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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 motor fuels distribution, refined products transportation, and storage and terminaling.
What is a master limited partnership?
A master limited partnership (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. 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.
What fuels does Sunoco LP offer?
Sunoco LP is the premier independent fuel distributor in the U.S., distributing over eight billion gallons of fuel a year across more than 33 states, including Hawaii. We offer a competitive edge by providing a variety of fuel brands and business solutions, plus a vast array of value-added services to meet your needs and help you succeed. We also provide the highest quality fuels and lubricants to agricultural, commercial, industrial and energy customers at competitive prices.
As the nation’s premier fuel distributor, you can rely on us to deliver the fuel you need wherever and whenever you need it.
Where are Sunoco LP’s terminals located?
To better serve our customers, Sunoco LP owns and operates 13 terminals to ensure supply and quality standards remain at the highest levels. Having safe and reliable terminals means we have the fuel you need, when you need it.
Learn more about terminals