Sunoco LP (SUN) Misses Q4 EPS by 35c, Revenue Beats

Sunoco LP (NYSE: SUN) reported Q4 EPS of $0.42, $0.35 worse than the analyst estimate of $0.77. Revenue for the quarter came in at $5.92 billion versus the consensus estimate of $5.78 billion.

2023 Business Outlook

The Partnership expects full year 2023 Adjusted EBITDA(1)(2) to be between $850 and $900 million. SUN expects 2023 fuel volumes to be approximately 7.8 billion gallons, fuel margins to be approximately 12.0 cents per gallon, operating expenses(3) in a range of $525 to $535 million, growth capital expenditures of at least $150 million, and maintenance capital expenditures of approximately $60 million.

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

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