SunocoCorp (NYSE:SUNC) Releases Quarterly Earnings Results

SunocoCorp (NYSE:SUNC) released its quarterly earnings data on Tuesday. The company reported $1.55 earnings per share for the quarter, FiscalAI reports. The firm had revenue of $18.03 billion during the quarter.

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

• Record third-quarter performance: Adjusted EBITDA reached $1.06 billion and adjusted distributable cash flow was $588 million, while trailing-12-month distribution coverage remained strong at 2.1x.
• Management expects to exceed the top end of 2026 guidance and said 2026 is not an outlier, with another record year anticipated in 2027 even if refining margins return to mid-cycle levels.
• The $600 million Offen Petroleum acquisition adds approximately 2.5 billion gallons of annual fuel volume and strengthens Sunoco’s Midwest and Mountain West footprint, supply optionality, and logistics network.
• Sunoco raised its quarterly distribution by 1.25% sequentially and more than 10% year over year, while leverage fell to approximately 3.5x and liquidity stood at $2.3 billion.
• Pipeline segment EBITDA declined to $166 million from $190 million in the prior quarter due to lower joint-venture contributions and the absence of first-half FERC clawbacks; Canadian fuel demand also fell low- to mid-single digits amid elevated prices.

SunocoCorp Stock Up 0.1%

Shares of NYSE SUNC opened at $68.78 on Wednesday. The stock’s 50-day simple moving average is $75.63 and its 200-day simple moving average is $69.59. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.83 and a current ratio of 1.29. The firm has a market cap of $3.54 billion and a price-to-earnings ratio of 23.51. SunocoCorp has a 1 year low of $47.00 and a 1 year high of $83.50.

SunocoCorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Friday, November 6th will be given a dividend of $1.0148 per share. This represents a $4.06 annualized dividend and a dividend yield of 5.9%. The ex-dividend date is Friday, November 6th. This is an increase from SunocoCorp’s previous quarterly dividend of $1.0023. SunocoCorp’s payout ratio is presently 140.14%.

Hedge Funds Weigh In On SunocoCorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Wyoming purchased a new position in SunocoCorp in the 3rd quarter worth about $67,000. Nisa Investment Advisors LLC increased its stake in SunocoCorp by 147.1% during the third quarter. Nisa Investment Advisors LLC now owns 1,490 shares of the company’s stock worth $109,000 after acquiring an additional 887 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of SunocoCorp during the first quarter worth about $112,000. Lombard Odier Asset Management USA Corp purchased a new position in SunocoCorp in the first quarter valued at about $254,000. Finally, Sei Investments Co. purchased a new position in SunocoCorp during the first quarter worth approximately $274,000.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SUNC shares. Zacks Research cut shares of SunocoCorp from a “hold” rating to a “strong sell” rating in a research note on Friday, July 24th. Weiss Ratings assumed coverage on shares of SunocoCorp in a report on Tuesday, August 11th. They issued a “hold (c)” rating on the stock. Citigroup boosted their price objective on shares of SunocoCorp from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Mizuho began coverage on shares of SunocoCorp in a report on Friday, July 24th. They issued an “outperform” rating and a $83.00 price objective for the company. Finally, Barclays restated an “overweight” rating and issued a $83.00 price objective on shares of SunocoCorp in a report on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, SunocoCorp has a consensus rating of “Moderate Buy” and a consensus target price of $81.75.

About SunocoCorp

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