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News Breaks
January 24, 2013
16:09 EDTSXLSunoco Logistics raises distribution 5%
Sunoco Logistics announced that Sunoco Partners, its general partner, has declared a cash distribution for the fourth quarter 2012 of 54.50c per common unit, $2.18 annualized, to be paid on February 14 to unit holders of record on February 8. This represents a 5% increase over Q3 cash distribution of 51.75c per common unit, $2.07 annualized, and a 30% increase over 4Q11 cash distribution of 42c per common unit.
News For SXL From The Last 14 Days
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October 1, 2015
05:23 EDTSXLPhillips 66, Energy Transfer, Sunoco Logistics begin open season for BBP
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September 28, 2015
07:07 EDTSXLEnergy Transfer Equity sees Williams deal immediately accretive to cash flow
At closing, the transaction will be immediately accretive to distributable cash flow and distributions per unit for ETE and is expected to be credit positive to ETE's credit ratings; ETE's distribution growth rate is expected to remain at its current level; As a result of diligence, the size of both the expected cost savings and the anticipated commercial synergies exceeds ETE's previous expectations and will help ensure that the duration of ETE's distribution growth rate will be longer as a result of the transaction. There is no expected impact to WPZ's credit ratings as a result of the ETE/Williams combination; WPZ unitholders will have greater distributable cash flow from material cost savings and synergies of up to $400 million per annum with WPZ joining the Energy Transfer shared service model; the combination will create new commercial opportunities for WPZ, including the potential to acquire assets from the overall Energy Transfer group, that will improve WPZ's business outlook, cash flow growth and overall financial profile; WPZ unitholders will benefit from having a general partner, ETE, that, based on the unique intrinsic financial and strategic optionality in the Energy Transfer family, will be in a position to help WPZ fully realize its long-term growth potential; and WPZ will receive a $428 million break-up fee for the termination of its merger agreement with WMB payable to all outstanding limited partnership units of WPZ including WMB's approximate 60 percent ownership.
07:05 EDTSXLWilliams Partners, Williams withdraw financial guidance
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07:04 EDTSXLEnergy Transfer Equity to combine with Williams in $37.7B transaction
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September 22, 2015
17:27 EDTSXLSunoco Logistics enters into Exchange Agreement with Energy Transfer Partners
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