Energy pipelines and terminals operator
Sunoco Logistics Partners L.P.
) declared that its general partner Sunoco Partners LLC raised
its fourth quarter 2012 cash distribution to 54.5 cents per unit
($2.18 per unit annualized), representing an increase of
approximately 5% sequentially and 30% year over year.
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Sunoco Logistics' increased distribution is in sync with its goal
of delivering disciplined growth to unitholders. The partnership
boasts a consistent and improving financial policy with high
distribution coverage. Sunoco Logistics' new distribution is
payable on Feb 14, to unitholders of record as of Feb 8, 2013.
During the third quarter of 2012, the partnership increased its
quarterly distribution by 10%. Also, its distributable cash flow
increased 37.0% year over year to $149 million.
Philadelphia-based Sunoco Logistics is a master limited
partnership (MLP). It acquires, owns, and operates a
geographically diverse portfolio of refined product and crude oil
pipelines and terminal facilities. Sunoco Logistics is organized
into four segments -- Refined Products Pipeline System, Terminal
Facilities, Crude Oil Pipeline System and Crude Oil Acquisition
With its low-risk and stable cash flow-generating energy
infrastructure assets, Sunoco Logistics offers investors an
opportunity to capture income growth through steadily rising cash
distributions and capital appreciation.
The partnership continues to progress well on its growth
initiatives, as evident from the recent successful completions of
open seasons for the Permian Express Phase I, Allegheny Access
and Mariner East projects.
Sunoco Logistics currently carries a Zacks Rank #1 (Strong Buy).
Besides Sunoco Logistics,
Magellan Midstream Partners L.P.
) with Zacks Rank #2 (Buy),
Williams Partners L.P.
) with Zacks Rank #3 (Hold) as well as
MarkWest Energy Partners L.P.
) with Zacks Rank #5 (Strong Sell) also increased their capital
redeploying efforts recently through distribution increases.