Sunoco (SUN) Misses Q3 EPS by 18c
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EPS Growth %: -13.5%
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Interest income: 3M
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Sunoco (NYSE: SUN) reported Q3 EPS of $0.57, $0.18 worse than the analyst estimate of $0.75. Revenue for the quarter came in at $4.33 million versus the consensus estimate of $4.35 billion.
Net income for the quarter was $66 million versus net income of $112 million in the third quarter of 2018.
Adjusted EBITDA(1) totaled $192 million compared with $208 million in the third quarter of 2018. Distributable Cash Flow, as adjusted(1), was $133 million, compared to $149 million a year ago. Net income, Adjusted EBITDA and Distributable Cash Flow, as adjusted, in 2018 included a one-time cash benefit of approximately $25 million related to a settlement with a fuel supplier. Excluding the 2018 one-time cash benefit, the year-over-year increase in Adjusted EBITDA and Distributable Cash Flow was supported by growth in the Partnership's fuel volumes to a record high 2.11 billion gallons combined with lower operating expenses(2).
For earnings history and earnings-related data on Sunoco (SUN) click here.
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