- Sunoco LP (SUN, Financial) announces a 1.25% increase in its quarterly distribution to $0.8976 per unit for Q1 2025.
- This marks the second consecutive quarterly distribution increase, aligning with their 2025 target growth rate of at least 5%.
- Since 2022, Sunoco LP has raised distributions by approximately 9%.
Sunoco LP (SUN) has declared an increase in its quarterly distribution by 1.25%, bringing it to $0.8976 per common unit, or an annualized $3.5904, for the first quarter of 2025. This is the second consecutive quarter of increased distributions and is in line with the company's commitment to its capital allocation strategy and its 2025 business outlook targeting a growth rate of at least 5% annually.
The distribution is scheduled to be paid on May 20, 2025, to common unitholders recorded as of May 9, 2025. Sunoco LP has demonstrated a strong track record of enhancing unitholder returns, with a cumulative distribution increase of about 9% since 2022.
Sunoco LP is a key player in the energy infrastructure and fuel distribution sector, operating over 14,000 miles of pipeline and more than 100 terminals across the United States, Puerto Rico, Europe, and Mexico. SUN's general partner is owned by Energy Transfer LP (ET).
