Sunoco LP
For the period ended Jun 30, 2024. Filed Aug 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 8, 2024
SUN$62.70+1.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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15. Net Income per Common Unit
- Net Income per Common Unit
A reconciliation of the numerators and denominators of the basic and diluted net income per common unit computations is as follows:
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net income | $501 | $87 | $731 | $228 |
| Less: | ||||
| Net income attributable to noncontrolling interests | 8 | — | 8 | — |
| Incentive distribution rights | 36 | 20 | 72 | 39 |
| Distributions on unvested phantom unit awards | 2 | 1 | 3 | 3 |
| Common unitholders’ interest in net income | $455 | $66 | $648 | $186 |
| Weighted average common units outstanding: | ||||
| Basic | 117,271,408 | 84,060,866 | 100,848,078 | 84,059,797 |
| Dilutive effect of unvested phantom unit awards | 783,450 | 973,402 | 808,998 | 938,980 |
| Diluted | 118,054,858 | 85,034,268 | 101,657,076 | 84,998,777 |
| Net income per common unit: | ||||
| Basic | $3.88 | $0.79 | $6.43 | $2.21 |
| Diluted | $3.85 | $0.78 | $6.37 | $2.19 |
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