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Sunoco's Increased Fuel Sale Boosts Q2 Results: Details
Sunoco LP (NYSE:SUN) shares are trading higher after it reported second-quarter FY24 revenues of $6.17 billion, which exceeded the consensus of $5.82 billion.
The partnership sold over 2.2 billion gallons of fuel (+5% Y/Y), with the fuel margin for all gallons sold at 11.8 cents per gallon (vs 11.9 cents per gallon in the prior year quarter).
Adjusted distributable cash flow of $295 million was higher than $175 million a year ago.
Adjusted EBITDA increased to $320 million from $250 million a year ago. EPS of $3.85 surpassed the consensus of $1.30.
Total capital expenditures were $78 ...