UPDATE: Mizuho Securities Downgrades Sunoco (SUN) to Neutral

Go back to UPDATE: Mizuho Securities Downgrades Sunoco (SUN) to Neutral

Sunoco LP (SUN) Misses Q4 EPS by 3c

February 17, 2021 4:39 PM EST

Sunoco LP (NYSE: SUN) reported Q4 EPS of $0.77, $0.03 worse than the analyst estimate of $0.80. Revenue for the quarter came in at $2.55 billion versus the consensus estimate of $3.31 billion.

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

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Energy Transfer (ET) to Acquire Enable Midstream Partners (ENBL) in $7 Billion All-Equity Transaction

February 17, 2021 6:31 AM EST

Energy Transfer LP (NYSE: ET) and Enable Midstream Partners, LP (NYSE: ENBL) today announced that they have entered into a definitive merger agreement whereby Energy Transfer will acquire Enable in an all-equity transaction valued at approximately $7.2 billion. Under the terms of the agreement, Enable common unitholders will receive 0.8595 ET common units for each Enable common unit, an exchange ratio that represents an at-the-market transaction, based on the 10-day volume-weighted average price of ET and Enable common units on February 12, 2021. In addition, each outstanding Enable Series A preferred unit... More