Energy Transfer will serve as the operator of the joint venture and contribute its Permian crude oil and produced water gathering assets and operations. Sunoco will contribute all of its Permian crude oil gathering assets and operations to the joint venture. Energy Transfer's long-haul crude pipeline network that provides transportation of crude oil out of the Permian Basin to Nederland, Houston, and Cushing is excluded from the joint venture. The formation of the joint venture has an effective date of July ...

Sunoco LP (SUN) closed at $57.84 in the latest trading session, marking a +1.21% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.28%. Meanwhile, the Dow experienced a rise of 0.53%, and the technology-dominated Nasdaq saw an increase of 0.4%. The investment community will be closely monitoring the performance of Sunoco LP in its forthcoming earnings report. The company is scheduled to release its earnings on August 7, 2024. On that day, Sunoco LP is projected to report earnings of ...

By Phone: Dial 877-407-6184 (toll free) or 201-389-0877 at least 10 minutes before the call. A replay will be available through August 14, 2024 by dialing 877-660-6853 (toll free) or 201-612-7415 and using the conference ID 13747627. About Sunoco LP Scott Grischow Treasurer, Senior Vice President – Finance (214) 840-5660 [email protected] DALLAS, July 9, 2024 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN") announced that it will release its second quarter 2024 financial and operating results before the market ...

Sunoco LP (SUN) closed the most recent trading day at $56.54, moving -0.75% from the previous trading session. This change lagged the S&P 500's 0.41% loss on the day. At the same time, the Dow lost 0.12%, and the tech-heavy Nasdaq lost 0.71%. Investors will be eagerly watching for the performance of Sunoco LP in its upcoming earnings disclosure. The company is expected to report EPS of $1.82, up 133.33% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $5.49 ...

Market participants will be closely following the financial results of Sunoco LP in its upcoming release. The company is forecasted to report an EPS of $1.82, showcasing a 133.33% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $5.49 billion, indicating a 4.37% decrease compared to the same quarter of the previous year. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audi ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation metrics to fi ...

In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #1 (Strong Buy) for Sunoco LP. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Brokerage Recomm ...

The master limited partnership's stock has climbed by 6.7% in the past month, exceeding the Oils-Energy sector's loss of 5.24% and the S&P 500's gain of 3.59%. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 7.22% higher. Currently, Sunoco LP is carrying a Zacks Rank of #1 (Strong Buy). For ...

Sunoco LP (SUN) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving. The upward trend in estimate revisions for this master limited partnership reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estima ...

Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements. Most Powerful Force Impacting Stock Prices For Sunoco LP, rising earnings estimates and the consequent rating upgrade fundamentally mean an impro ...