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Dec 31, 2024
Sunoco Q4 2024 Earnings Report
Key Takeaways
Sunoco LP reported a strong Q4 2024 with net income of $141 million, a significant improvement from a net loss of $106 million in Q4 2023. Revenue totaled $5.27 billion, while adjusted EBITDA reached $439 million, up from $236 million in the prior year. Fuel volume stood at 2.2 billion gallons, and fuel margin was 10.6 cents per gallon.
Sunoco
Sunoco
Sunoco Revenue by Segment
Revenue by Segment
Fuel Distribution Revenue
CapyFin.comPipeline Systems Revenue
CapyFin.comTerminals Revenue
CapyFin.com Forward Guidance
Sunoco LP expects full-year 2025 Adjusted EBITDA to range between $1.90 billion and $1.95 billion, with planned capital expenditures of at least $400 million for growth and $150 million for maintenance.
Positive Outlook
- Targeting distribution growth of at least 5% for 2025.
- Increased pipeline and terminal throughput due to acquisitions.
- Expected improvement in fuel distribution margins.
- Strong liquidity position with $1.3 billion available on credit facility.
- Stable revenue outlook despite macroeconomic uncertainties.
Challenges Ahead
- Higher operating expenses projected for 2025 ($900M-$925M).
- Increased debt levels with $7.5 billion in long-term obligations.
- Potential volatility in fuel margins due to market conditions.
- Impact of one-time transaction-related expenses on financial results.
- Competition and regulatory risks in the fuel distribution sector.
Revenue & Expenses
Visualization of income flow from segment revenue to net income