Sunoco LP Reports Net Income of $141 Million in the First Quarter of 2023

Sunoco LP,(SUN) a leading ener gy company, recently released its consolidated financial statements for the first quarter of 2023, revealing significant figures for both net income and revenue. The company reported a net income of $141 million, while its revenue for the quarter reached $5.36 billion. Let's delve into the details of Sunoco LP's financial performance during the period.

Financial Statements Overview

Sunoco LP's consolidated balance sheets showed total assets amounting to $6.55 billion as of March 31, 2023, compared to $6.83 billion as of December 31, 2022. The company's current assets, including cash and cash equivalents, accounts receivable, inventories, and others, totaled $1.73 billion, down from $1.98 billion at the end of the previous year. The decrease in current assets contributed to the decline in total assets over the quarter.

Net Income/Loss Headline