NYSE$SUN

Sunoco LP · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported net income, adjusted EBITDA, and distributable cash flow, volumes decreased, but fuel margins increased due to cost reduction measures.

Sunoco LP reported a net income of $100 million for the third quarter of 2020, compared to $66 million in the third quarter of 2019. Adjusted EBITDA totaled $189 million, slightly lower than the $192 million in the same period last year, due to lower volumes offset by higher fuel margins and lower operating expenses. Distributable Cash Flow, as adjusted, was $139 million, compared to $133 million a year ago.

  • Net income of $100 million.
  • Adjusted EBITDA of $189 million.
  • Distributable Cash Flow, as adjusted of $139 million.
  • Current quarter cash coverage of 1.61 times.

Headline financials

Total Revenue

$2.81B

Previous: $4.33B-35.2%
EPS (adj)

$0.96

Previous: $0.57+68.4%
Motor Fuel Gallons Sold

1.9B

Previous: 2.1B-9.5%
Fuel Margin (cents/gal)

12.1%

Previous: 11.6%+4.3%
Capital Expenditures

-$21M

Previous: -$103M+79.6%
Free Cash Flow

$79M

Previous: -$37M+313.5%
Net Income

$100M

Previous: $66M+51.5%
Operating Income

$147M

Previous: $117M+25.6%
Gross Profit

$308M

Previous: $292M+5.5%
Cash & Equivalents

$63M

No prior period
Total Assets

$5.12B

No prior period

Revenue & EPS history

Sunoco · Revenue · Quarterly

$2.81B

Q3 2020-35.2%vs Q3 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Sunoco · $2.64B total across 1 segment · Q3 2020

  • Fuel Distribution
    $2.64B-35.3%

Forward guidance

The Partnership expects full year 2020 adjusted EBITDA to be at or above $740 million. SUN expects 2020 growth capital expenditures of at least $75 million, maintenance capital expenditures of $30 million and operating expenses in a range of $460 to $475 million.

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 Q3 2020

Historical avgQ3 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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