Sunoco

Sunoco LP engages in the management and distribution of fuel products. It operates through the following business segments: Fuel Distribution, Marketing and Other. The Fuel Distribution segment supplies fuels and other petroleum products which supplies to third-party dealers and distributors, independent operators of commission agent, other commercial consumers of motor fuel and to retail locations. The Marketing segment offer dealers the opportunity to participate in merchandise purchasing and promotional programs arranged with vendors. Other segment includes the Partnership?s retail operations in Hawaii and New Jersey, credit card services, and franchise royalties. The company was founded in 1886 and is headquartered in Dallas, TX.

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Sunoco reports robust Q4 earnings, eyes growth amid margin challenges

Sunoco's Q4 2022 performance and full-year results reflect financial strength, operational resilience, and strategic focus on growth and efficiency.
Management's emphasis on secure distributions, disciplined investment, and capital deployment underscores the company's commitment to sustainable value creation.
Despite challenges in margin sustainability and operational impacts, Sunoco's optimistic outlook for 2023 and focus on strategic opportunities position it for continued success.

Sunoco reports record Q1 earnings, eyes distribution growth strategy

Sunoco LP's Q1 2023 performance reflects strong financial results, driven by increased EBITDA, gallons sold, and improved fuel margins. The company's focus on operational efficiency and strategic acquisitions bodes well for future growth and value creation.
While Sunoco faces challenges in balancing distributions with financial metrics, its robust cash flow and asset acquisitions position it favorably for sustained performance. By evaluating distribution increases annually and pursuing growth opportunities, Sunoco aims to enhance shareholder value and market competitiveness.

Sunoco LP achieves record Q2 results, eyes growth opportunities

Sunoco LP's Q2 2023 earnings call reflects a solid performance marked by record results and a focus on strategic growth initiatives. While challenges in managing leverage persist, the company's commitment to financial stability and maximizing opportunities bode well for future prospects.

Sunoco reports robust Q3 earnings, eyes growth through acquisitions

Sunoco's Q3 2023 earnings call showcased strong financial performance, strategic focus on growth through acquisitions and operational efficiency, and plans for continued growth and distribution expansion. Despite challenges in managing leverage and operating expenses, the company remains committed to maintaining a strong balance sheet and evaluating growth opportunities.

Sunoco reports record earnings, eyes growth through strategic acquisitions

Sunoco's exceptional performance in 2023, highlighted by record earnings and strategic acquisitions, underscores its resilience and growth potential. The company's focus on stability and financial strength bodes well for future prospects.
While integration challenges and market dynamics pose potential hurdles, Sunoco's proactive approach and strong balance sheet position it favorably to navigate uncertainties and capitalize on growth opportunities.

Sunoco reports record Q1 earnings, eyes growth with NuStar acquisition

Sunoco's Q1 2024 performance reflects robust growth, supported by strategic transactions and record EBITDA. The partnership's focus on cost management, leverage control, and distribution increases underscores a balanced approach to value creation.
With the NuStar acquisition poised to deliver substantial synergies, Sunoco is well-positioned for future growth and operational efficiencies. Navigating challenges in expense management and financial discipline will be crucial for sustained success.

Sunoco LP reports record Q2 earnings, eyes growth opportunities

Sunoco LP delivered strong financial performance in Q2 2024, with a focus on strategic acquisitions, operational efficiency, and growth opportunities. Challenges may arise in realizing synergies and sustaining distribution growth amidst market dynamics, but the company's confidence in its position and commitment to unitholders remain steadfast.

Sunoco LP reports record Q3 earnings and outlines growth plans

Sunoco LP delivered strong financial performance in Q3 2024, with record EBITDA and solid coverage ratio. The company's strategic acquisitions and integration efforts position it well for future growth. Maintaining leverage at target levels and operational efficiency will be key focus areas.

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Sunoco LP engages in the management and distribution of fuel products. It operates through Fuel Distribution and Marketing and All Other segments. The Fuel Distribution and Marketing segment supplies fuels and other petroleum products, which it supplies to third-party dealers and distributors, independent operators of commission agent, other commercial consumers of motor fuel and to retail locations. The All Other segment refers to motor fuel sales, non-motor fuel sales, and lease income. The company was founded in 1886 and is headquartered in Dallas, TX.

Sunoco's (SUN) first-quarter earnings and revenues beat estimates on the back of increased revenues from the fuel distribution and marketing segment.

Sunoco (SUN) Beats on Q1 Earnings, Ups '24 Adjusted EBITDA View

Energy Transfer LP Unit

Reports record first quarter net income of $230 million and Adjusted EBITDA(1) of $242 million Increases full year 2024 Adjusted EBITDA(1)(2) guidance to $1.46 billion to $1.52 billion, to include the acquisition of NuStar Energy L.P. Increases quarterly distribution by 4% DALLAS , May 8, 2024 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN" or the "Partnership") today reported financial and operating results for the quarter ended March 31, 2024.

Sunoco LP Announces First Quarter 2024 Financial and Operating Results

DALLAS , May 3, 2024 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN" or the "Partnership") today announced that, on June 3, 2024 (the "Redemption Date"), (a) SUN will purchase all outstanding units of (i) 8.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (the "Series A Preferred Units") representing limited partner interests in NuStar Energy L.P., a Delaware limited partnership and subsidiary of SUN ("NuStar"), (ii) 7.625% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (the "Series B Preferred Units") representing limited partner interests in NuStar and (iii) 9.00% Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (the "Series C Preferred Units" and, collectively with the Series A Preferred Units and the Series B Preferred Units, the "Preferred Units"), representing limited partner interests in NuStar, in each case pursuant to the Eighth Amended and Restated Agreement of Limited Partnership of NuStar, dated as of July 20, 2018, as amended to date, with the final cash distribution for the Preferred Units to be paid on May 31, 2024 to holders of the Preferred Units as of the close of business on May 15, 2024 (the "Record Date"); and (b) NuStar Logistics, L.P.

Sunoco LP Announces Purchase of NuStar Preferred Units and Full Redemption of NuStar Logistics Subordinated Notes

NuStar Energy

Viper Energy Partners LP

OVERLAND PARK, KS / ACCESSWIRE / May 3, 2024 / Tortoise today announced a revision to the corporate action treatment for the Tortoise North American Pipeline IndexSM (TNAP). As previously stated, NuStar Energy LP (NYSE:NS) will be removed from the Tortoise MLP Index ® (TMLP) and the Tortoise North American Pipeline IndexSM (TNAP) as a result of the approved acquisition by Sunoco LP (NYSE:SUN).

Tortoise Announces Revision of Treatment of Constituent Changes Due to Corporate Action

Investors may find it advantageous to purchase Sunoco (SUN) before Q1 earnings release, given its strategic acquisition deal and strong and sustainable business model.

Why You Should Bet on Sunoco (SUN) Ahead of Q1 Earnings

Sunoco LP (SUN) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Here is What to Know Beyond Why Sunoco LP (SUN) is a Trending Stock

DALLAS , May 3, 2024 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("Sunoco") announced the completion of the acquisition of NuStar Energy L.P. ("NuStar") and a 4% increase in its quarterly distribution.

Sunoco LP Completes Acquisition of NuStar Energy L.P.; Announces a 4% Increase in Quarterly Distribution

DALLAS , May 1, 2024 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("Sunoco" or "SUN") and NuStar Energy L.P. (NYSE: NS) ("NuStar" or "NS") announced the approval by NuStar unitholders of the previously announced merger, pursuant to which NuStar will merge with and into a merger subsidiary of Sunoco.

Sunoco LP and NuStar Energy L.P. Announce NuStar's Unitholder Approval of the Sunoco Transaction

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In the closing of the recent trading day, Sunoco LP (SUN) stood at $56.30, denoting a -1.59% change from the preceding trading day.

Here's Why Sunoco LP (SUN) Fell More Than Broader Market

In the closing of the recent trading day, Sunoco LP (SUN) stood at $56.38, denoting a -0.46% change from the preceding trading day.

Sunoco LP (SUN) Stock Drops Despite Market Gains: Important Facts to Note

Despite the significant structural changes, Sunoco (SUN) maintains its financial outlook for 2024. The company projects 2024 adjusted EBITDA between $975 million and $1 billion.

Sunoco (SUN) Proceeds With Strategic Portfolio Optimization

DALLAS , April 17, 2024 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN" or the "Partnership") today announced the completion of the acquisition of liquid fuels terminals from Zenith Energy and the divestiture of 204 convenience stores to 7-Eleven, Inc. ("7-Eleven"). Both transactions were completed at highly attractive multiples and are immediately accretive to unitholders on key metrics.

Sunoco LP Completes Acquisition of European Liquid Fuels Terminals and Divestiture of West Texas Assets; Reaffirms 2024 Adjusted EBITDA Guidance Range

DALLAS , April 16, 2024 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("Sunoco") today announced that it has priced at 100% a private offering (the "offering") of 7.000% senior notes due 2029 in an aggregate principal amount of $750 million (the "2029 notes") and 7.250% senior notes due 2032 in an aggregate principal amount of $750 million (the "2032 notes," and collectively with the 2029 notes, the "notes"). The sale of the notes is expected to settle on April 30, 2024, subject to the satisfaction of customary closing conditions.

Sunoco LP Announces Pricing of Private Offering of Senior Notes

DALLAS , April 16, 2024 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("Sunoco") today announced a private offering (the "offering") of senior notes due 2029 in an aggregate principal amount of $750 million (the "2029 notes") and senior notes due 2032 in an aggregate principal amount of $750 million (the "2032 notes," and collectively with the 2029 notes, the "notes"). Sunoco intends to use the net proceeds from the offering to (i) repay certain outstanding indebtedness of NuStar Energy L.P.

Sunoco LP Announces Private Offering of Senior Notes

Sunoco LP is set to acquire NuStar Energy L.P. in a $7.3 billion deal, combining the largest US fuel distributor with a major midstream company. The acquisition is expected to close in Q2 2024 and will allow Sunoco to reduce leverage and increase cash flow. Sunoco's earnings for 2023 saw a record high in adjusted EBITDA, while its dividend yield is currently at 6.18%.

Sunoco LP: Big Deal Coming In 2024 - Mr. Market Says 'So What?

Sunoco LP (SUN) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Sunoco LP (SUN) Loses -9.91% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Sunoco LP (SUN) closed the most recent trading day at $56.66, moving -1.67% from the previous trading session.

Sunoco LP (SUN) Stock Declines While Market Improves: Some Information for Investors

DALLAS , April 9, 2024 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("Sunoco" or "SUN") and NuStar Energy L.P. (NYSE: NS) ("NuStar" or "NS") today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act"), in connection with Sunoco's pending acquisition of NuStar.

Sunoco LP and NuStar Energy L.P. Announce Expiration of Hart-Scott-Rodino Act Waiting Period

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DALLAS , April 5, 2024 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN") announced that it will release its first quarter 2024 financial and operating results before the market opens on Wednesday, May 8, 2024. Management will hold a conference call that same day at 9:00 a.m.

Sunoco LP Announces First Quarter 2024 Earnings Release and Call Timing

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News for Sunoco Stock (SUN)