Higher payouts as SunocoCorp LLC (NYSE: SUNC) lifts quarterly distribution
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
SunocoCorp LLC is increasing cash returns to investors. The Board approved a quarterly cash distribution of $0.9899 per common unit, or $3.9596 on an annualized basis, for the quarter ended March 31, 2026. This represents an increase of about 6.25%, or $0.0582 per unit, versus the prior quarter.
The company notes this is its sixth consecutive quarterly increase and that the first-quarter 2026 annualized distribution is about 10% higher than the first-quarter 2025 level. Distributions for both SUN and SUNC will be paid on May 20, 2026 to holders of record as of May 8, 2026.
Positive
- Quarterly distribution raised 6.25%, to $0.9899 per common unit ($3.9596 annualized), with the first-quarter 2026 annualized level about 10% above first-quarter 2025.
- Clear income-growth track record, with distribution increases of 2% in 2023, 4% in 2024, 5% in 2025, and this marking the sixth consecutive quarterly increase and a stated multi-year growth rate target of at least 5%.
Negative
- None.
Insights
SunocoCorp LLC lifts its quarterly payout 6.25%, extending a multi-year distribution growth streak.
SunocoCorp LLC and Sunoco LP declared a quarterly distribution of $0.9899 per common unit, or $3.9596 annualized, for the quarter ended March 31, 2026. The 6.25% increase, or $0.0582 per unit, builds on prior annual increases of 2%, 4%, and 5%.
The release describes this as the sixth consecutive quarterly increase and ties it to SUN’s financial stability, accretive acquisitions, and growth projects. It also reiterates a multi-year distribution growth objective of at least 5%, suggesting an ongoing emphasis on returning cash to investors when conditions allow.
Distributions for both SUN and SUNC are scheduled to be paid on May 20, 2026 to holders of record as of May 8, 2026. Foreign holders of SUN units face U.S. withholding on 100% of distributions as effectively connected income, while SUNC’s payments are treated as corporate distributions with tax treatment detailed via forthcoming IRS Form 8937.
8-K Event Classification
3 items: 7.01, 8.01, 9.01
3 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Quarterly distribution: $0.9899 per common unit
Annualized distribution: $3.9596 per common unit
Quarter-over-quarter increase: 6.25% / $0.0582 per unit
+5 more
8 metrics
Quarterly distribution
$0.9899 per common unit
For the quarter ended March 31, 2026
Annualized distribution
$3.9596 per common unit
Based on first quarter 2026 payout
Quarter-over-quarter increase
6.25% / $0.0582 per unit
Increase versus quarter ended December 31, 2025
Year-over-year distribution growth
≈10% increase
First quarter 2026 annualized vs first quarter 2025
Historical annual increases
2%, 4%, 5%
Distribution growth in 2023, 2024, and 2025 respectively
Payment date
May 20, 2026
SUN and SUNC distributions to holders of record
Record date
May 8, 2026
Determines eligibility for SUN and SUNC distributions
Foreign ECI share of SUN distributions
100% of distributions
Treated as effectively connected income for foreign investors
Key Terms
Regulation FD Disclosure, qualified notice, effectively connected with a United States trade or business, withholding agents, +2 more
6 terms
Regulation FD Disclosure regulatory
"Item 7.01. Regulation FD Disclosure. On April 21, 2026, SunocoCorp LLC issued a press release"
qualified notice regulatory
"This release serves as qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4)"
A qualified notice is a formal communication that meets the specific wording, timing and delivery rules set out in a contract, corporate policy or law so it is legally effective. Think of it like a certified letter that ticks every checkbox required by an agreement. Investors care because only a qualified notice can trigger rights or changes — such as deadlines, payments, defaults or board actions — and thus can materially affect a company’s obligations and share value.
effectively connected with a United States trade or business regulatory
"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"
A tax status describing when income earned by a foreign person or entity is treated as tied to active business operations inside the United States. If income is 'effectively connected' to a U.S. trade or business, it is usually taxed like domestic business income rather than as passive foreign-sourced income; think of it as income earned by someone who has a real storefront or employees inside the U.S. rather than just selling from afar. Investors care because this classification changes tax rates, reporting requirements, and after-tax returns on U.S.-linked activities.
withholding agents regulatory
"Nominees, and not Sunoco LP, are treated as withholding agents responsible for withholding distributions"
A withholding agent is an entity (often an employer, broker, or payer) that is legally required to hold back and remit taxes or other required amounts from payments made to a recipient, such as wages, dividends, interest, or contractor fees. For investors, this matters because withheld amounts affect the cash they receive, determine tax reporting and potential refunds, and influence net returns in cross-border or taxable transactions — like a cashier keeping part of a payment to cover a bill.
return of tax basis financial
"its distributions should be classified as a taxable dividend and/or a return of tax basis"
IRS Form 8937 regulatory
"SUNC will publish IRS Form 8937, Report of Organizational Actions Affecting Basis of Securities"
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Act of 1934
Date of Report (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
| , | |||||||||||
(Address of principal executive offices, including zip code) | |||||||||||
(214 ) 981-0700
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01. Regulation FD Disclosure.
On April 21, 2026, SunocoCorp LLC issued a press release announcing that the Board of Directors of its managing member, SunocoCorp Management LLC, (the “Board”) approved a cash distribution of $0.9899 per common unit ($3.9596 annualized) on SunocoCorp LLC common units for the quarter ended March 31, 2026.
A copy of the press release is set forth in Exhibit 99.1 and is incorporated herein by reference. In accordance with General Instruction B.2 of Form 8-K, the information set forth in the attached Exhibit 99.1 is deemed to be “furnished” and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).
Item 8.01. Other Events.
On April 21, 2026, SunocoCorp LLC issued a press release announcing that the Board approved a cash distribution of $0.9899 per common unit ($3.9596 annualized) on SunocoCorp LLC common units for the quarter ended March 31, 2026. The cash distribution will be paid on May 20, 2026 to common unitholders of record as of May 8, 2026.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number | Exhibit Description | |||||||
| 99.1 | Press Release dated April 21, 2026 | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
SUNOCOCORP LLC | ||||||||
By: | SunocoCorp Management LLC, its managing member | |||||||
Date: April 21, 2026 | By: | /s/ Rick Raymer | ||||||
Rick Raymer | ||||||||
Vice President, Controller and Principal Accounting Officer | ||||||||
Exhibit 99.1
 | News Release | ||||
Sunoco LP and SunocoCorp LLC Announce a 6.25% Increase in Quarterly Distributions
DALLAS, April 21, 2026 – Sunoco LP (NYSE: SUN) (“SUN” or the “Partnership”) and SunocoCorp LLC (NYSE: SUNC) (“SUNC”) announced a quarterly distribution of $0.9899 per common unit, or $3.9596 on an annualized basis, for the quarter ended March 31, 2026. This represents an increase of approximately 6.25%, or $0.0582 per common unit, as compared to the quarter ended December 31, 2025.
This 6.25% increase is inclusive of a one-time step-up of 5% and a quarterly increase of 1.25%. The increase reflects SUN’s continued financial stability, execution of highly accretive acquisitions and growth projects, and confidence in future distribution increases.
The first quarter of 2026 annualized distribution represents an increase of approximately 10% over the first quarter of 2025 annualized distribution. This increase reflects SUN’s secure and growing distribution, supported by distribution increases of 2% in 2023, 4% in 2024, and 5% in 2025.
This is the sixth consecutive quarterly increase in SUN’s distribution and is consistent with SUN’s capital allocation strategy which includes a multi-year distribution growth rate of at least 5%.
The SUN and SUNC distributions will be paid on May 20, 2026 to holders of record of the respective securities on May 8, 2026.
About Sunoco LP
Sunoco LP is a leading energy infrastructure and fuel distribution master limited partnership operating across 32 countries and territories in North America, the Greater Caribbean, and Europe. The Partnership’s midstream operations include an extensive network of approximately 14,000 miles of pipeline and over 160 terminals. This critical infrastructure complements the Partnership’s fuel distribution operations, which distribute over 15 billion gallons annually to approximately 11,000 Sunoco and partner-branded retail locations, as well as independent dealers and commercial customers. SUN's general partner is owned by Energy Transfer LP (NYSE: ET).
SunocoCorp LLC is a publicly traded limited liability company that owns a direct limited partner interest in Sunoco LP.
SUN and SUNC are headquartered in Dallas, Texas. More information is available at www.sunocolp.com
Forward-Looking Statements
This news release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal law. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. An extensive list of factors that can affect future results, including future distribution levels, are discussed in the Partnership’s Annual Report on Form 10-K and other documents filed from time to time with the Securities and Exchange Commission. The Partnership undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.
Qualified Notice with respect to Distributions on SUN Common Units
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.
Tax Reporting with respect to Distributions on SUNC Common Units
SUNC is classified as a corporation for U.S. federal income tax purposes, and its distributions should be classified as a taxable dividend and/or a return of tax basis. SUNC will publish IRS Form 8937, Report of Organizational Actions Affecting Basis of Securities to clarify the expected portion of the quarterly distribution that will be taxable as a dividend versus return of tax basis. In the event that we are unable to timely determine the portion of our distribution that is a “dividend” for U.S.
Exhibit 99.1
federal income tax purposes, or a unitholder’s broker or withholding agent chooses to withhold taxes from distribution in a manner inconsistent with our determination of the amount that constitutes a “dividend” for such purposes, a unitholder’s broker or other withholding agent may overwithhold taxes from distributions paid.
Contacts
Sunoco Investors:
Scott Grischow
Treasurer, Senior Vice President – Finance
(214) 840-5660, scott.grischow@sunoco.com
Brian Brungardt
Director – Investor Relations
(214) 840-5437, brian.brungardt@sunoco.com
Sunoco Media:
Chris Cho, Director – Corporate Communications
(469) 646-1647, chris.cho@sunoco.com
# # #
FAQ
What distribution did SunocoCorp LLC (SUNC) declare for Q1 2026?
SunocoCorp LLC declared a cash distribution of $0.9899 per common unit, or $3.9596 on an annualized basis, for the quarter ended March 31, 2026. The same per-unit amount applies to Sunoco LP common units, with payment expected on May 20, 2026 to holders of record May 8, 2026.
How much did SunocoCorp LLC (SUNC) increase its quarterly distribution?
The quarterly distribution increased approximately 6.25%, or $0.0582 per common unit, compared with the quarter ended December 31, 2025. This 6.25% rise includes a one-time 5% step-up plus a 1.25% quarterly increase, continuing a pattern of regular distribution growth in recent years.
When will SUNC’s new distribution be paid and what is the record date?
The SUN and SUNC distributions will be paid on May 20, 2026 to holders of record as of May 8, 2026. Investors holding either Sunoco LP units or SunocoCorp LLC common units on the record date will be eligible to receive the declared cash distribution on the stated payment date.
How does SunocoCorp LLC’s Q1 2026 annualized distribution compare to Q1 2025?
The first quarter 2026 annualized distribution of $3.9596 per unit represents an increase of approximately 10% over the first quarter 2025 annualized level. This year-over-year rise follows earlier distribution increases of 2% in 2023, 4% in 2024, and 5% in 2025 as part of a multi-year growth plan.
What long-term distribution growth approach does Sunoco highlight for SUN and SUNC?
Sunoco highlights a capital allocation strategy targeting a multi-year distribution growth rate of at least 5%. The company notes six consecutive quarterly increases and cites financial stability, accretive acquisitions, and growth projects as supporting factors for sustaining and growing distributions over time.
How are Sunoco LP (SUN) distributions to foreign investors treated for U.S. tax purposes?
The release states that 100% of Sunoco LP’s distributions to foreign investors are effectively connected with a U.S. trade or business. As a result, all such distributions are subject to U.S. federal tax withholding at the highest applicable effective tax rate, with nominees acting as withholding agents.
How are SunocoCorp LLC (SUNC) distributions characterized for U.S. federal tax purposes?
SUNC is treated as a corporation for U.S. federal income tax purposes, so its distributions are classified as taxable dividends and/or returns of tax basis. SUNC plans to publish IRS Form 8937 each quarter to clarify what portion of its distribution is dividend income versus a non-taxable basis return.