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Sunoco LPNYSE: SUN) said it expects FY 2023 adjusted EBITDA of $850M-$900M, according to the new revenue presentation, beating the estimate of analysts of ~$800M.
The deal also sees a fuel capacity of ~7.8B gallons, a fuel limit of ~12 CPG, total. operating costs of $525M-$535M, and revenue growth of at least $150M.
Sunoco (SUN) said its 1.8x ratio in Q3 helps stabilize its $3.30/unit annual distribution; it intends to maintain a minimum capitalization target of 1.4x and a long-term target of 4x.
Sunoco LP (SUN) offers an impressive yield of over 7.5%, supported by strong cash flow, RCK Analytics wrote in a recently published analysis on Seeking Alpha.
