, 2024 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN") announced that the Board of Directors of its general partner declared a quarterly distribution for the second quarter of 2024 of $0.8756 per common unit or $3.5024 per common unit on an annualized basis. The distribution will be paid on August 19, 2024 to common unitholders of record on August 9, 2024. About Sunoco LP Sunoco LP (NYSE: SUN) is a leading energy infrastructure and fuel distribution master limited partnership operating in over ...
Is Sunoco (SUN) a Buy Post Strategic Permian Basin JV?
ZACKS· 2024-07-24 14:16
Last week, Sunoco LP (SUN) entered into a joint venture (JV) with Energy Transfer LP (ET) to consolidate their crude oil and produced water-gathering assets in the Permian, the most prolific basin in the United States. The JV, effective as of Jul 1, 2024, will immediately enhance the distributable cash flow per unit. This development is coupled with SUN's stable business model and predictable fee-based cash flows, which suggests a promising outlook for the master limited partnership. The critical question n ...