Sunoco LP Reaffirms 2024 Adjusted EBITDA Guidance Of $975M To $1B
Portfolio Pulse from Benzinga Newsdesk
Sunoco LP has reaffirmed its 2024 Adjusted EBITDA guidance, projecting it to be between $975 million and $1 billion. This forecast does not take into account the potential impact of the pending acquisition of NuStar Energy L.P.
February 14, 2024 | 12:15 pm
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Sunoco LP reaffirms its 2024 Adjusted EBITDA guidance to be between $975 million and $1 billion, excluding effects from the NuStar Energy L.P. acquisition.
Reaffirming guidance often signals management's confidence in the company's future performance. This positive outlook, especially when it aligns with or exceeds market expectations, can lead to increased investor confidence and potentially a positive impact on the stock price in the short term.
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