Sunoco LP (SUN) Tops Q1 EPS by 21c; Offers FY23 Guidance

Sunoco LP (NYSE: SUN) reported Q1 EPS of $1.42, $0.21 better than the analyst estimate of $1.21. Revenue for the quarter came in at $5.36 billion versus the consensus estimate of $5.18 billion.

The company offered the following guidance:

As a result of the Zenith acquisition, the Partnership is revising its 2023 guidance as follows:

Full Year 2023 Adjusted EBITDA(1)(2): In a range of $865 to $915 million
Operating Expenses(3): In a range of $540 to $550 million
Maintenance Capital: Approximately $65 million

For earnings history and earnings-related data on Sunoco LP (SUN) click here.

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