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.
Sunoco LP (SUN) reported Q3 2021 net income of $104 million, up from $100 million in Q3 2020. Adjusted EBITDA increased to $198 million, reflecting higher fuel volumes and non-motor fuel profit, despite lower fuel margins. Distributable Cash Flow was $146 million, compared to $139 million a year prior. SUN sold 2 billion gallons of fuel, representing a 6.4% year-over-year increase. Recent acquisitions of terminals from NuStar and Cato enhance growth potential. The Board declared a distribution of $0.8255 per unit, payable on November 19, 2021.
Energy Transfer LP (NYSE: ET) announced a quarterly cash distribution of
Sunoco LP (NYSE: SUN) has declared a quarterly distribution of $0.8255 per common unit for Q3 2021, translating to an annualized rate of $3.3020. This distribution will be paid on November 19, 2021 to unitholders on record as of November 5, 2021. With operations spanning over 30 states, Sunoco LP distributes motor fuel to around 10,000 convenience stores and other customers, with the general partner owned by Energy Transfer LP (NYSE: ET).
Energy Transfer LP (NYSE: ET) announced quarterly cash distributions for Series C, D, and E Preferred Units, amounting to $0.4609375, $0.4765625, and $0.4750000 respectively. Payments are scheduled for November 15, 2021, to unitholders on record as of November 1, 2021. This follows the merger on April 1, 2021, where Energy Transfer Operating, L.P. merged into ET. Energy Transfer holds a significant energy asset portfolio across the United States, including interests in Sunoco LP (NYSE: SUN) and USA Compression Partners, LP (NYSE: USAC).
Sunoco LP (NYSE: SUN) announced early tender results for its tender offer to purchase any outstanding 5.500% senior notes due 2026. As of October 19, 2021, $670.1 million of the $800 million total was tendered, equating to 83.76% of the notes. The company also received majority consents for proposed amendments to the note's indenture. The offer concludes on November 2, 2021. Holders of validly tendered notes will receive total consideration, including accrued interest, on specified settlement dates.
Sunoco LP (NYSE: SUN) announced its plan to release third quarter 2021 financial results before market open on November 3, 2021. A conference call to discuss these results will take place at 9:00 a.m. CT (10:00 a.m. ET) on the same day. As a master limited partnership, Sunoco operates primarily in motor fuel distribution to around 10,000 locations across over 30 states. The company is partially owned by Energy Transfer LP (NYSE: ET).
Energy Transfer LP (NYSE: ET) plans to release its third quarter 2021 earnings on November 3, 2021, after market close. A conference call will be held the same day at 3:30 PM CT to discuss results and provide updates, accessible via energytransfer.com. The company operates a diversified portfolio of energy assets across major U.S. production basins, including operations in natural gas midstream and crude oil transportation. Energy Transfer also has significant interests in Sunoco LP (NYSE: SUN) and USA Compression Partners LP (NYSE: USAC).
Sunoco LP (NYSE: SUN) has successfully completed the acquisition of eight refined products terminals from NuStar Energy, L.P. for approximately $250 million. This follows an earlier acquisition of a terminal from Cato Incorporated. The transactions were funded through cash on hand and available amounts under SUN's revolving credit facility, marking a significant expansion of its midstream business. These acquisitions are expected to enhance SUN's distribution capabilities across over 10,000 convenience stores and independent dealers nationwide.
Sunoco LP (NYSE: SUN) has announced a private offering of $800 million in 4.500% senior notes due 2030, priced at 100%. The offering, set to settle on October 20, 2021, aims to finance a tender offer for its outstanding 5.500% senior notes due 2026. The notes will be sold only to qualified institutional buyers and non-U.S. persons, as they remain unregistered under the Securities Act. Sunoco operates in the distribution of motor fuel across 30 states and is backed by Energy Transfer LP (NYSE: ET).
Sunoco LP, a master limited partnership engaged in fuel distribution, announced a tender offer to purchase all of its outstanding 5.500% senior notes due 2026. The offer aims to provide holders with cash payments, alongside a consent solicitation for amendments to the indenture governing the notes. The total outstanding principal amount is $800 million. Early tender payments include a total consideration of $1,029.50 per $1,000 note. The tender offer expires on November 2, 2021, requiring majority consent from noteholders for the proposed amendments to take effect.
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