Sunoco benefits from new crude streams

Sunoco Logistics Partners has reported record adjusted EBITDA of $165m for the fourth quarter and $544m for the full year 2011. “The West Texas crude oil market and developing shale production areas provided many opportunities for us to optimise our assets to generate additional cash flow,” says Lynn L Elsenhans, chairman/CEO. Looking as 2012, she says: “Although we do not expect market opportunities to be as strong as 2011, we are excited about the potential to grow our fee-based businesses.” Revenues from terminal operations reached $435m for the year, up from $287m in 2010, with EBITDA up 21% at $150m.