Sunoco LP Maintains Quarterly Distribution
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.
Sentiment and the balance of points
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Rhea-AI Summary
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).
Positive
- Quarterly distribution declared at $0.8255 per common unit.
- Annualized distribution rate of $3.3020 reflects consistent shareholder returns.
- Extensive 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 -0.60%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
DALLAS, Oct. 25, 2021 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN") announced that the Board of Directors of its general partner declared a quarterly distribution for the third quarter of 2021 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 30 states 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
Vice President – Investor Relations and Treasury
(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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