Sunoco LP Form 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by Sunoco LP on February 1, 2017. The report discloses a corporate action approved by the board of directors of Sunoco GP LLC, the general partner of Sunoco LP, regarding cash distributions for the quarter ended December 31, 2016.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only specific financial figure disclosed is the quarterly cash distribution amount.
- Quarterly Cash Distribution: $0.8255 per common unit
- Annualized Distribution Rate: $3.3020 per common unit
Material Changes
The filing announces the approval of a specific quarterly distribution. The text does not provide comparative data against prior periods to determine material changes in distribution amounts or financial performance.
Guidance, Outlook, and Management Commentary
The filing contains no forward-looking guidance, management commentary on future operations, or discussion of risks and contingencies beyond the standard disclosure of the distribution event. The press release referenced in Exhibit 99.1 is deemed "furnished" and not "filed" for purposes of Section 18 of the Exchange Act.
Important Facts for Investors to Verify
- Payment Date: The cash distribution is scheduled to be paid on February 21, 2017.
- Record Date: Unitholders must be of record as of the close of business on February 13, 2017, to receive the distribution.
- Source of Funds: Investors should verify the Partnership's liquidity and cash flow position in other filings (e.g., 10-Q or 10-K) to confirm the ability to sustain this distribution level.