Sunoco LP Completes the Acquisition of Sandford Oil
DALLAS, Aug. 1, 2018 /PRNewswire/ --Sunoco LP (NYSE: SUN) ("Sunoco") announced today the completion of the
acquisition of the equity interests of Sandford Energy, LLC, Sandford Transportation, LLC and their respective
subsidiaries for approximately $66 million plus working capital adjustments. The acquired wholesale fuels business
distributes approximately 115 million gallons of fuel annually to exploration, drilling and oil eld services
customers, primarily in basins in Central and West Texas and Oklahoma.
The acquisition is consistent with Sunoco's strategy of utilizing its scale to grow the core fuel distribution business.
The transactionwas funded using cash on hand and amounts available under Sunoco's revolving credit facility and
is expected to beimmediatelyaccretiveto Sunocowith respect to distributable cash ow.
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 dened by federal law. Forward-looking statements may be identied by the use of the words
"anticipates," "expects," "intends," "plans," "should," "could," "would," "may," "will," "believes," "estimates,"
"potential," "opportunity," "value-creating," "designed," "predict," "seek," "ongoing," "increases" or "continue" and
variations or similar expressions. Such forward-looking statements are subject to a variety of known and unknown