Sunoco LP Form 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by Sunoco LP on October 29, 2018, reporting events that occurred on October 26, 2018. The filing primarily addresses a cash distribution announcement made by the board of directors of Sunoco GP LLC, the general partner of the Partnership.
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.
- Quarterly Cash Distribution: $0.8255 per common unit
- Annualized Distribution: $3.3020 per common unit
- Payment Date: November 14, 2018
- Record Date: November 6, 2018
Material Changes
The filing does not disclose material changes to revenue, operating results, or balance sheet items compared to prior periods. The primary event is the approval of the distribution for the quarter ended September 30, 2018.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, or discussion of specific risks and contingencies beyond the standard disclosure that the press release is "furnished" and not "filed" under Section 18 of the Exchange Act.
Investor Verification Checklist
- Verify the record date of November 6, 2018, to ensure eligibility for the distribution.
- Confirm the payment date of November 14, 2018, for cash flow planning.
- Review the attached Exhibit 99.1 (News Release) for any additional context regarding the distribution decision.
- Note that this filing does not contain audited financial results; refer to the most recent 10-Q or 10-K for full financial performance data.