Sunoco LP Maintains Quarterly Distribution

Rhea-AI Summary

Sunoco LP (NYSE: SUN) declared a quarterly distribution of $0.8255 per common unit for Q4 2021, amounting to an annualized $3.3020. The payment will be made on February 18, 2022, to unitholders recorded by February 8, 2022. The company will also release its fourth quarter financial results before the market opens on February 16, 2022, followed by a conference call at 9:00 a.m. CT to discuss the outcomes. Sunoco operates in fuel distribution across 40 U.S. states.

Positive

• Quarterly distribution declared at $0.8255 per common unit.
• Annualized distribution of $3.3020, showcasing consistent returns to investors.
• Scheduled financial results release before market opening, indicating transparency.

Negative

• None.

DALLAS, Jan. 26, 2022 /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 2021 of $0.8255 per common unit or $3.3020 per common unit on an annualized basis. The distribution will be paid on February 18, 2022 to common unitholders of record on February 8, 2022.

SUN will release its fourth quarter 2021 financial and operating results before the market opens on Wednedsay, February 16. Management will hold a conference call that same day 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 February 23, 2022 by dialing 877-660-6853 (toll free) or 201-612-7415 and using the conference ID 13726288.
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 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
Vice President – Investor Relations and Treasury
(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 the quarterly distribution amount declared by Sunoco LP for Q4 2021?

Sunoco LP declared a quarterly distribution of $0.8255 per common unit for Q4 2021.

When will Sunoco LP pay its quarterly distribution?

The quarterly distribution will be paid on February 18, 2022.

What is the annualized distribution for Sunoco LP for 2021?

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

When will Sunoco LP release its Q4 2021 financial results?

Sunoco LP will release its Q4 2021 financial results on February 16, 2022.

At what time will the conference call for Sunoco LP's Q4 results be held?

The conference call will be held at 9:00 a.m. Central Time on February 16, 2022.