Has Sunoco LP Finally Turned a Corner After Its Major Asset Sale? [The Motley Fool]
Sunoco LP Common Units representing limited partner interests (SUN)
Last sunoco lp common units representing limited partner interests earnings: 2/19 04:15 pm
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US:NYSE Investor Relations:
sunocolp.com/investor-relations/default.aspx
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Source: The Motley Fool
The company hit the reset button by selling its retail filling station network, but management seems to be bringing back the playbook that got it in trouble. Around this time last year, Sunoco LP ( NYSE:SUN ) announced a transformative divestment. The sale of its extensive retail filling station network to convenience store specialist 7-Eleven was going to give management the cash it needed to clean up its balance sheet and provide it with a much more stable revenue source. One would have assumed that when the company made this transaction, Wall Street would reward the stock with a higher valuation. That hasn't been the case, though, as Sunoco's stock is still languishing with a sky-high distribution yield north of 12%. One has to wonder if this is a case of Wall Street not recognizing a transformed business, or if all those changes made aren't necessarily going to lead Sunoco to a brighter future. Let's take a look at what happened this past quarter to see if there
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News
- Sunoco LP (SUN) Rises As Market Takes a Dip: Key Facts [Yahoo! Finance]Yahoo! Finance
- Sunoco (SUN) Proceeds With Strategic Portfolio Optimization [Yahoo! Finance]Yahoo! Finance
- Sunoco LP Completes Acquisition of European Liquid Fuels Terminals and Divestiture of West Texas Assets; Reaffirms 2024 Adjusted EBITDA Guidance Range [Yahoo! Finance]Yahoo! Finance
- Sunoco LP Completes Acquisition of European Liquid Fuels Terminals and Divestiture of West Texas Assets; Reaffirms 2024 Adjusted EBITDA Guidance RangePR Newswire
- 7-Eleven, Inc. Completes Acquisition of 204 Stripes Stores [Yahoo! Finance]Yahoo! Finance
SUN
Earnings
- 2/14/24 - Miss
SUN
Sec Filings
- 4/19/24 - Form 4
- 4/19/24 - Form 4/A
- 4/17/24 - Form 8-K
- SUN's page on the SEC website