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.
Energy Transfer LP (NYSE: ET) has announced the availability of its 2024 Schedule K-3s, which contain international tax-relevant information for unitholders. These documents are accessible through the investor relations section of Energy Transfer's website at www.energytransfer.com.
Common unitholders can request electronic copies by calling 800-617-7736, while preferred unitholders (Series A through I) can call 833-608-3511. Tax Package Support is available on weekdays from 8:00 am to 5:00 pm Central Time. The Schedule K-3s are particularly relevant for foreign unitholders, those computing foreign tax credits, and certain corporate/partnership unitholders.
Sunoco LP (NYSE: SUN) has announced the availability of its 2024 Schedule K-3 tax documents online, which contain items of international tax relevance. The announcement also includes the availability of 2024 Schedule K-3 for NuStar Energy Partners, L.P., which merged with SUN on May 3, 2024.
Unitholders can access their Schedule K-3 through www.sunocolp.com's investor relations section. SUN common unitholders can request electronic copies by calling 844-289-8131, while NuStar unitholders can call different support lines based on their unit type: (844) 364-7560 for preferred units and (800) 310-6595 for common units.
The Schedule K-3 is particularly relevant for foreign unitholders, those computing foreign tax credits, and certain corporate/partnership unitholders.Sunoco LP (NYSE: SUN) has announced the acquisition of Parkland Corporation (TSX: PKI) in a cash and equity transaction valued at U.S.$9.1 billion, including assumed debt. Under the deal, Parkland shareholders will receive 0.295 SUNCorp units and C$19.80 per share, representing a 25% premium. The transaction will create the largest independent fuel distributor in the Americas, with expected run-rate synergies of U.S.$250 million by Year 3.
Sunoco commits to maintaining Parkland's Calgary headquarters, protecting Canadian jobs, and continuing investments in the Burnaby Refinery. The deal is expected to be 10%+ accretive to distributable cash flow per unit, with leverage returning to Sunoco's 4x target within 12-18 months post-close. The transaction requires shareholder and regulatory approvals and is expected to close in the second half of 2025.
Energy Transfer LP (NYSE: ET) has announced a quarterly cash distribution increase to $0.3275 per common unit ($1.31 annualized) for Q1 2025, representing a 3% increase compared to Q1 2024. The distribution will be paid on May 20, 2025, to unitholders of record as of May 9, 2025.
The company operates one of the largest energy asset portfolios in the United States, with over 130,000 miles of pipeline across 44 states. Energy Transfer's portfolio includes natural gas midstream operations, interstate transportation, storage assets, crude oil and NGL infrastructure, and fractionation facilities. The company also owns Lake Charles LNG Company and holds significant stakes in Sunoco LP (21%) and USA Compression Partners (39%).
Sunoco LP (NYSE: SUN) has announced a quarterly distribution increase of 1.25% to $0.8976 per common unit ($3.5904 annualized) for Q1 2025. This marks the second consecutive quarterly distribution increase, aligning with SUN's capital allocation strategy and 2025 business outlook targeting an annual distribution growth rate of at least 5%.
The distribution will be paid on May 20, 2025, to unitholders of record as of May 9, 2025. Since 2022, SUN has demonstrated its commitment to unitholder returns by increasing distributions by approximately 9%.
Energy Transfer LP (NYSE: ET) has announced a quarterly cash distribution of $0.2111 per Series I Preferred Unit (NYSE: ETprI), payable on May 15, 2025, to unitholders of record as of May 2, 2025.
The company operates one of the largest energy asset portfolios in the United States, featuring over 130,000 miles of pipeline infrastructure across 44 states. ET's operations encompass natural gas midstream, interstate and intrastate transportation, storage assets, crude oil, NGL and refined product transportation, and terminalling assets.
Energy Transfer also maintains significant ownership positions in Sunoco LP (21% of common units) and USA Compression Partners (39% of common units), along with their general partner interests.