Sunoco Q3 2022 Earnings Report
Key Takeaways
Sunoco LP reported a net income of $83 million for Q3 2022, with an Adjusted EBITDA of $276 million and Distributable Cash Flow, as adjusted, of $196 million. The company also executed a definitive agreement to acquire Peerless Oil & Chemicals, Inc. and increased its full-year 2022 Adjusted EBITDA guidance to $845 to $865 million.
Net income was $83 million versus $104 million in the third quarter of 2021.
Adjusted EBITDA for the quarter was $276 million compared with $198 million in the third quarter of 2021.
Distributable Cash Flow, as adjusted, for the quarter was $196 million, compared to $146 million a year ago.
The Partnership sold approximately 2.0 billion gallons of fuel in the third quarter of 2022, up approximately 1% from the third quarter of 2021.
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Forward Guidance
Sunoco LP increased its full-year 2022 Adjusted EBITDA guidance to $845 to $865 million.