Sunoco LP (NYSE: SUN) is a growth-oriented master limited partnership (MLP) that distributes Sunoco-branded motor fuel to convenience stores, independent dealers, commercial customers and distributors and also operates approximately 850 convenience stores and retail fuel sites.

Sunoco LP’s General Partner interests and incentive distributions rights are owned by Energy Transfer Equity, L.P. (NYSE: ETE). Energy Transfer Partners, L.P. (NYSE: ETP) owns a 50.8% limited partner interest in SUN and has announced plans to contribute to SUN its remaining retail marketing segment assets, including convenience stores operated by Sunoco Inc. and a majority interest in the wholesale fuel operations of its Sunoco, LLC subsidiary by the end of 2016. More…