Sunoco LP to Acquire Remaining 50% of Energy Transfer LP for $1.1B

TL;DR

Sunoco buying out its partner in Energy Transfer for $1.1B, full control incoming.

AI Summary

Sunoco LP announced on January 27, 2025, that it has entered into a definitive agreement to acquire the remaining 50% interest in its joint venture, Energy Transfer LP, for approximately $1.1 billion. This transaction is expected to close in the first quarter of 2025, subject to customary closing conditions.

Why It Matters

This acquisition will consolidate full ownership of Energy Transfer LP under Sunoco LP, potentially simplifying operations and financial reporting, and may impact future distribution strategies.

Risk Assessment

Risk Level: medium — The acquisition involves a significant financial commitment of $1.1 billion, and its success depends on integrating the remaining 50% of Energy Transfer LP and achieving projected synergies.

Key Numbers

• $1.1B — Acquisition Price (Sunoco LP is acquiring the remaining 50% interest in Energy Transfer LP for this amount.)
• 50% — Acquired Stake (Sunoco LP is acquiring the remaining stake in its joint venture, Energy Transfer LP.)

Key Players & Entities

• Sunoco LP (company) — Registrant
• Energy Transfer LP (company) — Joint Venture to be acquired
• $1.1 billion (dollar_amount) — Acquisition price
• January 27, 2025 (date) — Announcement date
• first quarter of 2025 (date) — Expected closing period

FAQ

From the Filing

0001552275-25-000004.txt : 20250127 0001552275-25-000004.hdr.sgml : 20250127 20250127071854 ACCESSION NUMBER: 0001552275-25-000004 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20250127 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250127 DATE AS OF CHANGE: 20250127 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: 25555774 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-20250127.htm 8-K sun-20250127 False 0001552275 0001552275 2025-01-27 2025-01-27 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 January 27, 2025 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 7.01. Regulation FD Disclosure. On January 27, 2025, Sunoco LP (the “Partnership”) issued a press release announcing that the Board of Directors of its general partner, Sunoco GP LLC, (the “Board”) approved a cash distribution of $0.8865 per common unit ($3.5460 annualized) on Partnership common units for the quarter ended December 31, 2024. A copy of the press release is set forth in Exhibit 99.1 and is incorporated herein by reference. In accordance with General Instruction B.2 of Form 8-K, the information set forth in the attached Exhibit 99.1 is deemed to be “furnished” and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the &#8220