Sunoco LP Maintains Quarterly Distribution

DALLAS , Oct. 26, 2016 /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 2016 of $0.8255 per common unit, which corresponds to $3.3020 per common unit on an annualized basis. The third quarter distribution is unchanged from the second quarter 2016 distribution and reflects a 10.7 percent increase compared to the distribution for the third quarter of 2015. The distribution will be paid on November 15, 2016 to common unitholders of record on November 7, 2016 .

SUN will release its third quarter 2016 financial and operating results after the market closes on Wednesday, November 9 . In conjunction with the news release, management will hold a conference call on Thursday, November 10 , at 9:00 a.m. Central Time ( 10:00 a.m. Eastern Time ) to discuss SUN's results.

Sunoco LP (NYSE: SUN) is a master limited partnership that operates approximately 1,340 retail fuel sites and convenience stores (including APlus, Stripes, Aloha Island Mart and Tigermarket brands) and distributes motor fuel to convenience stores, independent dealers, commercial customers and distributors located in more than 30 states at approximately 6,900 sites. Our parent -- Energy Transfer Equity, L.P. (NYSE: ETE) -- owns Sunoco'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
(469) 646-1188,scott.grischow@sunoco.com

Patrick Graham , Senior Analyst – Investor Relations and Finance
(469) 646-1328,patrick.graham@sunoco.com

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SOURCE Sunoco LP