In the wake of reduced global demand for refined products, Valero Energy (VLO) has reduced oil processing volumes at most refineries.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
Sunoco LP (NYSE: SUN) ("SUN") announced that the Board of Directors of its general partner declared a quarterly distribution for the first quarter of 2020 of $0.8255 per common unit, which corresponds to $3.3020 per common unit on an annualized basis. The distribution will be paid on May 19, 2020 to common unitholders of record on May 7, 2020.
Sunoco LP (SUN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Q1 2020 Sunoco LP Earnings Call
In the latest trading session, Sunoco LP (SUN) closed at $15.29, marking a +1.93% move from the previous day.
Sunoco LP (NYSE: SUN) ("SUN" or the "Partnership") today reported financial and operating results for the three-month period ended March 31, 2020.
Fuel distributor Sunoco LP's (NYSE: SUN) latest payout to investors makes the yield on this master limited partnership, or MLP, a whopping 14%. On April 2, Sunoco announced that it would distribute $0.8255 per unit to its investors. Sunoco is a wholly owned subsidiary of midstream oil-and-gas transporter Energy Transfer (NYSE: ET), and both are master limited partnerships (MLP).
Sunoco (SUN) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.
Sunoco LP (NYSE: SUN) ("SUN" or the "Partnership") today provided revised capital guidance and an operational update in response to the COVID-19 pandemic.
Let's see if Sunoco (SUN) stock is a good choice for value-oriented investors right now from multiple angles.
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 (SUN) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
On the call with me this morning are Joe Kim, Sunoco LP's, President and Chief Executive Officer; Tom Miller, Chief Financial Officer; Karl Fails, Chief Operations Officer and other members of the management team. A reminder that today's call will contain forward-looking statements that are subject to various risks and uncertainties.
Sunoco is reducing capital expenditures by more than 40 percent to approximately $75 million, according to a release.
Stable earnings from expansive fuel distribution assets are likely to have boosted Sunoco's (SUN) Q1 earnings.
Sunoco (SUN) is planning to curb growth capital expenditures for 2020 by more than 40% to $75 million.
After a terrible March, the gasoline distributor's stock bounced most of the way back last month, but the COVID-19 pandemic will likely cause more pain for the company.
Sunoco LP (SUN) closed at $14.72 in the latest trading session, marking a -0.61% move from the prior day.
Sunoco's (SUN) first-quarter results are affected by lower contribution from the fuel distribution and marketing business.