Sunoco LP Maintains Quarterly Distribution
On July 26, 2022, Sunoco LP (NYSE: SUN) announced a quarterly distribution of $0.8255 per common unit for Q2 2022, translating to an annualized rate of $3.3020.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
On July 26, 2022, Sunoco LP (NYSE: SUN) announced a quarterly distribution of $0.8255 per common unit for Q2 2022, translating to an annualized rate of $3.3020. This distribution will be disbursed on August 19, 2022, to unitholders recorded by August 8, 2022. Sunoco operates a vast network, distributing motor fuel to around 10,000 locations across over 40 U.S. states and territories, supported by refined product transportation assets. The general partner is owned by Energy Transfer LP (NYSE: ET).
Positive
- Quarterly distribution maintained at $0.8255 per common unit.
- Annualized distribution rate of $3.3020 reflects consistent returns to investors.
- Wide operational reach with approximately 10,000 convenience stores and commercial customers.
Negative
- None.
Details
News Market Reaction – ET
The recorded move for ET in the trading session of this news was +2.82%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
DALLAS, July 26, 2022 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN") announced that the Board of Directors of its general partner declared a quarterly distribution for the second quarter of 2022 of
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).
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
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