SUN - Sunoco Spills the Beans: Big Beat Higher Payout & Brighter Outlook | Benzinga
Sunoco LP (NYSE:SUN) shares are trading higher after it reported first-quarter FY24 revenues of $5.50 billion, which exceeded the consensus of $5.23 billion.
The partnership sold over 2.1 billion gallons of fuel (+9% Y/Y), with the fuel margin for all gallons sold at 11.7 cents per gallon (vs 12.9 cents per gallon in the prior year quarter).
Adjusted distributable cash flow of $176 million was higher than $160 million a year ago.
Adjusted EBITDA increased to $242 million from $221 ...