SunocoCorp (NYSE:SUNC) Posts Earnings Results

SunocoCorp (NYSE:SUNC) released its quarterly earnings results on Tuesday. The company reported $0.76 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $14.26 billion during the quarter.

Here are the key takeaways from SunocoCorp’s conference call:

• Adjusted EBITDA was $996 million in Q2, excluding approximately $14 million of transaction expenses, prompting Sunoco to raise 2026 guidance by $400 million to $3.5 billion–$3.7 billion.
• Distributable Cash Flow as adjusted reached $608 million, supporting a quarterly distribution of just over $1 per unit/share—up 1.25% sequentially and more than 10% year over year—with 2.1x trailing coverage.
• All four operating segments performed well. Fuel Distribution volumes increased 89% year over year, Terminals benefited from the TanQuid acquisition, Pipeline Systems delivered stable growth, and Refinery EBITDA rose to $175 million as Burnaby returned from its turnaround.
• Management said leverage was approximately 3.7x, below its 4x long-term target, with $2.3 billion of revolver availability, leaving capacity for distribution growth and additional acquisitions.
• Management expects to exceed its $500 million annual bolt-on acquisition target and pursue quick-return organic projects, but second-half guidance remains sensitive to refining crack spreads and fuel-market volatility; Canadian fuel demand was also down low- to mid-single digits year over year.

SunocoCorp Stock Performance

Shares of NYSE:SUNC traded down $0.21 during trading on Wednesday, hitting $73.67. The company’s stock had a trading volume of 20,309 shares, compared to its average volume of 513,800. SunocoCorp has a fifty-two week low of $47.00 and a fifty-two week high of $77.57. The firm’s 50 day simple moving average is $69.29. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.40 and a quick ratio of 0.92. The stock has a market cap of $3.80 billion and a P/E ratio of 34.59.

SunocoCorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Friday, August 7th will be given a $1.0023 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $4.01 annualized dividend and a yield of 5.4%. This is a boost from SunocoCorp’s previous quarterly dividend of $0.99. SunocoCorp’s dividend payout ratio is 185.92%.

Institutional Investors Weigh In On SunocoCorp

Hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. acquired a new stake in SunocoCorp in the fourth quarter valued at approximately $126,936,000. Millennium Management LLC acquired a new position in shares of SunocoCorp during the fourth quarter worth $76,886,000. Norges Bank purchased a new position in SunocoCorp in the fourth quarter valued at $74,696,000. Morgan Stanley acquired a new stake in SunocoCorp in the fourth quarter valued at $73,776,000. Finally, Engine Capital Management LP purchased a new stake in SunocoCorp during the 4th quarter worth about $67,976,000.

Analyst Upgrades and Downgrades

SUNC has been the subject of a number of research analyst reports. Raymond James Financial reaffirmed a “strong-buy” rating and set a $80.00 price objective on shares of SunocoCorp in a research report on Wednesday, May 6th. Citigroup boosted their target price on SunocoCorp from $65.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Mizuho assumed coverage on SunocoCorp in a research note on Friday, July 24th. They set an “outperform” rating and a $83.00 price target on the stock. Zacks Research lowered SunocoCorp from a “hold” rating to a “strong sell” rating in a research report on Friday, July 24th. Finally, Barclays lifted their price objective on SunocoCorp from $78.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $79.00.

About SunocoCorp

Sunoco LP is an energy infrastructure and fuel distribution master limited partnership. Sunoco LP is based in DALLAS.