Sunoco LP Maintains Quarterly Distribution

DALLAS, Feb. 1, 2017 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN") announced that the Board of Directors of its general partner declared a quarterly distribution for the fourth quarter of 2016 of $0.8255 per common unit, which corresponds to $3.3020 per common unit on an annualized basis. The fourth quarter distribution is unchanged from the third quarter 2016 distribution and reflects a 3.0 percent increase compared to the distribution for the fourth quarter of 2015. The distribution will be paid on February 21, 2017 to common unitholders of record on February 13, 2017.

SUN will release its fourth quarter 2016 financial and operating results after the market closes on Wednesday, February 22. In conjunction with the news release, management will hold a conference call on Thursday, February 23, at 9:00 a.m. Central Time (10:00 a.m. Eastern Time) to discuss SUN's results.

About Sunoco LP

Sunoco LP (NYSE: SUN) is a master limited partnership that operates approximately 1,345 convenience stores and retail fuel sites and distributes motor fuel to approximately 7,325 convenience stores, independent dealers, commercial customers and distributors located in 30 states. Our parent -- Energy Transfer Equity, L.P. (NYSE: ETE) -- owns SUN's general partner and incentive distribution rights.

Qualified Notice

This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat 100 percent of SUN's distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, SUN's distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.

Contacts
Scott Grischow
Senior Director – Investor Relations and Treasury
(214) 840-5660, scott.grischow@sunoco.com

Patrick Graham
Senior Analyst – Investor Relations and Finance
(214) 840-5678, patrick.graham@sunoco.com

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SOURCE Sunoco LP