, /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN" or the "Partnership") announced that it will release its third quarter 2025 financial and operating results before the market opens on Wednesday, November 5, 2025. Management will hold a conference call that same day at 9:00 a.m. Central Time (10:00 a.m. Eastern Time) to discuss SUN's results. Brian Brungardt Director – Investor Relations (214) 840-5437 [email protected] SOURCE Sunoco LP WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & I ...

Core Viewpoint - Sunoco LP has announced a private offering of 1.5 million Series A Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Units, raising gross proceeds of $1.5 billion to fund the acquisition of Parkland Corporation and related costs [1][2]. Group 1: Offering Details - The offering price for the Series A Preferred Units is set at $1,000 per unit, with the offering size increased from an initial 1 million units to 1.5 million units [1]. - The offering is expected to settle on September 18, 2025, pending customary closing conditions [1]. - The Series A Preferred Units will have a distribution rate of 7.875% per annum, paid semi-annually starting March 18, 2026 [4]. Group 2: Use of Proceeds - Net proceeds from the offering will be used to fund a portion of the cash consideration for the acquisition of Parkland Corporation, alongside previously announced senior notes offerings totaling $1.9 billion [2]. - Prior to the acquisition's effective date, proceeds will also be used to reduce outstanding borrowings under Sunoco's revolving credit facility [2]. Group 3: Redemption and Terms - If the Parkland Acquisition is not completed by May 5, 2026, the Series A Preferred Units will be subject to a special mandatory redemption at $1,000 per unit plus any accumulated distributions [3]. - After the First Reset Date, distributions will be based on the Five-Year U.S. Treasury Rate plus a spread of 4.230% per annum [4]. Group 4: Company Overview - Sunoco LP operates as an energy infrastructure and fuel distribution master limited partnership across over 40 U.S. states, Puerto Rico, Europe, and Mexico, with a network of approximately 14,000 miles of pipeline and over 100 terminals [9].

Group 1 - Sunoco LP announced a private offering of 1,000,000 Series A Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Units [1] - The net proceeds from this offering will be used to fund a portion of the cash consideration for the acquisition of Parkland Corporation and related transaction costs, as well as to temporarily reduce borrowings under Sunoco's revolving credit facility [2] - The offering is not contingent on the completion of the Parkland Acquisition or the concurrent Notes Offering [2] Group 2 - If the Parkland Acquisition is not completed by May 5, 2026, the Series A Preferred Units will be subject to a special mandatory redemption at a price of $1,000 per unit plus accumulated and unpaid distributions [3] - The Series A Preferred Units have not been registered under the Securities Act and will be offered only to qualified institutional buyers and non-U.S. persons [4] - Sunoco LP operates in over 40 U.S. states and internationally, with a network of approximately 14,000 miles of pipeline and over 100 terminals for midstream operations [6]

Company Overview - Sunoco LP (NYSE: SUN) is a leading energy infrastructure and fuel distribution master limited partnership operating in over 40 U.S. states, Puerto Rico, Europe, and Mexico [4] - The Partnership's midstream operations include an extensive network of approximately 14,000 miles of pipeline and over 100 terminals [4] - Sunoco serves approximately 7,400 Sunoco and partner branded locations, as well as additional independent dealers and commercial customers [4] - The general partner of Sunoco LP is owned by Energy Transfer LP (NYSE: ET) [4] Upcoming Financial Results - Sunoco LP will release its second quarter 2025 financial and operating results before the market opens on Wednesday, August 6, 2025 [1] - Management will hold a conference call on the same day at 9:00 a.m. Central Daylight Time (10:00 a.m. Eastern Daylight Time) to discuss the results [1]

Group 1 - Sunoco LP has made its 2024 Schedule K-3 available online, which includes items of international tax relevance for unitholders [1] - The 2024 Schedule K-3 for NuStar Energy Partners, L.P., which merged with Sunoco on May 3, 2024, is also accessible online [1] - Unitholders needing this information can find it in the investor relations section of the Sunoco website [1] Group 2 - A limited number of unitholders, particularly foreign unitholders and those computing a foreign tax credit, may require the detailed information on Schedule K-3 for their tax reporting [2] - Unitholders can receive an electronic copy of their 2024 Schedule K-3 via email by contacting Tax Package Support [3] - NuStar Energy L.P. unitholders can also obtain an electronic copy of Schedule K-3 by calling designated support numbers [4] Group 3 - Sunoco LP operates as a leading energy infrastructure and fuel distribution master limited partnership across over 40 U.S. states, Puerto Rico, Europe, and Mexico [5] - The partnership's midstream operations include approximately 14,000 miles of pipeline and over 100 terminals, supporting its fuel distribution operations [5] - Sunoco serves around 7,400 branded locations and additional independent dealers and commercial customers [5]

Group 1 - Sunoco LP will release its first quarter 2025 financial and operating results on May 6, 2025, before market opens [1] - A conference call to discuss the results will be held on the same day at 9:00 a.m. Central Daylight Time [1] - Sunoco LP operates in over 40 U.S. states, Puerto Rico, Europe, and Mexico, with a significant midstream infrastructure [2] Group 2 - The Partnership has approximately 14,000 miles of pipeline and over 100 terminals, supporting its fuel distribution operations [2] - Sunoco serves around 7,400 branded locations and additional independent dealers and commercial customers [2] - The general partner of Sunoco LP is owned by Energy Transfer LP [2]