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Sunoco LP (NYSE: SUN) is a leading energy infrastructure and fuel distribution master limited partnership operating across 47 U.S. states, Puerto Rico, Europe, and Mexico. For over 125 years, the Sunoco brand has symbolized excellence and quality, laying a rich foundation that continues to guide the company's growth. Sunoco LP is primarily engaged in the distribution of motor fuels to independent dealers, distributors, and commercial customers, as well as end-use customers through retail sites run by commission agents.
Every year, Sunoco LP transports millions of gallons of transportation fuel, crude oil, and other products through its extensive logistics network. The company's retail operations span 24 states, delivering convenience and speed to customers. Sunoco LP operates through the Fuel Distribution and Marketing segment, with convenience stores under brands such as APlus, Stripes, Aloha Island Mart, and Tigermarket.
Sunoco is not just a name in fuel distribution; it is also the official fuel of NASCAR®, serving as the authorized gasoline manufacturer for over 50 racing series, including NASCAR's Sprint Cup Series™, Nationwide Series™, and Camping World Truck Series™.
In April 2024, Sunoco LP made significant strides by acquiring liquid fuel terminals from Zenith Energy and divesting 204 convenience stores to 7-Eleven, Inc. These strategic moves are expected to be immediately accretive to unitholders' value. The acquisition of Zenith Energy Netherlands Amsterdam B.V. positions Sunoco at a critical hub in Europe's energy market, enhancing supply chain efficiencies for its U.S. East Coast operations.
Financially, Sunoco LP reported robust results for the first quarter of 2024, with a net income of $230 million, a significant increase from $141 million in the first quarter of 2023. The company sold over 2.1 billion gallons of fuel, marking a 9% increase from the previous year. With an upgraded credit rating and improved leverage ratio, Sunoco LP continues to show strong financial health and growth potential.
Sunoco LP’s general partner is owned by Energy Transfer LP (NYSE: ET). The company constantly innovates and evolves, staying committed to helping its customers reach their destinations efficiently.
Energy Transfer LP (NYSE: ET) has announced its quarterly cash distributions for preferred units, effective May 16, 2022. Unitholders will receive
Energy Transfer LP (NYSE: ET) announced the upcoming release of its first-quarter 2022 earnings on
Sunoco LP (NYSE: SUN) has announced the release of its first quarter 2022 financial and operating results on May 4, 2022, before the market opens. A conference call will follow at 9:00 a.m. Central Time to discuss these results. Sunoco operates a vast network, supplying motor fuel to approximately 10,000 convenience stores across more than 40 U.S. states. SUN is a master limited partnership with significant assets in fuel distribution and transportation.
Energy Transfer (NYSE: ET) is a national sponsor of the 10th Annual Carry The Load National Relay, honoring military, veterans, and first responders. The relay starts on April 28 in Seattle, covering 20,000 miles across 48 states, culminating in Dallas on Memorial Day weekend. Energy Transfer’s sponsorship will support transportation for participants, with an estimated 100,000 attendees expected. Carry The Load has raised $32.9 million to date for programs benefiting America's heroes. Co-CEO Mackie McCrea emphasized the company's commitment to supporting those who served.
Energy Transfer LP (NYSE: ET) announced that ENN Natural Gas and ENN Energy Holdings have entered into two long-term LNG Sale and Purchase Agreements with ET LNG related to the Lake Charles LNG project. ET LNG will supply 1.8 million tonnes to ENN NG and 0.9 million tonnes to ENN Energy annually. The contracts are set for 20 years and will take effect upon reaching a final investment decision (FID). This partnership aims to enhance ENN's LNG resources and responds to rising domestic natural gas demand.
Sunoco LP (NYSE: SUN) filed its annual report on Form 10-K for the fiscal year ending December 31, 2021, with the U.S. Securities and Exchange Commission on February 18, 2022. The report is accessible in the Investor Relations section of the Partnership's website. Sunoco LP operates in the distribution of motor fuel to approximately 10,000 locations across the U.S. and has transportation and terminalling assets. Unitholders can request a printed copy of the report free of charge through email or online forms.
Energy Transfer LP (NYSE: ET) announced the sale of its 51% interest in Energy Transfer Canada ULC for approximately
Energy Transfer LP (NYSE: ET) has filed its annual report on Form 10-K for the year ending December 31, 2021, with the SEC. The report, available on the company's website, includes audited financial statements and various other documents for unitholders. Energy Transfer operates a diverse energy asset portfolio in North America, including natural gas and crude oil transportation, storage, and NGL fractionation. The company also holds interests in Sunoco LP (NYSE: SUN) and USA Compression Partners, LP (NYSE: USAC).
Energy Transfer LP (NYSE: ET) reported a strong financial performance for Q4 2021, with net income of $921 million, up $412 million year-over-year. Adjusted EBITDA rose to $2.81 billion, driven by increased NGL transportation and higher commodity prices. Distributable Cash Flow increased to $1.60 billion. Growth capital expenditures are projected between $1.6 billion and $1.9 billion for 2022. The partnership completed significant projects, including the Mariner East and Gulf Run pipelines, and successfully integrated the Enable acquisition, expected to yield over $100 million in annual cost efficiencies.
Sunoco LP (NYSE: SUN) reported financial results for Q4 and FY 2021. For Q4 2021, net income rose to $100 million from $83 million a year ago, with Adjusted EBITDA at $198 million, up from $159 million. Fuel sales increased by 3.1% to 1.9 billion gallons, resulting in a fuel margin increase to 12.0 cents per gallon. Full-year net income hit $524 million, with an Adjusted EBITDA of $754 million. The board declared a distribution of $0.8255 per unit for Q4. Looking ahead, 2022 Adjusted EBITDA is expected between $770 and $810 million.
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