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 reports news about its fuel distribution and energy infrastructure partnership, including operating results, cash distributions, acquisitions, and capital-structure actions. The master limited partnership distributes motor fuel to Sunoco and partner-branded retail locations, independent dealers, distributors, and commercial customers, and operates midstream assets that include pipeline systems and terminals across North America, the Greater Caribbean, and Europe.
Recurring updates cover Fuel Distribution and Pipeline Systems performance, quarterly distribution decisions, senior note offerings and debt refinancing, completed acquisition integration, and outlook commentary. Sunoco’s general partner is owned by Energy Transfer LP, and related announcements may also reference SunocoCorp LLC’s direct limited partner interest in Sunoco LP.
Sunoco LP (NYSE: SUN) will release its Q2 2022 financial results on August 3, 2022, before the market opens. A conference call to discuss the results is scheduled for 9:00 a.m. CT (10:00 a.m. ET) on the same day. Investors can join the call by dialing 877-407-6184 or through a webcast available on the company's Investor Relations website. Sunoco operates in the distribution of motor fuel across approximately 10,000 locations in over 40 U.S. states.
Energy Transfer LP (NYSE: ET) will announce its second-quarter earnings on August 3, 2022, after market close. A conference call will follow at 3:30 p.m. CT to discuss results and provide updates. Energy Transfer operates a large, diversified energy asset portfolio across major U.S. production basins, including natural gas and crude oil transportation and storage. The company also holds interests in Sunoco LP (NYSE: SUN) and USA Compression Partners, LP (NYSE: USAC). Further details and the webcast can be accessed on energytransfer.com.
Energy Transfer has entered a significant 25-year LNG Sale and Purchase Agreement with China Gas, marking the latter's first long-term LNG contract. This deal involves supplying 0.7 million tonnes of LNG annually, starting in 2026, with prices linked to the Henry Hub benchmark. This agreement increases Energy Transfer's contracted LNG from the Lake Charles LNG facility to nearly 6 million tonnes per annum. The project has secured all necessary construction permits and aims to achieve a Final Investment Decision (FID) later this year.
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.
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 a quarterly cash distribution of $0.20 per common unit for Q1 2022, a 30% increase compared to Q1 2021. This amounts to $0.80 annually, with payment scheduled for May 19, 2022. The company aims to adjust future distributions quarterly, targeting a return to $0.305 quarterly, while maintaining a leverage ratio between 4.0x-4.5x debt-to-EBITDA. Earnings will be released on May 4, 2022, followed by a conference call at 3:30 p.m. CT.
Energy Transfer LP (NYSE: ET) has announced its quarterly cash distributions for preferred units, effective May 16, 2022. Unitholders will receive $0.4609375 for Series C, $0.4765625 for Series D, and $0.4750000 for Series E, payable to those on record as of May 2, 2022. The company operates a diversified energy asset portfolio across North America, including midstream natural gas and crude oil transportation. ET also holds significant stakes in Sunoco LP (NYSE: SUN) and USA Compression Partners, LP (NYSE: USAC).