Sunoco Lp/Sunoco Fin Corp Stock Price, News & Analysis

Energy Transfer (NYSE: ET) has signed a significant 20-year LNG Sale and Purchase Agreement (SPA) with Kyushu Electric Power Company for up to 1.0 million tonnes per annum (mtpa) of LNG from its Lake Charles LNG project. This marks Kyushu's first-ever long-term LNG procurement contract from the U.S. The agreement follows recent deals, including a 5.0 mtpa HOA with MidOcean Energy and two 1.0 mtpa agreements with other international companies.

The LNG will be supplied on a free-on-board basis, with pricing linked to Henry Hub plus a fixed liquefaction charge. The agreement is contingent on Energy Transfer taking a final investment decision (FID) on the Lake Charles LNG project. The facility will be constructed on an existing brownfield site with four LNG storage tanks, two deep water berths, and direct connection to Energy Transfer's Trunkline pipeline system.

Energy Transfer LP (NYSE: ET) has announced the availability of its 2024 Schedule K-3s, which contain international tax-relevant information for unitholders. These documents are accessible through the investor relations section of Energy Transfer's website at www.energytransfer.com.

Common unitholders can request electronic copies by calling 800-617-7736, while preferred unitholders (Series A through I) can call 833-608-3511. Tax Package Support is available on weekdays from 8:00 am to 5:00 pm Central Time. The Schedule K-3s are particularly relevant for foreign unitholders, those computing foreign tax credits, and certain corporate/partnership unitholders.

Sunoco LP (NYSE: SUN) has announced the availability of its 2024 Schedule K-3 tax documents online, which contain items of international tax relevance. The announcement also includes the availability of 2024 Schedule K-3 for NuStar Energy Partners, L.P., which merged with SUN on May 3, 2024.

Unitholders can access their Schedule K-3 through www.sunocolp.com's investor relations section. SUN common unitholders can request electronic copies by calling 844-289-8131, while NuStar unitholders can call different support lines based on their unit type: (844) 364-7560 for preferred units and (800) 310-6595 for common units.

Sunoco LP (NYSE: SUN) has announced the acquisition of Parkland Corporation (TSX: PKI) in a cash and equity transaction valued at U.S.$9.1 billion, including assumed debt. Under the deal, Parkland shareholders will receive 0.295 SUNCorp units and C$19.80 per share, representing a 25% premium. The transaction will create the largest independent fuel distributor in the Americas, with expected run-rate synergies of U.S.$250 million by Year 3.

Sunoco commits to maintaining Parkland's Calgary headquarters, protecting Canadian jobs, and continuing investments in the Burnaby Refinery. The deal is expected to be 10%+ accretive to distributable cash flow per unit, with leverage returning to Sunoco's 4x target within 12-18 months post-close. The transaction requires shareholder and regulatory approvals and is expected to close in the second half of 2025.

Energy Transfer LP (NYSE: ET) has announced a quarterly cash distribution increase to $0.3275 per common unit ($1.31 annualized) for Q1 2025, representing a 3% increase compared to Q1 2024. The distribution will be paid on May 20, 2025, to unitholders of record as of May 9, 2025.

The company operates one of the largest energy asset portfolios in the United States, with over 130,000 miles of pipeline across 44 states. Energy Transfer's portfolio includes natural gas midstream operations, interstate transportation, storage assets, crude oil and NGL infrastructure, and fractionation facilities. The company also owns Lake Charles LNG Company and holds significant stakes in Sunoco LP (21%) and USA Compression Partners (39%).