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Sunoco LP: 2Q Earnings Snapshot

August 7, 2019

DALLAS (AP) _ Sunoco LP (SUN) on Wednesday reported second-quarter earnings of $55 million.

On a per-share basis, the Dallas-based company said it had profit of 43 cents.

The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share.

The master limited partnership posted revenue of $4.47 billion in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $4.32 billion.

Sunoco LP shares have climbed 17% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $31.68, a rise of 21% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SUN at https://www.zacks.com/ap/SUN

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