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

Energy Transfer LP (NYSE: ET) announced quarterly cash distributions for its Series C, D, and E Preferred Units. Unitholders will receive $0.4609375 for Series C, $0.4765625 for Series D, and $0.4750000 for Series E, payable on May 15, 2023, to those on record by May 1, 2023. Energy Transfer operates one of the U.S.'s largest energy asset portfolios, with 120,000 miles of pipelines across 41 states. Its operations encompass natural gas midstream, crude oil, and NGL transportation and storage. The company also holds significant interests in Sunoco LP (NYSE: SUN) and USA Compression Partners, LP (NYSE: USAC). Investors should note that distributions to foreign investors are subject to federal tax withholding.

Sunoco LP (NYSE: SUN) has announced the release of its first quarter 2023 financial and operational results, scheduled for May 2, 2023, before market opening. A conference call will follow on the same day at 9:00 a.m. CT to discuss these results. Sunoco is a master limited partnership engaged in motor fuel distribution to around 10,000 convenience stores and commercial entities across more than 40 U.S. states. Its general partner is owned by Energy Transfer LP (NYSE: ET).

Energy Transfer LP (NYSE: ET) plans to release its earnings for Q1 2023 on May 2, 2023, after market close. A conference call will follow on the same day at 3:30 PM Central Time to discuss quarterly results and offer updates. The discussion will be accessible via a live webcast on Energy Transfer’s website.

Energy Transfer possesses a vast energy asset portfolio in the U.S., featuring approximately 120,000 miles of pipeline across 41 states. Key operations include natural gas midstream, crude oil, and refined product transportation. The company holds significant stakes in Sunoco LP (NYSE: SUN) and USA Compression Partners, LP (NYSE: USAC).

Energy Transfer LP (NYSE: ET) has entered a definitive agreement to acquire Lotus Midstream Operations, LLC for approximately $1.45 billion. The deal includes $900 million in cash and about 44.5 million newly issued common units. This acquisition enhances Energy Transfer's crude pipeline footprint in the Permian Basin, adding ~3,000 miles of pipeline and increasing storage capacity by ~2 million barrels. The transaction is expected to be completed in Q2 2023 and is projected to be accretive to cash flow, supporting Energy Transfer's financial momentum.

On February 17, 2023, Sunoco LP (NYSE: SUN) filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2022, with the U.S. Securities and Exchange Commission. The report is available on the Partnership's website and includes audited financial statements. Sunoco LP operates in the distribution of motor fuel to approximately 10,000 convenience stores and other customers across over 40 U.S. states. Energy Transfer LP (NYSE: ET) owns Sunoco's general partner. Unitholders can request a printed copy of the report via email or through the Investor Relations website.

Global Partners LP (NYSE: GLP) appointed Clare McGrory to its Board of Directors effective March 1. McGrory, CFO and CCO at Atairos, brings extensive experience from her prior role as CFO at Sunoco, LP (NYSE: SUN), where she contributed to long-term growth initiatives. This addition increases the board to 7 members, 5 of whom are independent. McGrory's finance expertise is expected to align with Global's strategic goals, enhancing leadership and operational execution. Global Partners operates approximately 1,700 gas stations across the Northeast and mid-Atlantic, making it a major player in regional petroleum distribution.

Energy Transfer LP (NYSE: ET) has filed its annual report on Form 10-K for the fiscal year ending December 31, 2022, with the SEC. The comprehensive report includes audited financial statements and can be accessed on the company’s website or requested in print by unitholders. Energy Transfer operates a large portfolio of energy assets, comprising around 120,000 miles of pipeline across 41 states. Key holdings include significant interests in Sunoco LP (NYSE: SUN) and USA Compression Partners, LP (NYSE: USAC). Forward-looking statements are included but are subject to various risks and uncertainties.

Energy Transfer LP (NYSE:ET) announced its financial results for Q4 and the year ended December 31, 2022, reporting a net income of $1.16 billion, up $234 million year-over-year. Adjusted EBITDA for the quarter rose to $3.44 billion from $2.81 billion. Distributable Cash Flow also increased to $1.91 billion. The growth is attributed to higher volumes across core segments and the Enable Midstream acquisition. For 2023, Energy Transfer anticipates Adjusted EBITDA between $12.9 billion and $13.3 billion, alongside capital expenditures of $1.6 billion to $1.8 billion aimed at enhancing operational efficiency.

Sunoco LP (NYSE: SUN) reported its fourth quarter results for 2022, revealing a net income of $55 million, down from $100 million in Q4 2021. Adjusted EBITDA increased to $238 million from $198 million year-over-year. The Partnership sold approximately 2.0 billion gallons of fuel in Q4 2022, a 5% increase from the previous year, with fuel margin rising to 12.8 cents per gallon. For the full year, net income totaled $475 million, a decline from $524 million in 2021, while Adjusted EBITDA surged 22% to $919 million. SUN anticipates 2023 Adjusted EBITDA between $850 million and $900 million.