Sunoco LP Completes Asset Acquisition

TL;DR

Sunoco LP just bought some assets, deal closed July 14th.

AI Summary

On July 14, 2024, Sunoco LP entered into a material definitive agreement related to the acquisition of certain assets. The filing also confirms the completion of this acquisition and includes a Regulation FD disclosure. Financial statements and exhibits pertaining to these events are also provided.

Why It Matters

This filing indicates Sunoco LP has successfully acquired new assets, which could impact its market position and future revenue streams.

Risk Assessment

Risk Level: medium — Acquisitions inherently carry risks related to integration, financing, and market reception.

Key Players & Entities

• Sunoco LP (company) — Registrant
• July 14, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of incorporation
• 8111 Westchester Drive, Suite 400 Dallas, Texas 75225 (address) — Principal executive offices

FAQ

From the Filing

0001552275-24-000039.txt : 20240718 0001552275-24-000039.hdr.sgml : 20240718 20240718071637 ACCESSION NUMBER: 0001552275-24-000039 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 17 CONFORMED PERIOD OF REPORT: 20240714 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Completion of Acquisition or Disposition of Assets ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240718 DATE AS OF CHANGE: 20240718 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Sunoco LP CENTRAL INDEX KEY: 0001552275 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 300740483 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35653 FILM NUMBER: 241123695 BUSINESS ADDRESS: STREET 1: 8111 WESTCHESTER DR., SUITE 400 CITY: DALLAS STATE: TX ZIP: 75225 BUSINESS PHONE: (832) 234-3600 MAIL ADDRESS: STREET 1: 8111 WESTCHESTER DR., SUITE 400 CITY: DALLAS STATE: TX ZIP: 75225 FORMER COMPANY: FORMER CONFORMED NAME: Susser Petroleum Partners LP DATE OF NAME CHANGE: 20120614 8-K 1 sun-20240714.htm 8-K sun-20240714 False 0001552275 0001552275 2024-07-14 2024-07-14 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Act of 1934 July 14, 2024 Date of Report (Date of earliest event reported) SUNOCO LP (Exact name of registrant as specified in its charter) Delaware 001-35653 30-0740483 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 8111 Westchester Drive, Suite 400 Dallas , Texas 75225 (Address of principal executive offices, including zip code) ( 214 ) 981-0700 (Registrant’s telephone number, including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐      Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Units Representing Limited Partner Interests SUN New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o Item 1.01. Entry into a Material Definitive Agreement. The information set forth in Item 2.01 is incorporated into this Item 1.01 by reference. Item 2.01. Completion of Acquisition or Disposition of Assets. On July 16, 2024, Sunoco LP ("Sunoco" or the "Partnership") and Energy Transfer LP ("Energy Transfer") announced the formation of a joint venture combining their respective crude oil and produced water gathering assets in the Permian Basin. Energy Transfer owns 100% of the limited liability interests in Sunoco’s general partner, Sunoco GP LLC, 28,463,967 of Sunoco’s common units and all of Sunoco’s incentive distribution rights. Pursua