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

Energy Transfer LP (NYSE:ET) released its 2020 Corporate Responsibility Report detailing operational results and safety initiatives across its business segments. The report emphasizes the company's commitment to pipeline safety, risk management, and emissions reduction, alongside its efforts in renewable energy. With over 114,000 miles of pipeline infrastructure across 41 states and Canada, Energy Transfer plays a vital role in transporting nearly 30% of the U.S. natural gas and oil supply.

Sunoco LP (NYSE: SUN) announced its 2022 operational and financial guidance on December 6, 2021. The Partnership operates in fuel distribution to around 10,000 locations across more than 30 states and is a master limited partnership. A presentation detailing this guidance is available on their website. Additionally, SUN will engage with the investment community at the Wells Fargo Midstream Symposium on December 9, 2021. Forward-looking statements reflect potential risks, including impacts from COVID-19 and commodity price volatility.

Energy Transfer LP (NYSE:ET) reported a net income of $635 million for Q3 2021, a decline of $1.29 billion year-over-year. Adjusted EBITDA stood at $2.58 billion, down from $2.87 billion in Q3 2020, influenced by non-recurring gains in the previous year. Distributable Cash Flow was $1.31 billion, reflecting a decrease from $1.69 billion in the same quarter last year. Despite operational achievements, including record NGL volumes and new solar agreements, the partnership reduced debt by $800 million. A quarterly distribution of $0.1525 per unit was announced for Q3 2021.

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 $0.1525 per common unit for Q3 2021, consistent with Q2 distributions, effective November 19, 2021, for unitholders of record by November 5, 2021. The company will release its Q3 earnings on November 3, 2021, accompanied by a conference call at 3:30 p.m. CT. Energy Transfer operates a diversified energy asset portfolio in the U.S., including interests in Sunoco LP (NYSE: SUN) and USA Compression Partners (NYSE: USAC).

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).