Welcome to our dedicated page for Sunoco Lp/Sunoco Fin news (Ticker: SUN), a resource for investors and traders seeking the latest updates and insights on Sunoco Lp/Sunoco Fin stock.
Sunoco LP reports news about its fuel distribution and energy infrastructure partnership, including operating results, cash distributions, acquisitions, and capital-structure actions. The master limited partnership distributes motor fuel to Sunoco and partner-branded retail locations, independent dealers, distributors, and commercial customers, and operates midstream assets that include pipeline systems and terminals across North America, the Greater Caribbean, and Europe.
Recurring updates cover Fuel Distribution and Pipeline Systems performance, quarterly distribution decisions, senior note offerings and debt refinancing, completed acquisition integration, and outlook commentary. Sunoco’s general partner is owned by Energy Transfer LP, and related announcements may also reference SunocoCorp LLC’s direct limited partner interest in Sunoco LP.
Sunoco LP (NYSE: SUN) reported strong financial results for Q2 2020, achieving a net income of $157 million, up from $55 million in Q2 2019. This increase was aided by a $90 million non-cash inventory adjustment due to rising RBOB prices. Adjusted EBITDA rose to $182 million from $152 million a year ago, driven by improved fuel margins of 13.5 cents per gallon and reduced operating expenses of $97 million. Despite a 26.3% decline in fuel sales volume to 1.5 billion gallons, the Partnership declared a distribution of $0.8255 per unit and maintained solid liquidity of $1.3 billion.
Sunoco LP (NYSE: SUN) announced a quarterly distribution for Q2 2020 of $0.8255 per common unit, equating to an annualized rate of $3.3020. The payment date is August 19, 2020, with record unitholders as of August 7, 2020. The company will release its Q2 financial results after market close on August 5, followed by a management call on August 6 at 8:00 a.m. CT to discuss these results.