Sunoco Q3 Earnings: Revenue Drop, Stronger Cash Flow & More

Sunoco LP (NYSE:SUN) shares are trading lower after it reported third-quarter revenues of $5.75 billion, which missed the consensus of $6.508 billion.

Adjusted distributable cash flow of $349 million was higher than $181 million a year ago. Adjusted EBITDA increased to $456 million from $257 million a year ago.

The Fuel Distribution segment sold around 2.1 billion gallons of fuel (+1% year over year), with the fuel margin for ...