Sunoco Q1 2021 Earnings Report
Key Takeaways
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.
Net income of $154 million was reported for Q1 2021.
Adjusted EBITDA of $157 million was generated in Q1 2021.
Distributable Cash Flow, as adjusted, of $108 million was achieved in Q1 2021.
Full-year 2021 Adjusted EBITDA guidance of $725 to $765 million was reaffirmed.
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Forward Guidance
The Partnership continues to expect full-year 2021 Adjusted EBITDA of $725 to $765 million. SUN expects 2021 fuel volumes of 7.25 to 7.75 billion gallons, fuel margins of 11.0 to 12.0 cents per gallon, and operating expenses of $440 to $450 million.