Sunoco LP Maintains Quarterly Distribution

Rhea-AI Summary

Sunoco LP (NYSE: SUN) announced a quarterly distribution of $0.8255 per common unit for Q3 2020, equating to $3.3020 annualized. This payment is scheduled for November 19, 2020, to unitholders recorded by November 6, 2020. The company will disclose its Q3 financial and operational results post-market on November 4, 2020, followed by a conference call on November 5, 2020, at 8:00 a.m. CT. Sunoco operates in fuel distribution across over 30 states, serving around 10,000 retail locations.

Positive

• Quarterly distribution of $0.8255 per common unit maintains investor return.
• Scheduled financial results release and conference call for transparency.

Negative

• None.

DALLAS, Oct. 26, 2020 /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 2020 of $0.8255 per common unit, which corresponds to $3.3020 per common unit on an annualized basis. The distribution will be paid on November 19, 2020 to common unitholders of record on November 6, 2020.

SUN will release its third quarter 2020 financial and operating results after the market closes on Wednesday, November 4. In conjunction with the news release, management will hold a conference call on Thursday, November 5 at 8:00 a.m. Central Time (9:00 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 November 12, 2020 by dialing 877-660-6853 (toll free) or 201-612-7415 and using the conference ID 13711308#.
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 30 states as well as refined product transportation and terminalling assets. SUN's general partner is owned by Energy Transfer Operating, L.P., a wholly owned subsidiary of 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

Derek Rabe, CFA
Manager – Investor Relations, Strategy and Growth
(214) 840-5553, derek.rabe@sunoco.com

 

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SOURCE Sunoco LP

FAQ

What is the quarterly distribution amount for Sunoco LP (SUN) in Q3 2020?

Sunoco LP (NYSE: SUN) announced a quarterly distribution of $0.8255 per common unit for Q3 2020.

When will Sunoco LP (SUN) pay its Q3 2020 distribution?

The distribution will be paid on November 19, 2020.

When will Sunoco LP (SUN) release its Q3 2020 financial results?

Sunoco LP will release its Q3 2020 financial results after the market closes on November 4, 2020.

What date is the conference call for Sunoco LP (SUN) Q3 2020 results?

The conference call is scheduled for November 5, 2020, at 8:00 a.m. Central Time.

How does Sunoco LP (SUN) distribute its products?

Sunoco LP operates in fuel distribution to approximately 10,000 convenience stores and other customers across more than 30 states.