Sunoco LP Maintains Quarterly Distribution

Rhea-AI Summary

Sunoco LP (NYSE: SUN) has declared a quarterly distribution of $0.8255 per common unit for Q4 2020, equivalent to $3.3020 annually. This distribution will be paid on February 19, 2021, to unitholders of record by February 8, 2021. Additionally, the company will publish its Q4 2020 financial results on February 17, followed by a conference call on February 18 at 8:00 a.m. Central Time. Sunoco operates in fuel distribution across over 30 states, serving thousands of customers.

Positive

• Quarterly distribution of $0.8255 signifies stable cash flow.
• Annualized distribution reflects strong commitment to unitholders.

Negative

• None.

DALLAS, Jan. 28, 2021 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN") announced that the Board of Directors of its general partner declared a quarterly distribution for the fourth 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 February 19, 2021 to common unitholders of record on February 8, 2021.

SUN will release its fourth quarter 2020 financial and operating results after the market closes on Wednesday, February 17. In conjunction with the news release, management will hold a conference call on Thursday, February 18 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 February 25, 2021 by dialing 877-660-6853 (toll
	free) or 201-612-7415 and using the conference ID 13714450#.
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

 

View original content to download multimedia:http://www.prnewswire.com/news-releases/sunoco-lp-maintains-quarterly-distribution-301217696.html

SOURCE Sunoco LP

FAQ

What is the declared quarterly distribution for Sunoco LP in Q4 2020?

Sunoco LP declared a quarterly distribution of $0.8255 per common unit for Q4 2020.

When will Sunoco LP pay its Q4 2020 distribution?

The distribution will be paid on February 19, 2021.

What are the key dates for Sunoco LP's upcoming financial results?

Sunoco LP will release its Q4 2020 financial results on February 17, 2021, and hold a conference call on February 18, 2021.

How much is Sunoco LP's annualized distribution?

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