Sunoco LP Maintains Quarterly Distribution

Rhea-AI Summary

Sunoco LP (NYSE: SUN) announced a quarterly distribution for Q2 2020 of $0.8255 per common unit, equating to an annualized rate of $3.3020. The payment date is August 19, 2020, with record unitholders as of August 7, 2020. The company will release its Q2 financial results after market close on August 5, followed by a management call on August 6 at 8:00 a.m. CT to discuss these results.

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DALLAS, July 28, 2020 /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 2020 of $0.8255 per common unit, which corresponds to $3.3020 per common unit on an annualized basis. The distribution will be paid on August 19, 2020 to common unitholders of record on August 7, 2020.

SUN will release its second quarter 2020 financial and operating results after the market closes on Wednesday, August 5. In conjunction with the news release, management will hold a conference call on Thursday, August 6 at 8:00 a.m. Central Time (9:00 a.m. Eastern Time) to discuss SUN's results.

By Phone:	Dial 877-407-6184 (toll free) or 201-389-0877 at least 10 minutes before the call. A replay will be available through August 13, 2020 by dialing 877-660-6853 (toll free) or 201-612-7415 and using the conference ID 13707436#.
By Webcast:	Connect to the webcast via the Webcasts and Presentations page of SUN's Investor Relations website at www.SunocoLP.com. Please log in at least 10 minutes in advance to register and download any necessary software. A replay will be available shortly after the call.

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 30 states as well as refined product transportation and terminalling assets. SUN's general partner is owned by Energy Transfer Operating, L.P., a wholly owned subsidiary of 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
Vice President – Investor Relations and Treasury
(214) 840-5660, scott.grischow@sunoco.com

Derek Rabe, CFA
Manager – Investor Relations, Strategy and Growth
(214) 840-5553, derek.rabe@sunoco.com

 

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SOURCE Sunoco LP

FAQ

What is the quarterly distribution announced by Sunoco LP for Q2 2020?

Sunoco LP announced a quarterly distribution of $0.8255 per common unit for Q2 2020.

When will Sunoco LP pay its Q2 2020 distribution?

The distribution will be paid on August 19, 2020.

What is the annualized distribution rate for Sunoco LP in 2020?

The annualized distribution rate for Sunoco LP in 2020 is $3.3020 per common unit.

When will Sunoco LP release its Q2 2020 financial results?

Sunoco LP will release its Q2 2020 financial results after market close on August 5, 2020.

What time is the conference call for Sunoco LP's Q2 results?

The conference call will be held on August 6, 2020, at 8:00 a.m. Central Time.