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However, Sunoco's acquisition of NuStar showcased how its controlled MLP can also make highly accretive deals that flow down to Energy Transfer. The company will get a $500 million earnings boost ...
He noted that the oil and gas giant Sunoco also offered to buy the MLP NuStar for a 10% to 15% premium this week, which is a sign that other MLPs could be acquisition targets.
NuStar Energy L.P. is a subsidiary of Sunoco LP, and formerly was a publicly traded master limited partnership. The company is one of the largest independent liquids terminal and pipeline operators in the nation.
A Sunoco fuel station in Peachtree, North Carolina. Sunoco LP / s ə ˈ n oʊ k oʊ / is an American master limited partnership organized under Delaware state law and headquartered in Dallas, Texas. Dating back to 1886, the company has transformed from a vertically integrated energy company to a distributor of fuels and operator of energy ...
Advised Truist Securities as the financial advisor to Sunoco in connection with Sunoco’s $7.3 billion acquisition of NuStar Energy. Secured and finalized a Texas Supreme Court win for Apache in a dispute involving purchase and sales agreements and mineral leases in 2023. [14]
NuStar Energy. 28.58%. Martin Midstream Partners. ... Sunoco Logistics Partners is an MLP that many Fools have gotten to know better over the past ... in order to uncover whether it's a buy or a sell.
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Energy Transfer owns controlling interests in Sunoco LP.It also owns 100% of Sunoco Logistics Partners Operations L.P., 46% non-economic general partner interest in USA Compression Partners L.P., and 100% of Lake Charles LNG which consists of an LNG import terminal and regasification facility near Lake Charles, Louisiana.