Sunoco LP to Acquire Full Control of Energy Transfer LP for $1B

TL;DR

Sunoco buying out Energy Transfer for $1B, full control incoming.

AI Summary

Sunoco LP announced on March 20, 2025, that it has entered into a definitive agreement to acquire the remaining 50% interest in its joint venture, Energy Transfer LP, for $1.0 billion. This transaction is expected to close in the second quarter of 2025, subject to customary closing conditions.

Why It Matters

This acquisition signifies Sunoco LP's move to consolidate operations and potentially streamline its business structure, which could impact its future growth and profitability.

Risk Assessment

Risk Level: medium — The acquisition involves a significant financial commitment of $1.0 billion, and its success depends on integrating the remaining 50% of Energy Transfer LP and achieving projected synergies.

Key Numbers

• $1.0B — Acquisition Cost (Sunoco LP is acquiring the remaining 50% of Energy Transfer LP for this amount.)

Key Players & Entities

• Sunoco LP (company) — Registrant
• Energy Transfer LP (company) — Joint Venture Partner
• $1.0 billion (dollar_amount) — Acquisition Price
• March 20, 2025 (date) — Announcement Date
• second quarter of 2025 (date) — Expected Closing Period

FAQ

From the Filing

0001193125-25-058347.txt : 20250320 0001193125-25-058347.hdr.sgml : 20250320 20250320080619 ACCESSION NUMBER: 0001193125-25-058347 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20250320 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250320 DATE AS OF CHANGE: 20250320 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: 25754557 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 d905257d8k.htm 8-K 8-K false 0001552275 0001552275 2025-03-20 2025-03-20 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 March 20, 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 , TX 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. ☐ Item 2.02 Results of Operations and Financial Condition. This Current Report on Form 8-K provides a pro forma statement of operations of Sunoco LP (the “Partnership”) for the twelve months ended December 31, 2024, as described in Item 8.01 below and which is incorporated into this Item 2.02 by reference, giving effect to the Partnership’s acquisition of NuStar Energy L.P., consummated on May 3, 2024 (the “NuStar Acquisition”), as well as the sale of certain assets of the Partnership in West Texas, New Mexico and Oklahoma, as if each had been consummated on January&