Sunoco LP Maintains Quarterly Distribution

Rhea-AI Summary

Sunoco LP declares quarterly distribution for Q3 2023

Positive

• Sunoco LP declares a quarterly distribution of $0.8420 per common unit or $3.368 per common unit on an annualized basis.

Negative

• None.

DALLAS, Oct. 20, 2023 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN") announced that the Board of Directors of its general partner declared a quarterly distribution for the third quarter of 2023 of $0.8420 per common unit or $3.368 per common unit on an annualized basis. The distribution will be paid on November 20, 2023 to common unitholders of record on October 30, 2023.

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 serves as qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note that one hundred percent (100%) of Sunoco LP's distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of Sunoco LP's distributions to foreign investors are subject to federal tax withholding at the highest applicable effective tax rate. Nominees, and not Sunoco LP, are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors. For purposes of Treasury Regulation section 1.1446(f)-4(c)(2)(iii), brokers and nominees should treat one hundred percent (100%) of the distributions as being in excess of cumulative net income for purposes of determining the amount to withhold.

Contacts

Scott Grischow
Treasurer, Senior Vice President – Investor Relations and Mergers & Acquisitions
(214) 840-5660, scott.grischow@sunoco.com

Matthew Kobler
Senior Manager – Investor Relations
(214) 840-5604, matthew.kobler@sunoco.com

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SOURCE Sunoco LP

FAQ

What is the quarterly distribution declared by Sunoco LP for Q3 2023?

Sunoco LP declared a quarterly distribution of $0.8420 per common unit or $3.368 per common unit on an annualized basis.

When will the distribution be paid?

The distribution will be paid on November 20, 2023.

Who is eligible to receive the distribution?

Common unitholders of record on October 30, 2023, will be eligible to receive the distribution.