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

On April 26, 2023, Sunoco LP (NYSE: SUN) announced a quarterly distribution for Q1 2023 of $0.8420 per common unit, equating to $3.368 annually. This distribution will be paid on May 22, 2023 to unitholders of record on May 8, 2023. The board stated that future distributions will be assessed annually in the first quarter based on SUN's financial goals and growth prospects. Sunoco LP operates a vast distribution network servicing approximately 10,000 convenience stores and other clients across the U.S., and it is linked with Energy Transfer LP (NYSE: ET), which owns its general partner.

Energy Transfer LP (NYSE: ET) has announced a quarterly cash distribution of $0.3075 per common unit for Q1 2023, up from $0.305 in Q4 2022. This distribution amounts to $1.23 on an annualized basis and will be paid on May 22, 2023. Unitholders of record as of May 8, 2023 will be eligible. The company anticipates ongoing quarterly increases of $0.0025, targeting a 3% to 5% annual growth rate in distributions. Additionally, earnings for the first quarter will be released on May 2, 2023, followed by a conference call at 3:30 p.m. CT. Energy Transfer operates approximately 120,000 miles of pipelines across 41 states, with significant interests in Sunoco LP (NYSE: SUN) and USA Compression Partners LP (NYSE: USAC).

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).