Sunoco Q2 2023 Earnings Report
Key Takeaways
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.
Net income was $87 million versus $121 million in the second quarter of 2022.
Adjusted EBITDA for the second quarter of 2023 was $250 million compared with $214 million in the second quarter of 2022.
Distributable Cash Flow, as adjusted, for the second quarter of 2023 was $175 million, compared to $159 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.
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Forward Guidance
SUN continues to expect growth capital expenditures of at least $150 million and maintenance capital expenditures of approximately $65 million for the full-year 2023.