Sunoco LP: 4Q Earnings Snapshot

·1 min read

DALLAS (AP) _ Sunoco LP (SUN) on Wednesday reported fourth-quarter profit of $83 million.

On a per-share basis, the Dallas-based company said it had profit of 77 cents.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share.

The master limited partnership posted revenue of $2.55 billion in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $2.77 billion.

For the year, the company reported profit of $212 million, or $1.61 per share. Revenue was reported as $10.71 billion.

Sunoco LP shares have risen 10% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $31.78, a climb of roughly 4% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SUN at https://www.zacks.com/ap/SUN