FAQs

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What is Sunoco LP?

Sunoco LP is a master limited partnership (MLP) that is a key player in the U.S. wholesale and retail motor fuels distribution business and is also in the convenience store business.

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What is a Master Limited Partnership?

An “MLP” is an entity that is structured as a limited partnership instead of a Corporation. Limited partner “units” are traded on public exchanges just like shares of stock in a Corporation. Unlike a Corporation, MLPs do not pay corporate-level taxes. Instead, taxes are paid on a partially deferred basis by limited partner unitholders, making MLPs “pass-through” entities; that is, investors avoid the double taxation on “distributions” from an MLP that they pay on “dividends” paid by Corporations.

As a result, MLPs provide a tax-efficient means to invest. The tax-deferred income is not taxable until the unitholder sells the security.

Most MLPs are also attractive to investors seeking income-oriented securities because the typical MLP – Sunoco LP included – seeks to provide growth in distributions over the long term to its unitholders.

MLPs consist of a general partner and limited partners. The general partner manages the daily operations, typically holds an equity ownership stake in the Partnership and is often entitled to receive incentive distribution rights payments. The limited partners (or common unitholders) provide capital, typically receive quarterly cash distributions and have no role in the Partnership’s operations and management or voting rights.

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What exchange does Sunoco’s units trade on and what is the ticker symbol?

Our common units trade on the New York Stock Exchange under the ticker symbol SUN.

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Does Sunoco pay a dividend?

As an MLP, Sunoco pays a quarterly “distribution” rather than a dividend. Click here for a history of our distribution payments. The Board of Directors reviews and approves Sunoco’s distribution level on a quarterly basis.

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Does Sunoco have a Dividend Re-Investment Plan/Direct Purchase Plan?

Not at this time. Please contact your broker to buy or sell Sunoco LP units.

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What securities analysts cover Sunoco LP?

For a full listing, please visit our Analyst Coverage page.

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What is a K-1, and when should I expect to receive it?

A K-1 is a tax document related to your units in Sunoco LP that you will need to prepare your annual income tax return. It’s like a 1099 that you would receive from a Corporation reporting dividends paid, but it is more detailed.

We mail K-1s in mid-March each year, but you may also retrieve the data online. Visit our K-1 web page for more information.

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Who is Sunoco’s transfer agent?

Computershare is the transfer agent and registrar for Sunoco LP units. Please contact Computershare to transfer your units or update your address, or if you have other questions about your account.

Computershare Trust Company NA
250 Royall Street
Canton, MA 02021

1-800-962-4284 (phone)
1-781-575-3100 (phone)
1-303-262-0604 (fax)

For email inquiries please use:
shareholder@computershare.com

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Are Sunoco LP units suitable for my Individual Retirement Account (IRA)?

We recommend that you consult with your tax advisor, as each investors’ tax situation is unique. For the majority of investors, placing a tax shielded investment like an MLP unit into a tax shielded IRA is typically not the most tax efficient way to invest. That’s because MLPs generate what is known as “unrelated business taxable income” (UBTI), and certain tax-exempt investment vehicles such 401Ks or IRAs would be subject to tax on MLP holdings.

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What are the tax consequences of inheriting MLP units?

MLPs can be a tax-efficient means of transferring assets of an estate. When an individual inherits units in an MLP, the cost basis is reset to the price of the unit on the date of transfer. Thus, the tax liability created by the reduction of the original unitholder’s cost basis is eliminated.

That said, we recommend you consult directly with your own legal and tax advisors, as every situation is unique.

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What are your credit ratings on debt?

Sunoco LP's Corporate Family Ratings is:

  1. S&P BB
  2. Moody’s Ba2
  3. Fitch BB

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Who is Sunoco’s independent registered accounting firm?

Grant Thornton LLP.

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When and where is Sunoco’s Annual Meeting?

As an MLP managed by a general partner, Sunoco is not required to hold an annual meeting of unitholders.

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Is the Partnership hiring new employees today?

We are always looking for great talent across all our businesses. Please visit our Careers website to learn about employment opportunities Sunoco LP.

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How do I solicit Sunoco’s support for my charitable organization?

For non-profit organizations in Sunoco’s Eastern U.S. footprint, click here for information on eligibility and how to apply for a grant from the Sunoco Foundation.

For groups located in our Southwestern markets, click here for information on applying for a grant or college scholarship from Stripes®.

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