Sunoco LP Announces Increase in Quarterly Distribution and Targets 2025 Distribution Growth Rate of At Least 5%
Sunoco LP (NYSE: SUN) has announced a quarterly distribution increase to $0.8865 per common unit for Q4 2024, representing a 1.25% increase from the previous quarter. This equates to $3.5460 per common unit on an annualized basis. The distribution will be paid on February 19, 2025, to unitholders of record as of February 7, 2025.
This marks the third consecutive increase in annual distribution growth rate. Looking ahead, SUN has set a target distribution growth rate of at least 5% for 2025, with future increases to be announced quarterly. The company cites its strong long-term financial outlook and track record of delivering accretive growth as key factors supporting its planned multi-year distribution increases.
Sunoco LP (NYSE: SUN) ha annunciato un aumento della distribuzione trimestrale a $0.8865 per unità comune per il quarto trimestre del 2024, pari a un aumento dell'1,25% rispetto al trimestre precedente. Questo corrisponde a $3.5460 per unità comune su base annuale. La distribuzione sarà pagata il 19 febbraio 2025, agli unitholders registrati entro il 7 febbraio 2025.
Questo segna il terzo aumento consecutivo nella crescita annuale della distribuzione. Guardando al futuro, SUN ha fissato un obiettivo di crescita della distribuzione di almeno il 5% per il 2025, con futuri aumenti che saranno annunciati trimestralmente. L'azienda cita la sua forte prospettiva finanziaria a lungo termine e il suo record di crescita accretiva come fattori chiave a supporto dei suoi pianificati aumenti di distribuzione pluriennali.
Sunoco LP (NYSE: SUN) ha anunciado un aumento en la distribución trimestral a $0.8865 por unidad común para el cuarto trimestre de 2024, lo que representa un aumento del 1.25% con respecto al trimestre anterior. Esto equivale a $3.5460 por unidad común en una base anualizada. La distribución se pagará el 19 de febrero de 2025, a los titulares de unidades registrados al 7 de febrero de 2025.
Esto marca el tercer aumento consecutivo en la tasa de crecimiento anual de la distribución. Mirando hacia adelante, SUN ha establecido una tasa de crecimiento de distribución objetivo de al menos el 5% para 2025, con aumentos futuros que se anunciarán trimestralmente. La empresa cita su sólida perspectiva financiera a largo plazo y su historial de crecimiento acumulativo como factores clave que respaldan sus planificados aumentos de distribución durante varios años.
Sunoco LP (NYSE: SUN)는 2024년 4분기 동안 주당 $0.8865의 분배금을 분기별로 인상한다고 발표했습니다. 이는 이전 분기 대비 1.25% 증가한 수치입니다. 연간 기준으로 주당 $3.5460에 해당합니다. 이 분배금은 2025년 2월 19일에 2025년 2월 7일 기준으로 등록된 유니티홀더에게 지급될 예정입니다.
이번 발표는 연간 분배 성장률에서 세 번째 연속 증가를 의미합니다. 향후 SUN은 2025년까지 최소 5%의 목표 분배 성장률을 설정했으며, 향후 인상 사항은 분기별로 발표될 예정입니다. 회사는 장기적인 재무 전망과 성장 기여 실적이 향후 계획된 다년간 분배 증가를 뒷받침하는 핵심 요소라고 언급했습니다.
Sunoco LP (NYSE: SUN) a annoncé une augmentation de la distribution trimestrielle à $0.8865 par unité commune pour le quatrième trimestre 2024, représentant une augmentation de 1,25 % par rapport au trimestre précédent. Cela correspond à $3.5460 par unité commune sur une base annualisée. La distribution sera versée le 19 février 2025, aux porteurs d'unités enregistrés au 7 février 2025.
Ceci marque la troisième augmentation consécutive du taux de croissance des distributions annuelles. En regardant vers l'avenir, SUN a fixé un objectif de croissance des distributions d'au moins 5 % pour 2025, avec des augmentations futures qui seront annoncées trimestriellement. L'entreprise cite ses solides perspectives financières à long terme et son historique de croissance bénéfique comme des facteurs clés soutenant ses prévisions d'augmentation des distributions sur plusieurs années.
Sunoco LP (NYSE: SUN) hat eine Erhöhung der vierteljährlichen Verteilung auf $0.8865 pro Stammakte für das 4. Quartal 2024 angekündigt, was einem Anstieg von 1,25 % gegenüber dem vorherigen Quartal entspricht. Dies entspricht $3.5460 pro Stammakte auf Jahresbasis. Die Ausschüttung erfolgt am 19. Februar 2025 an die Aktionäre, die bis zum 7. Februar 2025 registriert sind.
Dies markiert die dritte aufeinanderfolgende Erhöhung der jährlichen Ausschüttungswachstumsrate. Für die Zukunft hat SUN eine Ziel-Wachstumsrate für Ausschüttungen von mindestens 5 % für 2025 festgelegt, wobei zukünftige Erhöhungen vierteljährlich bekannt gegeben werden. Das Unternehmen führt seine starke langfristige Finanzprognose und seine Erfolgsbilanz bei der Erzielung von Wachstumsgewinnen als Schlüsselfaktoren an, die die geplanten mehrjährigen Ausschüttungserhöhungen unterstützen.
- Quarterly distribution increased by 1.25% to $0.8865 per unit
- Third consecutive annual distribution growth rate increase
- Targeting minimum 5% distribution growth rate for 2025
- Strong financial outlook and track record of accretive growth
- None.
Insights
Sunoco LP's latest distribution announcement represents a strategic shift toward more aggressive unitholder returns, marking a significant evolution in their capital allocation strategy. The increase to
The commitment to a minimum
The distribution strategy is supported by SUN's robust business model in fuel distribution, which generates relatively stable cash flows through various economic cycles. The announcement of three consecutive annual distribution increases establishes a track record of reliable income growth, which typically commands premium valuations in the MLP sector.
For investors, this policy shift offers multiple benefits: 1) Enhanced predictability of income streams through 2025 2) Protection against inflation through growing distributions 3) Potential for capital appreciation as yield-seeking investors may be attracted to the growing income stream. However, it's important to note that the sustainability of this growth rate will depend on continued execution in SUN's core operations and maintenance of healthy distribution coverage ratios.
- Increases quarterly distribution to
$0.88 651.25% increase over the previous quarter - Targets 2025 distribution growth rate of at least
5% ; future increases will be announced quarterly - Represents the third consecutive increase in annual distribution growth rate
- Strong long-term financial outlook and track record of delivering accretive growth provide a clear path for continued multi-year distribution increases
The distribution will be paid on February 19, 2025 to common unitholders of record on February 7, 2025.
About Sunoco LP
Sunoco LP (NYSE: SUN) is a leading energy infrastructure and fuel distribution master limited partnership operating in over 40 U.S. states,
Forward-Looking Statements
This news release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal law. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management's control. An extensive list of factors that can affect future results, including future distribution levels, are discussed in the Partnership's Annual Report on Form 10-K and other documents filed from time to time with the Securities and Exchange Commission. The Partnership undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.
Qualified Notice
This release serves as qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note that one hundred percent (
Contacts
Scott Grischow
Treasurer, Senior Vice President – Finance
(214) 840-5660, scott.grischow@sunoco.com
Erik Gulbrandsen
Director – Investor Relations and Capital Markets
(214) 840-5684, erik.gulbrandsen@sunoco.com
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SOURCE Sunoco LP
FAQ
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