Brief: Energy Transfer and Sunoco Announce Strategic Permian Basin Crude Oil Joint Venture

Sunoco LP (Texas)

16/07/2024 14:34

July 16 (Reuters) - Energy Transfer LP  ET.N :
    * ENERGY TRANSFER AND SUNOCO ANNOUNCE STRATEGIC PERMIAN
BASIN
CRUDE OIL JOINT VENTURE
    * SUNOCO LP: ENERGY TRANSFER WILL HOLD A 67.5% INTEREST IN
JOINT
VENTURE WITH SUNOCO HOLDING A 32.5% INTEREST
    * SUNOCO LP - JV EXPECTED TO BE IMMEDIATELY ACCRETIVE TO
DISTRIBUTABLE CASH FLOW PER LP UNIT FOR BOTH ENERGY TRANSFER AND
SUNOCO.

Source text for Eikon:  ID:nPn5gckNda 
Further company coverage:  ET.N 

 ((Reuters.Briefs@thomsonreuters.com;))