Sunoco LP (SUN)

Joseph Kim Joins Quanta Services Board of DirectorsMay 22, 2026 6:55 AM
PR Newswire (US) Adds Extensive Executive-Level Leadership and Operational ExperienceHOUSTON, May 22, 2026 /PRNewswire/ -- Quanta Services, Inc. (NYSE: PWR) announced today the appointment of Joseph Kim to the company's Board of Directors. He brings extensive executive-level leadership and operational experience, including supply chain and logistics expertise, to Quanta's board. Doyle N. Beneby, Quanta Services' independent Chairman of the Board, commented, "We are pleased to welcome Joe to the Quanta Services Board of Directors. He is an accomplished public company executive and director with extensive operational experience, including in supply chain and logistics, and brings to the board deep expertise in the energy industry and a strong track record in strategic planning, capital allocation and risk management. We look forward to working with Joe and welcome the perspective he will provide to Quanta."Mr. Kim currently serves as President, Chief Executive Officer and director of Sunoco GP LLC, the general partner of Sunoco LP (NYSE: SUN), a publicly traded energy infrastructure and fuel distribution master limited partnership, and previously served in other executive roles, including Chief Operating Officer, Executive Vice President and Chief Development Officer. Prior to joining Sunoco, Mr. Kim served as Chief Operating Officer of Pizza Hut, Inc., a division of Yum! Brands, Inc., a publicly traded company that franchises or operates an international system of restaurant chains, and in various roles of increasing responsibility at Valero Energy Corporation, a publicly traded fuels producer engaged in the manufacturing and marketing of transportation fuels and other related products.About Quanta Services
Quanta Services is an industry leader in providing specialized infrastructure solutions to the utility, power generation, load center, communications, pipeline, and energy industries. Quanta's comprehensive services include designing, installing, repairing and maintaining energy, load center and communications infrastructure. With operations throughout the United States, Canada, Australia and select other international markets, Quanta has the manpower, resources and expertise to safely complete projects that are local, regional, national or international in scope. For more information, visit www.quantaservices.com.Contact:   Kip Rupp, CFA, IRC
Sean Eastman
Quanta Services, Inc.
(713) 629-7600    View original content to download multimedia:https://www.prnewswire.com/news-releases/joseph-kim-joins-quanta-services-board-of-directors-302779769.htmlSOURCE Quanta Services, Inc. Original: Joseph Kim Joins Quanta Services Board of Directors

Sunoco LP 2025 Schedule K-3s Now AvailableMay 15, 2026 4:05 PM
Business Wire Sunoco LP (NYSE: SUN) (“SUN” or the “Partnership”) today announced that its 2025 Schedule K-3 reflecting items of international tax relevance is available online. Unitholders requiring this information may access their Schedule K-3 at www.sunocolp.com in the investor relations section of the website. A limited number of unitholders (primarily foreign unitholders, unitholders computing a foreign tax credit on their tax return and certain corporate and/or partnership unitholders) may need the detailed information disclosed on Schedule K-3 for their specific reporting requirements. To the extent Schedule K-3 is applicable to your federal income tax return filing needs, we encourage you to review the information contained on this form and refer to the appropriate federal laws and guidance or consult with your tax advisor. Sunoco LP Common Unitholders To receive an electronic copy of your 2025 Schedule K-3 via email, Sunoco unitholders owning Sunoco Common Units may call Tax Package Support toll free at 844-289-8131. Sunoco LP Preferred Unitholders To receive an electronic copy of your 2025 Schedule K-3 via email, Sunoco unitholders owning Sunoco Preferred Units (Series A) may call Tax Package Support toll free at 844-289-8131. For more information, visit the Sunoco LP website www.sunocolp.com. About Sunoco Sunoco LP (NYSE: SUN) is a leading energy infrastructure and fuel distribution master limited partnership operating across 32 countries and territories in North America, the Greater Caribbean, and Europe. The Partnership’s midstream operations include an extensive network of approximately 14,000 miles of pipeline and over 160 terminals. This critical infrastructure complements the Partnership’s fuel distribution operations, which distribute over 15 billion gallons annually to approximately 11,000 Sunoco and partner-branded retail locations, as well as independent dealers and commercial customers. SUN's general partner is owned by Energy Transfer LP (NYSE: ET). SUN is headquartered in Dallas, Texas. More information is available at www.sunocolp.com View source version on businesswire.com: https://www.businesswire.com/news/home/20260515080748/en/ Investors:
Scott Grischow, Treasurer, Senior Vice President – Finance
(214) 840-5660, scott.grischow@sunoco.com Media:
Chris Cho, Director – Corporate Communications
(469) 646-1647, chris.cho@sunoco.com Original: Sunoco LP 2025 Schedule K-3s Now Available

Sunoco LP and SunocoCorp LLC Announce First Quarter 2026 Earnings Release and Call TimingApril 7, 2026 11:50 AM
Business Wire
Sunoco LP (NYSE: SUN) and SunocoCorp LLC (NYSE: SUNC) announced that they will release their first quarter 2026 financial and operating results before the market opens on Tuesday, May 5, 2026. Management will hold a conference call that same day at 9:00 a.m. Central Time (10:00 a.m. Eastern Time) to discuss results.




By Webcast:






The conference call will be broadcast live via an internet webcast, which can be accessed on Sunoco LP’s website at http://www.sunocolp.com. Please log in at least 10 minutes in advance to register and download any necessary software. A replay will be available shortly after the call.







About Sunoco


Sunoco LP is a leading energy infrastructure and fuel distribution master limited partnership operating across 32 countries and territories in North America, the Greater Caribbean, and Europe. The Partnership’s midstream operations include an extensive network of approximately 14,000 miles of pipeline and over 160 terminals. This critical infrastructure complements the Partnership’s fuel distribution operations, which distribute over 15 billion gallons annually to approximately 11,000 Sunoco and partner-branded retail locations, as well as independent dealers and commercial customers. SUN's general partner is owned by Energy Transfer LP (NYSE: ET).


SunocoCorp LLC is a publicly traded limited liability company that owns a direct limited partner interest in Sunoco LP.


SUN and SUNC are headquartered in Dallas, Texas. More information is available at www.sunocolp.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260407529139/en/
Sunoco Investors:

Scott Grischow, Treasurer, Senior Vice President – Finance

(214) 840-5660, scott.grischow@sunoco.com


Brian Brungardt, Director – Investor Relations

(214) 840-5437, brian.brungardt@sunoco.com


Sunoco Media:

Chris Cho, Director – Communications

(469) 646-1647, chris.cho@sunoco.com


Original: Sunoco LP and SunocoCorp LLC Announce First Quarter 2026 Earnings Release and Call Timing

Sunoco LP Announces Pricing of Upsized Private Offering of Senior NotesFebruary 26, 2026 6:40 PM
Business Wire
Sunoco LP (NYSE: SUN) (“Sunoco” or the “Partnership”) today announced that it has priced at 100% a private offering (the “offering”) of 5.375% senior notes due 2031 in an aggregate principal amount of $600 million (the “2031 notes”) and 5.625% senior notes due 2034 in an aggregate principal amount of $600 million (the “2034 notes,” and collectively with the 2031 notes, the “notes”). The offering was upsized from an initial offering size of $500 million aggregate principal amount of the 2031 notes and $500 million aggregate principal amount of the 2034 notes. The sale of the notes is expected to settle on March 9, 2026, subject to the satisfaction of customary closing conditions.


Sunoco intends to use the net proceeds from the offering to redeem in full (i) NuStar Logistics, L.P.’s 6.000% senior notes due 2026 (the “NuStar 2026 Notes”), and (ii) Sunoco’s 6.000% senior notes due 2027 (the “Sunoco 2027 Notes”), with the remaining proceeds to be used for general partnership purposes, which may include repayment of additional indebtedness. Prior to the redemption of the Sunoco 2027 Notes, Sunoco may use the net proceeds from this offering to repay outstanding borrowings under its revolving credit facility.


The offering of the notes has not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws and, unless so registered, the notes may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. Sunoco plans to offer and sell the notes only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act.


This news release is neither an offer to sell nor a solicitation of an offer to buy the notes or any other securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, the notes or any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction. Additionally, this news release shall not constitute a notice of redemption under the indentures governing the NuStar 2026 Notes or the Sunoco 2027 Notes.


About Sunoco LP


Sunoco LP (NYSE: SUN) is a leading energy infrastructure and fuel distribution master limited partnership operating across 32 countries and territories in North America, the Greater Caribbean, and Europe. Sunoco’s midstream operations include an extensive network of approximately 14,000 miles of pipeline and over 160 terminals. This critical infrastructure complements Sunoco’s fuel distribution operations, which distribute over 15 billion gallons annually to approximately 11,000 Sunoco and partner-branded retail locations, as well as independent dealers and commercial customers. Sunoco’s general partner is owned by Energy Transfer LP (NYSE: ET).


Forward-Looking Statements


This news release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal law, including without limitation statements regarding the offering. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. An extensive list of factors that can affect future results are discussed in Sunoco’s Annual Report on Form 10-K, any subsequently filed Current Reports on Form 8-K and other documents filed from time to time with the Securities and Exchange Commission. Sunoco undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260226692773/en/
Scott Grischow

Treasurer, Senior Vice President – Finance

(214) 840-5660, scott.grischow@sunoco.com


Brian Brungardt

Director – Investor Relations

(214) 840-5437, brian.brungardt@sunoco.com


Original: Sunoco LP Announces Pricing of Upsized Private Offering of Senior Notes

Sunoco LP Announces Cash Distribution on Series A Preferred UnitsFebruary 23, 2026 6:52 PM
Business Wire
Sunoco LP (NYSE: SUN) (“SUN” or the “Partnership”) today announced the semi-annual cash distribution of $39.375 per Series A Preferred Unit.


The cash distribution for the Series A unitholders will be paid on March 18, 2026 to Series A unitholders of record as of the close of business on March 2, 2026.


About Sunoco


Sunoco LP (NYSE: SUN) is a leading energy infrastructure and fuel distribution master limited partnership operating across 32 countries and territories in North America, the Greater Caribbean, and Europe. The Partnership’s midstream operations include an extensive network of approximately 14,000 miles of pipeline and over 160 terminals. This critical infrastructure complements the Partnership’s fuel distribution operations, which distribute over 15 billion gallons annually to approximately 11,000 Sunoco and partner-branded retail locations, as well as independent dealers and commercial customers. SUN's general partner is owned by Energy Transfer LP (NYSE: ET).


SUN is headquartered in Dallas, Texas. More information is available at www.sunocolp.com


Qualified Notice


This release serves as qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note that one hundred percent (100%) of Sunoco LP’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of Sunoco LP’s distributions to foreign investors are subject to federal tax withholding at the highest applicable effective tax rate. Nominees, and not Sunoco LP, are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors. For purposes of Treasury Regulation section 1.1446(f)-4(c)(2)(iii), brokers and nominees should treat one hundred percent (100%) of the distributions as being in excess of cumulative net income for purposes of determining the amount to withhold.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260223299721/en/
SUN Investors:

Scott Grischow, Treasurer, Senior Vice President – Finance

(214) 840-5660, scott.grischow@sunoco.com


Brian Brungardt, Director – Investor Relations

(214) 840-5437, brian.brungardt@sunoco.com


SUN Media:

Chris Cho, Senior Manager – Communications

(469) 646-1647, chris.cho@sunoco.com


Original: Sunoco LP Announces Cash Distribution on Series A Preferred Units

Sunoco LP and SunocoCorp LLC File 2025 Annual Reports on Form 10-KFebruary 19, 2026 4:33 PM
Business Wire
Sunoco LP (NYSE: SUN) (“SUN” or the “Partnership”) and SunocoCorp LLC (NYSE: SUNC) (“SUNC”) on February 19, 2026, filed operational and financial results for the fiscal year ended December 31, 2025, on Form 10-K with the U.S. Securities and Exchange Commission. The Annual Reports on Form 10-K are available in the Investor Relations section of the Partnership’s website at www.sunocolp.com under “SEC Filings & Financial Reports,” as well as on the SEC’s website at www.sec.gov.


SUN and SUNC unitholders may also request a printed copy of the report, which contains audited financial statements, free of charge by emailing IR@SunocoLP.com.


About Sunoco and SunocoCorp


Sunoco LP (NYSE: SUN) is a leading energy infrastructure and fuel distribution master limited partnership operating across 32 countries and territories in North America, the Greater Caribbean, and Europe. The Partnership’s midstream operations include an extensive network of approximately 14,000 miles of pipeline and over 160 terminals. This critical infrastructure complements the Partnership’s fuel distribution operations, which distribute over 15 billion gallons annually to approximately 11,000 Sunoco and partner-branded retail locations, as well as independent dealers and commercial customers. SUN's general partner is owned by Energy Transfer LP (NYSE: ET).


SunocoCorp (NYSE: SUNC) is a publicly traded limited liability company that owns a limited partner interest in Sunoco LP.


SUN and SUNC are headquartered in Dallas, Texas. More information is available at www.sunocolp.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20260219486814/en/
SUN Investors:

Scott Grischow, Treasurer, Senior Vice President – Finance

(214) 840-5660, scott.grischow@sunoco.com


Brian Brungardt, Director – Investor Relations

(214) 840-5437, brian.brungardt@sunoco.com


SUN Media:

Chris Cho, Senior Manager – Communications

(469) 646-1647, chris.cho@sunoco.com


Original: Sunoco LP and SunocoCorp LLC File 2025 Annual Reports on Form 10-K

Sunoco LP drops 5% after wide Q4 earnings miss despite revenue beatFebruary 17, 2026 11:08 AM
IH Market News
Sunoco LP (NYSE:SUN) on Tuesday reported fourth-quarter results that fell far short of Wall Street profit expectations, even as revenue topped forecasts.Shares of the energy infrastructure and fuel distribution group slid 5.06% in pre-market trading following the announcement.Sunoco posted net income of $97 million for the quarter, with adjusted earnings per share of $0.09 — well below the $1.52 per share analysts had projected.Revenue reached $8.6 billion, comfortably exceeding the $5.93 billion consensus estimate. Adjusted EBITDA totaled $646 million, or $706 million when excluding one-time transaction-related expenses.The quarterly figures reflect the impact of Sunoco’s acquisition of Parkland Corporation, which closed on October 31, 2025. During the quarter, the company sold approximately 3.3 billion gallons of fuel and reported a fuel margin of 17.7 cents per gallon.“We ended 2025 at our long-term leverage target of approximately 4 times,” Sunoco said in its earnings release, adding that it achieved its “eighth consecutive year of growth in Distributable Cash Flow per common unit.”Distributable Cash Flow, as adjusted, rose to $442 million from $261 million in the fourth quarter of 2024. The partnership raised its quarterly distribution by 1.25% to $0.9317 per common unit and continues to aim for annual distribution growth of at least 5% in 2026.In January 2026, Sunoco also finalized its acquisition of TanQuid, further broadening its asset base.Operationally, pipeline systems averaged throughput of roughly 1.4 million barrels per day during the quarter, while terminal operations handled about 715,000 barrels per day on average.Sunoco stock price

Original: Sunoco LP drops 5% after wide Q4 earnings miss despite revenue beat

Sunoco LP and SunocoCorp LLC Announce Quarterly DistributionsJanuary 27, 2026 9:24 PM
Business Wire

Sunoco LP increases quarterly distribution by 1.25% to $0.9317 per common unit; targets 2026 distribution growth rate of at least 5% with future increases to be announced quarterly



SunocoCorp LLC announces first quarterly distribution of $0.9317 per common unit



 


Sunoco LP (NYSE: SUN) (“SUN” or the “Partnership”) announced a quarterly distribution of $0.9317 per common unit, or $3.7268 on an annualized basis, for the quarter ended December 31, 2025. This represents an increase of approximately 1.25%, or $0.0115 per common unit, as compared to the quarter ended September 30, 2025.


This is the fifth consecutive quarterly increase in SUN’s distribution and is consistent with SUN’s capital allocation strategy which includes a multi-year distribution growth rate of at least 5%.


SunocoCorp LLC (NYSE: SUNC) (“SUNC”) announced a quarterly distribution of $0.9317 per common unit, or $3.7268 on an annualized basis.


The SUN and SUNC distributions will be paid on February 19, 2026 to holders of the respective securities of record on February 6, 2026.


About Sunoco LP and SunocoCorp LLC


Sunoco LP is a leading energy infrastructure and fuel distribution master limited partnership operating across 32 countries and territories in North America, the Greater Caribbean, and Europe. The Partnership’s midstream operations include an extensive network of approximately 14,000 miles of pipeline and over 160 terminals. This critical infrastructure complements the Partnership’s fuel distribution operations, which distribute over 15 billion gallons annually to approximately 11,000 Sunoco and partner-branded retail locations, as well as independent dealers and commercial customers. SUN's general partner is owned by Energy Transfer LP (NYSE: ET).


SunocoCorp LLC is a publicly traded limited liability company that owns a direct limited partner interest in Sunoco LP.


SUN and SUNC are headquartered in Dallas, Texas. More information is available at www.sunocolp.com


Forward Looking Statements


This news release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal law. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. An extensive list of factors that can affect future results, including future distribution levels, are discussed in the Partnership’s Annual Report on Form 10-K and other documents filed from time to time with the Securities and Exchange Commission. The Partnership undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.


Qualified Notice with respect to Distributions on SUN Common Units


This release serves as qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note that one hundred percent (100%) of Sunoco LP’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of Sunoco LP’s distributions to foreign investors are subject to federal tax withholding at the highest applicable effective tax rate. Nominees, and not Sunoco LP, are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors. For purposes of Treasury Regulation section 1.1446(f)-4(c)(2)(iii), brokers and nominees should treat one hundred percent (100%) of the distributions as being in excess of cumulative net income for purposes of determining the amount to withhold.


Tax Reporting with respect to Distributions on SUNC Common Units


SUNC is classified as a corporation for U.S. federal income tax purposes, and its distributions should be classified as a taxable dividend and/or a return of tax basis. SUNC will publish IRS Form 8937, Report of Organizational Actions Affecting Basis of Securities to clarify the expected portion of the quarterly distribution that will be taxable as a dividend versus return of tax basis. In the event that we are unable to timely determine the portion of our distribution that is a “dividend” for U.S. federal income tax purposes, or a unitholder’s broker or withholding agent chooses to withhold taxes from distribution in a manner inconsistent with our determination of the amount that constitutes a “dividend” for such purposes, a unitholder’s broker or other withholding agent may overwithhold taxes from distributions paid.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260127460371/en/
Sunoco Investors:

Scott Grischow, Treasurer, Senior Vice President – Finance

(214) 840-5660, scott.grischow@sunoco.com


Brian Brungardt, Director – Investor Relations

(214) 840-5437, brian.brungardt@sunoco.com


Sunoco Media:

Chris Cho, Senior Manager – Communications

(469) 646-1647, chris.cho@sunoco.com


Original: Sunoco LP and SunocoCorp LLC Announce Quarterly Distributions

Old faithful rises again!

Sunoco LP (NYSE:SUN) declares $0.8255/share quarterly dividend, in line with previous.

Forward yield 9.01%

Payable Aug. 19; for shareholders of record Aug. 6; ex-div Aug. 5.

Sunoco continues to be a solid investment with both capital appreciation and a high yielding dividend. Future is roseate.

The announcement in July should read something like this:

"quarterly distribution for the 2nd quarter of 2021 of $0.8255 per common unit or $3.3020 per common unit on an annualized basis"

If we are fortunate, SUN may increase the dividend, as they have gotten rid of old debt and replaced with newer debt at more favorable terms.

I am looking forward to the next quarterly earnings report and the nice dividend attached to it.

SUN is holding up very well. It is a first class company.

SUN is one of the best investments I have made this year. For me, the dividend yield at my purchase price is still 12 percent.

The capital appreciation (PPS increase) has been splendid!

DALLAS, April 22, 2021 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN") announced that the Board of Directors of its general partner declared a quarterly distribution for the first quarter of 2021 of $0.8255 per common unit or $3.3020 per common unit on an annualized basis. The distribution will be paid on May 19, 2021 to common unit holders of record on May 11, 2021. added 33.52 avg 27.82

I am looking for SUN to reach $27.50 to 28 by yearrs end.

Yes at .825 a share using the divs to by other stocks.

$SUN I will not sell

$SUN you are still making money?!

$SUN yes... collecting divs is what everybody is doing here! Text book financial gains!

$SUN Yeah!

$SUN The Board does not look afraid... giving dividends when the oil industry is a mess! I love SUN's Board of Directors

$SUN Article about oil companies
http://stockmarketrevolution.com/archives/14903

$SUN More cash from the acquisition...? Do you think? That looks good.

Time to buy $SUN

$SUN news,

$KYNC acquired a company working with $SUN behind the scenes in their finance dept.

https://finance.yahoo.com/news/kyn-capital-group-inc-announces-141500216.html

Hmmm how low will it go tomorrow.. maybe time to add if big drop but still hate to average up.. current pps is $22

“HOW DARE YOU!”

DALLAS, July 25, 2019 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN") announced that the Board of Directors of its general partner declared a quarterly distribution for the second quarter of 2019 of $0.8255 per common unit, which corresponds to $3.3020 per common unit on an annualized basis. The distribution will be paid on August 14, 2019 to common unitholders of record on August 6, 2019.

DALLAS, April 25, 2019 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN") announced that the Board of Directors of its general partner declared a quarterly distribution for the first quarter of 2019 of $0.8255 per common unit, which corresponds to $3.3020 per common unit on an annualized basis. The distribution will be paid on May 15, 2019 to common unitholders of record on May 7, 2019.

SUN Licensed GERS Oil Extraction Patents!$!$!$

Great job to Sunoco for being an early adopter! GERS hit a 52 week high today! News is spreading that the industry has reached a settlement with GERS. This would include companies like Valero (VLO), Bungee (BG), Rex American (REX) Archer Daniels (ADM) as well as others.

http://www.sunocoethanol.com/by-products/corn-oil

GERS (GreenShift) hit a 52 week high today!

http://www.sunocoethanol.com/ag-partners/processing-partners

Here's the system GERS installed in Sunoco's refinery...

https://www.flickr.com/photos/124975029@N02/sets/72157644957555563/

Good Luck To All!$!$

Very Nice earnings report! Should make for a nice day today..

Picked up 700 units today going collect the div and go for a ride here!

I'd say Goldman got it WRONG

... now GS does a 180 50% higher than their target.

Gotta love it. Goldman Sachs put a sell on sun with a 20 target the other day. Gotta love the yield here!!!

We broke 30s Now see if we hold it today..SUN

Nice..SUN

Sunoco upgraded at Barclays, which sees further gains after c-store sale

Sunoco (SUN +3.3%) extends yesterday's 20% surge following its $3.3B sale of 1,110 convenience stores to the Japanese operator of the 7-Eleven convenience store chain.

The deal is seen as the first step in SUN's strategic move away from company-operated convenience stores to its fuel supply business.

Barclays upgrades shares to Overweight from Equal Weight with a $35 price target, raised from $26, based on the c-store divestiture, which it says opens up visibility for SUN to reach 4.5x-4.75x leverage and 1.1x coverage.

The firm thinks the shares have more room to run and warrants further yield compression vs. 11.5% currently given that SUN is on the path to rehabilitation.

Featured Stock for Investors: Sunoco LP (SUN)

Several investment firms issued their expert ratings on Sunoco LP (SUN) in which FBR Capital Downgrades Sunoco LP (SUN) to Market Perform by settling a price target of $28 on 2/27/17. JP Morgan Downgrades the stock to Neutral on 2/15/17 with no specific Price Target. FBR Capital Upgrades the company’s stock to Outperform on 12/22/16 with no specific Price Target. Credit Suisse Upgrades Sunoco LP (SUN) to Outperform with no specific Price Target.

Sunoco LP (SUN) currently has a consensus Price Target of $28.33. While some analysts have a High Price target for the stock of $46 and a Low Price Target of $20.


https://hugopress.com/2017/04/07/featured-stock-for-investors-sunoco-lp-sun/

Almost the exact same for me.. Kind-of a roller coaster there for a while.

Well I bought at 25, it immediately retraced to the 22s I think, moved up to the 28s, retraced again to the 23s. So I sold on the news.

But so far it looks like 29s this morning.

But I wonder how much selling pressure at 30 there will be. I cant be the only one who was frustrated with this.

Chris

We may have a little shake-out, but I'm thinking we will se 30s here soon. Will be a nice 3.3 bill deal when complete, and with rights to fueling for next 15 yrs should give nice profit to SUN and maintain or even grow the dividend imo.

Nice call.

Chris

Heading back north may see $5 gain again here soon. SUN

Yeah no complaints -- other than with an 11% dividend, I wish it had been in the 30s before todays news.

Chris

Still a nice profit..SUN

Yeah I sold at the open for 28. It started to sell off and I needed to run some errands. Based on how much it moved every 5 minutes, it would have killed be to wait till 10:10 to sell at 29.

Chris

WOW UP $5 dollars and growing..SUN

I think it will continue to be pretty volatile until they get their debt under control. Currently paying a great dividend of around 13% but lots of doubt about whether they can continue to pay out that much. If they cut the dividend substantially then I fear there will be a pretty big sell off. SUN was at $37 just a year ago but also dropped to $21 just 3 months ago so it has been on a roller coaster the past year. We shall see what happens with the dividend soon I would think.