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Sunoco Logistics Partners, L.P.

5/18/2013, 6:22 AM ET

Quote & Headlines Market Currents StockTalk

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Thursday, May 9, 5:55 PM Sunoco Logistics Partners (SXL) says the first phase of its West Texas-Nederland Permian Express crude oil pipeline should be operational at its initial 90K bbl/day capacity in June, while the second phase, which would carry an additional 200K bbl/day, is in the development and marketing phase. Another project, a 110K bbl/day West Texas-to-Nederland crude line, is coming online in phases. Comment! [Energy]
Wednesday, May 8, 4:20 PM Sunoco Logistics (SXL): Q1 EPS of $1.09 beats by $0.28. Revenue of $3.51B misses by $0.05B. (PR) Comment! [Earnings, Breaking News]
Wednesday, May 8, 12:10 AM Notable earnings after Wednesday’s close: AHT, ALJ, ATLS, ATVI, AVNR, CF, CLNE, CLR, CTL, CTRP, CUZ, CXW, DEPO, DK, ERII, ETE, ETP, GMCR, GRPN, GSS, HALO, HEK, HNSN, JOE, LPSN, MBLX, MDR, MED, MIDD, MM, MNST, MNTX, MWE, NWSA, OSUR, PPO, PVA, QTM, RAX, RGP, RIG, RST, SGMO, SPRD, SSRI, STEC, SXL, SZYM, TCAP, TSLA, WR, XTEX Comment! [Earnings]
Tuesday, May 7, 5:35 PM Notable earnings after Wednesday’s close: AHT, ALJ, ATLS, ATVI, AVNR, CF, CLNE, CLR, CTL, CTRP, CUZ, CXW, DEPO, DK, ERII, ETE, ETP, GMCR, GRPN, GSS, HALO, HEK, HNSN, JOE, LPSN, MBLX, MDR, MED, MIDD, MM, MNST, MNTX, MWE, NWSA, OSUR, PPO, PVA, QTM, RAX, RGP, RIG, RST, SGMO, SPRD, SSRI, STEC, SXL, SZYM, TCAP, TSLA, WR, XTEX Comment! [Earnings]
Monday, May 6, 10:46 AM Sunoco Logistics Partners (SXL -0.3%) says it will move forward with its Mariner South Pipeline after receiving enough binding commitments for shipping. The pipeline will transport export grade propane and butane from Lone Star NGL’s storage and fractionation complex SXL's terminal in Nederland, Tex. It is expected to have an initial capacity to transport ~200K bbl/day when it becomes operational in Q1 2015. Comment! [Energy]
Tuesday, April 16, 9:50 AM Citi's John Tysseland downgrades several MLPs, seeing margin compression for some crude-exposed stocks and uncertainty in margins and transportation fees for natural gas storage-exposed names. Crude-related RRMS and SXL are cut to Neutral; gas-related PNG and SEP are lowered to Neutral, while NKA and TCP are slashed to Sell. Comment! [Energy, Quick Ideas]
Wednesday, April 10, 5:35 PM Barclays sees the growth in crude oil rail transport as a “slight positive” for MLPs, as it provides terminal investment opportunities and potential synergies partially offset by increasing competition. The financial impact of rail on MLPs is still relatively modest, the firm says, as pipelines remain the dominant mode of U.S. crude transportation due to cost and safety advantages relative to rail, barge and truck. 3 Comments [Energy]
Wednesday, April 10, 12:00 PM Credit Suisse resumes Sunoco Logistics Partners (SXL +1.3%) at Outperform (previously Neutral) and reiterates $71 price target. The company is "well positioned to take advantage of emerging bottlenecks in energy infrastructure," CS notes. The bank also sees a 5% increase to distributions quarterly in 2013 and a 15% increase in the coming years. "Growth prospects are the best since we started following the name," analyst John Edwards says. Comment! [Energy]
Friday, April 5, 8:14 AM Sunoco Logistics Partners (SXL) says it still expects the first phase of its West Texas-Nederland crude oil pipeline project to begin operations in Q2. SXL is reversing the flow of an existing pipeline to carry crude from the Permian Basin to refineries in the Houston area. Initial capacity is expected to be 90K bbl/day; a planned second phase would carry an additional 200K bbl/day. Comment! [Energy]
Wednesday, February 20, 4:38 PM Sunoco Logistics (SXL): Q4 EPS of $1.10 beats by $0.24. Revenue of $3.19B misses by $0.2B. (PR) Comment! [Earnings, Breaking News, Energy]
Wednesday, February 20, 12:10 AM Notable earnings after Wednesday’s close: AUY, CAKE, CROX, CXO, DEPO, ETE, ETP, FLR, FST, GDP, GNK, HLX, IAG, IDCC, JACK, KBR, PAAS, PPO, PVA, RBCN, RGP, SAM, SB, SM, SNPS, STAG, STR, SXL, SYNC, SZYM, TRN, TSLA, UNTD, WLT, WMB, WPZ, XCO Comment! [Earnings]
Tuesday, February 19, 5:35 PM Notable earnings after Wednesday’s close: AUY, CAKE, CROX, CXO, DEPO, ETE, ETP, FLR, FST, GDP, GNK, HLX, IAG, IDCC, JACK, KBR, PAAS, PPO, PVA, RBCN, RGP, SAM, SB, SM, SNPS, STAG, STR, SXL, SYNC, SZYM, TRN, TSLA, UNTD, WLT, WMB, WPZ, XCO Comment! [Earnings]
Thursday, January 24, 12:10 AM Notable earnings after Thursday’s close: CPHD, CRUS, ED, EGHT, ETFC, FLEX, INFA, JBHT, JNPR, KLAC, MSFT, MXIM, QLGC, RMBS, RMD, SBUX, SCSS, SXL, SYNA, T, TKR, TPX, VRSN 1 Comment [Earnings]
Wednesday, January 23, 5:35 PM Notable earnings after Thursday’s close: CPHD, CRUS, ED, EGHT, ETFC, FLEX, INFA, JBHT, JNPR, KLAC, MSFT, MXIM, QLGC, RMBS, RMD, SBUX, SCSS, SXL, SYNA, T, TKR, TPX, VRSN Comment! [Earnings]
Monday, January 7, 10:23 AM Master limited partnerships came roaring back with 7% gains in the first week of the new year, but Guzman Investment Strategies sees gravity likely taking effect in the wake of a fresh slew of equity offerings in coming weeks or via the next D.C. crisis. Morgan Stanley cites refined products and oil pipelines as top performing subgroup: MPLX, OILT, SXL, MMP. 1 Comment [Energy]
Friday, November 9, 2012, 3:37 PM Sunoco Logistics' (SXL -4.1%) price target is raised to $51 from $43 at UBS, which notes SXL easily beat Q3 with adjusted EBITDA ~14% above consensus. Crude oil pipeline operating was up more than 50% Y/Y on 36% higher revenue/bbl, benefiting not just from higher tariffs Y/Y but also from a mix shift that increased volumes on higher tariff pipes. Comment! [Energy, Quick Ideas, On the Move]