Sunoco Spills the Beans: Big Beat, Higher Payout, & Brighter Outlook
Sunoco Spills the Beans: Big Beat, Higher Payout, & Brighter Outlook
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.
Sunoco LP（紐約證券交易所代碼：SUN）公佈的24財年第一季度收入爲55.0億美元，超過了預期的52.3億美元，股價走高。
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).
該合作伙伴關係售出了超過21億加侖的燃料（同比增長9％），所有加侖的燃料利潤率爲每加侖11.7美分（去年同期爲每加侖12.9美分）。
Adjusted distributable cash flow of $176 million was higher than $160 million a year ago.
調整後的可分配現金流爲1.76億美元，高於去年同期的1.6億美元。
Adjusted EBITDA increased to $242 million from $221 million a year ago. EPS of $2.26 surpassed the consensus of $1.22.
調整後的息稅折舊攤銷前利潤從去年同期的2.21億美元增至2.42億美元。每股收益爲2.26美元，超過了市場普遍預期的1.22美元。
Total capital expenditures were $41 million, including $27 million for growth capital and $14 million for maintenance capital.
資本支出總額爲4,100萬美元，其中包括2700萬美元的增長資本和1,400萬美元的維護資本。
Distribution: On May 3, Sunoco quarterly increased distribution by 4% to $0.8756 per unit, payable on May 20 to unitholders of record as of May 13.
分配：5月3日，Sunoco的季度分配增加了4％，至每單位0.8756美元，將於5月20日支付給截至5月13日的登記在冊的單位持有人。
As of March-end, the company had a long-term debt of $3.8 billion. The partnership maintained liquidity of approximately $870 million at the end of the quarter under its $1.5 billion revolving credit facility.
截至3月底，該公司的長期債務爲38億美元。截至本季度末，該合作伙伴關係在其15億美元的循環信貸額度下保持了約8.7億美元的流動性。
Outlook: Sunoco revised FY24 guidance for adjusted EBITDA to $1.46 billion to $1.52 billion, reflecting NuStar and Zenith acquisitions and divestiture.
展望：Sunoco將調整後的息稅折舊攤銷前利潤的24財年預期修訂爲14.6億美元至15.2億美元，反映了NuStar和Zenith的收購和資產剝離。
In January 2024, the company disclosed a deal for selling 204 convenience stores to 7-Eleven for around $1 billion, including customary fuel and merchandise inventory adjustments.
2024年1月，該公司披露了一項以約10億美元的價格向7-Eleven出售204家便利店的交易，其中包括常規燃料和商品庫存調整。
The NuStar deal is projected to boost Sunoco's stability and credit profile and expects to realize at least $150 million in expenses and commercial synergies.
NuStar的交易預計將提高Sunoco的穩定性和信用狀況，並預計將實現至少1.5億美元的支出和商業協同效應。
Investors can gain exposure to the stock via InfraCap MLP ETF (NYSE:AMZA) and Global X MLP ETF (NYSE:MLPA).
投資者可以通過InfraCap MLP ETF（紐約證券交易所代碼：AMZA）和Global X MLP ETF（紐約證券交易所代碼：MLPA）獲得股票敞口。
Price Action: Sunoco shares are trading up by 0.22% at $55.71 at the last check Wednesday.
價格走勢：在週三的最後一次支票中，Sunoco股價上漲0.22％，至55.71美元。
Photo via Shutterstock
照片來自 Shutterstock
譯文內容由第三人軟體翻譯。