Report
Joe Gemino
EUR 147.86 For Business Accounts Only

Sunoco Logistics' 3Q Roughly In Line; Focus on Setting Table for Permian and Marcellus Leadership

Sunoco Logistics Partners reported third-quarter results slightly behind expectations, with adjusted EBITDA of $312 million versus consensus at $324 million. Nevertheless, we believe positive management commentary about 25% year-on-year growth in "blue bar" contracted earnings and a new joint venture with ExxonMobil in the Permian Basin should support the unit price. Growth in the partnership’s contracted cash flow came from the start of operations on its Delaware Basin Extension, Permian Longvi...
Underlying
Sunoco Logistics Partners LP

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Joe Gemino

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