Sunoco LP Maintains Quarterly Distribution

Rhea-AI Summary

On July 26, 2022, Sunoco LP (NYSE: SUN) announced a quarterly distribution of $0.8255 per common unit for Q2 2022, translating to an annualized rate of $3.3020. This distribution will be disbursed on August 19, 2022, to unitholders recorded by August 8, 2022. Sunoco operates a vast network, distributing motor fuel to around 10,000 locations across over 40 U.S. states and territories, supported by refined product transportation assets. The general partner is owned by Energy Transfer LP (NYSE: ET).

Positive

• Quarterly distribution maintained at $0.8255 per common unit.
• Annualized distribution rate of $3.3020 reflects consistent returns to investors.
• Wide operational reach with approximately 10,000 convenience stores and commercial customers.

Negative

• None.

DALLAS, July 26, 2022 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN") announced that the Board of Directors of its general partner declared a quarterly distribution for the second quarter of 2022 of $0.8255 per common unit or $3.3020 per common unit on an annualized basis. The distribution will be paid on August 19, 2022 to common unitholders of record on August 8, 2022.

About Sunoco LP

Sunoco LP (NYSE: SUN) is a master limited partnership with core operations that include the distribution of motor fuel to approximately 10,000 convenience stores, independent dealers, commercial customers and distributors located in more than 40 U.S. states and territories as well as refined product transportation and terminalling assets. SUN's general partner is owned by Energy Transfer LP (NYSE: ET).

Qualified Notice

This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat 100 percent of Sunoco LP's distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Sunoco LP's distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.

Contacts

Scott Grischow
Treasurer, Vice President – Investor Relations and Mergers & Acquisitions
(214) 840-5660, scott.grischow@sunoco.com

James Heckler
Director – Investor Relations and Corporate Finance
(214) 840-5415, james.heckler@sunoco.com

 

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SOURCE Sunoco LP

FAQ

What is Sunoco LP's quarterly distribution for Q2 2022?

Sunoco LP declared a quarterly distribution of $0.8255 per common unit for Q2 2022.

When will the distribution be paid to unitholders?

The distribution will be paid on August 19, 2022, to unitholders of record on August 8, 2022.

How many convenience stores does Sunoco LP supply?

Sunoco LP supplies to approximately 10,000 convenience stores across over 40 U.S. states and territories.

What is the annualized distribution amount for Sunoco LP?

The annualized distribution amount for Sunoco LP is $3.3020 per common unit.

Who owns Sunoco LP's general partner?

The general partner of Sunoco LP is owned by Energy Transfer LP (NYSE: ET).