Sunoco Q4 2023 Earnings Report
Key Takeaways
Sunoco LP reported a net loss of $106 million for the fourth quarter of 2023, compared to a net income of $55 million in the fourth quarter of 2022. Adjusted EBITDA for the fourth quarter of 2023 was $236 million, slightly lower than the $238 million in the same period of the previous year. The Partnership sold over 2.2 billion gallons of fuel, an 11% increase from the previous year.
Net loss was $106 million, compared to net income of $55 million in Q4 2022.
Adjusted EBITDA was $236 million, slightly down from $238 million in Q4 2022.
Fuel volume sold increased by 11% to over 2.2 billion gallons.
Announced acquisitions of NuStar Energy L.P. and European liquid fuels terminals, and divestiture of 204 convenience stores.
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Forward Guidance
The Partnership expects full year 2024 Adjusted EBITDA to be between $975 million and $1 billion. This guidance range excludes the impact of the pending acquisition of NuStar Energy L.P.