Sunoco LP Maintains Quarterly Distribution
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.
Sentiment and the balance of points
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Rhea-AI Summary
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).
Positive
- Quarterly distribution maintained at $0.8255 per common unit.
- Annualized distribution rate stands at $3.3020 per common unit.
- Wide operational reach with distribution to approximately 10,000 locations.
Negative
- None.
Details
News Market Reaction – SUN
The recorded move for SUN in the trading session of this news was -0.65%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
DALLAS, April 26, 2022 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN") announced that the Board of Directors of its general partner declared a quarterly distribution for the first quarter of 2022 of
About Sunoco LP
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).
Qualified Notice
This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat 100 percent of Sunoco LP's distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Sunoco LP's distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.
Contacts
Scott Grischow, Treasurer, Vice President – Investor Relations and Mergers & Acquisitions
(214) 840-5660, scott.grischow@sunoco.com
James Heckler
Director – Investor Relations and Corporate Finance
(214) 840-5415, james.heckler@sunoco.com
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SOURCE Sunoco LP
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