Sunoco LP (SUN) Tops Q2 EPS by 248c, provides outlook

Sunoco LP (NYSE: SUN) reported Q2 EPS of $3.85, $2.48 better than the analyst estimate of $1.37. Revenue for the quarter came in at $6.17 billion versus the consensus estimate of $5.63 billion.

Full Year 2024 Business Outlook

For the full year 2024, the Partnership expects:

Adjusted EBITDA(1)(3) of $1.46 billion to $1.52 billion, excluding synergies and transaction-related expenses(2).
Approximately $50 million in synergies related to the acquisition of NuStar.
Approximately $100 million in transaction-related expenses.
Growth capital expenditures to be greater than $300 million and maintenance capital expenditures to be approximately $120 million.

For earnings history and earnings-related data on Sunoco LP (SUN) click here.

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