NYSE$SUN

Sunoco LP · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Reported third quarter results with increased full-year 2023 Adjusted EBITDA guidance.

Sunoco LP reported a net income of $272 million for the third quarter of 2023. The Partnership sold approximately 2.1 billion gallons of fuel, a 7% increase compared to the third quarter of 2022. They also increased full-year 2023 Adjusted EBITDA guidance to be above $935 million.

  • Net income was $272 million, compared to $83 million in Q3 2022.
  • Adjusted EBITDA was $257 million, versus $276 million in Q3 2022.
  • Distributable Cash Flow, as adjusted, was $181 million, compared to $196 million in Q3 2022.
  • Fuel sales volume increased by 7% to 2.1 billion gallons.

Headline financials

Total Revenue

$6.32B

Previous: $6.59B-4.2%
EPS (adj)

$2.95

Previous: $0.75+293.3%
Motor Fuel Gallons Sold

2.1B

Previous: 2.0B+6.2%
Fuel Margin (cents/gal)

13.0%

Previous: 13.9%-6.5%
Capital Expenditures

-$45M

Previous: -$42M-7.1%
Free Cash Flow

$227M

Previous: $41M+453.7%
Net Income

$272M

Previous: $83M+227.7%
Operating Income

$338M

Previous: $150M+125.3%
Gross Profit

$527M

Previous: $333M+58.3%
Cash & Equivalents

$256M

Previous: $196M+30.6%
Total Assets

$7.37B

Previous: $6.57B+12.1%

Revenue & EPS history

Sunoco · Revenue · Quarterly

$6.32B

Q3 2023-4.2%vs Q3 2022
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Sunoco · $6.08B total across 1 segment · Q3 2023

  • Fuel Distribution
    $6.08B-4.0%

Forward guidance

Sunoco LP increased full-year 2023 Adjusted EBITDA guidance to be above $935 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 2023

Historical avgQ3 2023

+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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