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Sunoco, Inc. Q4 2007 Earnings Call Transcript
The earnings release for Sunoco Logistics Partners LP provides a more detailed discussion of its quarterly performance but in general the solid earnings were largely due to strong demand for pipelines and terminaling and strong operations from the partnerships assets including those acquired in recent years and increased earnings from its least crude acquisition business.
For the full year 2007, logistics earned $45 million up $9 million from 2006 and the highest level since the formation Sunoco Logistics Partners in 2002.
Coke, which lost $2 million in the fourth quarter was impacted by $14 million unfavorable partial phase-out of alternative fuel tax credits due to higher crude oil prices. As a reminder, through the end of 2007, our Coke business benefited from certain section 29 non-conventional fuel tax credits, which were subject to phase-out on a ratable basis, when the annual crude oil price on the WTI basis averaged over approximately $62 a barrel, with full phase-out at an estimated annual average of about $76 barrels WTI.
Recruiting | Success in the state key to UW's class
The Washington Huskies signed one of their best classes in years today, recruiting analysts agree. What's a little harder to gauge is how much that means. Washington's class was rated No. 10 in the nation and No. 2 in the Pac-10 by Scout.com as of Tuesday morning, and No. 18 nationally and third in the Pac-10 by Rivals.com. Those numbers could vary a little, but probably not a lot, giving the Huskies their loftiest rankings of the Tyrone Willingham era. "It's easily their best class in some time," said Greg Biggins, a recruiting analyst for Rivals.com and StudentSportsFootball.com. "It's probably the best year for in-state talent in a lot of years, and they've pretty much gotten everybody they wanted [in the state]. "There were a lot of really good in-state guys like Kavario Middleton and Everrette Thompson that in the past might have left the state, and they were able to keep those guys.
Obama wins Maine Democratic caucus
Organizers had expected heavy participation at the caucuses, but snow was falling and gusting winds hit as many of the gatherings were scheduled. The weather didn't appear to have hurt turnout. Caucuses started late in Bangor and several other locations across the state because so many people showed up that they were lined up outside the doors. In Maine's largest city, Democrats carrying “Obama" and “Hillary" signs waited to get into the citywide caucus at Portland High School in separate lines that snaked nearly three city blocks in opposite directions. Colin Johnson, an Obama supporter in Portland, said the Illinois senator is not a typical politician. “I'm convinced he's a once-in-a-generation leader," he said. “He's young and energetic and Washington and the White House could benefit from some fresh air," said Joe Lewis, another Obama supporter.
Japanese Schoolgirl Watch: Cue Up the Acne-Fighting, 128-Meg MP3 ...
In Tokyo, acne control rocks. The 1.2-ounce mpion MP3 player promises to improve a gal's complexion while pumping out J-pop. At around 21,000 yen ($184), it's a bit pricey for a player that packs only 128 megs of music, but the flash memory isn't the main draw. The mpion releases positively and negatively charged ions, which supposedly neutralize breakouts. Here are the instructions: Touch the device to the offending area as you listen to tunes, flip the switch to Minus, and hold for five to 10 minutes. Allegedly, the negative ions open pores and replenish moisture. Then, flip it to Positive and hold to reduce oil and close your pores back up. It just might zap all your zits faster than you can say "placebo effect!" .
Sunoco, Inc. Q4 2007 Earnings Call Transcript
The earnings release for Sunoco Logistics Partners LP provides a more detailed discussion of its quarterly performance but in general the solid earnings were largely due to strong demand for pipelines and terminaling and strong operations from the partnerships assets including those acquired in recent years and increased earnings from its least crude acquisition business.
For the full year 2007, logistics earned $45 million up $9 million from 2006 and the highest level since the formation Sunoco Logistics Partners in 2002.
Coke, which lost $2 million in the fourth quarter was impacted by $14 million unfavorable partial phase-out of alternative fuel tax credits due to higher crude oil prices. As a reminder, through the end of 2007, our Coke business benefited from certain section 29 non-conventional fuel tax credits, which were subject to phase-out on a ratable basis, when the annual crude oil price on the WTI basis averaged over approximately $62 a barrel, with full phase-out at an estimated annual average of about $76 barrels WTI.
Recruiting | Success in the state key to UW's class
The Washington Huskies signed one of their best classes in years today, recruiting analysts agree. What's a little harder to gauge is how much that means. Washington's class was rated No. 10 in the nation and No. 2 in the Pac-10 by Scout.com as of Tuesday morning, and No. 18 nationally and third in the Pac-10 by Rivals.com. Those numbers could vary a little, but probably not a lot, giving the Huskies their loftiest rankings of the Tyrone Willingham era. "It's easily their best class in some time," said Greg Biggins, a recruiting analyst for Rivals.com and StudentSportsFootball.com. "It's probably the best year for in-state talent in a lot of years, and they've pretty much gotten everybody they wanted [in the state]. "There were a lot of really good in-state guys like Kavario Middleton and Everrette Thompson that in the past might have left the state, and they were able to keep those guys.
Obama wins Maine Democratic caucus
Organizers had expected heavy participation at the caucuses, but snow was falling and gusting winds hit as many of the gatherings were scheduled. The weather didn't appear to have hurt turnout. Caucuses started late in Bangor and several other locations across the state because so many people showed up that they were lined up outside the doors. In Maine's largest city, Democrats carrying “Obama" and “Hillary" signs waited to get into the citywide caucus at Portland High School in separate lines that snaked nearly three city blocks in opposite directions. Colin Johnson, an Obama supporter in Portland, said the Illinois senator is not a typical politician. “I'm convinced he's a once-in-a-generation leader," he said. “He's young and energetic and Washington and the White House could benefit from some fresh air," said Joe Lewis, another Obama supporter.
Japanese Schoolgirl Watch: Cue Up the Acne-Fighting, 128-Meg MP3 ...
In Tokyo, acne control rocks. The 1.2-ounce mpion MP3 player promises to improve a gal's complexion while pumping out J-pop. At around 21,000 yen ($184), it's a bit pricey for a player that packs only 128 megs of music, but the flash memory isn't the main draw. The mpion releases positively and negatively charged ions, which supposedly neutralize breakouts. Here are the instructions: Touch the device to the offending area as you listen to tunes, flip the switch to Minus, and hold for five to 10 minutes. Allegedly, the negative ions open pores and replenish moisture. Then, flip it to Positive and hold to reduce oil and close your pores back up. It just might zap all your zits faster than you can say "placebo effect!" .
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