The financial results for Sunoco LP (SUN) provide an overview of its performance for the quarter ending in December 2024. It may be helpful to compare some important metrics with Wall Street predictions and figures from the same period last year.
The company is now focused solely on being a real estate investment trust (REIT) for manufactured homes (MH) and recreational vehicles (RV). It has improved its financial flexibility by significantly reducing its debt and has also enhanced its profit margins and cash flow. This strategic shift aims to strengthen the company's position in the market.
Sunoco LP is a top midstream company with strong assets, increasing profit margins, and a solid 6.2% yield, appealing to income-focused investors. The acquisition of NuStar has improved SUN's infrastructure, leading to record growth in earnings before interest, taxes, depreciation, and amortization (EBITDA) and setting the company up for future success, with $150 million in expected benefits by 2027. Positive industry trends, such as limited pipeline and storage capacity, boost the value of SUN's current assets, ensuring high demand and usage.
On February 14, 2025, Sunoco LP (NYSE: SUN) submitted its operational and financial results for the fiscal year that ended on December 31, 2024, to the U.S. Securities and Exchange Commission. You can find the Annual Report on Form 10-K in the Investor Relations area of the Partnership's website at www.sunocolp.com, under "SEC Filings & Financial Reports," and also on the SEC's website at www.sec.gov.
At Zacks, we concentrate on the reliable Zacks Rank system, which highlights earnings estimates and changes in those estimates to identify excellent stocks. At the same time, we keep an eye on the most recent trends in value, growth, and momentum to support our top selections.
Sunoco's earnings and revenues for the fourth quarter fell short of expectations due to lower fuel margins, although this was somewhat balanced by reduced costs and expenses.
VettaFi recently interviewed Karl Fails, the COO of Sunoco LP (SUN). He talked about the company's assets and operations, the acquisition of NuStar, and how they prioritize their capital allocation.
Sunoco LP announced impressive financial results for the year 2024, with a net income of $874 million and an adjusted EBITDA of $1.56 billion, excluding one-time expenses. The company also reported a fuel volume of 8.6 billion gallons and plans to increase its quarterly distribution by at least 5% in 2025. For the full year 2025, Sunoco expects its adjusted EBITDA to be between $1.90 billion and $1.95 billion.
Sunoco LP will hold its Q4 2024 Earnings Conference Call on February 11, 2025, at 10:00 AM ET. The call will feature company leaders, including Scott Grischow, Joe Kim, Karl Fails, and Austin Harkness. Participants from various financial institutions will also join the call, but currently, everyone is in listen-only mode.
At the end of the last trading day, Sunoco LP (SUN) was priced at $55.82, which represents a slight increase of 0.02% compared to the day before.