SunocoCorp (NYSE:SUNC) Posts Quarterly Earnings Results

SunocoCorp (NYSE:SUNC) announced its quarterly earnings results on Tuesday. The company reported $0.76 EPS for the quarter, FiscalAI reports. The firm had revenue of $14.26 billion during the quarter.

Here are the key takeaways from SunocoCorp’s conference call:

• Adjusted EBITDA was $996 million in Q2, excluding approximately $14 million of transaction expenses, prompting Sunoco to raise 2026 guidance by $400 million to $3.5 billion–$3.7 billion.
• Distributable Cash Flow as adjusted reached $608 million, supporting a quarterly distribution of just over $1 per unit/share—up 1.25% sequentially and more than 10% year over year—with 2.1x trailing coverage.
• All four operating segments performed well. Fuel Distribution volumes increased 89% year over year, Terminals benefited from the TanQuid acquisition, Pipeline Systems delivered stable growth, and Refinery EBITDA rose to $175 million as Burnaby returned from its turnaround.
• Management said leverage was approximately 3.7x, below its 4x long-term target, with $2.3 billion of revolver availability, leaving capacity for distribution growth and additional acquisitions.
• Management expects to exceed its $500 million annual bolt-on acquisition target and pursue quick-return organic projects, but second-half guidance remains sensitive to refining crack spreads and fuel-market volatility; Canadian fuel demand was also down low- to mid-single digits year over year.

SunocoCorp Stock Performance

NYSE:SUNC traded down $0.20 during mid-day trading on Thursday, reaching $72.65. 202,756 shares of the company’s stock were exchanged, compared to its average volume of 515,753. The company has a quick ratio of 0.92, a current ratio of 1.40 and a debt-to-equity ratio of 1.67. The stock has a market capitalization of $3.74 billion and a price-to-earnings ratio of 34.11. The business’s fifty day moving average is $69.41. SunocoCorp has a one year low of $47.00 and a one year high of $77.57.

SunocoCorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Friday, August 7th will be paid a $1.0023 dividend. This represents a $4.01 annualized dividend and a dividend yield of 5.5%. This is a boost from SunocoCorp’s previous quarterly dividend of $0.99. The ex-dividend date is Friday, August 7th. SunocoCorp’s dividend payout ratio is currently 185.92%.

Hedge Funds Weigh In On SunocoCorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd bought a new stake in SunocoCorp during the fourth quarter worth about $43,000. Deutsche Bank AG bought a new position in SunocoCorp in the 4th quarter valued at about $92,000. SG Americas Securities LLC acquired a new position in shares of SunocoCorp in the 1st quarter valued at approximately $112,000. Danske Bank A S acquired a new position in shares of SunocoCorp in the 4th quarter valued at approximately $133,000. Finally, State of Wyoming bought a new stake in shares of SunocoCorp during the 1st quarter worth approximately $164,000.

Analyst Ratings Changes

Several research analysts have commented on the stock. Mizuho started coverage on shares of SunocoCorp in a research report on Friday, July 24th. They set an “outperform” rating and a $83.00 price objective for the company. Raymond James Financial reissued a “strong-buy” rating and set a $80.00 price target on shares of SunocoCorp in a report on Wednesday, May 6th. Zacks Research lowered SunocoCorp from a “hold” rating to a “strong sell” rating in a research note on Friday, July 24th. Barclays boosted their target price on SunocoCorp from $78.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Citigroup raised their price target on shares of SunocoCorp from $65.00 to $73.00 and gave the company a “buy” rating in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.00.

SunocoCorp Company Profile

Sunoco LP is an energy infrastructure and fuel distribution master limited partnership. Sunoco LP is based in DALLAS.