Sunoco Q1 net income $141M; Adjusted EBITDA $221M; raises FY guidance

Sunoco LP

Net income $141M (down from $216M YoY); Adjusted EBITDA $221M (up from $191M); DCF as adj. $160M (up from $142M).
Fuel sales 1.9B gallons (+9% YoY); fuel margin 12.9 cpg vs 12.4 cpg prior year.
Completed acquisition of 16 refined product terminals from Zenith Energy for $110M on May 1; expects accretive in year one.
Quarterly distribution raised 2% to $0.8420/unit ($3.368 annualized); payable May 22 to holders of record May 8.
Revised FY 2023 Adjusted EBITDA guidance to $865-$915M (from prior); growth capex at least $150M; leverage 3.6x.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Sunoco LP reported first fiscal quarter ended March 31, 2023 results: net income $141 million. Guidance raised.

Period: first fiscal quarter ended March 31, 2023
Net income: $141 million
Guidance: raised
Result: reported results

Exact text from the filing

Sunoco LP issued a news release announcing its results for the first fiscal quarter ended March 31, 2023

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Sunoco LP filing history →

Source: SEC EDGAR

accession 0001552275-23-000022

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