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Sunoco LP - SUN STOCK NEWS

Welcome to our dedicated news page for Sunoco LP (Ticker: SUN), a resource for investors and traders seeking the latest updates and insights on Sunoco LP.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Sunoco LP's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Sunoco LP's position in the market.

News
Energy Transfer LP Announces Cash Distribution on Series I Preferred Units
Rhea-AI Summary
Energy Transfer LP (ET) announced a quarterly cash distribution of $0.2111 per Series I Preferred Unit and the redemption of all outstanding Series E Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units at $25.00 per Unit on May 15, 2024. Holders of Units as of May 1, 2024, will receive accrued distributions. Energy Transfer LP is a leading energy company in the US with a vast portfolio of energy assets.
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Sunoco LP Completes Acquisition of European Liquid Fuels Terminals and Divestiture of West Texas Assets; Reaffirms 2024 Adjusted EBITDA Guidance Range
Rhea-AI Summary
Sunoco LP announced the completion of the acquisition of liquid fuels terminals in Europe and the divestiture of convenience stores in West Texas to 7-Eleven, Inc. The transactions were completed at attractive multiples and are accretive to unitholders. The Partnership reaffirmed its 2024 Adjusted EBITDA guidance range of $975 million to $1 billion.
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Sunoco LP Announces Pricing of Private Offering of Senior Notes
Rhea-AI Summary
Sunoco LP announced the pricing of a private offering of senior notes, including 7.000% notes due 2029 and 7.250% notes due 2032, with an aggregate principal amount of $1.5 billion. The proceeds will be used to repay debt, fund the redemption of preferred units, and cover offering fees and expenses. The offering is not contingent on the completion of the NuStar Merger.
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Sunoco LP Announces Private Offering of Senior Notes
Rhea-AI Summary
Sunoco LP announced a private offering of senior notes totaling $1.5 billion to fund a pending merger with NuStar Energy L.P. The offering is not contingent on the merger's completion, with proceeds intended for debt repayment, preferred unit redemption, and offering fees.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.85%
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NuStar Energy L.P. Declares Conditional Special Distribution
Rhea-AI Summary
NuStar Energy L.P. declares a special distribution of $0.212 per common unit, subject to approval of its acquisition by Sunoco LP. The special distribution will be paid on May 2, 2024, to holders of record as of April 26, 2024. The company operates in the energy sector with pipeline and terminal facilities in the US and Mexico.
Rhea-AI Impact
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-0.85%
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Sunoco LP and NuStar Energy L.P. Announce Expiration of Hart-Scott-Rodino Act Waiting Period
Rhea-AI Summary
Sunoco LP and NuStar Energy L.P. announce the expiration of the waiting period under the HSR Act for Sunoco's pending acquisition of NuStar. NuStar unitholder vote scheduled for May 1, 2024. Details outlined in the NuStar Definitive Proxy Statement. Transaction expected to close shortly after unitholder approval.
Rhea-AI Impact
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End-of-Day
-0.63%
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Sunoco LP and NuStar Energy L.P. Announce Expiration of Hart-Scott-Rodino Act Waiting Period
Rhea-AI Summary
Sunoco LP (SUN) and NuStar Energy L.P. (NS) announced the expiration of the waiting period under the HSR Act for Sunoco's pending acquisition of NuStar. The transaction is expected to close after a NuStar unitholder vote on May 1, 2024. NuStar unitholders are set to receive Sunoco's distributions for Q1 2024 post-transaction.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.63%
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Sunoco LP Announces First Quarter 2024 Earnings Release and Call Timing
Rhea-AI Summary
Sunoco LP (SUN) to announce first quarter 2024 financial results on May 8, 2024, with a conference call scheduled for discussion.
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End-of-Day
-0.13%
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Energy Transfer Announces First Quarter 2024 Earnings Release and Earnings Call Timing
Rhea-AI Summary
Energy Transfer LP (ET) plans to release earnings for Q1 2024 on May 8, 2024, followed by a conference call to discuss results and company updates. With a vast energy asset portfolio in the US, Energy Transfer is a leading player in the industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.19%
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earnings
News
Energy Transfer LP Announces Full Redemption Of Series E Preferred Units
Rhea-AI Summary
Energy Transfer LP (ET) announces the redemption of its Series E Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units on May 15, 2024, at a price of $25.00 per Unit. Holders of Units as of May 1, 2024, will receive accrued distributions of $0.4750 per Unit. Energy Transfer LP is a leading energy infrastructure company in the U.S. with a vast network of pipelines and energy assets across 44 states.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.45%
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Stock SUN logo
Sunoco LP

NYSE:SUN

SUN Rankings

#1221 Ranked by Market Cap
N/A Ranked by Stock Gains
#493 Ranked by Dividends

SUN Stock Data

4.50B
55.35M
34.39%
29.26%
3.4%
Pipeline Transportation of Crude Oil
Transportation and Warehousing
Link
US
Dallas

About SUN

for more than 125 years, the sunoco brand has been synonymous with quality and excellence. that rich heritage sets the stage for our culture of success today. and it will continue to guide our growth well into the future. every year, we transport millions of gallons of transportation fuel, crude oil, and other products through our logistics business. and our retail operations in 24 states provides our customers with the convenience and speed they want. today, sunoco is known as a company on the move—constantly innovating, evolving, and always delivering. a lot has changed in 125 years, but not our commitment to helping our customers get to where they’re going. the racing fuel of choice in 2004, sunoco became the official fuel of nascar®. already the authorized gasoline manufacturer for more than 50 racing series, sunoco added nascar's sprint cup series™, nascar's nationwide series™, and nascar's camping world truck series™ to that list. more recently, sunoco established a partne