07:50 AM EDT, 05/08/2024 (MT Newswires) -- Sunoco LP ( SUN ) reported Q1 earnings Wednesday of $2.26 per diluted share, up from $1.41 a year earlier.

Analysts polled by Capital IQ expected $1.27.

Revenue for the quarter ended March 31 was $5.50 billion, up from $5.36 billion a year earlier.

Two analysts surveyed by Capital IQ expected $5.23 billion.

The company said it now expects 2024 adjusted earnings before interest, taxes, depreciation and amortization of $1.46 billion to $1.52 billion. That compares with a range of $975 million to $1 billion previously.

Shares of the company were up 1.7% in recent Wednesday premarket activity.

Price: 56.52, Change: +0.93, Percent Change: +1.67