Sunoco and Energy Transfer Sign First Joint Multi-Year Partnership With Stake F1 Team KICK Sauber
Sunoco and Energy Transfer sign a first joint multi-year partnership with Stake F1 Team KICK Sauber, unveiling branding at 2024 Grand Prix races in the U.S.
02/23/2024 - 11:00 AM
Sunoco branding to be unveiled at the 2024 Miami Grand Prix in Miami
Energy Transfer branding to be unveiled at the 2024 United States Grand Prix in Austin, Texas
DALLAS --(BUSINESS WIRE)--
Sunoco LP (NYSE: SUN) and Energy Transfer LP (NYSE: ET), both based in Dallas , announced today they have signed an agreement with Switzerland -based Sauber Motorsport to sponsor its Stake F1 Team KICK Sauber, marking the first time these two companies have entered a marketing partnership. The two-year partnership agreement commences with the 2024 season and entitles the companies to certain sponsorship rights for three Formula 1 Grand Prix races in the U.S.
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SUNOCO AND ENERGY TRANSFER SIGN FIRST JOINT MULTI-YEAR PARTNERSHIP WITH STAKE F1 TEAM KICK SAUBER (Photo: Business Wire)
The cornerstone of the sponsorship is brand visibility for both Sunoco and Energy Transfer on the new C44 Stake F1 Team car revealed in Hinwil, Switzerland earlier this month. Per the terms of the contract, Sunoco branding will be displayed on the Stake F1 car for the Miami and Las Vegas Grands Prix in May and November respectively, while Energy Transfer’s branding will be featured on the Stake F1 car for the United States Grand Prix in Austin in October.
Sunoco LP (NYSE: SUN) is a master limited partnership with core operations that include the distribution of motor fuel to approximately 10,000 convenience stores, independent dealers, commercial customers and distributors located in more than 40 U.S. states and territories as well as refined product transportation and terminalling assets. SUN's general partner is owned by Energy Transfer LP (NYSE: ET).
Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States , with more than 125,000 miles of pipeline and associated energy infrastructure. Energy Transfer’s strategic network spans 44 states with assets in all of the major U.S. production basins. Energy Transfer is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (“NGL”) and refined product transportation and terminalling assets; and NGL fractionation. Energy Transfer also owns Lake Charles LNG Company, as well as the general partner interests, the incentive distribution rights and approximately 34% of the outstanding common units of Sunoco LP (NYSE: SUN), and the general partner interests and approximately 46% of the outstanding common units of USA Compression Partners, LP (NYSE: USAC). For more information, visit the Energy Transfer LP website at www.energytransfer.com .
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Sunoco Media Relations:
Energy Transfer Media Relations:
Source: Energy Transfer LP
What companies have signed a marketing partnership with Sauber Motorsport for the Stake F1 Team KICK Sauber?
Sunoco LP (NYSE: SUN) and Energy Transfer LP (NYSE: ET)
What is the duration of the partnership agreement between Sunoco, Energy Transfer, and Sauber Motorsport?
The two-year partnership agreement commences with the 2024 season
Which Formula 1 Grand Prix races in the U.S. will feature Sunoco and Energy Transfer branding on the Stake F1 car?
Miami, Las Vegas, and United States Grand Prix in Austin
What are the core operations of Sunoco LP (NYSE: SUN)?
Distribution of motor fuel, refined product transportation, and terminalling assets
What are the core operations of Energy Transfer LP (NYSE: ET)?
Ownership and operation of energy assets, pipeline infrastructure, natural gas midstream operations, transportation and storage assets
SUN Rankings
N/A Ranked by Stock Gains
SUN Stock Data
Industry
Pipeline Transportation of Crude Oil
Sector
Transportation and Warehousing
Tags
Distribution Services, Wholesale Distributors, Transportation and Warehousing, Pipeline Transportation of Crude Oil
Country
US
City
Dallas
About SUN
for more than 125 years, the sunoco brand has been synonymous with quality and excellence. that rich heritage sets the stage for our culture of success today. and it will continue to guide our growth well into the future. every year, we transport millions of gallons of transportation fuel, crude oil, and other products through our logistics business. and our retail operations in 24 states provides our customers with the convenience and speed they want. today, sunoco is known as a company on the move—constantly innovating, evolving, and always delivering. a lot has changed in 125 years, but not our commitment to helping our customers get to where they’re going. the racing fuel of choice in 2004, sunoco became the official fuel of nascar®. already the authorized gasoline manufacturer for more than 50 racing series, sunoco added nascar's sprint cup series™, nascar's nationwide series™, and nascar's camping world truck series™ to that list. more recently, sunoco established a partne
