Sunoco LP Form 8-K Summary
Business Context and Reporting Period
Sunoco LP, a Delaware limited partnership, filed this Current Report on Form 8-K on July 25, 2019. The filing primarily addresses a corporate action approved by the board of directors of its general partner, Sunoco GP LLC, regarding cash distributions for the quarter ended June 30, 2019.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only specific financial data disclosed relates to the quarterly cash distribution:
- Quarterly Distribution: $0.8255 per common unit.
- Annualized Distribution: $3.3020 per common unit.
- Record Date: August 6, 2019.
- Payment Date: August 14, 2019.
Material Changes
This filing announces a specific increase or maintenance of the cash distribution rate for the second quarter of 2019. The filing text does not provide comparative data against prior periods to quantify material changes in the distribution amount or other financial metrics.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, or discussion of 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 August 6, 2019, to ensure eligibility for the $0.8255 per unit distribution.
- Confirm the payment date of August 14, 2019, for cash receipt timing.
- Review the full text of the press release (Exhibit 99.1) for any additional context on the distribution decision not included in the 8-K summary.
- Consult the company's most recent 10-Q or 10-K for comprehensive financial performance data, as this 8-K does not contain revenue or earnings figures.