Thu, May 8, 8:28 PM (7 days ago)
**Sunoco LP (SUN) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $5.179 billion (down from $5.499 billion in Q1 2024) - **Net Income:** $207 million (down from $230 million in Q1 2024) - **Operating Income:** $296 million (stable from $297 million in Q1 2024) - **Cash Flow from Operations:** $156 million (down from $286 million in Q1 2024) - **Cash Distributions:** $0.8976 per common unit (up from $0.8756 in Q1 2024) **Profit Margins:** - **Operating Margin:** ~5.7% (down from ~5.4% in Q1 2024) - **Net Margin:** ~4.0% (down from ~4.2% in Q1 2024) **Segment Performance:** - **Fuel Distribution:** Adjusted EBITDA of $220 million (up from $218 million in Q1 2024) - **Pipeline Systems:** Adjusted EBITDA of $172 million (new segment, not comparable) - **Terminals:** Adjusted EBITDA of $66 million (up from $24 million in Q1 2024) **Key Metrics & Trends:** - **Total Assets:** $14.342 billion (down from $14.375 billion in Q1 2024) - **Total Debt:** $7.671 billion (up from $7.484 billion in Q1 2024) - **Cash & Cash Equivalents:** $172 million (up from $94 million in Q1 2024) - **Capital Expenditures:** $101 million (up from $41 million in Q1 2024) **Uncertainties & Future Operations:** - **Acquisitions:** Parkland Corporation and TanQuid GmbH & Co. KG acquisitions pending - **Regulatory:** FERC index rate changes and potential tariffs impact - **Market Risks:** Commodity price volatility and interest rate fluctuations - **Liquidity:** $1.44 billion available under the Credit Facility **Outlook:** - **2025 Capital Expenditures:** ~$550 million (maintenance: $150 million, growth: $400 million) - **Debt Levels:** Potential increase with Parkland acquisition - **Distribution:** Quarterly distribution of $0.8976 per common unit declared Sunoco LP's Q1 2025 results reflect a mixed performance with revenue and net income declines, but stable operating income and improved cash flow. The company is focused on growth through acquisitions and maintaining strong liquidity. However, regulatory changes, market risks, and potential debt increases pose uncertainties for future operations.