When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
SUN - Sunoco: A Textbook Case Of An Imminent Distribution Cut
Sunoco LP representing limited partner interests
Introduction
Following the turmoil rocking markets, it was quite surprising to see Sunoco (SUN) actually sustain their distribution after the first quarter. Whilst some unitholders may be cheering this decision, when reviewing their fundamental financial strength, they appear to be a textbook example of a company that will imminently reduce their distribution.
Distribution Coverage
When assessing distribution coverage, I prefer to forgo using earnings per unit and use free cash flow instead, since distributions are paid from cash and not from "earnings". The graph included below summarizes their cash flows from the last