Sunoco LP Maintains Quarterly Distribution

Sunoco LP (NYSE: SUN) has announced that its Board of Directors has declared a quarterly distribution for the second quarter of 2024.

Rhea-AI Impact

(Low)

Rhea-AI Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Rhea-AI Summary

Sunoco LP (NYSE: SUN) has announced that its Board of Directors has declared a quarterly distribution for the second quarter of 2024. The distribution will be $0.8756 per common unit, which equates to $3.5024 per common unit on an annualized basis. This distribution will be paid on August 19, 2024 to common unitholders of record as of August 9, 2024. The announcement indicates that Sunoco LP is maintaining its quarterly distribution, suggesting stability in its financial position and commitment to returning value to unitholders.

Positive

Maintained quarterly distribution, indicating financial stability
Consistent payout to unitholders at $0.8756 per common unit

Negative

None.

Argus Session date unavailable

+0.59% session move Open Argus

Details

News Market Reaction – SUN

The recorded move for SUN in the trading session of this news was +0.59%.

Data tracked by StockTitan Argus. Session date unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

07/25/2024 - 04:15 PM EDT

DALLAS, July 25, 2024 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN") announced that the Board of Directors of its general partner declared a quarterly distribution for the second quarter of 2024 of $0.8756 per common unit or $3.5024 per common unit on an annualized basis. The distribution will be paid on August 19, 2024 to common unitholders of record on August 9, 2024.

About Sunoco LP

Sunoco LP (NYSE: SUN) is a leading energy infrastructure and fuel distribution master limited partnership operating in over 40 U.S. states, Puerto Rico, Europe, and Mexico. The Partnership's midstream operations include an extensive network of approximately 14,000 miles of pipeline and over 100 terminals. This critical infrastructure complements the Partnership's fuel distribution operations, which serve approximately 7,400 Sunoco and partner branded locations and additional independent dealers and commercial customers. SUN's general partner is owned by Energy Transfer LP (NYSE: ET).

Qualified Notice

This release serves as qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note that one hundred percent (100%) of Sunoco LP's distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of Sunoco LP's distributions to foreign investors are subject to federal tax withholding at the highest applicable effective tax rate. Nominees, and not Sunoco LP, are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors. For purposes of Treasury Regulation section 1.1446(f)-4(c)(2)(iii), brokers and nominees should treat one hundred percent (100%) of the distributions as being in excess of cumulative net income for purposes of determining the amount to withhold.

Contacts

Investors:
Scott Grischow, Treasurer, Senior Vice President – Finance
(214) 840-5660, scott.grischow@sunoco.com

Media:
Chris Cho, Senior Manager – Communications
(210) 918-3953, chris.cho@sunoco.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/sunoco-lp-maintains-quarterly-distribution-302207047.html

SOURCE Sunoco LP

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is Sunoco LP's (SUN) quarterly distribution for Q2 2024?

Sunoco LP's quarterly distribution for Q2 2024 is $0.8756 per common unit, which equates to $3.5024 per common unit on an annualized basis.

When will Sunoco LP (SUN) pay its Q2 2024 distribution?

Sunoco LP will pay its Q2 2024 distribution on August 19, 2024 to common unitholders of record on August 9, 2024.

Has Sunoco LP (SUN) changed its quarterly distribution amount?

No, Sunoco LP has maintained its quarterly distribution amount, indicating consistency in its payout to unitholders.

What is the annualized distribution rate for Sunoco LP (SUN) based on the Q2 2024 payout?

The annualized distribution rate for Sunoco LP is $3.5024 per common unit, based on the Q2 2024 quarterly payout of $0.8756 per unit.

Sunoco LP Maintains Quarterly Distribution