NYSE$SUN

Sunoco LP · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Sunoco LP reported a net loss due to non-cash inventory adjustments, but Adjusted EBITDA and Distributable Cash Flow increased year-over-year.

Sunoco LP reported a net loss of $128 million for the first quarter of 2020, which included $227 million of non-cash inventory adjustments. However, Adjusted EBITDA increased to $209 million, and Distributable Cash Flow, as adjusted, rose to $159 million. The Partnership sold 1.9 billion gallons, with a fuel margin of 13.1 cents per gallon.

  • Net loss was $128 million, impacted by $227 million in non-cash inventory adjustments.
  • Adjusted EBITDA totaled $209 million, up from $153 million in the first quarter of 2019.
  • Distributable Cash Flow, as adjusted, was $159 million, compared to $99 million a year ago.
  • The Partnership sold 1.9 billion gallons, with fuel margin at 13.1 cents per gallon.

Headline financials

Total Revenue

$3.27B

Previous: $3.69B-11.4%
EPS (adj)

-$1.78

Previous: $1.07-266.4%
Motor Fuel Gallons Sold

1.9B

No prior period
Fuel Margin (cents/gal)

0.1%

No prior period
Capital Expenditures

-$41M

Previous: -$26M-57.7%
Free Cash Flow

-$169M

Previous: $83M-303.6%
Net Income

-$128M

Previous: $109M-217.4%
Operating Income

-$82M

Previous: $152M-153.9%
Gross Profit

$108M

Previous: $370M-70.8%
Cash & Equivalents

$31M

No prior period
Total Assets

$4.98B

No prior period

Revenue & EPS history

Sunoco · Revenue · Quarterly

$3.27B

Q1 2020-11.4%vs Q1 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Sunoco · $3.08B total across 1 segment · Q1 2020

  • Fuel Distribution
    $3.08B-11.8%

Forward guidance

The Partnership revised its 2020 capital guidance and withdrew its previous guidance on 2020 fuel volume, margin and adjusted EBITDA.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.0%

Avg return

Earnings day

-1.3%

Avg return

5 days after

-2.2%

Avg return

30 days after

53%

29 / 55 earnings

Positive

+7.7%

Q3 2018

Best reaction

-7.3%

Q2 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.2%-1.8%-1.4%
Q4 2025+1.9%+5.1%+13.0%
Q3 2025+0.6%-2.1%+3.9%
Q2 2025-0.9%-5.4%-5.0%
Q1 2025-2.4%+1.4%-1.2%
Q4 2024+1.2%-1.9%-2.2%
Q3 2024+0.2%-3.3%+1.7%
Q2 2024-1.3%-6.3%-3.2%
Q1 2024+0.4%-5.0%-3.7%
Q4 2023+2.7%+3.3%+0.8%
Q3 2023+5.2%+6.1%+7.3%
Q2 2023-1.9%-0.6%+1.8%
Q1 2023-2.7%-5.0%-6.7%
Q4 2022-0.0%-1.3%-11.6%
Q3 2022-0.4%-2.2%-3.2%
Q2 2022-2.8%-8.1%-6.3%
Q1 2022+1.8%-6.2%-1.3%
Q4 2021+0.5%+0.9%-1.6%
Q3 2021-3.6%-3.6%-8.3%
Q2 2021+1.6%-2.8%-2.1%
Q1 2021-1.5%-4.9%-0.5%
Q4 2020-3.7%-2.4%-1.2%
Q3 2020+1.4%-1.6%+12.8%
Q2 2020-0.0%-1.3%-2.3%
Q1 2020+0.3%-0.7%+9.9%
Q4 2019+0.3%+0.3%-50.1%
Q3 2019+0.4%-1.6%-6.3%
Q2 2019-4.2%-5.6%-4.2%
Q1 2019+1.1%+2.2%+3.6%
Q4 2018-2.6%+0.2%+1.7%
Q3 2018+7.7%+9.2%+3.0%
Q2 2018+7.2%+3.9%+3.8%
Q1 2018+1.7%+2.6%-0.6%
Q4 2017+0.4%-0.7%-12.4%
Q3 2017+1.8%+2.0%-2.5%
Q2 2017+3.2%+0.8%+3.7%
Q1 2017+0.1%+1.3%+2.4%
Q4 2016-2.9%-6.5%-14.1%
Q3 2016-2.6%-6.8%-4.3%
Q2 2016-2.1%-2.7%-3.0%
Q1 2016-3.7%
Q4 2015-3.5%
Q3 2015+7.3%
Q2 2015-7.3%
Q1 2015-2.0%
Q4 2014+3.3%
Q3 2014+1.4%
Q2 2014+2.5%
Q1 2014+3.6%
Q4 2013-1.1%
Q3 2013+0.0%
Q2 2013+0.0%
Q1 2013-3.1%
Q4 2012-1.1%
Q3 2012-4.6%
Q2 2012
Q1 2012
Q4 2011
Q3 2011
Q2 2011
Q1 2011

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