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Sunoco Logistics Partners LP (SXL)

SXL on New York Consolidated

23.39USD
9 Dec 2016
Change (% chg)

$-0.19 (-0.81%)
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Latest Key Developments (Source: Significant Developments)

Energy Transfer Partners and Sunoco committed to ensure Dakota Access Pipeline completion
Sunday, 4 Dec 2016 11:05pm EST 

Energy Transfer Partners Lp : Energy transfer partners and sunoco logistics partners respond to the statement from the department of the army . The administration's statement that it would not issue an "easement" to dakota access pipeline is a political action . Fully expect to complete construction of pipeline without any additional rerouting in and around lake oahe .Co and Sunoco logistics partners are fully committed to ensuring that the project is brought to completion.  Full Article

Sunoco Logistics says upon termination of deal,ETP may be required to pay SXL termination fee of $630 mln
Monday, 21 Nov 2016 05:21pm EST 

Energy Transfer Partners Lp : Sunoco logistics partners-upon termination of deal under certain circumstances,etp may be required to reimburse sxl's expenses up to $30 million-sec filing .Sunoco logistics partners-upon termination of deal under certain circumstances,etp may be required to pay sxl termination fee of $630 million less any previous reimbursements by etp.  Full Article

Sunoco Logistics to acquire Energy Transfer Partners
Monday, 21 Nov 2016 09:20am EST 

Sunoco Logistics Partners Lp : Sunoco Logistics Partners Lp - ETP unitholders will receive 1.5 common units of SXL for each common unit of etp they own . Sunoco Logistics Partners Lp- transaction was approved by boards of directors . Sunoco Logistics Partners Lp says transaction is expected to be immediately accretive to SXL's distributable cash flow per common unit . Sunoco Logistics Partners - SXL, ETP expect that deal will allow for commercial synergies and costs savings in excess of $200 million annually by 2019 . Sunoco Logistics Partners Lp - existing incentive distribution rights provisions in SXL partnership agreement will continue to be in effect . Sunoco Logistics Partners - Chief executive officer and chief financial officer of combined partnership will be kelcy warren and tom long, respectively . Sunoco Logistics Partners Lp - Energy Transfer Equity, L.p. Will own incentive distribution rights of SXL following closing of transaction . Sunoco Logistics Partners Lp - Mike Hennigan and other members of SXL management team will continue in leading management roles of combined company . Sunoco Logistics Partners- ETE agreed to continue to provide all incentive distribution right subsidies currently in effect .Sunoco Logistics to acquire energy transfer partners.  Full Article

Sunoco says finalizing pipeline repairs after Pennsylvania gasoline spill
Tuesday, 25 Oct 2016 12:41pm EDT 

Sunoco Logistics Partners Lp : Sunoco says finalizing repair plans for its section of pipeline in Gamble Township, Pennsylvania after gasoline spill . Sunoco says based on a review, a 500-foot section of pipe will be replaced using horizontal directional drilling, which will allow the new pipeline to be placed about 25-feet under the stream bed . Sunoco says pipeline that released gasoline into Loyalsock Creek in Lycoming County appears to have been damaged by bridge that washed out and traveled 100 yards down the creek . "A preliminary estimate of 1,300 barrels of gasoline was released from the pipeline, which carries refined petroleum products from the Reading, Pa., area to markets in Williamsport and New York State, including Buffalo and Rochester," the company said in a statement. . Water monitoring of Loyalsock Creek and the West Branch of the Susquehanna River is continuing Tuesday under supervision of the U.S. Environmental Protection Agency and the Pennsylvania Department of Environmental Protection, and results continue to show safe drinking water levels in the Susquehanna River, it added. . Related: A Sunoco Logistics Partners LP pipeline spilled about 1,300 barrels of gasoline into the Susquehanna River after a leak was found in Lycoming County, Pennsylvania, on Friday, according to local media. [nL1N1CR1O6].  Full Article

Sunoco Logistics Partners says offering of 21 mln units
Monday, 26 Sep 2016 04:02pm EDT 

Sunoco Logistics Partners Lp : Sunoco Logistics Partners L.P. Announces public offering of common units . Sunoco Logistics Partners L.P. Announces public offering of common units . Says offering 21.0 million common units .Intends to use net proceeds to fund a portion of purchase price for deal with Vitol.  Full Article

Sunoco Logistics buys Vitol's crude platform in Permian basin
Monday, 26 Sep 2016 04:01pm EDT 

Sunoco Logistics Partners Lp : Sunoco logistics announces strategic acquisition of Vitol's crude platform in the growing permian basin . Deal for approximately $760 million . Acquisition is expected to close in q4 2016 . Deal includes purchase of a 50 percent interest in Sunvit Pipeline Llc . Reduction in incentive distributions general partner receives from partnership over a two-year period .Partnership's general partner to reduce incentive distributions general partner receives from partnership by $60 million.  Full Article

Enbridge - Enbridge Energy Partners L.P and Marathon Petroleum form new JV
Thursday, 1 Sep 2016 10:42am EDT 

Enbridge : Enbridge Energy Partners, L.P. and co announced today that EEP and Marathon Petroleum Corporation have formed a new joint venture . JV entered into an agreement to acquire a 49 percent equity interest in holding company that owns 75 percent of the Bakken pipeline system . Bakken pipeline system purchased from an affiliate of Energy Transfer Partners, L.P. and Sunoco Logistics Partners L.P. . EEP, Marathon Petroleum would indirectly hold 75 percent and 25 percent, respectively, of JV's 49 percent interest in holding co of Bakken pipeline . Purchase price of EEP’s effective 27.6 percent interest in the system is US$1.5 billion . Purchased system consists of the Dakota Access Pipeline (“DAPL”) and the Energy Transfer Crude Oil Pipeline (“ETCO”) projects Source - http://bit.ly/2c3LdT7 ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Energy Transfer Equity Qtrly earnings per limited partner unit $0.23
Wednesday, 3 Aug 2016 06:22pm EDT 

Energy Transfer Equity LP : Energy Transfer Equity reports second quarter results . Energy Transfer Equity LP says qtrly earnings per limited partner unit $0.23 . Qtrly revenues $ 9.34 billion versus $11.59 billion . Q2 earnings per share view $0.29 -- Thomson Reuters I/B/E/S . Q2 earnings per share view $0.29, revenue view $8.09 billion -- Thomson Reuters I/B/E/S . ETE agreed to reduction in incentive distributions from ETP of $720 million over a period of seven quarters, beginning with quarter ended June 30 . Quarterly incentive distribution reduction for quarter ended June 30, 2016 was $75 million .Incentive distribution reductions to increase each subsequent quarter, reaching $130 million for quarter ending December 31, 2017.  Full Article

Sunoco Logistics Qtrly net income per limited partner unit $0.34
Wednesday, 3 Aug 2016 06:14pm EDT 

Sunoco Logistics Partners LP : Sunoco Logistics announces results for second quarter 2016 . Qtrly net income per limited partner unit $0.34 . Qtrly sales and other operating revenue $2.27 billion versus $3.2 billion .Q2 earnings per share view $0.12, revenue view $2.08 billion -- Thomson Reuters I/B/E/S.  Full Article

Energy Transfer, Sunoco Logistics sell minority stake in Bakken Pipeline
Tuesday, 2 Aug 2016 07:30pm EDT 

Energy Transfer Partners Lp : Energy Transfer and Sunoco Logistics announce sale of minority stake in Bakken Pipeline Project to Enbridge and Marathon Petroleum . Signed an agreement to sell 36.75 pct of Bakken Pipeline Project to an entity jointly owned by Enbridge and Marathon Petroleum . Says ETP and SXL plan to use proceeds from sale of equity interest in project to MarEn to pay down debt . ETP and SXL will receive $1.2 billion and $800 million in cash at closing, respectively .Says deal for $2 billion in cash.  Full Article

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Delta Air to sell gasoline and diesel as losses at its refinery climb

NEW YORK Delta Air Lines Inc is preparing to market gasoline from a refinery it owns outside Philadelphia, signaling a shift in strategy toward managing the plant as a commercial refiner rather than a dedicated jet fuel supplier.