* Q2 income/lpu $1.74 vs estimate $1.49
* Q2 revenue falls 61 pct to $1.29 bln
* Sees FY maintenance capex of $30 mln
* Shares up 3 pct
July 21 Oil and gas pipeline operator and
distributor Sunoco Logistics Partners LP (SXL.N) reported a
second-quarter profit that beat market estimates, helped by
higher lease acquisition results and increased crude oil
pipeline and storage revenue.
For the quarter, the company posted net income of $66.6
million, or $1.74 per limited partner unit (lpu), compared with
$51.3 million, or $1.47 per lpu.
Revenue fell 61 percent to $1.29 billion. Analysts on
average were expecting the company to earn $1.49 per lpu, on
revenue of $1.17 billion.
Shares of the company were up 3 percent at $56.50 in
trading after the bell. They closed at $54.90 Tuesday on the
New York Stock Exchange.
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(Reporting by Arup Roychoudhury in Bangalore; Editing by Vinu
(firstname.lastname@example.org; within U.S. +1 646 223
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