Sunoco Q2 2021 Earnings Report
Key Takeaways
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.
Net income for the second quarter was $166 million, compared to a net loss of $157 million in the second quarter of 2020.
Adjusted EBITDA for the quarter was $201 million, up from $182 million in the prior year.
Distributable Cash Flow, as adjusted, for the quarter was $145 million, compared to $122 million a year ago.
The Partnership reaffirmed its full-year 2021 Adjusted EBITDA guidance of $725 to $765 million.
Sunoco
Sunoco
Sunoco Revenue by Segment
Forward Guidance
Excluding any impact in 2021 from the recently announced acquisitions, 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.