Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 2.54 0.14%
NASDAQ 4,095.52 9.29 0.23%
Ticker Volume Price Price Delta
STOXX 50 3,155.81 16.55 0.53%
FTSE 100 6,625.25 41.08 0.62%
DAX 9,409.71 91.89 0.99%
Ticker Volume Price Price Delta
NIKKEI 14,516.27 98.74 0.68%
TOPIX 1,173.37 6.78 0.58%
HANG SENG 22,760.24 64.23 0.28%

Sunoco Logistics Announces Third Consecutive 5 Percent Quarter over Quarter Distribution Increase and Earnings Conference Call



  Sunoco Logistics Announces Third Consecutive 5 Percent Quarter over Quarter
  Distribution Increase and Earnings Conference Call Date

  The Partnership announces 33^rd successive quarterly distribution increase
                                   overall

Business Wire

PHILADELPHIA -- July 25, 2013

Sunoco Logistics Partners L.P. (NYSE: SXL) (the “Partnership”) today announced
that Sunoco Partners LLC, its general partner, has declared a cash
distribution for the second quarter 2013 of $0.60 per common unit ($2.40
annualized) to be paid on August 14, 2013 to unit holders of record on August
8, 2013. This represents a 5 percent increase over the first quarter 2013 cash
distribution of $0.5725 per common unit ($2.29 annualized) and a 28 percent
increase over the second quarter 2012 cash distribution of $0.47 per common
unit ($1.88 annualized). This represents the thirty-third successive quarter
that the Partnership has increased its distribution.

“We are pleased to announce our third consecutive 5 percent quarter over
quarter increase in our distribution,” said Michael J. Hennigan, president and
chief executive officer. “We continue to execute our strategy for growth. We
are committed to growing stable, ratable cash flow for the Partnership and
distributing that cash to our owners.”

The Partnership also announced that it will hold a conference call on
Thursday, August 8, 2013 at 8:30 a.m. ET (7:30 a.m. CT) to discuss its
financial results for the second quarter 2013. Earnings are expected to be
released after the market closes on Wednesday, August 7, 2013.

Those wishing to listen can access the call by dialing (USA toll free)
1-800-369-2171; International (USA toll) 1-517-308-9315 and request “Sunoco
Logistics Partners Earnings Call, Conference Code: Sunoco Logistics”. This
event may also be accessed by a webcast, which will be available at
www.sunocologistics.com. A number of presentation slides will accompany the
audio portion of the call and will be available to be viewed and printed
shortly before the call begins. Individuals wishing to listen to the call on
the Partnership’s web site will need Windows Media Player, which can be
downloaded free of charge from Microsoft or from Sunoco Logistics Partners’
conference call page. Please allow at least fifteen minutes to complete the
download.

Audio replays of the conference call will be available for two weeks after the
conference call beginning approximately two hours following the completion of
the call. To access the replay, dial 1-800-406-7489. International callers
should dial 1-203-369-3273.

ABOUT SUNOCO LOGISTICS

Sunoco Logistics Partners L.P. (NYSE: SXL), headquartered in Philadelphia, is
a master limited partnership that owns and operates a logistics business
consisting of a geographically diverse portfolio of complementary crude oil
and refined product pipeline, terminalling, and acquisition and marketing
assets. SXL’s general partner is a consolidated subsidiary of Energy Transfer
Partners, L.P. (NYSE: ETP). For more information, visit the Sunoco Logistics
Partners L.P. web site at www.sunocologistics.com.

This release is intended to be a qualified notice under Treasury Regulation
Section 1.1446-4(b). Brokers and nominees should treat one hundred percent
(100%) of distributions by Sunoco Logistics Partners L.P. to non-U.S.
investors as being attributable to income that is effectively connected with a
United States trade or business. Accordingly, distributions by Sunoco
Logistics Partners L.P. to non-U.S. investors are subject to federal income
tax withholding at the highest applicable effective tax rate.

Portions of this document constitute forward-looking statements as defined by
federal law. Although Sunoco Logistics Partners L.P. believes that the
assumptions underlying these statements are reasonable, investors are
cautioned that such forward-looking statements are inherently uncertain and
necessarily involve risks that may affect the Partnership’s business prospects
and performance causing actual results to differ from those discussed in the
foregoing release. Such risks and uncertainties include, by way of example and
not of limitation: whether or not the transactions described in the foregoing
news release will be cash flow accretive; increased competition; changes in
demand for crude oil and refined products that we store and distribute;
changes in operating conditions and costs; changes in the level of
environmental remediation spending; potential equipment malfunction; potential
labor issues; the legislative or regulatory environment; plant
construction/repair delays; nonperformance by major customers or suppliers;
and political and economic conditions, including the impact of potential
terrorist acts and international hostilities. These and other applicable risks
and uncertainties have been described more fully in the Partnership’s Annual
Report on Form 10-K filed with the Securities and Exchange Commission on March
1, 2013, and in the Partnership’s subsequent Form 8-K and 10-Q filings. The
Partnership undertakes no obligation to update any forward-looking statements
in this release, whether as a result of new information or future events.

Contact:

Sunoco Logistics Partners L.P.
Peter Gvazdauskas (investors), 215-977-6322
or
Joseph McGinn (media), 215-977-3237
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement