Sunoco LP: 3Q Earnings Snapshot
DALLAS (AP) _ Sunoco LP (SUN) on Wednesday reported third-quarter profit of $112 million.
On a per-share basis, the Dallas-based company said it had net income of $1.12. Earnings, adjusted to account for discontinued operations, came to $1.15 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share.
The master limited partnership posted revenue of $4.76 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $4.66 billion.
Sunoco LP shares have fallen nearly 6 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $26.77, a fall of 13 percent in the last 12 months.