(Source: Datamonitor)
Sunoco Logistics Partners, engaged in the transport, terminalling and storage of refined products and crude oil, has reported a net income of $66.6 million, or $1.74 per limited partner unit on a diluted basis, for the second quarter ended June 30, 2009, compared to $51.3 million, or $1.47 per limited partner unit on a diluted basis, for the same quarter of 2008.
The company has reported total revenues of $1.29 billion for the second quarter ended June 30, 2009, compared to $3.32 billion for the corresponding quarter of 2008.
Sunoco Logistics Partners has reported a net income of $147.5 million, or $4.09 per limited partner unit on a diluted basis, for the first six months ended June 30, 2009, compared to $88.83 million, or $2.51 per limited partner unit on a diluted basis, for the same period of 2008.
The company has reported year-to-date total revenues of $2.33 billion, compared to $5.72 billion first six months of 2008.
Deborah Fretz, president and CEO of Sunoco Logistics Partners, said: "Our strong second quarter performance is a combination of stable cash flows in our base business along with crude oil market opportunities resulting from a contango market structure. We utilized our crude oil marketing expertise in conjunction with our crude oil pipeline network and the Nederland Terminal to take advantage of the contango market."
A service of YellowBrix, Inc.
