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 (NYSE: SUN) is an energy infrastructure and fuel distribution master limited partnership, and its news flow reflects activities across midstream assets, fuel distribution operations, capital markets, and corporate transactions. Company press releases and SEC filings show that Sunoco LP regularly reports on earnings, guidance, acquisitions, and financing arrangements, providing a detailed view of its business developments.
Recent news has included announcements of quarterly and full-year earnings release dates and related conference calls, where management discusses financial and operating results. Sunoco LP has also issued news releases outlining its business outlook and guidance, including expectations for adjusted EBITDA, capital expenditures, and acquisition-related synergies. These items give readers insight into how the partnership views its operating environment and investment plans.
Corporate transaction updates are another key component of Sunoco LP’s news. The partnership has reported on its acquisition of Parkland Corporation, including regulatory milestones such as expiration of the Hart-Scott-Rodino waiting period, approvals under the Investment Canada Act, and the closing of the transaction. Follow-on releases have described exchange offers and consent solicitations for Parkland notes and the issuance of new notes by Sunoco LP.
News items also cover distributions approved by the board of directors of Sunoco LP’s general partner, amendments to credit agreements, and other financing activities. Because Sunoco LP’s general partner is owned by Energy Transfer LP, some Energy Transfer press releases reference their ownership of general partner interests and common units of Sunoco LP, providing additional context for investors following both entities.
By reviewing the news associated with SUN, readers can track developments in Sunoco LP’s midstream network, fuel distribution operations, strategic acquisitions, capital structure, and governance arrangements. This page brings together those updates so investors and researchers can follow the partnership’s disclosed activities over time.
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.
Sunoco LP (NYSE: SUN) announced a quarterly distribution of $0.8255 per common unit for Q4 2022, which annualizes to $3.3020. This distribution will be paid on February 21, 2023 to unitholders of record as of February 7, 2023. Sunoco LP operates in the motor fuel distribution sector, servicing approximately 10,000 convenience stores and dealers across over 40 U.S. states. Its general partner is owned by Energy Transfer LP (NYSE: ET). Additionally, all distributions to foreign investors will be subject to federal tax withholding at the highest effective rate as per Treasury Regulation.
Energy Transfer LP (NYSE: ET) announced a quarterly cash distribution of $0.305 per common unit for Q4 2022, marking a 75% increase year-over-year and a 15% increase from Q3 2022. The distribution, amounting to $1.22 annually, will be paid on February 21, 2023, to unitholders of record as of February 7, 2023. This increase reflects Energy Transfer's strategy to enhance unitholder value while maintaining a target leverage ratio of 4.0x-4.5x debt-to-EBITDA. Earnings for Q4 and full year 2022 will be released on February 15, 2023.
Energy Transfer LP (NYSE: ET) announced quarterly cash distributions for its preferred units, set at $0.4609375 for Series C, $0.4765625 for Series D, and $0.4750000 for Series E. Payments will be made on February 15, 2023, to unitholders on record as of February 1, 2023. Energy Transfer LP possesses a diversified energy asset portfolio across major U.S. production basins, including natural gas midstream and transportation assets. The company also has stakes in Sunoco LP (NYSE: SUN) and USA Compression Partners, LP (NYSE: USAC).
Sunoco LP (NYSE: SUN) will announce its fourth quarter and full year 2022 financial results on February 15, 2023, before the market opens. Management will host a conference call at 9:00 a.m. Central Time to discuss the financial outcomes. The company operates in the distribution of motor fuel across approximately 10,000 convenience stores in more than 40 U.S. states.
Energy Transfer LP (NYSE: ET) will release its fourth quarter and full year 2022 earnings on February 15, 2023, after the market closes. A conference call is scheduled for the same day at 3:30 p.m. CT to discuss results and the 2023 outlook. Energy Transfer operates one of the largest and diversified energy asset portfolios in the U.S., with operations in natural gas, crude oil, and NGLs. It also holds significant interests in Sunoco LP (NYSE: SUN) and USA Compression Partners, LP (NYSE: USAC).
Energy Transfer LP (NYSE: ET) announced that its subsidiary, Gulf Run Transmission LLC, has received FERC approval to launch the Gulf Run pipeline. This 135-mile pipeline will transport natural gas from U.S. producing regions to the Gulf Coast, with a capacity of 1.65 Bcf/day. The pipeline connects key natural gas basins, including Haynesville and Permian, enhancing Energy Transfer's extensive pipeline network across 41 states. This move aims to meet increasing domestic and international demand for natural gas.
Sunoco LP (NYSE: SUN) has announced its operational and financial guidance for 2023. The partnership, which distributes motor fuel to about 10,000 locations across more than 40 U.S. states, will participate in the 2022 Wells Fargo Midstream and Utilities Symposium on December 7, 2022. This guidance, available on their website, will address expectations amidst current market uncertainties, including COVID-19 impacts and commodity price fluctuations. Sunoco's general partner is owned by Energy Transfer LP (NYSE: ET).