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SUN - Sunoco: Earnings Surprised Me But Their Distribution Is Still Risky
Sunoco LP representing limited partner interests
Introduction
Several months ago during the mists of the initial Covid-19 selloff, I published an article regarding Sunoco (SUN) and the likelihood of their distributions being reduced in the short term. Whilst I always endeavor to make correct judgments regarding the future, no one is perfect and to my surprise their earnings held up better than envisioned. It may seem that this means their still very high distribution yield of 12% is quite attractive for income hungry investors, risks still remain even after updating this analysis.