DALLAS (AP) _ Sunoco LP (SUN) on Wednesday reported a fourth-quarter loss of $72 million, after reporting a profit in the same period a year earlier.
The Dallas-based company said it had a loss of $1.11 per share. Earnings, adjusted for non-recurring costs, were 51 cents per share.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share.
The master limited partnership posted revenue of $3.88 billion in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $4.26 billion.
For the year, the company reported a loss of $207 million, or $3.39 per share, swinging to a loss in the period. Revenue was reported as $16.99 billion.
Sunoco LP shares have increased nearly 10 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $29.84, a decline of roughly 1 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SUN at https://www.zacks.com/ap/SUN