Sunoco LP

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  • uploads///whats behind suncos rise
    Company & Industry Overviews

    What’s behind Sunoco’s Rise This Year?

    Sunoco’s rise Sunoco (SUN) has risen nearly 13% so far in 2017. In comparison, the Alerian MLP Index has fallen nearly 15%. Energy Transfer Equity (ETE)—Sunoco’s parent—owns Sunoco’s GP (general partner) interests and IDRs (incentive distribution rights). Sunoco operates retail fuel sites and convenience stores and distributes motor fuel to convenience stores, dealers, commercial customers, and distributors. […]

    By Rekha Khandelwal, CFA
  • uploads///top gainers
    Miscellaneous

    These Were the Top-Performing MLPs in April 2017

    Sunoco (SUN), an MLP involved in wholesale and retail distribution and marketing of refined products, was the top gainer among MLPs in April 2017.

    By Kurt Gallon
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    Earnings Report

    What Boosted Casey’s Shareholder Returns in Fiscal 3Q16?

    Casey’s General Stores (CASY) stock has yielded strong returns for its shareholders. The stock price rose by around 35% in 2015 after rising 30% in 2014.

    By Sonya Bells
  • uploads///A
    Earnings Report

    Analyzing Casey’s Fiscal 3Q16 ahead of Its Fiscal 4Q16 Results

    Casey’s General Stores reported a 6.3% YoY (year-over-year) fall in total sales to $1.6 billion in fiscal 3Q16, missing consensus estimates by $29 million.

    By Sonya Bells
  • uploads///index_yields
    Miscellaneous

    MLPs Are Still a Top Income Investment Option

    Yields for MLPs have come down in recent quarters, driven by the slight recovery of investor confidence in the energy sector.

    By Kurt Gallon
  • uploads///gesture _
    Earnings Report

    Energy Transfer’s Strong Growth Continued in Q4 2018

    Energy Transfer (ET) released its fourth-quarter and full-year 2018 earnings yesterday.

    By Vineet Kulkarni
  • uploads///top gainers
    Energy & Utilities

    HEP, ENBL, GEL, DM: Top MLP Gainers Last Week

    Holly Energy Partners (HEP), Enable Midstream Partners (ENBL), and Genesis Energy (GEL) were the top MLP gainers last week.

    By Rekha Khandelwal, CFA
  • uploads///US High Yield Bond Market Issuance
    Company & Industry Overviews

    High Yield Bond Issuance Hit 2016 Record Last Week

    High yield bond issuance surged last week and hit its highest level in 2016 yet due to continued growth in volume.

    By Lynn Noah
  • uploads///Loss
    Energy & Utilities

    Who Were the Top MLP Losers Last Week?

    Four of the top MLP losers last week were marine transportation MLPs, including GMLP, CPLP, KNOP, and NAP.

    By Kurt Gallon
  • uploads///ebitda trend
    Company & Industry Overviews

    Why Energy Transfer Partners’ Earnings Are on the Rise

    Energy Transfer Partners (ETP) reported adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) of $1.9 billion in 4Q17.

    By Rekha Khandelwal, CFA
  • uploads///distribution trend
    Company & Industry Overviews

    Behind ETP’s, EEP’s, BPL’s, and SUN’s High Yields

    After a 6.3% fall on March 15, 2018, Energy Transfer Partners (ETP) is trading at a distribution yield of ~13.6%.

    By Rekha Khandelwal, CFA
  • uploads///outperformers
    Energy & Utilities

    ENLC, ALTM, SUN, and SHLX: Top Midstream Gains and Losses

    EnLink Midstream Partners and EnLink Midstream (ENLC) fell 11.3% and 10.2%, respectively, last week.

    By Rekha Khandelwal, CFA
  • uploads///Indias CPI Combined
    Macroeconomic Analysis

    Why It’s Important to Keep an Eye on India’s CPI Inflation

    Though India’s CPI inflation has come down, certain risk factors could cause it to rise again.

    By David Ashworth
  • uploads///top gainers
    Energy & Utilities

    Here Are the Top-Performing MLPs and Midstream Stocks Last Week

    Cheniere Energy (LNG), Teekay LNG Partners (TGP), and Golar LNG Partners (GMLP) were among the top gainers in the MLP and midstream sector last week.

    By Rekha Khandelwal, CFA
  • uploads///EBITDA
    Company & Industry Overviews

    An Analysis of Energy Transfer Equity’s EBITDA Growth

    Energy Transfer Equity’s adjusted EBITDA has continued to grow over the recent quarters. For 2Q15, its adjusted EBITDA grew by 15% YoY compared to 2Q14.

    By Kurt Gallon
  • uploads///outperformers
    Energy & Utilities

    These Midstream and MLP Stocks Gained the Most Last Week

    Williams Companies (WMB) gained 5.2% last week. Strong third-quarter performance drove the stock up.

    By Rekha Khandelwal, CFA
  • uploads///P Gems
    Company & Industry Overviews

    Energy Transfer Partners’ subsidiary interests are hidden gems

    ETP believes “significant value is embedded” within Energy Transfer Partners’ subsidiary interests in these companies.

    By Manas Chowgule, CFA
  • uploads///cash flow
    Company & Industry Overviews

    Why Energy Transfer Equity’s Cash Flow Could Stay Flat in 2016

    Energy Transfer Equity (ETE), which is mainly dependent upon distribution income from its MLP subsidiaries, declared a distribution of $0.29 per unit in 1Q16.

    By Kurt Gallon
  • uploads///org struc
    Company & Industry Overviews

    ETE, PAGP, WGP, and ENLC: Analyzing MLPs’ General Partners

    In this series, we’ll perform a comparative analysis of four MLPs’ general partners: Energy Transfer Equity, Plains GP Holdings, Western Gas Equity Partners, and EnLink Midstream LLC.

    By Kurt Gallon
  • uploads///
    Consumer

    CASY’s Fiscal 1Q17 Results Miss on Top and Bottom Lines

    Casey’s General Stores (CASY) reported fiscal 1Q17 earnings per share (or EPS) of $1.70, missing the Wall Street analyst estimate by $0.11.

    By Sonya Bells
  • uploads///analysts ratings
    Energy & Utilities

    MLP and Midstream Rating Updates Last Week

    On February 19, TD Securities raised its target price for Enbridge (ENB) from 56 Canadian dollars to 57 Canadian dollars.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Company & Industry Overviews

    7 MLPs Offering a Yield above 10%

    NGL Energy Partners is trading at a yield of ~14.1%. NGL Energy Partners’ distributions have been flat for the last ten quarters.

    By Rekha Khandelwal, CFA
  • uploads///analyst recom
    Energy & Utilities

    OKE, HCLP, SUN: Key Midstream and MLP Rating Updates Last Week

    Of the 18 analysts covering ONEOK, five have rated the stock as a “strong buy,” four have rated it as a “buy,” and the remaining nine have rated it as a “hold.”

    By Rekha Khandelwal, CFA
  • uploads///best performing mlps
    Energy & Utilities

    Which MLPs Were the Strongest in the Third Quarter?

    Royalty interest owner MLP Viper Energy Partners (VNOM) rose ~32% in the third quarter.

    By Rekha Khandelwal, CFA
  • uploads///analyst recom
    Energy & Utilities

    HCLP, BPL, SUN, and USAC: Are Analysts Cautious?

    For Hi-Crush Partners (HCLP), one analyst rated the stock as a “strong buy,” nine rated it as a “buy,” and seven rated it as a “hold.”

    By Rekha Khandelwal, CFA
  • uploads///pipeline _
    Earnings Report

    Energy Transfer Partners Is Firing on All Cylinders

    Energy Transfer Partners (ETP) posted strong earnings growth in the second quarter of 2018 and beat earnings estimates.

    By Kurt Gallon
  • uploads///alaska _
    Earnings Report

    What Could Drive Energy Transfer Partners’ Earnings?

    Energy Transfer Equity (ETE), Energy Transfer Partners (ETP), and Sunoco LP (SUN) are scheduled to report their second-quarter earnings on August 8.

    By Kurt Gallon
  • uploads///pipeline _
    Earnings Report

    Energy Transfer Partners: Possible Earnings Drivers in 1Q18

    Energy Transfer Equity (ETE), Energy Transfer Partners (ETP), and Sunoco (SUN) are scheduled to report their 1Q18 earnings on May 9.

    By Kurt Gallon
  • uploads/// percent analysts rated etp as buy
    Energy & Utilities

    Analysts’ Views on High-Yield MLP Stocks

    Of analysts surveyed by Reuters, 75% rated Energy Transfer Partners (ETP) as a “buy” and the remaining 25% rated it as a “hold.”

    By Rekha Khandelwal, CFA
  • uploads///anr
    Energy & Utilities

    Last Week’s MLP Rating Updates: Must-Knows

    Global Partners (GLP), a midstream MLP involved in crude oil, refined product, and NGLs (natural gas liquids) logistics and marketing, saw two target price revisions and one ratings update last week.

    By Kurt Gallon
  • uploads///institutional ownership
    Company & Industry Overviews

    Analyzing Institutional Investor Activity in ETP, EEP, BPL, SUN

    The top ten institutional investors in Energy Transfer Partners (ETP) added 66.8 million ETP shares to their positions, according to the latest filings.

    By Rekha Khandelwal, CFA
  • uploads///short interest
    Company & Industry Overviews

    Comparing Short Interest in ETP, EEP, BPL, and SUN

    Short interest represents the number of shares of a particular stock that have been shorted but haven’t yet been closed out.

    By Rekha Khandelwal, CFA
  • uploads///debt to ebitda ratios
    Company & Industry Overviews

    ETP, EEP, BPL, and SUN: A Leverage Analysis

    Energy Transfer Partners (ETP) had a huge debt, of more than $32 billion, at the end of 2017.

    By Rekha Khandelwal, CFA
  • uploads///SUN
    Company & Industry Overviews

    Analyzing Sunoco’s High Distribution Yield

    Sunoco (SUN) is trading at a high distribution yield of ~11.7%. It paid a distribution of ~$0.83 per share in 4Q17.

    By Rekha Khandelwal, CFA
  • uploads///EEP
    Company & Industry Overviews

    What’s behind Enbridge Energy Partners’ Attractive Yield?

    With a yield of 11.1%, Enbridge Energy Partners (EEP) is trading at a yield close to Buckeye Partners (BPL).

    By Rekha Khandelwal, CFA
  • uploads///anr
    Energy & Utilities

    MLP Rating Updates during the Week Ending March 2

    CrossAmerica Partners announced an adjusted EBITDA of $28.6 million in 4Q17—compared to $27.2 million in 4Q16.

    By Kurt Gallon
  • uploads///nspc
    Energy & Utilities

    SUN’s Repurchase Agreement Could Impact ETP’s Stock Performance

    Sunoco LP (SUN), the downstream MLP subsidiary of Energy Transfer Equity (ETE), announced a share repurchased agreement with Energy Transfer Partners (ETP).

    By Kurt Gallon
  • uploads///NSPC
    Earnings Report

    What Drove ETP’s and ETE’s Stock Performance in 2Q17

    Energy Transfer Equity (ETE) and Energy Transfer Partners’ (ETP) stock performance was weak during the second quarter of 2017.

    By Kurt Gallon
  • uploads///nspc
    Miscellaneous

    ETE Underperformed AMLP Last Week: Can It Bounce Back?

    Energy Transfer Equity (ETE), which directly and indirectly owns the GP (general partner) of Energy Transfer Partners (ETP) and Sunoco Logistics Partners (SXL), fell 1.7% last week.

    By Kurt Gallon
  • uploads///coveniece stores
    Miscellaneous

    Why SUN Rallied 20% after Convenience Store Sale Announcement

    On April 6, 2017, Sunoco (SUN) announced the sale of 1,110 convenience stores to 7-Eleven in a deal valued at $3.3 billion.

    By Kurt Gallon
  • uploads///leverage position
    Miscellaneous

    Why Sunoco Decided to Sell Most of Its Retail Business

    Sunoco LP’s (SUN) retail business will become a small part of its overall offering following the completion of its announced convenience store divestitures.

    By Kurt Gallon
  • uploads///stock performance
    Company & Industry Overviews

    Can Energy Transfer Equity Continue Its Strong Rally in 2017?

    Energy Transfer Equity (ETE), the pure play general partner MLP of Energy Transfer Group, has risen 42.6% year-to-date despite touching its multiyear lows in the beginning of 2016.

    By Kurt Gallon
  • uploads///
    Earnings Report

    A Look at Casey’s Shareholder Returns and Valuations

    Shares of Casey’s General Stores (CASY) fell 2.0% on December 8, 2016, a day after it failed to meet expectations in its fiscal 2Q17 results.

    By Sonya Bells
  • uploads///vtti
    Macroeconomic Analysis

    MLPs Looking for Strategic Acquisitions amid Project Delays

    MLPs have also started focusing more on bolt-on acquisitions over organic projects due to project delays.

    By Kurt Gallon
  • uploads///eeps short interest as percent of float
    Company & Industry Overviews

    A Look at the Short Interest in Enbridge Energy Partners’ Stock

    Enbridge Energy Partners’ (EEP) short interest as a percentage of its float is 3.9%, compared to the average of 2.3% for Alerian MLP Index (AMZ) members.

    By Rekha Khandelwal, CFA
  • uploads///distribution
    Earnings Report

    ETP’s Coverage Fall Might Delay Distribution Growth Resumption

    Energy Transfer Partners’ distribution growth Energy Transfer Partners (ETP) declared a distribution of ~$1.1 per unit for 3Q16. This represents flat distribution as compared to the previous quarter and the same quarter one year previously, due to high leverage and low coverage. On ETP’s distribution growth resumption, Kelcy Warren, ETP’s Chief Executive Officer, said in […]

    By Kurt Gallon
  • uploads///
    Consumer

    A Look at Casey’s Dividends, Valuations, and Ratings

    Casey’s (CASY) is currently trading at a one-year forward price-to-earnings ratio of 21.8x.

    By Sonya Bells
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    Consumer

    In Search of Anything to Be Pleased with about Casey’s 1Q Results

    For 1Q17, which ended July 31, 2016, Casey’s General Stores (CASY) reported a 3.8% decline in total sales to $2.0 billion.

    By Sonya Bells
  • uploads///
    Earnings Report

    What Does Wall Street Recommend for Casey’s?

    Ten of the 13 analysts rating Casey’s have given the company a “buy.” Three have given it a “hold,” and none have given it a “sell.”

    By Sonya Bells
  • uploads///Ownership details
    Company & Industry Overviews

    DCP Midstream’s Short Interest Is above the Industry Average

    DCP Midstream Partners’ (DPM) short interest as a percentage of float increased before its 2Q16 earnings announcement.

    By Kurt Gallon
  • uploads///aldws stock price and SI as percent of float
    Company & Industry Overviews

    What Does Alon USA Partners’ Short Interest Indicate?

    Alon USA Partners’ short interest as a percentage of its float is 7.2% compared to the average of 2.6% for all Alerian MLP Index members.

    By Rekha Khandelwal, CFA
  • uploads///Inst ownership
    Company & Industry Overviews

    NGL Energy’s Short Interest is on Par With the Industry Average

    NGL Energy’s (NGL) short interest as a percentage of float has moved dramatically since the beginning of 2016.

    By Kurt Gallon
  • uploads///Short Interest
    Company & Industry Overviews

    How Does NuStar Energy’s Short Ratio Compare?

    NuStar Energy’s (NS) short interest as a percentage of float, or short ratio, has changed dramatically since the beginning of 2016.

    By Kurt Gallon
  • uploads///clmt institutional holdings
    Fund Managers

    Calumet: What Are Institutional Investors Thinking?

    Nearly 20.9% of Calumet’s floating shares are held by ~139 institutional investors. The percentage of float held decreased from nearly 24.2% at the end of 1Q16.

    By Rekha Khandelwal, CFA
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    Earnings Report

    Has Casey’s Been a Good Investment for Its Shareholders?

    Casey’s peers CST Brands (CST) and Murphy USA (MUSA) have given higher returns to shareholders compared to Casey’s.

    By Sonya Bells
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    Earnings Report

    Analyzing the Valuations of Casey’s and Its Peers

    Casey’s General Stores (CASY) is expected to register strong earnings growth in the final quarter of its fiscal 2016.

    By Sonya Bells
  • uploads///ASPC
    Earnings Report

    Why Did ETE and ETP Surge after the 1Q16 Earnings Release?

    Energy Transfer Equity (ETE) and Energy Transfer Partners (ETP) rallied 7.1% and 8.8%, respectively, following their 1Q16 earnings conference call.

    By Kurt Gallon
  • uploads///
    Company & Industry Overviews

    How CASY Expanded Its Business and Maintained Its Balance Sheet

    CASY has followed a disciplined growth approach, expanding both organically as well as inorganically while keeping its balance sheet in check.

    By Sonya Bells
  • uploads///Junk Bond Yields in  and
    Company & Industry Overviews

    Numericable Issued the Most Junk Bonds in the Week to April 8

    Numericable SFR is a French cable and telecommunications company. It issued dollar-denominated junk bonds worth $5.2 billion on April 6.

    By Lynn Noah
  • uploads///US High Yield Bond Fund Flows
    Company & Industry Overviews

    High Yield Bond Funds Saw Inflows while Yields Continued to Fall

    According to Lipper, net inflows from high yield bond funds totaled $1.2 billion in the week ended April 6.

    By Lynn Noah
  • uploads///
    Earnings Report

    How Did Fuel Prices Treat Casey’s Margins in Fiscal 3Q16?

    The contribution of the fuel category toward Casey’s top line has seen a continuous fall over the past few quarters due to low fuel prices.

    By Sonya Bells
  • uploads///Gasoline stocks
    Macroeconomic Analysis

    How Gasoline Inventory Supported Crude Oil Prices

    The EIA (U.S. Energy Information Administration) reported that the US gasoline inventory fell by 2.2 MMbbls (million barrels) to 256.5 MMbbls for the week ending February 19, 2016.

    By Gordon Kristopher
  • uploads///crude oil refinery demand
    Macroeconomic Analysis

    Vicious Circle: Gasoline and Diesel Prices Impact Refinery Demand

    Lower refined products prices led to the fall in refinery demand. The EIA reported that US refined demand fell to 15.5 MMbpd for the week ending February 5.

    By Gordon Kristopher
  • uploads///US Regular Gasoline Prices
    Macroeconomic Analysis

    Will Gasoline Prices Remain Lower for Even Longer?

    The EIA’s weekly gasoline and diesel fuel price update released on January 25, 2016. It showed that US regular gasoline retail prices averaged $1.85 per gallon.

    By Manu Milan
  • uploads///Net debt to EBITDA
    Company & Industry Overviews

    Energy Transfer Equity’s High Leverage Is a Major Concern

    Energy Transfer Equity and its subsidiaries can’t afford additional debt borrowing, with its existing high leverage, for funding growth capital projects.

    By Kurt Gallon
  • uploads///Best
    Macroeconomic Analysis

    Energy Transfer Equity Rose after Sunoco’s Dropdown Announcement

    Energy Transfer Equity (ETE) rose 8.8% on November 16. It rose more after a dropdown announcement by Energy Transfer Partners (ETP).

    By Kurt Gallon
  • uploads///WMB ETE ETE basics
    Miscellaneous

    The Williams–Energy Transfer Merger: Energy Transfer Equity Basics

    Energy Transfer Equity (ETE) is a midstream holding company that holds interests in numerous partnerships in the midstream energy business.

    By Brent Nyitray, CFA, MBA
  • uploads///Junk Bond Yields in  and
    Company & Industry Overviews

    Energy Companies Dominate Junk Bond Issuance in Week to July 17

    Junk bond issuers returned to the primary market in the week ended July 17 as the situation in Greece stabilized, but remained cautious due to market volatility.

    By David Ashworth
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