Overview

* Sunoco ( SUN ) Q3 revenue beats analyst expectations, driven by increased sales volumes

* Net income for Q3 misses analyst estimates

* Adjusted EBITDA for Q3 beats analyst expectations

Outlook

* Sunoco on track to complete TanQuid acquisition in Q4 2025

* Company aims for at least 5% distribution growth in 2025

Result Drivers

* FUEL DISTRIBUTION - Lower profit per gallon and acquisition-related expenses led to decreased adjusted EBITDA

* PIPELINE SYSTEMS - Increased throughput volumes and reduced operating costs boosted adjusted EBITDA

* TERMINALS - Favorable margins and recent acquisition drove adjusted EBITDA growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $6.03 $5.69

Revenue bln bln (2

Analysts

)

Q3 EPS $0.64

Q3 Net Miss $137 mln $154.48

Income mln (4

Analysts

)

Q3 Beat $496 mln $493.18

Adjusted mln (7

EBITDA Analysts

)

Q3 Capex $157 mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the oil & gas refining and marketing peer group is "buy"

* Wall Street's median 12-month price target for Sunoco LP ( SUN ) is $65.00, about 19.4% above its November 4 closing price of $52.39

* The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)