Sunoco LP: 3Q Earnings Snapshot
DALLAS (AP) _ Sunoco LP (SUN) on Wednesday reported third-quarter earnings of $66 million.
On a per-share basis, the Dallas-based company said it had profit of 57 cents.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share.
The master limited partnership posted revenue of $4.33 billion in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $4.4 billion.
Sunoco LP shares have increased 21% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $32.80, an increase of 24% in the last 12 months.