Sunoco LP reports record full-year 2022 Adjusted EBITDA of $919M; guides 2023 EBITDA $850-900M

Sunoco LP

Q4 2022 net income $55M (down from $100M YoY); Adjusted EBITDA $238M (up 20% from $198M).
Full-year 2022 Adjusted EBITDA record $919M, up 22% YoY, above prior guidance.
Full-year net income $475M vs $524M in 2021; Distributable Cash Flow as adjusted $650M vs $542M.
Declared Q4 distribution $0.8255/unit, payable Feb 21, 2023; liquidity $593M, leverage 3.8x.
2023 guidance: Adj. EBITDA $850-900M; fuel volumes ~7.8B gal, margin ~12.0¢/gal; growth capex ≥$150M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Sunoco LP reported the twelve months ended December 31, 2022 results: net income $475 million. Guidance reaffirmed.

Period: the twelve months ended December 31, 2022
Net income: $475 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

For the twelve months ended December 31, 2022, net income was $475 million versus $524 million in 2021.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Sunoco LP reported the three- and twelve-month periods ended December 31, 2022 results: net income $55 million. Guidance reaffirmed.

Period: the three- and twelve-month periods ended December 31, 2022
Net income: $55 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On February 15, 2023, Sunoco LP issued a news release announcing its results for the fiscal year and fourth fiscal quarter ended December 31, 2022 and providing access information for an investor conference call to discuss those results.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Sunoco LP updated its full year 2023 guidance (reaffirmed).

Period: full year 2023
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

The Partnership expects full year 2023 Adjusted EBITDA (1)(2) to be between $850 and $900 million.

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Source: SEC EDGAR

accession 0001552275-23-000006

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