Sunoco Logistics Partners (SXL) Reports Q3 Loss Per Share of $0.07
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Sunoco Logistics Announces Record Year to Date Earnings and Continued Five Percent Quarter on Quarter Distribution Growth
November 4, 2015 4:52 PM ESTNEWTOWN SQUARE, Pa.--(BUSINESS WIRE)-- Sunoco Logistics Partners L.P. (NYSE: SXL) (the "Partnership") today announced results for the third quarter 2015. Adjusted EBITDA for the three months ended September 30, 2015 was $289 million, a $43 million increase compared to the third quarter 2014. Net income attributable to partners for the third quarter 2015 was $56 million ($0.07 loss per limited partner unit diluted), which included a $103 million inventory adjustment resulting from the decrease in commodity prices. This non-cash expense was excluded from the Partnership's determination of Adjusted EBITDA and Distributable Cash Flow. Net income attributable to partners was $155 million ($0.50 per... More
