Sunoco LP(US:SUN) Prnewswireยท2025-02-11 12:00Financial Performance - Net income for Q4 2024 was $141 million, a significant recovery from a net loss of $106 million in Q4 2023 [2][5] - 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 [2][6] - Distributable Cash Flow, as adjusted, for Q4 2024 was $261 million compared to $148 million in Q4 2023 [3][6] - For the full year 2024, net income was $874 million, compared to $394 million in 2023 [5][6] - Adjusted EBITDA for the full year 2024 was $1.46 billion, up from $964 million in 2023, including $106 million in one-time transaction-related expenses [6][11] Segment Performance - Fuel Distribution segment Adjusted EBITDA for Q4 2024 was $192 million, down from $209 million in Q4 2023, with fuel sales of approximately 2.2 billion gallons [3][28] - Pipeline Systems segment Adjusted EBITDA for Q4 2024 was $188 million, with throughput averaging approximately 1.4 million barrels per day [4][34] - Terminals segment Adjusted EBITDA for Q4 2024 was $59 million, an increase from $25 million in Q4 2023, with throughput averaging approximately 590 thousand barrels per day [5][37] Distribution and Growth Outlook - The Board declared a distribution of $0.8865 per unit for Q4 2024, with an annualized rate of $3.5460 per unit, targeting a distribution growth rate of at least 5% for 2025 [7][11] - Full-year 2025 Adjusted EBITDA is expected to be in the range of $1.90 billion to $1.95 billion [11][12] Capital Expenditures and Liquidity - Total capital expenditures in Q4 2024 were $132 million, including $74 million for growth and $58 million for maintenance [9] - As of December 31, 2024, long-term debt was approximately $7.5 billion, with $1.3 billion of liquidity remaining on its revolving credit facility [8]