Sunoco Logistics Partners L.P. (SXL) reported third-quarter net income of $48.5 million or $1.13 per limited partner unit compared to $50.3 million or $1.41 per limited partner unit last year.
The company noted that quarterly net income was negatively impacted by timing of contango crude oil inventory positions and will reverse in the next two quarters.
On average, 13 analysts polled by Thomson Reuters expected the company to report profit of $1.44 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues decreased to $1.43 billion from $2.84 billion last year. Analysts expected revenue of $1.28 billion for the quarter.
Sunoco Partners LLC, the general partner of Sunoco Logistics Partners L.P., declared a cash distribution for the third quarter of $1.065 per common partnership unit. The distribution is payable November 13, 2009 to unit holders of record on November 6, 2009.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.