Sunoco LP Q3 net income $272M (up 228% YoY); raises FY2023 EBITDA guidance above $935M

Sunoco LP

Net income $272M vs $83M in Q3 2022; Adjusted EBITDA $257M vs $276M; Distributable Cash Flow as adj $181M vs $196M.
Fuel gallons sold 2.1B, up 7% YoY; fuel margin 13.0 cpg vs 13.9 cpg.
Raised full-year 2023 Adjusted EBITDA guidance to above $935M (from prior outlook).
Declared Q3 distribution $0.8420/unit, payable Nov 20, record Oct 30.
Issued $500M 7.000% Senior Notes due 2028, used to repay revolver; leverage ratio 3.9x.

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 third fiscal quarter ended September 30, 2023 results: net income $272 million. Guidance raised.

Period: third fiscal quarter ended September 30, 2023
Net income: $272 million
Guidance: raised
Result: reported results

Exact text from the filing

On November 1, 2023 , Sunoco LP issued a news release announcing its results for the third fiscal quarter ended September 30, 2023

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Sunoco LP filing history →

Source: SEC EDGAR

accession 0001552275-23-000048

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