Loading...
•
Dec 31, 2019
Sunoco Q4 2019 Earnings Report
Sunoco LP reported a net income of $83 million for Q4 2019, compared to a net loss of $72 million in Q4 2018.
Key Takeaways
Sunoco LP announced its Q4 and full year 2019 financial results, with a Q4 net income of $83 million, a significant improvement from the $72 million net loss in the same quarter of the previous year. The company sold 2.1 billion gallons in the fourth quarter, up 3% from the fourth quarter of 2018. Full year 2019 Adjusted EBITDA exceeded guidance. Operating expenses decreased 13% for the full year 2019.
Net income for Q4 2019 was $83 million, a notable recovery from a $72 million net loss in Q4 2018.
Adjusted EBITDA for Q4 2019 reached $168 million, compared to $180 million in the prior year's quarter.
Distributable Cash Flow, as adjusted, for the quarter was $120 million, up from $114 million year-over-year.
The company sold 2.1 billion gallons in the fourth quarter, up 3% from the fourth quarter of 2018.
Revenue by Segment
Forward Guidance
This press release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal law. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control.
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...