Sunoco Logistics Partners
The 10-second takeaway
For the quarter ended June 30 (Q2), Sunoco Logistics Partners beat expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share increased significantly.
Margins expanded across the board.
Sunoco Logistics Partners logged revenue of $3.32 billion. The five analysts polled by S&P Capital IQ expected revenue of $2.92 billion on the same basis. GAAP reported sales were 37% higher than the prior-year quarter's $2.42 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.28. The eight earnings estimates compiled by S&P Capital IQ predicted $0.71 per share. GAAP EPS of $1.28 for Q2 were 60% higher than the prior-year quarter's $0.80 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 6.9%, 40 basis points better than the prior-year quarter. Operating margin was 5.2%, 40 basis points better than the prior-year quarter. Net margin was 4.6%, 70 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $2.83 billion. On the bottom line, the average EPS estimate is $0.67.
Next year's average estimate for revenue is $11.83 billion. The average EPS estimate is $2.82.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 171 members out of 181 rating the stock outperform, and 10 members rating it underperform. Among 46 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 44 give Sunoco Logistics Partners a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Sunoco Logistics Partners is hold, with an average price target of $38.94.
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