Loading...
•
Sep 30, 2020
Sunoco Q3 2020 Earnings Report
Reported net income, adjusted EBITDA, and distributable cash flow, volumes decreased, but fuel margins increased due to cost reduction measures.
Key Takeaways
Sunoco LP reported a net income of $100 million for the third quarter of 2020, compared to $66 million in the third quarter of 2019. Adjusted EBITDA totaled $189 million, slightly lower than the $192 million in the same period last year, due to lower volumes offset by higher fuel margins and lower operating expenses. Distributable Cash Flow, as adjusted, was $139 million, compared to $133 million a year ago.
Net income of $100 million.
Adjusted EBITDA of $189 million.
Distributable Cash Flow, as adjusted of $139 million.
Current quarter cash coverage of 1.61 times.
Revenue by Segment
Forward Guidance
The Partnership expects full year 2020 adjusted EBITDA to be at or above $740 million. SUN expects 2020 growth capital expenditures of at least $75 million, maintenance capital expenditures of $30 million and operating expenses in a range of $460 to $475 million.
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...