Headquartered in Dallas, TX, Sunoco LP is a master limited partnership (MLP). The partnership’s prime business comprises the distribution of motor fuel to roughly 10,000 customers that include independent dealers, commercial customers, convenience stores as well as distributors. The customers are based in more than 30 states. SunocoGP LLC, a general partner of the partnership, is owned by Energy Transfer Operating LP — an affiliate of Energy Transfer LP.

In general, after buying motor fuel from refiners, Sunoco sells the fuel to customers, which determines the partnership’s profit. Moreover, ...

Headquartered in Dallas, TX, Sunoco LP is a master limited partnership (MLP). The partnership’s prime business comprises the distribution of motor fuel to roughly 10,000 customers that include independent dealers, commercial customers, convenience stores as well as distributors. The customers are based in more than 30 states. SunocoGP LLC, a general partner of the partnership, is owned by Energy Transfer Operating LP — an affiliate of Energy Transfer LP.

In general, after buying motor fuel from refiners, Sunoco sells the fuel to customers, which determines the partnership’s profit. Moreover, the partnership leases real estate that is used by motor retailers to distribute motor fuel, which generates rental income. Notably, a total of 75 retails stores are being operated by Sunoco in New Jersey and Hawaii.

Through 2024, the partnership sold a total of 8.6 billion gallons of motor fuel. Sunoco divides operations into Fuel Distribution, Pipeline Systems and Terminals.

Fuel Distribution: This segment provided 92% of the partnership’s total revenue in 2024. It is responsible for purchasing motor fuel from several independent refiners and major oil companies, which it supplies to the clients. The customers of this unit include dealer stations, distributors as well as other commercial consumers of motor fuel. It also sends fuels to different partnership operated stations and commission agent locations.

Pipeline Systems: This segment provided 2.4% of the partnership’s total revenue in 2024. Through the unit, the partnership is involved in the transportation and storage of refined products, crude oil, and ammonia through an extensive pipeline and terminal network. 

Terminals: This segment provided 5.6% of the partnership’s total revenue in 2024. This segment is involved in the storage, processing, and distribution of refined products through a network of 56 terminals and four transmix processing facilities. Sunoco LP’s transmix processing plants recover usable gasoline and diesel from mixed refined products. The company’s refined product terminals, located across the continental U.S., Hawaii, and Europe, provide fuel storage and distribution services for both Sunoco’s retail network and third-party customers.