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Sunoco LP (SUN) Ascends But Remains Behind Market: Some Facts to Note
ZACKS· 2024-09-13 23:06
Sunoco LP (SUN) closed at $53.50 in the latest trading session, marking a +0.36% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.54%. Elsewhere, the Dow gained 0.72%, while the tech-heavy Nasdaq added 0.65%. Heading into today, shares of the master limited partnership had gained 2.32% over the past month, outpacing the Oils-Energy sector's loss of 3.91% and lagging the S&P 500's gain of 4.86% in that time. The investment community will be closely monitoring the perfor ...
Zacks Industry Outlook Targa, Sunoco and CrossAmerica Partners
ZACKS· 2024-09-09 09:15
For Immediate Release Chicago, IL – September 9, 2024 – Today, Zacks Equity Research discusses, Targa Resources (TRGP) , Sunoco LP (SUN) and CrossAmerica Partners LP (CAPL) . Industry: Refining and Marketing - MLP Link: https://www.zacks.com/commentary/2332556/watch-for-these-3-refining-marketing-mlp-stocks-trgp-suncapl In recent quarters, fuel margins for companies in the Zacks Oil and Gas - Refining & Marketing MLP industry have declined, falling significantly below the peak levels seen in 2022. Although ...
Why Is Sunoco LP (SUN) Down 0.8% Since Last Earnings Report?
ZACKS· 2024-09-06 16:37
It has been about a month since the last earnings report for Sunoco LP (SUN) . Shares have lost about 0.8% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Sunoco LP due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Sunoco Q2 Earnings Beat Estimates Sunoco LP report ...
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 ...