Sunoco LP Completes Its Conversion of West Texas
Retail Sites to Commission Agent Model
DALLAS, April 2, 2018 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("Sunoco") today announced the completion of the
conversion of its 207 retail sites located in certain West Texas, Oklahoma and New Mexico markets to a single
commission agent. With this conversion complete, Sunoco's transition out of the majority of its convenience store
operations in the continental U.S. is effectively complete. Sunoco will continue to operate sites along the New
Jersey and New York toll roads along with its retail operations in Hawaii.
Under the commission agent model, Sunoco owns, prices and sells fuel at the sites, paying the agent a fixed cents-
per-gallon commission. In addition, Sunoco continues to own approximately two-thirds of this portfolio in fee and
will receive rental income from the commission agent, who will conduct all operations related to the convenience
store and any related restaurant locations.
About Sunoco LP
Sunoco LP (NYSE: SUN) is a master limited partnership that distributes motor fuel to approximately 9,200
convenience stores, independent dealers, commercial customers and distributors located in more than 30 states.
SUN's general partner is owned by Energy Transfer Equity, L.P. (NYSE: ETE).
The information contained in this press release is available on the Sunoco LP website at www.SunocoLP.com.
This press release may include certain statements concerning expectations for the future that are forward-looking
statements as defined by federal law. Forward-looking statements may be identified by the use of the words
"anticipates," "expects," "intends," "plans," "should," "could," "would," "may," "will," "believes," "estimates,"