Sunoco Reaffirms FY24 Adj. EBITDA Outlook Of $1.46B-$1.52B
Portfolio Pulse from Benzinga Newsdesk
Sunoco has reaffirmed its FY24 Adjusted EBITDA outlook of $1.46 billion to $1.52 billion. The company expects $50 million in synergies from the NuStar acquisition and $100 million in transaction-related expenses. Growth capital expenditures are projected to exceed $300 million, with maintenance capital expenditures around $120 million.
August 07, 2024 | 11:06 am
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Sunoco has reaffirmed its FY24 Adjusted EBITDA outlook of $1.46 billion to $1.52 billion, indicating stable financial performance. The company expects $50 million in synergies from the NuStar acquisition and $100 million in transaction-related expenses. Growth capital expenditures are projected to exceed $300 million, with maintenance capital expenditures around $120 million.
Reaffirming the FY24 Adjusted EBITDA outlook suggests confidence in financial stability and performance. The expected synergies from the NuStar acquisition and detailed capital expenditure plans indicate strategic growth and operational efficiency.
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