Overview
Sunoco Q3 revenue beats analyst expectations, driven by increased sales volumes
Net income for Q3 misses analyst estimates
Adjusted EBITDA for Q3 beats analyst expectations
Outlook
Sunoco on track to complete TanQuid acquisition in Q4 2025
Company aims for at least 5% distribution growth in 2025
Result Drivers
FUEL DISTRIBUTION - Lower profit per gallon and acquisition-related expenses led to decreased adjusted EBITDA
PIPELINE SYSTEMS - Increased throughput volumes and reduced operating costs boosted adjusted EBITDA
TERMINALS - Favorable margins and recent acquisition drove adjusted EBITDA growth
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $6.03 bln | $5.69 bln (2 Analysts) |
Q3 EPS | $0.64 | ||
Q3 Net Income | Miss | $137 mln | $154.48 mln (4 Analysts) |
Q3 Adjusted EBITDA | Beat | $496 mln | $493.18 mln (7 Analysts) |
Q3 Capex | $157 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the oil & gas refining and marketing peer group is "buy"
Wall Street's median 12-month price target for Sunoco LP is $65.00, about 19.4% above its November 4 closing price of $52.39
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 10 three months ago
Press Release: ID:nPn3H3vsGa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)