ATIS - Sunoco LP: Consistency Keeps Getting Better
Investment Thesis
Sunoco LP (SUN) continues to strengthen its track record as a highly reliable, high distribution Master Limited Partnership [MLP] focusing on fuel distribution and storage.
Company Overview
SUN reports as two operating segments:
Source: SUN Earning Slides
SUN has aligned itself to be totally focused on fuel distribution - which provides it with contracted reliable revenue. The "All other" section includes their various leases and franchise fees associated with the physical locations owned by SUN.
Source: SUN Earning Slides
SUN's income streams all flow strongly towards its bottom line. SUN sees