Sunoco to Report Q3 Earnings: Here's What You Need to Know

Zacks11-05

Sunoco LP SUN is set to report third-quarter 2024 results on Nov. 6, before the opening bell. In the last reported quarter, Sunoco’s earnings of $3.85 per share beat the Zacks Consensus Estimate of $...

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Sunoco LP is a major fuel distributor across the United States. The partnership is anticipated to have sustained stable earnings in the third quarter, supported by its long-term fuel supply contracts and extensive fuel distribution network across North America. The demand for motor fuel is likely to have remained stable compared to the prior-year level. Our estimate for Sunoco’s total motor fuel gallons sold is pinned at 2,045 million compared with 2,124 mill","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"HP":"赫尔默里奇和佩恩材料","SUN":"太阳石油"},"translate_title":"Sunoco将报告第三季度收益：以下是您需要了解的内容","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HP":0.9,"SUN":0.9},"content_text":"Sunoco LP SUN is set to report third-quarter 2024 results on Nov. 6, before the opening bell.\nIn the last reported quarter, Sunoco’s earnings of $3.85 per share beat the Zacks Consensus Estimate of $1.79, driven by a boost in fuel sales and positive contributions from its NuStar acquisition.\nFind the latest EPS estimates and surprises on Zacks Earnings Calendar.\nThe company beat on earnings in two of the trailing four quarters, met once and missed in the other, delivering an average surprise of 8.09%. This is depicted in the graph below: \n\nSunoco LP Price and EPS Surprise\n  \nSunoco LP price-eps-surprise | Sunoco LP Quote\n\n \nEstimate Trend\nThe Zacks Consensus Estimate for third-quarter earnings per share of $1.53 has witnessed one downward revision and no upward revision in the past 30 days. The estimated figure suggests a decline of 48.14% from the prior-year reported number.\nThe Zacks Consensus Estimate for revenues of $5.97 billion indicates a decline of 5.56% year over year.\nFactors to Consider\nSunoco LP is a major fuel distributor across the United States. The partnership is anticipated to have sustained stable earnings in the third quarter, supported by its long-term fuel supply contracts and extensive fuel distribution network across North America. The demand for motor fuel is likely to have remained stable compared to the prior-year level. Our estimate for Sunoco’s total motor fuel gallons sold is pinned at 2,045 million compared with 2,124 million in the year-ago quarter.\nAdditionally, the partnership is expected to have generated stable revenues from its extensive pipeline network and 113 terminal and storage facilities, which came with the NuStar Energy L.P. acquisition. The pipeline business is least exposed to commodity price fluctuations and is known to generate stable earnings backed by long-term contracts.\nThese factors are anticipated to have influenced demand and pricing dynamics, potentially aiding Sunoco’s financial performance in the quarter.\nEarnings Whispers\nOur proven model predicts an earnings beat for Sunoco this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the chances of an earnings beat. That is the case here, as you will see below.\nEarnings ESP: Sunoco has an Earnings ESP of +13.44%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.\nZacks Rank: The company currently carries a Zacks Rank #3.\nOther Stocks to Consider\nHere are some other stocks that you may want to consider, as these have the right combination of elements to post an earnings beat this reporting cycle.\nTC Energy Corporation TRP has an Earnings ESP of +3.07% and a Zacks Rank #3 at present. The firm is scheduled to release earnings on Nov. 7.\nTC Energy has a trailing four-quarter earnings surprise of 12%, on average.\nHelmerich & Payne HP has an Earnings ESP of +2.90% and a Zacks Rank #3 at present. The firm is scheduled to release earnings on Nov. 13.\nHelmerich & Payne has a trailing four-quarter earnings surprise of 14.8%, on average.\nEnergy Transfer ET has an Earnings ESP of +7.29% and a Zacks Rank #3 at present. The company is set to report third-quarter results on Nov. 6.\nThe company delivered a trailing four-quarter average earnings surprise of 5.15%.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nHelmerich & Payne, Inc. (HP) : Free Stock Analysis Report\nSunoco LP (SUN) : Free Stock Analysis Report\nTC Energy Corporation (TRP) : Free Stock Analysis Report\nEnergy Transfer LP (ET) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481551583"}