Sunoco LP (SUN) to Issue Quarterly Dividend of $1.01 on November 19th

Sunoco LP (NYSE:SUN) announced a quarterly dividend on Thursday, October 22nd. Investors of record on Friday, November 6th will be given a dividend of $1.0148 per share by the oil and gas company on Thursday, November 19th. This represents a $4.06 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend is Friday, November 6th. This is a 1.2% increase from Sunoco’s previous quarterly dividend of $1.0023.

Sunoco has a payout ratio of 71.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Sunoco to earn $10.15 per share next year, which means the company should continue to be able to cover its $4.05 annual dividend with an expected future payout ratio of 39.9%.

Sunoco Stock Performance

NYSE:SUN opened at $69.00 on Wednesday. The firm has a 50-day moving average price of $74.52 and a 200 day moving average price of $68.54. The company has a quick ratio of 0.83, a current ratio of 1.29 and a debt-to-equity ratio of 1.95. The firm has a market capitalization of $14.13 billion, a PE ratio of 15.27 and a beta of 0.42. Sunoco has a 12-month low of $49.98 and a 12-month high of $80.22.

Sunoco (NYSE:SUN) last issued its quarterly earnings results on Tuesday, November 3rd. The oil and gas company reported $2.07 earnings per share for the quarter, missing analysts’ consensus estimates of $2.46 by ($0.39). Sunoco had a net margin of 2.88% and a return on equity of 18.78%. The company had revenue of $18.03 billion during the quarter, compared to analyst estimates of $11.76 billion. During the same period in the prior year, the business earned $0.64 EPS. Research analysts anticipate that Sunoco will post 10.60 earnings per share for the current fiscal year.

Key Headlines Impacting Sunoco

Here are the key news stories impacting Sunoco this week:

• Positive Sentiment: Third-quarter net income rose to $499 million from $137 million a year earlier, while adjusted EBITDA increased to $1.049 billion from $489 million. Revenue was $18.03 billion. Sunoco Q3 results
• Positive Sentiment: Management indicated 2027 could bring another record year and said $500 million annually in bolt-on acquisitions would be a modest target, supporting expectations for continued expansion. Acquisition and growth outlook
• Positive Sentiment: Sunoco raised its quarterly distribution by 1.2% to $1.0148 per unit, a modest income boost for unitholders. Distribution increase
• Negative Sentiment: EPS was $2.07, below the $2.46 consensus estimate. The shortfall could weigh on sentiment despite the year-over-year improvement in reported net income and EBITDA. Q3 earnings details

Sunoco Company Profile

Sunoco LP (NYSE:SUN) is a master limited partnership focused primarily on the distribution and wholesale marketing of motor fuels. The company supplies gasoline, diesel and other refined products to independent fuel retailers, commercial customers, distributors and other end users, including customers operating under the Sunoco brand.

Sunoco’s operations include fuel terminals, pipelines, transportation assets and other logistics infrastructure used to receive, store, blend and deliver petroleum products.