Latest news with #ScottGrischow
Yahoo
13-05-2025
- Business
- Yahoo
Sunoco LP and NuStar Energy L.P. 2024 Schedule K-3s Now Available
DALLAS, May 13, 2025 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN" or the "Partnership") today announced that its 2024 Schedule K-3 reflecting items of international tax relevance is available online. In addition, SUN announced that the 2024 Schedule K-3 for NuStar Energy Partners, L.P., who merged with SUN on May 3, 2024, is also available online. Unitholders requiring this information may access their Schedule K-3 at in the investor relations section of the website. A limited number of unitholders (primarily foreign unitholders, unitholders computing a foreign tax credit on their tax return and certain corporate and/or partnership unitholders) may need the detailed information disclosed on Schedule K-3 for their specific reporting requirements. To the extent Schedule K-3 is applicable to your federal income tax return filing needs, we encourage you to review the information contained on this form and refer to the appropriate federal laws and guidance or consult with your tax advisor. SUN Common Unitholders To receive an electronic copy of your 2024 Schedule K-3 via email, SUN unitholders owning SUN Common Units in 2024 may also call Tax Package Support toll free at 844-289-8131. NuStar Common Unitholders To receive an electronic copy of Schedule K-3 via email, NuStar Energy L.P. unitholders may call Tax Package Support toll free at (844) 364-7560 for Series A, Series B and Series C preferred units and (800) 310-6595 for common units weekdays between 8 a.m. and 5 p.m. CT. For more information, visit the Sunoco LP website About Sunoco LP Sunoco LP (NYSE: SUN) is a leading energy infrastructure and fuel distribution master limited partnership operating in over 40 U.S. states, Puerto Rico, Europe, and Mexico. The Partnership's midstream operations include an extensive network of approximately 14,000 miles of pipeline and over 100 terminals. This critical infrastructure complements the Partnership's fuel distribution operations, which serve approximately 7,400 Sunoco and partner branded locations and additional independent dealers and commercial customers. SUN's general partner is owned by Energy Transfer LP (NYSE: ET). Contacts Investors:Scott Grischow, Treasurer, Senior Vice President – Finance(214) 840-5660, Media:Chris Cho, Senior Manager – Communications(469) 646-1647, View original content to download multimedia: SOURCE Sunoco LP Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
Sunoco LP and NuStar Energy L.P. 2024 Schedule K-3s Now Available
DALLAS, May 13, 2025 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN" or the "Partnership") today announced that its 2024 Schedule K-3 reflecting items of international tax relevance is available online. In addition, SUN announced that the 2024 Schedule K-3 for NuStar Energy Partners, L.P., who merged with SUN on May 3, 2024, is also available online. Unitholders requiring this information may access their Schedule K-3 at in the investor relations section of the website. A limited number of unitholders (primarily foreign unitholders, unitholders computing a foreign tax credit on their tax return and certain corporate and/or partnership unitholders) may need the detailed information disclosed on Schedule K-3 for their specific reporting requirements. To the extent Schedule K-3 is applicable to your federal income tax return filing needs, we encourage you to review the information contained on this form and refer to the appropriate federal laws and guidance or consult with your tax advisor. SUN Common Unitholders To receive an electronic copy of your 2024 Schedule K-3 via email, SUN unitholders owning SUN Common Units in 2024 may also call Tax Package Support toll free at 844-289-8131. NuStar Common Unitholders To receive an electronic copy of Schedule K-3 via email, NuStar Energy L.P. unitholders may call Tax Package Support toll free at (844) 364-7560 for Series A, Series B and Series C preferred units and (800) 310-6595 for common units weekdays between 8 a.m. and 5 p.m. CT. For more information, visit the Sunoco LP website About Sunoco LP Sunoco LP (NYSE: SUN) is a leading energy infrastructure and fuel distribution master limited partnership operating in over 40 U.S. states, Puerto Rico, Europe, and Mexico. The Partnership's midstream operations include an extensive network of approximately 14,000 miles of pipeline and over 100 terminals. This critical infrastructure complements the Partnership's fuel distribution operations, which serve approximately 7,400 Sunoco and partner branded locations and additional independent dealers and commercial customers. SUN's general partner is owned by Energy Transfer LP (NYSE: ET). Contacts Investors:Scott Grischow, Treasurer, Senior Vice President – Finance(214) 840-5660, Media:Chris Cho, Senior Manager – Communications(469) 646-1647, View original content to download multimedia: SOURCE Sunoco LP
Yahoo
07-05-2025
- Business
- Yahoo
3 questions about Parkland's sale to Sunoco
This story was originally published on C-Store Dive. To receive daily news and insights, subscribe to our free daily C-Store Dive newsletter. Parkland Corp. dropped a bombshell on the c-store industry Monday morning when it announced plans to sell its business to fuel company Sunoco for over $9 billion. The sale, which the boards of directors from both companies unanimously approved, came just a day before Parkland's annual shareholder meeting, during which Parkland was expected to battle for its future against disgruntled shareholder Simpson Oil. That meeting has now been cancelled, replaced with a June 24 shareholder gathering to approve or reject the deal. The combined company, which is expected to add a headquarters in Canada, will have an enterprise value of about $25.5 billion, Scott Grischow, Sunoco's treasurer and senior vice president of finance, said during an investor call on Monday. If approved, the combined company will also be the largest independent fuel distributor in the Americas, according to Monday's announcements. But several concerns remain over Parkland's future, including how its thousands of convenience stores in North America will fare after the sale — or if they'll even survive. 'It certainly raises questions about the independence of Parkland, because Sunoco is a massive company,' Canadian retail analyst Bruce Winder said. 'Maybe not yet, but in three to five years, they might say, 'We don't need Parkland anymore.'' Will shareholders push the deal through? Both Parkland and Sunoco are confident the deal is attractive for shareholders. Not only is the $9.1 billion deal a 25% premium on Parkland's valuation, but it's expected to create more financial stability and flexibility for the Canadian retailer, Parkland President and CEO Bob Espey and Sunoco President and CEO Joseph Kim said during Monday's call. But none of that excitement matters if Parkland's shareholders don't approve the deal next month. Some, like Simpson and Engine Capital, have been unhappy with the retailer's leadership for years, and Monday's attempt to revive the business has left some even angrier. Parkland Simpson called for the immediate resignation of Parkland's directors after the deal was announced Monday morning. The firm claimed last week that it had "overwhelming support' for its plan to take over Parkland's board on May 6, and that by inking the Sunoco deal and cancelling the meeting, Parkland breached its fiduciary duties. 'This eleventh-hour maneuver represents a new turn in the Board's deplorable track record of governance and should come as no surprise to shareholders,' Simpson said in a statement on Monday. 'Delaying the Meeting serves no purpose other than to avoid accountability to shareholders and further entrench the Board.'
