DALLAS, April 27, 2017 /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 2017 of $0.8255 per common
unit, which corresponds to $3.3020
per common unit on an annualized basis. The first quarter
distribution is unchanged from the fourth quarter 2016 distribution
and reflects a 1.0 percent increase compared to the distribution
for the first quarter of 2016. The distribution will be
paid on May 16, 2017 to common
unitholders of record on May 9,
2017.
SUN will release its first quarter 2017 financial and operating
results after the market closes on Wednesday, May 3. In conjunction with the news
release, management will hold a conference call on Thursday, May 4, at 9:30
a.m. Central Time (10:30 a.m. Eastern
Time) to discuss SUN's results.
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By
Phone:
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Dial 201-389-0877 at
least 10 minutes before the call. A replay will be available
through March 3 by dialing 201-612-7415 and using the conference ID
13661024#.
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By
Webcast:
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Connect to the
webcast via the Events and Presentations pages of SUN's Investor
Relations website at www.SunocoLP.com. Please log in at least 10
minutes in advance to register and download any necessary
software. A replay will be available shortly after the
call.
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About Sunoco LP
Sunoco LP (NYSE: SUN) is a master limited partnership that
operates approximately 1,345 convenience stores and retail fuel
sites and distributes motor fuel to approximately 7,845 convenience
stores, independent dealers, commercial customers and distributors
located in 30 states. Our parent -- Energy Transfer Equity, L.P.
(NYSE: ETE) -- owns SUN's general partner and incentive
distribution rights.
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 SUN's distributions to non-U.S. investors as being
attributable to income that is effectively connected with a
United States trade or business.
Accordingly, SUN's distributions to non-U.S. investors are subject
to federal income tax withholding at the highest applicable
effective tax rate.
Contacts
Scott Grischow
Senior Director – Investor Relations and Treasury
(214) 840-5660, scott.grischow@sunoco.com
Patrick Graham
Senior Analyst – Investor Relations and Finance
(214) 840-5678, patrick.graham@sunoco.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/sunoco-lp-maintains-quarterly-distribution-300447707.html
SOURCE Sunoco LP