Sunoco LP Achieves Record Financial Results in 2024

Sunoco LP ( (SUN) ) has released its Q4 earnings. Here is a breakdown of the information Sunoco LP presented to its investors.

Sunoco LP is a leading energy infrastructure and fuel distribution master limited partnership, operating across various regions including the U.S., Puerto Rico, Europe, and Mexico, with a focus on fuel distribution and midstream operations through its extensive pipeline and terminal networks.

Sunoco LP has reported a record-breaking financial performance for the full year 2024, with notable improvements across its financial metrics. The company declared a net income of $874 million and an adjusted EBITDA of $1.56 billion for the year, even as it handled substantial one-time transaction-related expenses.

Key highlights from the fourth quarter of 2024 include a net income of $141 million, a significant turnaround from a net loss in the same quarter of the previous year. The adjusted EBITDA for the quarter reached $439 million, marking a substantial increase from the year before. The company also saw an increase in its distributable cash flow, reflecting its strong operational performance and cash generation capabilities. The fuel distribution segment sold 2.2 billion gallons of fuel with a margin of 10.6 cents per gallon, while the pipeline and terminal segments also showed improved EBITDA figures due to strategic acquisitions.

Looking ahead, Sunoco LP has set its sights on continued growth in 2025, projecting an adjusted EBITDA range of $1.90 billion to $1.95 billion. The company plans to increase its quarterly distribution by at least 5% next year, underscoring its confidence in sustained financial strength and operational efficiency.

Overall, Sunoco LP appears poised for a robust performance in the coming year, driven by strategic expansions and a solid financial foundation, as indicated by its management’s optimistic outlook.