Welcome to our dedicated page for Sunoco Lp/Sunoco Fin news (Ticker: SUN), a resource for investors and traders seeking the latest updates and insights on Sunoco Lp/Sunoco Fin stock.
Sunoco LP (SUN) maintains a leading position in fuel distribution and energy infrastructure across North America. This news hub provides investors and industry professionals with essential updates on strategic initiatives, financial performance, and operational developments.
Access curated press releases covering earnings announcements, partnership agreements, and infrastructure expansions. Our repository includes verified updates on SUN's three core segments: wholesale fuel distribution, pipeline network enhancements, and terminal storage optimization.
Key updates feature acquisition strategies, supply chain innovations, and regulatory compliance developments. Bookmark this page for real-time access to SUN's official communications and market-moving announcements.
Energy Transfer LP (NYSE:ET) reported net income of $1.27 billion for Q1 2022, translating to $0.38 per limited partner unit. Adjusted EBITDA fell to $3.34 billion from $5.04 billion in Q1 2021, primarily due to the impact of Winter Storm Uri. Distributable Cash Flow decreased to $2.08 billion from $3.91 billion. The partnership saw increased transportation volumes and continued investment in infrastructure projects, including the new Grey Wolf processing plant and Gulf Run Pipeline. A 30% increase in quarterly distributions to $0.20 per unit was announced, with future increases under consideration.
Sunoco LP reported a robust first quarter for 2022 with net income of $216 million, up from $154 million year-over-year. Adjusted EBITDA reached $191 million, driven by increased fuel margins and volumes, alongside a recent acquisition of nine refined products terminals. The partnership has raised its full-year Adjusted EBITDA guidance to $795-$835 million. Significant milestones included starting operations at the Brownsville terminal and acquiring a transmix processing facility for $190 million. The distribution announced is $0.8255 per unit.
Energy Transfer LP has signed a long-term Sale and Purchase Agreement with SK Gas Trading LLC to supply 0.4 million tonnes per annum of LNG from its Lake Charles LNG export facility for 18 years. The deal, with deliveries starting in 2026, is tied to the Henry Hub benchmark price plus a fixed liquefaction charge. This agreement brings Energy Transfer's total LNG contracts from the Lake Charles facility to 5.1 mtpa, highlighting increased international interest in U.S. LNG exports.
Energy Transfer LP (NYSE: ET) has signed a 20-year LNG Sale and Purchase Agreement with Gunvor Singapore Pte Ltd, under which it will supply 2 million tonnes of LNG annually from its Lake Charles LNG facility. The pricing is tied to the Henry Hub benchmark plus a fixed liquefaction charge, with deliveries beginning as soon as 2026, contingent upon final investment decisions. This partnership aligns with Gunvor's strategy for securing low-cost resources, while Energy Transfer aims to enhance its operational progress towards finalizing investments.
Energy Transfer LP (NYSE: ET) has announced a quarterly cash distribution of
Sunoco LP (NYSE: SUN) announced a quarterly distribution of $0.8255 per common unit for Q1 2022, equating to an annualized rate of $3.3020. This distribution will be paid on May 19, 2022 to common unitholders of record as of May 9, 2022. The company engages in motor fuel distribution across over 10,000 locations in more than 40 U.S. states. Notably, the general partner of Sunoco LP is owned by Energy Transfer LP (NYSE: ET).
Energy Transfer LP (NYSE: ET) has announced its quarterly cash distributions for preferred units, effective May 16, 2022. Unitholders will receive
Energy Transfer LP (NYSE: ET) announced the upcoming release of its first-quarter 2022 earnings on
Sunoco LP (NYSE: SUN) has announced the release of its first quarter 2022 financial and operating results on May 4, 2022, before the market opens. A conference call will follow at 9:00 a.m. Central Time to discuss these results. Sunoco operates a vast network, supplying motor fuel to approximately 10,000 convenience stores across more than 40 U.S. states. SUN is a master limited partnership with significant assets in fuel distribution and transportation.
Energy Transfer (NYSE: ET) is a national sponsor of the 10th Annual Carry The Load National Relay, honoring military, veterans, and first responders. The relay starts on April 28 in Seattle, covering 20,000 miles across 48 states, culminating in Dallas on Memorial Day weekend. Energy Transfer’s sponsorship will support transportation for participants, with an estimated 100,000 attendees expected. Carry The Load has raised $32.9 million to date for programs benefiting America's heroes. Co-CEO Mackie McCrea emphasized the company's commitment to supporting those who served.
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