Sunoco LP Maintains Quarterly Distribution

Rhea-AI Summary

On October 25, 2022, Sunoco LP (NYSE: SUN) announced a quarterly distribution of $0.8255 per common unit for Q3 2022, equating to an annualized $3.3020 per common unit. This distribution will be paid on November 18, 2022, to shareholders of record as of November 4, 2022. Sunoco LP operates in the fuel distribution sector, serving approximately 10,000 locations across more than 40 U.S. states and territories, and is owned by Energy Transfer LP (NYSE: ET).

Positive

• Quarterly distribution of $0.8255 reflects a consistent payout strategy.
• Annualized distribution of $3.3020 indicates stable revenue generation.

Negative

• None.

DALLAS, Oct. 25, 2022 /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 2022 of $0.8255 per common unit or $3.3020 per common unit on an annualized basis. The distribution will be paid on November 18, 2022 to common unitholders of record on November 4, 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

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SOURCE Sunoco LP

FAQ

What is the quarterly distribution amount declared by Sunoco LP for Q3 2022?

Sunoco LP declared a quarterly distribution of $0.8255 per common unit for Q3 2022.

When will the distribution payment be made to Sunoco LP unitholders?

The distribution payment will be made on November 18, 2022.

What is the annualized distribution amount for Sunoco LP?

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

Who is the general partner of Sunoco LP?

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

How many convenience stores does Sunoco LP distribute fuel to?

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