Group 1: Earnings Estimates - The Zacks Consensus Estimate for 2024 and 2025 earnings per unit for a partnership is $5.15 and $4.48, respectively, with upward earnings estimate revisions for 2025 in the past seven days [1] Group 2: Company Overview - Sunoco - Sunoco is a leading wholesale motor fuel distributor in the U.S., with a distribution network across 40 states and long-term contracts servicing over 10,000 convenience stores [2] - The company distributes over 10 fuel brands, ensuring a stable revenue stream and currently holds a Value Score of A [2] Group 3: Collaboration in Sustainable Packaging - Eni SpA's chemical subsidiary, Versalis, partnered with Crocco to produce innovative food packaging film from recycled materials, targeting large-scale retail markets [3] - The new packaging is designed for food contact and maintains essential technical performance and health properties, aligning with circular economy principles [4] - This collaboration aims to reduce reliance on virgin resources through chemical recycling, ensuring compliance with stringent purity and safety standards for food applications [4] Group 4: Leadership Insights - Adriano Alfani, CEO of Versalis, emphasized the importance of circularity in the company's strategy and the role of collaborations in driving innovation [5] - Renato Zelcher, CEO of Crocco, highlighted the significance of this innovation in expanding the circular economy within the food industry [6] Group 5: Industry Positioning - The collaboration between Versalis and Crocco sets a new standard for resource efficiency and sustainability in the food packaging sector [7] Group 6: Zacks Rank & Key Picks - Eni SpA currently holds a Zacks Rank 3 (Hold), while Archrock and SM Energy have a Zacks Rank 1 (Strong Buy) and Sunoco has a Zacks Rank 2 (Buy) [8] - Archrock focuses on midstream natural gas compression with a 2024 EPS estimate of $1.07 and has seen upward earnings estimate revisions [9] - SM Energy is expanding its oil operations, particularly in the Permian Basin and Eagle Ford regions, with a 2024 EPS estimate of $6.63 and upward earnings estimate revisions [10]
Eni's (E) Versalis and Crocco Team Up for Eco-Friendly Packaging