The latest announcement is out from Sunoco ( (SUN) ).
Sunoco LP reported a significant drop in net income to $2 million for the third quarter of 2024, down from $272 million in 2023, but saw adjusted EBITDA rise to $456 million. The Fuel Distribution segment improved slightly, with a 1% increase in fuel sales, while the Pipeline Systems and Terminals segments also contributed positively. Despite a heavy long-term debt load of $7.3 billion, Sunoco maintains a robust liquidity position and declared a stable distribution, reflecting a steady operational outlook.
For an in-depth examination of SUN stock, go to TipRanks’ Stock Analysis page.
