Sunoco LP
For the period ended Jun 30, 2024. Filed Aug 8, 2024.
View on SEC.govAbout this filing
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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Consolidated Statements of Operations
(Dollars in millions, except per unit data)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues: | ||||
| Sales revenue | $5,851 | $5,643 | $11,249 | $10,915 |
| Service revenue | 293 | 65 | 356 | 118 |
| Lease revenue | 30 | 37 | 68 | 74 |
| 6,174 | 5,745 | 11,673 | 11,107 | |
| Costs and Expenses: | ||||
| Cost of sales | 5,609 | 5,431 | 10,624 | 10,418 |
| Operating expenses | 134 | 87 | 222 | 169 |
| General and administrative | 134 | 33 | 170 | 62 |
| Lease expense | 17 | 17 | 35 | 33 |
| Loss (gain) on disposal of assets and impairment charges | 52 | (13) | 54 | (12) |
| Depreciation, amortization and accretion | 78 | 49 | 121 | 97 |
| Total cost of sales and operating expenses | 6,024 | 5,604 | 11,226 | 10,767 |
| Operating Income | 150 | 141 | 447 | 340 |
| Other Income (Expense): | ||||
| Interest expense, net | (95) | (53) | (158) | (106) |
| Equity in earnings of unconsolidated affiliates | 2 | 1 | 4 | 3 |
| Gain on West Texas Sale | 598 | — | 598 | — |
| Loss on extinguishment of debt | (2) | — | (2) | — |
| Other, net | (3) | 7 | (2) | 7 |
| Income before Income Taxes | 650 | 96 | 887 | 244 |
| Income tax expense | 149 | 9 | 156 | 16 |
| Net Income | 501 | 87 | 731 | 228 |
| Less: Net income attributable to noncontrolling interests | 8 | — | 8 | — |
| Net Income Attributable to Partners | $493 | $87 | $723 | $228 |
| Net Income per Common Unit: | ||||
| Basic | $3.88 | $0.79 | $6.43 | $2.21 |
| Diluted | $3.85 | $0.78 | $6.37 | $2.19 |
| Weighted Average Common Units Outstanding: | ||||
| Basic | 117,271,408 | 84,060,866 | 100,848,078 | 84,059,797 |
| Diluted | 118,054,858 | 85,034,268 | 101,657,076 | 84,998,777 |
| Cash Distribution per Unit | $0.8756 | $0.8420 | $1.7512 | $1.6840 |
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