Sunoco LP Maintains Quarterly Distribution

Rhea-AI Summary

Sunoco LP (NYSE: SUN) announced a quarterly distribution of $0.8255 per common unit for Q1 2022, equating to an annualized rate of $3.3020. This distribution will be paid on May 19, 2022 to common unitholders of record as of May 9, 2022. The company engages in motor fuel distribution across over 10,000 locations in more than 40 U.S. states. Notably, the general partner of Sunoco LP is owned by Energy Transfer LP (NYSE: ET).

Positive

• Quarterly distribution maintained at $0.8255 per common unit.
• Annualized distribution rate stands at $3.3020 per common unit.
• Wide operational reach with distribution to approximately 10,000 locations.

Negative

• None.

DALLAS, April 26, 2022 /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 2022 of $0.8255 per common unit or $3.3020 per common unit on an annualized basis. The distribution will be paid on May 19, 2022 to common unitholders of record on May 9, 2022.

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

James Heckler
Director – Investor Relations and Corporate Finance
(214) 840-5415, james.heckler@sunoco.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/sunoco-lp-maintains-quarterly-distribution-301532630.html

SOURCE Sunoco LP

FAQ

What is the quarterly distribution amount announced by Sunoco (SUN) for Q1 2022?

Sunoco LP announced a quarterly distribution of $0.8255 per common unit for Q1 2022.

When will Sunoco (SUN) pay its quarterly distribution?

The quarterly distribution will be paid on May 19, 2022.

What is the annualized distribution rate for Sunoco (SUN)?

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

Who is the general partner of Sunoco (SUN)?

The general partner of Sunoco LP is owned by Energy Transfer LP (NYSE: ET).

How many locations does Sunoco (SUN) distribute fuel to?

Sunoco LP distributes fuel to approximately 10,000 convenience stores and other locations.