Targa, Sunoco and CrossAmerica Partners have been highlighted in this Industry Outlook article.
Sunoco LP (SUN) reported earnings 30 days ago. What's next for the stock?
Sunoco LP SUN units have gained 29.3% over the past year, which, though encouraging, lags the 58.1% growth of the broader industry. Sunoco's business model is stable and resilient, underpinned by its operation of one of the largest fuel distribution networks in the United States.
Sunoco LP distributes motor fuels to independent dealers, distributors, and commercial customers in over 40 states, totaling 8.3 billion gallons in 2023, via five subsidiary oil companies. Recent M&A activity includes acquisitions of transportation terminals, processing facilities, and convenience stores, culminating in the transformational acquisition of NuStar Energy LP for $7.3 billion. I create pro forma financial statements by combining recent financial results of NuStar and Sunoco to evaluate the investability of the senior notes and the common units after the merger.
Sunoco's (SUN) second-quarter earnings and revenues beat estimates on the back of increased contributions from all segments and gains from the NuStar acquisition.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Sunoco, Western Midstream Partners and Energy Transfer are included in this Analyst Blog.
Sunoco's (SUN) stable business model and predictable fee-based cash flows suggest a promising outlook for the master limited partnership.
Sunoco LP (SUN) concluded the recent trading session at $55.22, signifying a +0.55% move from its prior day's close.
The latest trading day saw Sunoco LP (SUN) settling at $54.83, representing a +0.59% change from its previous close.
Given the partnership's stable fee-based cashflows with lower volume and commodity price risks, it would be wise to buy Sunoco (SUN) right away.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.