Loading...
•
Mar 31, 2020
Sunoco Q1 2020 Earnings Report
Sunoco LP reported a net loss due to non-cash inventory adjustments, but Adjusted EBITDA and Distributable Cash Flow increased year-over-year.
Key Takeaways
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.
Net loss was $128 million, impacted by $227 million in non-cash inventory adjustments.
Adjusted EBITDA totaled $209 million, up from $153 million in the first quarter of 2019.
Distributable Cash Flow, as adjusted, was $159 million, compared to $99 million a year ago.
The Partnership sold 1.9 billion gallons, with fuel margin at 13.1 cents per gallon.
Revenue by Segment
Forward Guidance
The Partnership revised its 2020 capital guidance and withdrew its previous guidance on 2020 fuel volume, margin and adjusted EBITDA.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...