Sunoco LP Reports Record Quarterly Earnings with EPS of $1.41 and Revenue of $5.36B
May 3, 2023
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The revenue of $5.36B also surpassed the projections of $5.01B by $350M. Sunoco ($NYSE:SUN) LP’s core operating divisions are wholesale fuel and retail fuel.
Market Price
The company reported Earnings Per Share (EPS) of $1.41 and revenue of $5.36 billion, which is a significant increase from the prior year quarter. As a result, Sunoco LP stock opened at $46.3 and closed at $46.0, indicative of a positive market response to the news. With the strong financial performance of the first quarter, Sunoco LP is well poised to continue its success into the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sunoco Lp. More…
| Total Revenues | Net Income | Net Margin |
| 25.73k | 397 | 1.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sunoco Lp. More…
| Operations | Investing | Financing |
| 561 | -464 | -40 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sunoco Lp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.83k | 5.89k | 11.21 |
Key Ratios Snapshot
Some of the financial key ratios for Sunoco Lp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.7% | 7.7% | 2.6% |
| FCF Margin | ROE | ROA |
| 1.5% | 44.1% | 6.2% |
Analysis
At GoodWhale, we make analyzing SUNOCO LP’s fundamentals easy. Our risk rating system shows that SUNOCO LP is a medium-risk investment when considering financial and business aspects. We have identified two risk warnings in the income sheet and balance sheet. For more detailed information, become a registered user to get the complete picture. With GoodWhale, you can make informed decisions about investing in SUNOCO LP. We provide easy-to-understand analysis of all the key metrics, so you can make the best decisions for your portfolio. More…
Peers
Headquartered in Dallas, Texas, Sunoco LP has approximately 5,000 employees and operates more than 1,300 convenience stores and gas stations in 35 states. The company’s primary competitors are Delek US Holdings Inc, HF Sinclair Corp, PTT Oil and Retail Business PCL.
– Delek US Holdings Inc ($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 (SUN) is a leading retail fuel and convenience store company operating primarily in the Southeast and Southwest United States. SUN reported strong third quarter earnings of $1.41 per share, which beat analysts’ expectations by $0.18. Revenue of $5.36 billion also beat expectations by $350 million. This strong performance is attributed to an increase in retail fuel gallons sold and higher wholesale fuel margin.
The company also experienced higher sales from merchandise, food, and services, as well as increased contributions from recently acquired stores. SUN has a growing retail network that has enabled it to increase market share and position itself for long-term success. Investors can expect SUN to continue to benefit from an increasingly favorable operating environment as the company continues to execute on its strategic initiatives.
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