Sunoco Q3 2024 Earnings Report
Key Takeaways
Sunoco LP reported a net income of $2 million for Q3 2024, a significant decrease compared to the $272 million in Q3 2023. Adjusted EBITDA for the same period was $456 million, up from $257 million in the previous year. Distributable Cash Flow, as adjusted, reached $349 million, compared to $181 million in Q3 2023. The Fuel Distribution segment saw an increase in Adjusted EBITDA to $253 million, with fuel sales volumes increasing by 1% to approximately 2.1 billion gallons. The Board of Directors declared a distribution of $0.8756 per unit for Q3 2024.
Net income for Q3 2024 was $2 million, a decrease from $272 million in Q3 2023.
Adjusted EBITDA for Q3 2024 was $456 million, compared to $257 million in Q3 2023.
Fuel Distribution segment Adjusted EBITDA increased to $253 million, with a 1% increase in fuel sales volume.
The Board of Directors declared a distribution of $0.8756 per unit for Q3 2024.
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Forward Guidance
No forward guidance was provided in the earnings report.