Sunoco LP is a growth-oriented master limited partnership (MLP) that distributes motor fuel to approximately 6,800 convenience stores, independent dealers, commercial customers and distributors. We also operate approximately 1,340 C-stores and retail fuel sites. Common units are traded on the NYSE under the symbol SUN. Sunoco LP is managed by Energy Transfer Equity, L.P. (NYSE: ETE), which owns its General Partner, all of its incentive distribution rights and a 2% LP interest in SUN. Energy Transfer Partners (NYSE: ETP) owns a 46% LP interest in SUN.
Our 125-year-old Sunoco fuel brand and expertise in supply, trading and marketing, combined with our successful regional convenience store brands like Texas-based Stripes,® with its merchandising expertise, make Sunoco LP one of the largest and most diversified fuel distribution and marketing platforms in the U.S. We supply fuel to customers in 30 U.S. states.
We strive to deliver market-leading distribution growth over the long term. Our diverse portfolio of assets in attractive, high-growth markets generates a stable stream of distributable cash flows with significant upside potential through organic growth and opportunistic acquisitions. This provides a strong platform that we believe has the potential to drive unitholder value over the long term.
Sunoco LP was formed by ETP in 2014 with the purchase of Susser Petroleum Partners LP, SUN’s predecessor. SUN experienced transformational growth through the subsequent dropdown of the legacy wholesale and retail assets of Sunoco Inc., retail assets of Susser Holdings Corporation, and from subsequent acquisitions, including Aloha Petroleum.