📰 What This Document Is

This document is a mandatory 8-K filing, which serves as a current event notice filed with the SEC. It was released on April 21, 2026. Essentially, this filing isn't a full financial report; it is a formal announcement detailing a major corporate action: an increase in the quarterly distributions paid out to shareholders. 👉 The core message is that the company is financially stable and confident enough in its future growth to raise the payouts to investors.

🏭 What Sunoco Does

In simple terms, Sunoco operates as a massive energy infrastructure company. Sunoco LP is a "master limited partnership" that handles everything from raw fuel transport to getting gasoline to the pump. It manages a vast network of pipelines and terminals, making it a critical player in the fuel supply chain.

• Scale & Reach: Sunoco operates across 32 countries and territories, spanning North America, the Greater Caribbean, and Europe.
• Infrastructure: The company runs an extensive midstream network, including approximately 14,000 miles of pipelines and over 160 terminals.
• Distribution Volume: It distributes over 15 billion gallons of fuel annually.
• Customer Base: This fuel reaches roughly 11,000 branded retail locations (including Sunoco- and partner-branded stations), as well as independent dealers and commercial customers.
• Ownership: The general partner of Sunoco LP is Energy Transfer LP (NYSE: ET).

💰 Record Distribution Increases

The primary focus of this filing is the announcement of an increased quarterly distribution for both Sunoco LP and SunocoCorp LLC. Distributions are essentially the cash payouts the company sends to its owners (shareholders) from its profits.

• Q1 2026 Payout: Shareholders are set to receive a quarterly distribution of $0.9899 per common unit (or $3.9596 on an annualized basis) for the quarter ended March 31, 2026.
• Quarterly Increase: This represents an increase of approximately 6.25%, or $0.0582 per common unit, compared to the payout from the quarter ended December 31, 2025.
• Why This Matters: An increasing distribution signals to the market that management believes the company’s cash flow is strong, stable, and growing, providing confidence to investors.

📈 Historical Growth Trend

Sunoco isn't just raising the payout once; this increase is part of a strong, multi-year growth pattern. This stability gives investors a predictable view of future cash returns.

• Consecutive Increases: This distribution increase marks the sixth consecutive quarterly rise in the company’s payout.
• Annualized Comparison: The Q1 2026 annualized distribution represents an increase of approximately 10% over the first quarter of 2025 annualized distribution.
• Supporting Growth: This trend is supported by previous distribution increases: 2% in 2023, 4% in 2024, and 5% in 2025.
• Strategic Commitment: The company's stated capital allocation strategy includes maintaining a multi-year distribution growth rate of at least 5%.

🤝 Corporate Structure and Entities

Sunoco operates under two related, publicly listed entities: Sunoco LP and SunocoCorp LLC. It is important to understand how they relate to each other, as both distributions are being announced simultaneously.

• Sunoco LP: This is the core energy infrastructure master limited partnership.
• SunocoCorp LLC: This is a separate publicly traded limited liability company. Its role is to own a direct limited partner interest in Sunoco LP.
• Headquarters: Both Sunoco LP and SunocoCorp LLC are headquartered in Dallas, Texas.

🗓️ Key Dates and Payment Schedule

For investors, knowing when money arrives is crucial. This section confirms the critical dates for the payout.

• Record Date: The date for owners to be officially recorded as eligible to receive the payout is May 8, 2026.
• Payment Date: The distributions will be paid out on May 20, 2026, to the holders of record of the respective securities.

📞 Investor and Media Contacts

If a reader has questions about the financials or the company’s day-to-day operations, the filing provides dedicated contacts. These individuals and departments serve as the official resource for information.

• For Investors: Scott Grischow (Treasurer, Senior Vice President – Finance) can be reached at (214) 840-5660 or [email protected]. Brian Brungardt (Director – Investor Relations) can be reached at (214) 840-5437 or [email protected].
• For Media: Chris Cho (Director – Corporate Communications) can be reached at (469) 646-1647 or [email protected].

🧠 The Analogy

Think of Sunoco's payout growth like a steady savings account that automatically receives annual interest increases. Every year, the company increases the "interest" (the distribution). This doesn't just signal that the company is making money now; it tells the market that its business structure is so reliable that it can guarantee continued, compounding growth in the cash flow coming to the owners over many years.

🧩 Final Takeaway

Sunoco is signaling strong financial health and cash flow stability by initiating its sixth consecutive quarterly distribution increase. Investors should note the commitment to a multi-year distribution growth rate of at least 5%, which provides a reliable long-term cash return signal.