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) announced a quarterly cash distribution of $0.175 per common unit for Q4 2021, reflecting a 15% increase from the previous quarter. This distribution, payable on February 18, 2022, aims to return value to unitholders while maintaining a target leverage ratio of 4.0x-4.5x debt-to-EBITDA. The company plans to evaluate future distribution increases quarterly to eventually return to a quarterly level of $0.305. Earnings results for Q4 and full year 2021 will be released on February 16, 2022, followed by a conference call to discuss the outlook for 2022.
Energy Transfer LP (NYSE: ET) has announced quarterly cash distributions for its preferred units, amounting to
Energy Transfer LP (NYSE: ET) has appointed Dilanka Seimon as Vice President of Alternative Energy. Seimon, an industry veteran from BHP, will lead the development of alternative energy and carbon capture projects, focusing on ESG initiatives such as carbon offset programs. His extensive experience in the energy sector is anticipated to enhance Energy Transfer's efforts in renewable energy and sustainability.
Energy Transfer LP (NYSE: ET) announced plans to release its fourth quarter and full year 2021 earnings on February 16, 2022, after market close. A conference call will follow at 3:30 PM CT to discuss results and provide a 2022 outlook. Energy Transfer operates a large and diversified energy asset portfolio in the U.S., including natural gas and crude oil transportation, storage assets, and interests in Sunoco LP (NYSE: SUN) and USA Compression Partners, LP (NYSE: USAC).
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
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).
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