Sunoco Earnings Reports

Sunoco LP reported a strong Q4 2024 with net income of $141 million, a significant improvement from a net loss of $106 million in Q4 2023. Revenue totaled $5.27 billion, while adjusted EBITDA reached $439 million, up from $236 million in the prior year. Fuel volume stood at 2.2 billion gallons, and fuel margin was 10.6 cents per gallon.

Sunoco LP reported a net income of $2 million for Q3 2024, a significant decrease compared to the $272 million in Q3 2023. Adjusted EBITDA for the same period was $456 million, up from $257 million in the previous year. Distributable Cash Flow, as adjusted, reached $349 million, compared to $181 million in Q3 2023. The Fuel Distribution segment saw an increase in Adjusted EBITDA to $253 million, with fuel sales volumes increasing by 1% to approximately 2.1 billion gallons. The Board of Directors declared a distribution of $0.8756 per unit for Q3 2024.

Sunoco LP reported a record second quarter with net income of $501 million. The quarter was marked by the completion of the NuStar Energy L.P. acquisition and the divestiture of convenience stores to 7-Eleven, Inc. The company reaffirms its full-year Adjusted EBITDA guidance and is increasing synergy targets from the NuStar acquisition.

Sunoco LP reported a record first quarter with a net income of $230 million and Adjusted EBITDA of $242 million. The company increased its full-year 2024 Adjusted EBITDA guidance to $1.46 billion to $1.52 billion, including the acquisition of NuStar Energy L.P., and also increased its quarterly distribution by 4%.

Sunoco LP reported a net loss of $106 million for the fourth quarter of 2023, compared to a net income of $55 million in the fourth quarter of 2022. Adjusted EBITDA for the fourth quarter of 2023 was $236 million, slightly lower than the $238 million in the same period of the previous year. The Partnership sold over 2.2 billion gallons of fuel, an 11% increase from the previous year.

Sunoco LP reported a net income of $272 million for the third quarter of 2023. The Partnership sold approximately 2.1 billion gallons of fuel, a 7% increase compared to the third quarter of 2022. They also increased full-year 2023 Adjusted EBITDA guidance to be above $935 million.

Sunoco LP reported net income of $87 million for the quarter ended June 30, 2023, compared to $121 million in the second quarter of 2022. Adjusted EBITDA for the second quarter of 2023 was $250 million, compared to $214 million in the second quarter of 2022. The Partnership sold approximately 2.1 billion gallons of fuel in the second quarter of 2023, up 5% versus the second quarter of 2022.

Sunoco LP reported a net income of $141 million for Q1 2023, with an adjusted EBITDA of $221 million and distributable cash flow of $160 million. The company increased its quarterly distribution by 2% and completed the acquisition of 16 refined product terminals from Zenith Energy for $110 million. Full-year adjusted EBITDA guidance was raised to $865 to $915 million to include the Zenith acquisition.

Sunoco LP reported Q4 2022 results with a net income of $55 million and Adjusted EBITDA of $238 million. The Partnership sold approximately 2.0 billion gallons of fuel, up 5% from the previous year, with a fuel margin of 12.8 cents per gallon. The company reaffirms its full-year 2023 Adjusted EBITDA guidance of $850 to $900 million.

Sunoco LP reported a net income of $83 million for Q3 2022, with an Adjusted EBITDA of $276 million and Distributable Cash Flow, as adjusted, of $196 million. The company also executed a definitive agreement to acquire Peerless Oil & Chemicals, Inc. and increased its full-year 2022 Adjusted EBITDA guidance to $845 to $865 million.

Sunoco LP reported a net income of $121 million and an Adjusted EBITDA of $214 million for the second quarter of 2022. The increase in Adjusted EBITDA reflects higher reported fuel margins and volumes, and the impact of recent acquisitions, partially offset by higher operating expenses.

Sunoco LP reported a strong first quarter with a net income of $216 million, Adjusted EBITDA of $191 million, and Distributable Cash Flow, as adjusted, of $142 million. The company increased its full-year 2022 Adjusted EBITDA guidance to between $795 and $835 million, including the recently completed transmix processing and terminal acquisition in Huntington, Indiana. They also commenced commercial operations of a greenfield terminal in Brownsville, Texas and amended and extended their $1.5 billion revolving credit facility.

Sunoco LP reported a net income of $100 million for the fourth quarter of 2021, compared to $83 million in the fourth quarter of 2020. Adjusted EBITDA for the quarter was $198 million, up from $159 million in the prior year. The Partnership sold approximately 1.9 billion gallons of fuel, a 3.1% increase year-over-year, with a fuel margin of 12.0 cents per gallon compared to 9.2 cents per gallon a year ago.

Sunoco LP reported a net income of $104 million and adjusted EBITDA of $198 million for the third quarter of 2021. The Partnership reaffirmed its full-year 2021 Adjusted EBITDA guidance of $725 to $765 million and completed the acquisition of eight refined product terminals from NuStar Energy L.P. and one refined product terminal from Cato, Incorporated.

Sunoco LP reported a net income of $166 million for the second quarter of 2021, a significant increase compared to the net loss of $157 million in the same period last year. Adjusted EBITDA was $201 million, and the Partnership reaffirmed its full-year Adjusted EBITDA guidance of $725 to $765 million. The company also executed agreements to acquire refined product terminals from NuStar Energy L.P. and Cato, Incorporated.

Sunoco LP reported a net income of $154 million for the first quarter of 2021, compared to a net loss of $128 million in the first quarter of 2020. Adjusted EBITDA for the quarter was $157 million, and Distributable Cash Flow, as adjusted, was $108 million. The company reaffirms its full-year 2021 Adjusted EBITDA guidance of $725 to $765 million and is expanding its midstream footprint with a refined products terminal in Brownsville, Texas.

Sunoco LP's net income for Q4 2020 was $83 million, the same as in Q4 2019. Adjusted EBITDA totaled $159 million, compared with $168 million in the fourth quarter of 2019. The Partnership sold 1.8 billion gallons in the fourth quarter of 2020, down 12% from the fourth quarter of 2019.

Sunoco LP reported a net income of $100 million for the third quarter of 2020, compared to $66 million in the third quarter of 2019. Adjusted EBITDA totaled $189 million, slightly lower than the $192 million in the same period last year, due to lower volumes offset by higher fuel margins and lower operating expenses. Distributable Cash Flow, as adjusted, was $139 million, compared to $133 million a year ago.

Sunoco LP reported a net income of $157 million for the three months ended June 30, 2020, compared to a net income of $55 million in the second quarter of 2019. Adjusted EBITDA for the quarter totaled $182 million, up from $152 million in the second quarter of 2019. The partnership expects full year 2020 adjusted EBITDA to be above $700 million.

Sunoco LP reported a net loss of $128 million for the first quarter of 2020, which included $227 million of non-cash inventory adjustments. However, Adjusted EBITDA increased to $209 million, and Distributable Cash Flow, as adjusted, rose to $159 million. The Partnership sold 1.9 billion gallons, with a fuel margin of 13.1 cents per gallon.

Sunoco LP announced its Q4 and full year 2019 financial results, with a Q4 net income of $83 million, a significant improvement from the $72 million net loss in the same quarter of the previous year. The company sold 2.1 billion gallons in the fourth quarter, up 3% from the fourth quarter of 2018. Full year 2019 Adjusted EBITDA exceeded guidance. Operating expenses decreased 13% for the full year 2019.