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Sunoco LP Files 2023 Annual Report on Form 10-K

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Sunoco LP (NYSE: SUN) filed its 2023 Annual Report on Form 10-K, showcasing operational and financial results for the fiscal year ended December 31, 2023. The partnership, a master limited partnership, distributes motor fuel to various customers across the U.S. states and territories. Sunoco LP's general partner is Energy Transfer LP (NYSE: ET). The report is available on the company's website and the SEC's website, offering insights into audited financial statements.
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Insights

Reviewing Sunoco LP's fiscal year-end financial results provides critical insights into the company's operational performance and financial health. An analysis of the audited financial statements, particularly the income statement, balance sheet and cash flow statement, can reveal key metrics such as revenue growth, profit margins, debt levels and operational efficiency. These metrics are crucial for assessing the company's ability to generate shareholder value, service its debt and fund future operations. Additionally, comparing these results against industry benchmarks and previous periods can help in understanding the company's competitive position and any emerging financial trends.

Sunoco LP's extensive distribution network, serving over 10,000 outlets across a broad geographic area, indicates a significant market presence in the fuel distribution sector. The company's performance is closely tied to macroeconomic factors such as fuel prices, consumer demand and regulatory changes. An analysis of the market dynamics, including the supply-demand balance for motor fuel and the impact of energy transition trends on traditional fuel businesses, can provide a comprehensive view of the potential risks and opportunities facing Sunoco LP. This perspective is vital for stakeholders to understand the market forces that could affect the company's future growth prospects.

As an Energy Sector Analyst, understanding the strategic implications of Sunoco LP's refined product transportation and terminalling assets is essential. These assets play a critical role in the company's value chain by ensuring the efficient movement and storage of products, which can affect overall profitability. Analyzing the operational efficiency and capacity utilization of these assets, as well as their strategic positioning in relation to key markets and infrastructure, can provide insights into Sunoco LP's competitive advantages or vulnerabilities within the energy sector. Additionally, considering the energy transition and the shift towards renewable energy sources, it is important to evaluate how Sunoco LP is adapting its business model to maintain relevance in a changing energy landscape.

DALLAS, Feb. 16, 2024 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN" or the "Partnership") on February 16, 2024, filed operational and financial results for the fiscal year ended December 31, 2023, on Form 10-K with the U.S. Securities and Exchange Commission. The Annual Report on Form 10-K is available in the Investor Relations section of the Partnership's website at www.sunocolp.com under "SEC Filings & Financial Reports," as well as on the SEC's website at www.sec.gov.

Sunoco LP unitholders may also request a printed copy of the report, which contains the Partnership's audited financial statements, free of charge by emailing IR@SunocoLP.com or by completing the request form on the Investor Relations website.

Sunoco LP (NYSE: SUN) is a master limited partnership with core operations that include the distribution of motor fuel to approximately 10,000 convenience stores, independent dealers, commercial customers and distributors located in more than 40 U.S. states and territories as well as refined product transportation and terminalling assets. SUN's general partner is owned by Energy Transfer LP (NYSE: ET).

Contacts

Investors:
Scott Grischow, Treasurer, Senior Vice President – Finance
(214) 840-5660, scott.grischow@sunoco.com

Media:
Alexis Daniel, Manager – Communications
(214) 981-0739, alexis.daniel@sunoco.com 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/sunoco-lp-files-2023-annual-report-on-form-10-k-302064431.html

SOURCE Sunoco LP

FAQ

What type of partnership is Sunoco LP?

Sunoco LP is a master limited partnership.

What does Sunoco LP distribute?

Sunoco LP distributes motor fuel to approximately 10,000 convenience stores, independent dealers, commercial customers, and distributors.

Who is Sunoco LP's general partner?

Sunoco LP's general partner is Energy Transfer LP (NYSE: ET).

Where can investors find Sunoco LP's 2023 Annual Report?

Investors can find Sunoco LP's 2023 Annual Report on Form 10-K on the company's website and the SEC's website.

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Oil & Gas Refining & Marketing
Petroleum Refining
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United States of America
DALLAS