earnings
confidence high
sentiment positive
materiality 0.80
Sunoco LP reports record FY2024 net income $874M, Adjusted EBITDA $1.56B; guides FY2025 EBITDA $1.9-1.95B
Sunoco LP
- Q4 2024 net income $141M vs loss $106M in Q4 2023; FY2024 net income $874M vs $394M in 2023.
- FY2024 Adjusted EBITDA $1.46B (excl. $106M transaction costs) vs $964M in 2023; record fuel volume 8.6B gallons.
- Q4 distribution $0.8865/unit ($3.546 annualized); targeting at least 5% distribution growth in 2025.
- FY2025 Adjusted EBITDA guidance $1.90-$1.95B; growth capex at least $400M, maintenance capex ~$150M.
- Leverage ratio 4.1x net debt to Adjusted EBITDA; $1.3B liquidity on $1.5B revolver.