US Market News
3週前
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
US Market News
4週前
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
US Market News
2月前
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
US Market News
3月前
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
US Market News
4月前
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
US Market News
4月前
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
iHub News
4月前
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
US Market News
4月前
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
leftovers
7年前
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.
leftovers
7年前
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.
eFinanceMarkets
9年前
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.
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