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Sunoco LP Maintains Quarterly Distribution

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Sunoco LP (NYSE: SUN) has announced its quarterly distribution for Q3 2024, maintaining the payment at $0.8756 per common unit, which equals $3.5024 per common unit annually. The distribution will be paid on November 19, 2024 to common unitholders of record as of November 8, 2024.

Sunoco LP (NYSE: SUN) ha annunciato la sua distribuzione trimestrale per il terzo trimestre del 2024, mantenendo il pagamento a $0,8756 per unità comune, che equivale a $3,5024 per unità comune all'anno. La distribuzione sarà pagata il 19 novembre 2024 ai detentori di unità comuni registrati al 8 novembre 2024.

Sunoco LP (NYSE: SUN) ha anunciado su distribución trimestral para el tercer trimestre de 2024, manteniendo el pago en $0.8756 por unidad común, lo que equivale a $3.5024 por unidad común anualmente. La distribución se pagará el 19 de noviembre de 2024 a los tenedores de unidades comunes registrados hasta el 8 de noviembre de 2024.

Sunoco LP (NYSE: SUN)은 2024년 3분기 분배금을 발표하며, 지급액을 $0.8756 per common unit으로 유지하고, 연간 $3.5024 per common unit에 해당한다고 밝혔습니다. 분배금은 2024년 11월 19일2024년 11월 8일 기준의 일반 단위 보유자에게 지급될 예정입니다.

Sunoco LP (NYSE: SUN) a annoncé sa distribution trimestrielle pour le troisième trimestre 2024, maintenant le paiement à $0,8756 par unité commune, ce qui équivaut à $3,5024 par unité commune annuellement. La distribution sera versée le 19 novembre 2024 aux détenteurs d'unités communes inscrits au 8 novembre 2024.

Sunoco LP (NYSE: SUN) hat seine vierteljährliche Ausschüttung für das 3. Quartal 2024 angekündigt und die Zahlung auf $0,8756 pro Stammaktie beibehalten, was jährlich $3,5024 pro Stammaktie entspricht. Die Ausschüttung erfolgt am 19. November 2024 an die registrierten Stammaktionäre vom 8. November 2024.

Positive
  • Maintained stable quarterly distribution of $0.8756 per unit
  • Annualized distribution yield of $3.5024 per unit demonstrates consistent shareholder returns
Negative
  • None.

Insights

The maintained quarterly distribution of $0.8756 per unit signals stability in SUN's cash flow generation and commitment to unitholder returns. With an annualized distribution of $3.5024, this translates to a yield of approximately 8.3% based on current market prices - an attractive proposition in the current market environment. The consistency in distribution payments demonstrates the company's resilient business model in fuel distribution. While not a distribution increase, maintaining this substantial payout level indicates management's confidence in sustainable free cash flow generation and financial health. The ex-dividend date typically falls a few days before the record date of November 8, giving potential investors a clear timeline for position decisions.

DALLAS, Oct. 28, 2024 /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 2024 of $0.8756 per common unit or $3.5024 per common unit on an annualized basis. The distribution will be paid on November 19, 2024 to common unitholders of record on November 8, 2024.

About Sunoco LP

Sunoco LP (NYSE: SUN) is a leading energy infrastructure and fuel distribution master limited partnership operating in over 40 U.S. states, Puerto Rico, Europe, and Mexico. The Partnership's midstream operations include an extensive network of approximately 14,000 miles of pipeline and over 100 terminals. This critical infrastructure complements the Partnership's fuel distribution operations, which serve approximately 7,400 Sunoco and partner branded locations and additional independent dealers and commercial customers. 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

Investors:
Scott Grischow, Treasurer, Senior Vice President – Finance
(214) 840-5660, scott.grischow@sunoco.com

Media:
Chris Cho, Senior Manager – Communications
(469) 646-1647, chris.cho@sunoco.com

 

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SOURCE Sunoco LP

FAQ

What is Sunoco LP's (SUN) quarterly distribution for Q3 2024?

Sunoco LP's quarterly distribution for Q3 2024 is $0.8756 per common unit, equivalent to $3.5024 per common unit on an annualized basis.

When will Sunoco LP (SUN) pay its Q3 2024 distribution?

Sunoco LP will pay its Q3 2024 distribution on November 19, 2024, to unitholders of record as of November 8, 2024.

Has Sunoco LP (SUN) changed its quarterly distribution amount in Q3 2024?

No, Sunoco LP has maintained its quarterly distribution amount at $0.8756 per common unit for Q3 2024.

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7.28B
106.83M
21.37%
43.3%
0.99%
Oil & Gas Refining & Marketing
Petroleum Refining
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United States of America
DALLAS