Sunoco LP (NYSE:SUN) is set to announce third quarter earning results on Wednesday 4th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, SUN to report 3Q20 income of $ 0.78 per share.
For the full year, analysts anticipate top line of $ 12173.70 million, while looking forward to income of $ 1.58 per share bottom line.
Previous Quarter Performance
Sunoco LP announced income for the second quarter of $ 0.85 per share, from the revenue of $ 2,080.00 million. According to street consensus, SUN was expected to report 2Q20 income of $ 0.44 per share from revenue of $ 2810.00 million. The bottom line results beat street analysts by $ 0.41 or 93.18 percent, at the same time, top line results fell short of analysts by $ 730 million or 25.98 percent.
Stock Performance
Shares of Sunoco LP traded up $ 0.16 or 0.63 percent on Tuesday, reaching $ 25.62 with volume of 272.10 thousand shares. Sunoco LP has traded high as $ 25.87 and has cracked $ 25.56 on the downward trend
According to the previous trading day, closing price of $ 25.62, representing a 143.40 % increase from the 52 week low of $ 10.46 and a 22.83 % decrease over the 52 week high of $ 32.99.
The company has a market capital of $ 2.13 billion and is part of the Energy sector and Oil & Gas Refining & Marketing industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.8255 per share on July 28, 2020. The dividend were payable on August 19, 2020 to holders of record as of the close of business on August 7, 2020 and ex-dividend date on August 6, 2020.
Sunoco LP, together with its subsidiaries, engages in the distribution and retailing of motor fuels in the United States. The company operates through two segments, Fuel Distribution and Marketing, and All Other. The Fuel Distribution and Marketing segment purchases motor fuel from independent refiners and major oil companies and supplies it to independently operated dealer stations, distributors and other consumer of motor fuel, and partnership operated stations, as well as to commission agent locations.
