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.
For comments and feedback contact: editorial@rttnews.com
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.