Sunoco LP Maintains Quarterly Distribution

DALLAS, April 2, 2020 /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 2020 of $0.8255 per common unit, which corresponds to $3.3020 per common unit on an annualized basis. The distribution will be paid on May 19, 2020 to common unitholders of record on May 7, 2020.

SUN will release its first quarter 2020 financial and operating results after the market closes on Monday, May 11. In conjunction with the news release, management will hold a conference call on Tuesday, May 12 at 8:00 a.m. Central Time (9:00 a.m. Eastern Time) to discuss SUN's results.

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 Operating, L.P., a wholly owned subsidiary of 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, [email protected]

Derek Rabe, CFA
Manager ? Investor Relations, Growth and Strategy
(214) 840-5553, [email protected]

SOURCE Sunoco LP