Sunoco LP Maintains Quarterly Distribution

Rhea-AI Summary

Sunoco LP (NYSE: SUN) announced a quarterly distribution of $0.8255 per common unit for Q1 2021, equating to an annualized rate of $3.3020. The distribution is scheduled for payment on May 19, 2021 to unitholders of record by May 11, 2021. Additionally, the company will release its Q1 2021 financial results on May 6, 2021 before market open, followed by a conference call at 9:00 a.m. CT. Sunoco operates in motor fuel distribution across over 30 states, serving approximately 10,000 retail locations.

Positive

• Quarterly distribution of $0.8255 per common unit announced for Q1 2021.
• Annualized distribution rate of $3.3020 per common unit.
• Scheduled payment date is May 19, 2021 for unitholders of record on May 11, 2021.
• Company to report Q1 2021 financial results on May 6, 2021, indicating continued operational engagement.

Negative

• None.

DALLAS, April 22, 2021 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN") announced that the Board of Directors of its general partner declared a quarterly distribution for the first quarter of 2021 of $0.8255 per common unit or $3.3020 per common unit on an annualized basis. The distribution will be paid on May 19, 2021 to common unitholders of record on May 11, 2021.

SUN will release its first quarter 2021 financial and operating results before the market opens on Thursday, May 6. Management will hold a conference call on Thursday, May 6 at 9:00 a.m. Central Time (10:00 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 May 13, 2021 by dialing 877-660-6853 (toll free) or 201-612-7415 and using the conference ID 13718845.
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 amount announced by Sunoco LP for Q1 2021?

Sunoco LP announced a quarterly distribution of $0.8255 per common unit for Q1 2021.

When will the quarterly distribution be paid to Sunoco LP unitholders?

The distribution will be paid on May 19, 2021, to unitholders of record on May 11, 2021.

When will Sunoco LP release its Q1 2021 financial results?

Sunoco LP will release its Q1 2021 financial results before market open on May 6, 2021.

What time is the conference call for Sunoco LP's Q1 2021 results?

The conference call will be held on May 6, 2021, at 9:00 a.m. Central Time.

How many convenience stores does Sunoco LP serve?

Sunoco LP serves approximately 10,000 convenience stores across more than 30 states.