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Sep 30, 2021
Sunoco Q3 2021 Earnings Report
Reported strong third quarter results with increased net income and Adjusted EBITDA
Key Takeaways
Sunoco LP reported a net income of $104 million and adjusted EBITDA of $198 million for the third quarter of 2021. The Partnership reaffirmed its full-year 2021 Adjusted EBITDA guidance of $725 to $765 million and completed the acquisition of eight refined product terminals from NuStar Energy L.P. and one refined product terminal from Cato, Incorporated.
Net income was $104 million, compared to $100 million in Q3 2020.
Adjusted EBITDA was $198 million, compared to $189 million in Q3 2020.
Distributable Cash Flow, as adjusted, was $146 million, compared to $139 million a year ago.
Approximately 2 billion gallons of fuel were sold, a 6.4% increase from Q3 2020.
Revenue by Segment
Forward Guidance
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, and fuel margins of 11.0 to 12.0 cents per gallon. The Partnership expects lower operating expenses of $425 to $435 million verses prior guidance of $440 to $450 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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