Sunoco Historical Income Statement

SUN Stock

USD 54.33 0.31 0.57%

Historical analysis of Sunoco LP income statement accounts such as Gross Profit of 882.4 M, Other Operating Expenses of 13.6 B, Operating Income of 666.8 M or Ebit of 361.7 M can show how well Sunoco LP performed in making a profits. Evaluating Sunoco LP income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Sunoco LP's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining Sunoco LP latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Sunoco LP is a good buy for the upcoming year.

Net Income Gross Profit

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sunoco LP. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

To learn how to invest in Sunoco Stock, please use our How to Invest in Sunoco LP guide.

About Sunoco Income Statement Analysis

Sunoco LP Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Sunoco LP shareholders. The income statement also shows Sunoco investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Sunoco LP Income Statement Chart

At this time, Sunoco LP's Income Tax Expense is very stable compared to the past year. As of the 24th of November 2024, Net Income From Continuing Ops is likely to grow to about 582.8 M, while Interest Expense is likely to drop about 122.7 M.

Selling General Administrative Total Revenue Gross Profit Other Operating Expenses Tax Provision

Total Revenue

Total revenue comprises all receipts Sunoco LP generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Sunoco LP minus its cost of goods sold. It is profit before Sunoco LP operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Sunoco LP. It is also known as Sunoco LP overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Most accounts from Sunoco LP's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Sunoco LP current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sunoco LP. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

To learn how to invest in Sunoco Stock, please use our How to Invest in Sunoco LP guide.At this time, Sunoco LP's Income Tax Expense is very stable compared to the past year. As of the 24th of November 2024, Net Income From Continuing Ops is likely to grow to about 582.8 M, while Interest Expense is likely to drop about 122.7 M.

	2021	2022	2023	2024 (projected)
Interest Expense	163M	182M	220M	122.7M
Depreciation And Amortization	177M	193M	187M	196.4M

Interest Expense Depreciation And Amortization

Sunoco LP income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Net Income From Continuing Ops	Non Recurring	Discontinued Operations	Selling And Marketing Expenses	Minority Interest	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Non Operating Income Net Other
Depreciation And Amortization		0.36	0.38	0.6	0.5	0.6	0.69	0.55	0.73	0.6	0.35	0.71	0.01	0.65	0.42	0.63	-0.35	-0.17	-0.4	0.56	0.28	0.03	-0.16	0.53	-0.6
Interest Expense	0.36		0.73	0.82	0.79	0.81	0.51	0.89	0.82	0.81	0.56	0.31	-0.56	0.28	-0.25	0.43	0.15	-0.87	-0.19	0.92	-0.39	-0.52	0.03	0.51	-0.59
Selling General Administrative	0.38	0.73		0.71	0.97	0.71	0.17	0.63	0.62	0.67	0.97	-0.05	-0.67	-0.1	-0.1	-0.01	0.49	-0.68	-0.07	0.81	-0.25	-0.37	0.04	0.17	-0.15
Total Revenue	0.6	0.82	0.71		0.83	1.0	0.67	0.92	0.92	1.0	0.59	0.53	-0.38	0.4	0.15	0.52	0.05	-0.68	-0.22	0.86	-0.01	-0.35	0.11	0.55	-0.58
Gross Profit	0.5	0.79	0.97	0.83		0.83	0.32	0.78	0.77	0.8	0.92	0.14	-0.63	0.08	0.0	0.15	0.34	-0.73	-0.1	0.86	-0.17	-0.3	0.07	0.28	-0.34
Other Operating Expenses	0.6	0.81	0.71	1.0	0.83		0.67	0.91	0.91	1.0	0.59	0.53	-0.38	0.4	0.15	0.52	0.05	-0.67	-0.22	0.85	-0.01	-0.35	0.11	0.55	-0.57
Operating Income	0.69	0.51	0.17	0.67	0.32	0.67		0.68	0.72	0.69	0.03	0.92	0.19	0.8	0.22	0.94	-0.32	-0.31	-0.59	0.65	0.09	-0.11	-0.07	0.74	-0.75
Ebit	0.55	0.89	0.63	0.92	0.78	0.91	0.68		0.97	0.92	0.47	0.59	-0.38	0.51	0.07	0.59	-0.07	-0.79	-0.19	0.87	-0.07	-0.23	0.16	0.58	-0.77
Ebitda	0.73	0.82	0.62	0.92	0.77	0.91	0.72	0.97		0.92	0.49	0.67	-0.29	0.59	0.18	0.64	-0.15	-0.67	-0.2	0.85	0.03	-0.15	0.12	0.58	-0.78
Cost Of Revenue	0.6	0.81	0.67	1.0	0.8	1.0	0.69	0.92	0.92		0.55	0.56	-0.35	0.42	0.16	0.55	0.02	-0.66	-0.23	0.84	0.0	-0.35	0.12	0.57	-0.59
Total Operating Expenses	0.35	0.56	0.97	0.59	0.92	0.59	0.03	0.47	0.49	0.55		-0.16	-0.64	-0.2	-0.05	-0.15	0.52	-0.54	0.0	0.67	-0.19	-0.27	0.03	0.04	0.0
Income Before Tax	0.71	0.31	-0.05	0.53	0.14	0.53	0.92	0.59	0.67	0.56	-0.16		0.39	0.93	0.33	0.94	-0.49	-0.12	-0.41	0.43	0.25	0.09	0.01	0.68	-0.8
Total Other Income Expense Net	0.01	-0.56	-0.67	-0.38	-0.63	-0.38	0.19	-0.38	-0.29	-0.35	-0.64	0.39		0.43	0.08	0.31	-0.19	0.77	0.18	-0.48	0.15	0.51	0.13	-0.19	0.07
Net Income	0.65	0.28	-0.1	0.4	0.08	0.4	0.8	0.51	0.59	0.42	-0.2	0.93	0.43		0.11	0.92	-0.47	-0.03	-0.33	0.34	0.04	0.12	-0.18	0.53	-0.78
Income Tax Expense	0.42	-0.25	-0.1	0.15	0.0	0.15	0.22	0.07	0.18	0.16	-0.05	0.33	0.08	0.11		0.04	-0.39	0.06	-0.2	-0.05	0.98	0.23	0.32	0.32	-0.29
Net Income From Continuing Ops	0.63	0.43	-0.01	0.52	0.15	0.52	0.94	0.59	0.64	0.55	-0.15	0.94	0.31	0.92	0.04		-0.43	-0.18	-0.53	0.51	-0.05	-0.05	-0.22	0.66	-0.77
Non Recurring	-0.35	0.15	0.49	0.05	0.34	0.05	-0.32	-0.07	-0.15	0.02	0.52	-0.49	-0.19	-0.47	-0.39	-0.43		-0.1	0.36	0.14	-0.41	-0.25	0.21	-0.37	0.48
Discontinued Operations	-0.17	-0.87	-0.68	-0.68	-0.73	-0.67	-0.31	-0.79	-0.67	-0.66	-0.54	-0.12	0.77	-0.03	0.06	-0.18	-0.1		0.22	-0.81	0.17	0.48	-0.16	-0.55	0.55
Selling And Marketing Expenses	-0.4	-0.19	-0.07	-0.22	-0.1	-0.22	-0.59	-0.19	-0.2	-0.23	0.0	-0.41	0.18	-0.33	-0.2	-0.53	0.36	0.22		-0.37	-0.11	0.3	0.61	-0.63	0.41
Minority Interest	0.56	0.92	0.81	0.86	0.86	0.85	0.65	0.87	0.85	0.84	0.67	0.43	-0.48	0.34	-0.05	0.51	0.14	-0.81	-0.37		-0.23	-0.47	0.02	0.63	-0.6
Tax Provision	0.28	-0.39	-0.25	-0.01	-0.17	-0.01	0.09	-0.07	0.03	0.0	-0.19	0.25	0.15	0.04	0.98	-0.05	-0.41	0.17	-0.11	-0.23		0.3	0.34	0.22	-0.2
Interest Income	0.03	-0.52	-0.37	-0.35	-0.3	-0.35	-0.11	-0.23	-0.15	-0.35	-0.27	0.09	0.51	0.12	0.23	-0.05	-0.25	0.48	0.3	-0.47	0.3		0.23	-0.49	0.09
Net Interest Income	-0.16	0.03	0.04	0.11	0.07	0.11	-0.07	0.16	0.12	0.12	0.03	0.01	0.13	-0.18	0.32	-0.22	0.21	-0.16	0.61	0.02	0.34	0.23		-0.03	-0.04
Reconciled Depreciation	0.53	0.51	0.17	0.55	0.28	0.55	0.74	0.58	0.58	0.57	0.04	0.68	-0.19	0.53	0.32	0.66	-0.37	-0.55	-0.63	0.63	0.22	-0.49	-0.03		-0.78
Non Operating Income Net Other	-0.6	-0.59	-0.15	-0.58	-0.34	-0.57	-0.75	-0.77	-0.78	-0.59	0.0	-0.8	0.07	-0.78	-0.29	-0.77	0.48	0.55	0.41	-0.6	-0.2	0.09	-0.04	-0.78

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Sunoco LP Account Relationship Matchups

Sunoco LP income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	171.9K	189M	177M	193M	187M	196.4M
Interest Expense	173M	175M	163M	182M	220M	122.7M
Selling General Administrative	197M	173M	168M	183M	194M	173.9M
Total Revenue	16.6B	10.7B	17.6B	25.7B	23.1B	13.9B
Gross Profit	1.0B	867M	1.2B	1.2B	1.2B	882.4M
Other Operating Expenses	16.1B	10.3B	16.9B	25.1B	22.4B	13.6B
Operating Income	354M	237M	562M	477M	635M	666.8M
Ebit	536.8M	413M	717M	684M	650M	361.7M
Ebitda	537M	602M	894M	877M	837M	446.4M
Cost Of Revenue	15.6B	9.8B	16.4B	24.5B	21.9B	13.0B
Total Operating Expenses	501M	448M	438M	521M	374M	506.9M
Income Before Tax	296M	236M	554M	501M	430M	451.5M
Total Other Income Expense Net	(58M)	(181M)	(8M)	(177M)	(205M)	(194.8M)
Net Income Applicable To Common Shares	313M	212M	524M	475M	546.3M	573.6M
Net Income	313M	212M	446M	397M	311M	326.6M
Income Tax Expense	(17M)	24M	30M	26M	36M	37.8M
Net Income From Continuing Ops	313M	212M	524M	475M	555M	582.8M
Tax Provision	(17M)	24M	30M	26M	23M	24.2M
Net Interest Income	(144M)	(173M)	(175M)	(163M)	(182M)	(219.5M)
Reconciled Depreciation	182M	183M	189M	177M	193M	200.5M

Pair Trading with Sunoco LP

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Sunoco LP position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sunoco LP will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Sunoco LP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sunoco LP when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sunoco LP - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sunoco LP to buy it.

The correlation of Sunoco LP is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sunoco LP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sunoco LP moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Sunoco LP can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Sunoco LP offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Sunoco LP's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Sunoco Lp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sunoco Lp Stock:

How To Invest In Sunoco

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Is Sunoco Stock a good investment?

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What is Sunoco LP's Net Worth?

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To learn how to invest in Sunoco Stock, please use our How to Invest in Sunoco LP guide.

You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.

Is Oil & Gas Storage & Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Sunoco LP. If investors know Sunoco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Sunoco LP listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

3.936

Dividend Share

3.469

Earnings Share

3.91

Revenue Per Share

218.578

Quarterly Revenue Growth

(0.09)

The market value of Sunoco LP is measured differently than its book value, which is the value of Sunoco that is recorded on the company's balance sheet. Investors also form their own opinion of Sunoco LP's value that differs from its market value or its book value, called intrinsic value, which is Sunoco LP's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sunoco LP's market value can be influenced by many factors that don't directly affect Sunoco LP's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Sunoco LP's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sunoco LP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sunoco LP's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Sunoco Historical Income Statement

About Sunoco Income Statement Analysis

Sunoco LP Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Tax Provision

Sunoco LP income statement Correlations

Sunoco LP Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Sunoco LP income statement Accounts

Pair Trading with Sunoco LP

COMMON DESTINATIONS

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Other Operating Expenses	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Other Operating Expenses
Tax Provision	+ 0.98	Income Tax Expense
Gross Profit	+ 0.97	Selling General Administrative
Total Operating Expenses	+ 0.97	Selling General Administrative

Discontinued Operations	- 0.87	Interest Expense
Minority Interest	- 0.81	Discontinued Operations
Non Operating Income Net Other	- 0.8	Income Before Tax
Discontinued Operations	- 0.79	Ebit
Non Operating Income Net Other	- 0.78	Reconciled Depreciation
Non Operating Income Net Other	- 0.78	Net Income