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Jun 30, 2022

Sunoco Q2 2022 Earnings Report

Reported strong second quarter results including net income of $121 million, Adjusted EBITDA of $214 million and Distributable Cash Flow, as adjusted of $159 million.

Key Takeaways

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.

Net income was $121 million.

Adjusted EBITDA was $214 million.

Distributable Cash Flow, as adjusted was $159 million.

The Partnership sold approximately 2.0 billion gallons of fuel.

Total Revenue
$7.82B
Previous year: $4.39B
+77.9%
EPS
$1.2
Previous year: $1.73
-30.6%
Motor Fuel Gallons Sold
2B
Previous year: 1.9B
+5.3%
Motor Fuel Profit per Gallon
12.3
Previous year: 11.3
+8.8%
Cash and Equivalents
$168M
Previous year: $87M
+93.1%
Total Assets
$6.92B
Previous year: $5.54B
+25.0%

Sunoco

Sunoco

Sunoco Revenue by Segment

Forward Guidance

Reaffirms full-year 2022 Adjusted EBITDA guidance of $795 to $835 million