Sunoco (SUN) Reports Q4 Loss of $1.11, Revenues Miss

Sunoco (NYSE: SUN) reported Q4 EPS of ($1.11), versus $0.73 reported last year. Revenue for the quarter came in at $3.88 billion versus the consensus estimate of $4.17 billion.

• For the three months ended December 31, 2018, net loss was $72 million versus net income of $232 million in the fourth quarter of 2017. The net loss includes approximately $135 million of non-cash inventory adjustments.
• Adjusted EBITDA(1) for the three months ended December 31, 2018 totaled $180 million compared with $158 million in the fourth quarter of 2017. Results were supported by an increase in the Partnership\'s fuel volumes and strong wholesale fuel margins.
• Distributable Cash Flow, as adjusted(1), for the quarter was $114 million, compared to $106 million a year ago. This year-over-year increase reflects higher Adjusted EBITDA and lower cash interest expense offset by higher current tax expense and maintenance capital expenditures.

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

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