Sunoco LP (SUN) Tops Q1 EPS by 95c; raises guidance

Sunoco LP (NYSE: SUN) reported Q1 EPS of $2.26, $0.95 better than the analyst estimate of $1.31. Revenue for the quarter came in at $5.5 billion versus the consensus estimate of $5.23 billion.

Revised 2024 Business Outlook

As a result of the NuStar and Zenith acquisitions and divestiture to 7-Eleven, Inc., the Partnership is revising its 2024 guidance as follows:

Full Year 2024 Adjusted EBITDA(1)(2): In a range of $1.46 billion to $1.52 billion.

Reaffirm legacy SUN full year 2024 Adjusted EBITDA(1)(2): In a range of $975 million to $1 billion.
Prorated portion of the 2024 Adjusted EBITDA(1)(2) guidance NuStar provided in February 2024: In a range of $480 million to $520 million.
Full year Adjusted EBITDA(1)(2) guidance excludes the impact from synergies or transaction-related expenses.

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

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