Sunoco LP Maintains Quarterly Distribution

Rhea-AI Summary

Sunoco LP (NYSE: SUN) has declared a quarterly distribution of $0.8255 per common unit for Q3 2021, translating to an annualized rate of $3.3020. This distribution will be paid on November 19, 2021 to unitholders on record as of November 5, 2021. With operations spanning over 30 states, Sunoco LP distributes motor fuel to around 10,000 convenience stores and other customers, with the general partner owned by Energy Transfer LP (NYSE: ET).

Positive

• Quarterly distribution declared at $0.8255 per common unit.
• Annualized distribution rate of $3.3020 reflects consistent shareholder returns.
• Extensive operational reach with distribution to approximately 10,000 locations.

Negative

• None.

DALLAS, Oct. 25, 2021 /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 2021 of $0.8255 per common unit or $3.3020 per common unit on an annualized basis. The distribution will be paid on November 19, 2021 to common unitholders of record on November 5, 2021.

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 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

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 declared by Sunoco LP for Q3 2021?

Sunoco LP declared a quarterly distribution of $0.8255 per common unit for Q3 2021.

When will the distribution be paid to Sunoco LP unitholders?

The distribution will be paid on November 19, 2021.

What is the annualized distribution rate for Sunoco LP?

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

Who is the general partner of Sunoco LP?

Sunoco LP's general partner 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.