Sunoco Q1 net income up 63% to $230M; raises distribution 4%; guides FY EBITDA $1.46-1.52B

Sunoco LP

Net income $230M (vs $141M YoY); Adjusted EBITDA $242M (vs $221M); fuel volume up 9% to 2.1B gallons.
Quarterly distribution raised 4% to $0.8756/unit; payable May 20 to holders of record May 13.
FY2024 Adjusted EBITDA guidance raised to $1.46-1.52B including NuStar; legacy SUN reaffirmed at $975M-$1B.
Completed NuStar acquisition on May 3; divested 204 stores to 7-Eleven for ~$1.0B on Apr 16.
S&P and Moody's upgraded credit ratings; new $1.5B unsecured revolver matures in May 2029.

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 0.98

Sunoco LP reported the quarter ended March 31, 2024 results: net income $230 million. Guidance raised.

Period: the quarter ended March 31, 2024
Net income: $230 million
Guidance: raised
Result: reported results

Exact text from the filing

Net income for the first quarter of 2024 was $230 million compared to net income of $141 million in the first quarter of 2023.

View on SEC.gov

1447 earnings releases filed in the last 30 days. Browse all earnings releases →

Sunoco LP filing history →

Source: SEC EDGAR

accession 0001552275-24-000022

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.