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Sunoco Logistics Partners Q4 Profit Declines - Quick Facts

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Sunoco Logistics Partners L.P. (SXL) announced that its fourth-quarter Limited Partners' interest in net income was $40.57 million, compared to $64.41 million in the same quarter last year. Net Income per Limited Partner unit was $1.30, compared to $2.23 in the year ago quarter.

Total Revenues for the quarter rose to $1.67 billion, from $1.58 billion in the year ago quarter. Analysts polled by Thomson Reuters expected the company to report revenues of $1.42 billion for the quarter. Analysts' estimates typically exclude special items.

The Partnership, in a joint announcement with Sunoco, Inc., also announced today the completion of a repurchase of the incentive distribution rights (IDRs) held by its general partner, Sunoco Partners LLC, a subsidiary of Sunoco, Inc., in exchange for the issuance of a new class of IDRs and $201.2 million, secured by a promissory note.

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Global Economics Weekly Update - Jun 08-12, 2026

June 12, 2026 17:14 ET
Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.