Sunoco buys eight terminal locations from NuStar in $250M deal

  • Sunoco LP (NYSE:SUN) agrees to buy eight refined product terminals from NuStar Energy (NYSE:NS) for $250M, which it says will significantly expand its midstream business and enhance its platform for fuel distribution expansion.
  • The acquisition includes seven refined product terminals on the U.S. east coast and one in the Midwest, with an aggregate storage capacity of 14.8M barrels.
  • The terminals primarily handle refined products and are accessed via pipeline, truck, rail and marine vessels.
  • NuStar says the facilities are no longer synergistic with its core assets in NY Harbor and in the southeast U.S.
  • Sunoco also buys a refined product terminal in Maryland from Cato Inc. for $5.5M.

    For this year the company from Unable To Collect Data For The Field 'Tr.Headquarterscity' And Some Specific Identifier(S). could earn a total revenue around 16.83 billion USD. This is according to the average of the analysts' estimates. This is rather significant more than 2021's revenue of 10.71 billion USD.

    Historical revenues and results Sunoco plus estimates 2021

    aandelenanalyse

    The analysts expect for 2021 a net profit of 497 million USD. For this year the majority of the analysts, consulted by press agency Thomson Reuters, expects a profit per share of 5.58 USD. So the price/earnings-ratio equals 6.61.

    Huge dividend Sunoco

    Analysts expect a dividend of 3.3 USD per share. The dividend yield is then 8.94 percent. The average dividend yield of the oil & gas producers equals an attractive 2.79 percent.

    Sunoco 's market capitalization is based on the number of outstanding shares around 3.06 billion USD. 60

    Historical stock prices Sunoco

    stock analysis sunoco

    On Thursday the stock closed at 36.91 USD.

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