Sunoco Q4 2019 Earnings Report
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.
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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.