Sunoco Q3 2020 Earnings Report
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.
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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.