SUNC · SunocoCorp
AI read · Good for SUNC
The AI's read
The results point to more cash from the business and a larger payment to shareholders. The company also had $2.3 billion available on its credit line, and management said it expects more growth. The pipeline segment’s adjusted EBITDA fell to $166 million from $190 million the prior quarter. But total adjusted EBITDA set a record, and the refinery segment rose to $238 million. The stronger company-wide results and growing distribution weigh more heavily.