Energy Transfer L P Stock Price, News & Analysis

Parkland Corporation has filed its Management Information Circular for a strategic merger with Sunoco LP. The arrangement offers shareholders three consideration options: (1) C$19.80 in cash plus 0.295 SunocoCorp units, (2) C$44.00 in cash, or (3) 0.536 SunocoCorp units. The deal represents a 25% premium based on the 7-day VWAP as of May 2, 2025. The combined entity will become one of the largest independent fuel distributors in the Americas, expecting to achieve US$250 million in annual synergies by year three. Sunoco commits to maintaining a Calgary headquarters and investing in Canadian operations. The arrangement requires shareholder approval at a meeting scheduled for June 24, 2025, with a voting deadline of June 20, 2025.

Energy Transfer LP (NYSE: ET) has announced the availability of its 2024 Schedule K-3s, which contain international tax-relevant information for unitholders. These documents are accessible through the investor relations section of Energy Transfer's website at www.energytransfer.com.

Common unitholders can request electronic copies by calling 800-617-7736, while preferred unitholders (Series A through I) can call 833-608-3511. Tax Package Support is available on weekdays from 8:00 am to 5:00 pm Central Time. The Schedule K-3s are particularly relevant for foreign unitholders, those computing foreign tax credits, and certain corporate/partnership unitholders.

Sunoco LP (NYSE: SUN) has announced the availability of its 2024 Schedule K-3 tax documents online, which contain items of international tax relevance. The announcement also includes the availability of 2024 Schedule K-3 for NuStar Energy Partners, L.P., which merged with SUN on May 3, 2024.

Unitholders can access their Schedule K-3 through www.sunocolp.com's investor relations section. SUN common unitholders can request electronic copies by calling 844-289-8131, while NuStar unitholders can call different support lines based on their unit type: (844) 364-7560 for preferred units and (800) 310-6595 for common units.

The Schedule K-3 is particularly relevant for foreign unitholders, those computing foreign tax credits, and certain corporate/partnership unitholders.

Energy Transfer (NYSE:ET) reported strong Q1 2025 financial results with net income of $1.32 billion, up from $1.24 billion in Q1 2024. The company achieved Adjusted EBITDA of $4.10 billion, a 5.7% increase from $3.88 billion in Q1 2024. Key operational highlights include record-breaking interstate natural gas transportation volumes (+3%), increased crude oil transportation (+10%), and NGL transportation (+4%). The company announced a quarterly cash distribution of $0.3275 per unit, representing a 3% increase year-over-year. Energy Transfer maintained its 2025 Adjusted EBITDA guidance of $16.1-16.5 billion. Notable strategic developments include a joint agreement with MidOcean Energy for the Lake Charles LNG project, a long-term deal with Cloudburst Data Centers, and approval for a new Mustang Draw natural gas processing plant in the Midland Basin.

Sunoco LP (NYSE: SUN) reported strong Q1 2025 financial results with net income of $207 million, Adjusted EBITDA of $458 million, and Distributable Cash Flow of $310 million. The company announced two major acquisitions: Parkland Corporation for $9.1 billion and TanQuid, Germany's largest independent terminal operator, for €500 million. SUN increased its quarterly distribution by 1.25% to $0.8976 per unit, maintaining its target of at least 5% distribution growth for 2025. The company's fuel distribution segment sold 2.1 billion gallons with an 11.5 cents per gallon margin. SUN's leverage ratio stands at 4.1x, with $7.7 billion in long-term debt and no borrowings on its $1.5 billion revolving credit facility. Both acquisitions are expected to close in H2 2025 and be immediately accretive to unitholders.

Sunoco LP (NYSE: SUN) has announced the acquisition of Parkland Corporation (TSX: PKI) in a cash and equity transaction valued at U.S.$9.1 billion, including assumed debt. Under the deal, Parkland shareholders will receive 0.295 SUNCorp units and C$19.80 per share, representing a 25% premium. The transaction will create the largest independent fuel distributor in the Americas, with expected run-rate synergies of U.S.$250 million by Year 3.

Sunoco commits to maintaining Parkland's Calgary headquarters, protecting Canadian jobs, and continuing investments in the Burnaby Refinery. The deal is expected to be 10%+ accretive to distributable cash flow per unit, with leverage returning to Sunoco's 4x target within 12-18 months post-close. The transaction requires shareholder and regulatory approvals and is expected to close in the second half of 2025.

Sunoco LP (NYSE: SUN) has announced a significant $9.1 billion acquisition of Parkland Corporation (TSX: PKI), creating a new entity called SUNCorp, LLC. Under the deal terms, Parkland shareholders will receive 0.295 SUNCorp units and C$19.80 per share, representing a 25% premium. The transaction is expected to close in H2 2025 and will be immediately accretive with 10%+ accretion to distributable cash flow per Common Unit. The deal promises $250 million in run-rate synergies by Year 3. Sunoco has secured a $2.65 billion bridge loan for the cash consideration. The company commits to maintaining a Canadian headquarters in Calgary, continuing operations at the Burnaby Refinery, and expanding transportation energy infrastructure in Canada.

Energy Transfer LP (NYSE: ET) has announced a quarterly cash distribution increase to $0.3275 per common unit ($1.31 annualized) for Q1 2025, representing a 3% increase compared to Q1 2024. The distribution will be paid on May 20, 2025, to unitholders of record as of May 9, 2025.

The company operates one of the largest energy asset portfolios in the United States, with over 130,000 miles of pipeline across 44 states. Energy Transfer's portfolio includes natural gas midstream operations, interstate transportation, storage assets, crude oil and NGL infrastructure, and fractionation facilities. The company also owns Lake Charles LNG Company and holds significant stakes in Sunoco LP (21%) and USA Compression Partners (39%).

Sunoco LP (NYSE: SUN) has announced a quarterly distribution increase of 1.25% to $0.8976 per common unit ($3.5904 annualized) for Q1 2025. This marks the second consecutive quarterly distribution increase, aligning with SUN's capital allocation strategy and 2025 business outlook targeting an annual distribution growth rate of at least 5%.

The distribution will be paid on May 20, 2025, to unitholders of record as of May 9, 2025. Since 2022, SUN has demonstrated its commitment to unitholder returns by increasing distributions by approximately 9%.