Sunoco LP Sees Higher FY 2023 Adjusted EBITDA than Analyst Estimates

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Sunoco Lp Intrinsic Stock Value – Sunoco ($NYSE:SUN) LP (NYSE: SUN) is a Texas-based master limited partnership that owns and operates Sunoco-branded gas stations and convenience stores in the United States. The partnership said that, according to a new investor presentation, it expects FY 2023 adjusted EBITDA to be in the range of $850 million to $900 million, which is higher than the analyst consensus estimate of ~$800 million. The partnership also sees fuel volume of ~7.8 billion gallons, fuel margin of ~12 cents per gallon, total operating expenses of $525 million to $535 million, and growth capital of at least $150 million. The higher than expected FY 2023 adjusted EBITDA guidance is due to Sunoco LP‘s strong performance in recent years, which has allowed the partnership to invest in growth projects and improve its efficiency.

The partnership’s focus on cost-cutting and operational improvements should continue to drive strong results in the future. Sunoco LP’s stock has risen sharply in recent years, and the partnership’s strong financial performance is one of the reasons why. Investors are betting that Sunoco LP can continue to grow and generate strong results in the years to come.

Price History

On Tuesday, Sunoco LP stock opened at $42.0 and closed at $42.8, up by 1.9% from prior closing price of $42.0. The company saw higher FY 2023 adjusted EBITDA than analyst estimates. The company’s stock rose on the news, as investors were pleased with the company’s strong performance. Live Quote…

About the Company

VI Analysis – Sunoco Lp Intrinsic Stock Value

The company’s fundamentals reflect its long term potential, and the fair value of SUNOCO LP shares is around $52.1, calculated by VI Line. Now SUNOCO LP stock is traded at $42.8, a fair price that is undervalued by 18%. More…

VI Peers

Headquartered in Dallas, Texas, Sunoco LP has approximately 5,000 employees and operates more than 1,300 convenience stores and gas stations in 35 states. The company’s primary competitors are Delek US Holdings Inc, HF Sinclair Corp, PTT Oil and Retail Business PCL.

– Delek US Holdings Inc ($NYSE:DK)

Delek US Holdings Inc is a diversified downstream energy company with assets in petroleum refining, logistics, asphalt, renewable fuels and convenience store retailing. The company operates through two segments: Refining and Logistics, and Retail. The Refining and Logistics segment includes refining operations and logistics assets that support the transportation, storage and distribution of refined products. The Retail segment consists of convenience store and fuel retailing operations. Delek US Holdings Inc is headquartered in Brentwood, Tennessee.

– HF Sinclair Corp ($NYSE:DINO)

Sinclair Broadcast Group, Inc. is one of the largest television broadcasting companies in the United States. The company owns or operates, programs or provides sales services to more than 190 television stations in 89 markets. Sinclair’s television group reaches approximately 38.9% of U.S. television households and includes FOX, ABC, CBS, CW, MyNetworkTV, and Univision affiliates. Sinclair also owns or operates four radio stations in the Pacific Northwest.

– PTT Oil and Retail Business PCL ($SET:OR)

PTT Oil and Retail Business PCL is a Thai oil and gas company with a market cap of 292.8 billion as of 2022. The company has a return on equity of 11.75%. PTT Oil and Retail Business PCL is involved in the exploration, production, refining, and marketing of oil and gas. The company also has a retail business that operates a chain of gas stations and convenience stores in Thailand.

Summary

Sunoco LP (NYSE: SUN) is a publicly traded master limited partnership that owns and operates gas stations and convenience stores in the United States. The company pays out a quarterly distribution that currently yields around 8%. Investors interested in SUNOCO LP should note that the company’s business is largely dependent on the transportation sector. As such, the stock may be more volatile than some of its peers.