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Dec 31, 2023
Sunoco Q4 2023 Earnings Report
Sunoco LP reported a net loss for Q4 2023, but announced several strategic acquisitions and divestitures.
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.
Revenue by Segment
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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