Facts about that will impress you: Sunoco LP (NYSE: SUN)

Sunoco LP (NYSE: SUN) stock observed trading -9.80% off 52-week high price. On the other end, the stock has been noted 24.29% away from low price over the last 52-weeks. The stock disclosed a move of -2.69% away from 50 day moving average and -1.86% away from 200 day moving average. Moving closer, we can see that shares have been trading 0.31% off 20-day moving average.

Sunoco LP (SUN) recently stated financial and operating results for the three-month period ended September 30, 2019.

Net income for the quarter was $66M versus net income of $112M in the third quarter of 2018.

Adjusted EBITDA (1) totaled $192M contrast with $208M in the third quarter of 2018.  Distributable Cash Flow, as adjusted (1), was $133M, contrast to $149M a year ago.   Net income, Adjusted EBITDA and Distributable Cash Flow, as adjusted, in 2018 included a one-time cash benefit of about $25M related to a settlement with a fuel supplier.  Not Including the 2018 one-time cash benefit, the year-over-year increase in Adjusted EBITDA and Distributable Cash Flow was supported by growth in the Joint Venture’s fuel volumes to a record high 2.11B gallons combined with lower operating expenses (2).


At September 30, 2019, SUN had borrowings of $154M against its revolving line of credit and other long-term debt of $2.9B.  In the third quarter of 2019, SUN did not issue any ordinary units through its at-the-market equity program.

Capital Spending and Other Investments

SUN’s gross capital expenditures for the third quarter were $46M, which included $33M for growth capital and $13M for maintenance capital.

Not Including acquisitions, SUN expects to spend at least $115M on growth capital for the full year 2019, including about $10M of growth capital toward the pipeline joint venture with Energy Transfer.  With an additional $45M investment on the pipeline joint venture, SUN expects total investment in 2019 to be about $160M.

SUN expects to spend about $40M on maintenance capital for the full year 2019.

The USA based company Sunoco LP moved with change of -0.52% to $30.75 with the total traded volume of 152807 shares in recent session versus to an average volume of 256.13K. SUN’s shares are at -2.60% for the quarter and driving a 18.68% return over the course of the past year and is now at 13.09% since this point in 2018.  Right now, the stock beta is 0.8. The average volatility for the week and month was at 1.58% and 1.59% respectively. There are 84.22M shares outstanding and 54.21M shares are floated in market.