Sunoco LP
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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13. Equity
- Equity
As of September 30, 2024, Energy Transfer and its subsidiaries owned 28,463,967 of our common units and the public owned 107,537,622 of our common units. As of September 30, 2024, our wholly owned subsidiaries owned all of the 16,410,780 Class C units representing limited partner interests in the Partnership.
Common Units
The change in our outstanding common units for the nine months ended September 30, 2024 was as follows:
| Number of Units | |
|---|---|
| Number of common units at December 31, 2023 | 84,408,014 |
| Phantom unit vesting | 50,475 |
| NuStar acquisition | 51,543,100 |
| Number of common units at September 30, 2024 | 136,001,589 |
Cash Distributions
Our partnership agreement sets forth the calculation used to determine the amount and priority of cash distributions that the common unitholders receive.
Cash distributions paid or declared during 2024 were as follows:
| Limited Partners | |||
|---|---|---|---|
| Payment Date | Per Unit Distribution | Total Cash Distribution | Distribution to IDR Holders |
| February 20, 2024 | $0.8420 | $71 | $19 |
| May 20, 2024 | 0.8756 | 119 | 36 |
| August 19, 2024 | 0.8756 | 119 | 36 |
| November 19, 2024 | 0.8756 | 119 | 36 |
Accumulated Other Comprehensive Income
The following table presents the components of AOCI, net of tax:
| September 30,2024 | December 31,2023 | |
|---|---|---|
| Foreign currency translation adjustment | $1 | $— |
| Actuarial gains related to pensions and other postretirement benefits | — | — |
| Total accumulated other comprehensive income included in partners’ capital, net of tax | $1 | $— |
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