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Sunoco LP (SUN)
NYSE:SUN
Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.45Last Year’s EPS
-1.35Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: 7.20%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Positive
The earnings call presented a strong financial performance with record adjusted EBITDA and distributable cash flow. Successful acquisitions and integrations are expected to deliver significant synergies. While there were some volume decreases and maintenance impacts, the overall outlook remains highly positive, with confidence in continued growth and strong performance across all segments.Company Guidance
During Sunoco LP's third quarter 2024 earnings call, the company provided detailed guidance affirming their strong financial and operational performance. They reported a record third quarter adjusted EBITDA of $470 million, excluding $14 million of one-time transaction expenses. Distributable cash flow as adjusted was $349 million, resulting in a coverage ratio of 2.3x for the current quarter and 1.9x for the trailing 12 months. Sunoco declared a distribution of $0.8756 per unit, consistent with the previous quarter. Their liquidity remained robust with $1.4 billion available on the revolving credit facility, and their leverage ratio was aligned with their long-term target at 4x. The company expressed confidence in meeting their 2024 EBITDA guidance and highlighted ongoing growth opportunities, including the successful integration of the NuStar acquisition, which is expected to deliver $125 million in synergies by 2025 and $200 million by 2026. Looking forward, Sunoco anticipates continued strong performance across all business segments, with plans to increase distributions and maintain favorable leverage and coverage ratios.Record Third Quarter Adjusted EBITDA
Sunoco LP delivered a record third quarter adjusted EBITDA of $470 million, excluding onetime transaction expenses.
Strong Distributable Cash Flow
The third quarter distributable cash flow as adjusted was $349 million, with a coverage ratio of 2.3x for the quarter and 1.9x for the trailing 12 months.
Successful Acquisition and Integration
The acquisition of a liquid fuels terminal in Portland and the successful integration of NuStar assets led to significant synergies, with expectations of delivering $125 million of synergies in 2025 and $200 million in 2026.
Strong Pipeline and Terminals Performance
Pipeline Systems segment reported an adjusted EBITDA of $147 million, and Terminals segment reported $70 million, both showing strong performance and growth.
Growth in Fuel Distribution Segment
Fuel Distribution segment had an adjusted EBITDA of $253 million, up 8% from the third quarter of last year, with an increase in margin per gallon.
Positive Outlook for 2025
Sunoco expects to deliver another record year in 2025 with continued growth across all business segments.
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SUN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SUN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $52.39 | $53.47 | +2.06% |
| Aug 07, 2024 | $51.85 | $51.97 | +0.23% |
| May 08, 2024 | $52.93 | $54.30 | +2.59% |
| Feb 14, 2024 | $57.61 | $58.22 | +1.06% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Sunoco LP (SUN) report earnings?
Sunoco LP (SUN) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is Sunoco LP (SUN) earnings time?
Sunoco LP (SUN) earnings time is at Feb 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SUN EPS forecast?
SUN EPS forecast for the fiscal quarter 2024 (Q4) is 1.45.
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