Sunoco LP Q4 net loss $106M; announces NuStar acquisition, Zenith deal, store sale

Sunoco LP

Q4 net loss of $106M vs net income of $55M YoY; Adjusted EBITDA $236M vs $238M.
Record Q4 volume of 2.2B gallons (+11%); fuel margin 12.3 cpg vs 12.8 cpg.
Full year net income $394M (down 17%); Adjusted EBITDA $964M (+5% YoY).
Reaffirms 2024 Adjusted EBITDA guidance $975M–$1B, excluding pending NuStar deal.
In January, signed deals: acquire NuStar ($7.3B), Zenith terminals (€170M), sell 204 stores to 7-Eleven ($1B).

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 the quarter and year ended December 31, 2023 results: net income net loss was $106 million compared to net income of $55 million in the fourth quarter of 2022. Guidance reaffirmed.

Period: the quarter and year ended December 31, 2023
Net income: net loss was $106 million compared to net income of $55 million in the fourth quarter of 2022
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Sunoco LP (NYSE: SUN) (“SUN” or the “Partnership”) today reported financial and operating results for the quarter and year ended December 31, 2023.

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Source: SEC EDGAR

accession 0001552275-24-000008

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