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Sunoco Logistics Announces Forty-Fifth Successive Quarter over Quarter Distribution Increase and Earnings Conference Call Date

 July 25, 2016 - 4:49 PM EDT

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Sunoco Logistics Announces Forty-Fifth Successive Quarter over Quarter Distribution Increase and Earnings Conference Call Date

Sunoco Logistics Partners L.P. (NYSE: SXL) (the “Partnership”) today
announced that Sunoco Partners LLC, its general partner, has declared a
cash distribution for the second quarter 2016 of $0.50 per common unit
($2.00 annualized) to be paid on August 12, 2016 to unit holders of
record on August 8, 2016. This represents a 14 percent increase over the
second quarter 2015 cash distribution of $0.438 per common unit ($1.75
annualized). This is the forty-fifth successive quarter the Partnership
has increased its distribution.

The Partnership also announced that it will hold a conference call on
Thursday, August 4, 2016 at 8:00 a.m. ET (7:00 a.m. CT) to discuss its
financial results for the second quarter 2016. Earnings are expected to
be released after the market closes on Wednesday, August 3, 2016.

Those wishing to listen can access the call by dialing (USA toll free)
1-800-369-2171; International (USA toll) 1-517-308-9315 and request
“Sunoco Logistics Partners Earnings Call, Conference Code: Sunoco
Logistics”. This event may also be accessed by a webcast, which will be
available at www.sunocologistics.com.
A number of presentation slides will accompany the audio portion of the
call and will be available to be viewed and printed shortly before the
call begins. Individuals wishing to listen to the call on the
Partnership’s web site will need Windows Media Player, which can be
downloaded free of charge from Microsoft or from Sunoco Logistics
Partners’ conference call page. Please allow at least fifteen minutes to
complete the download.

Audio replays of the conference call will be available for two weeks
after the conference call beginning approximately one hour following the
completion of the call. To access the replay, dial 1-800-841-8609.
International callers should dial 1-402-280-9935.

ABOUT SUNOCO LOGISTICS

Sunoco Logistics Partners L.P. (NYSE: SXL), headquartered in Newtown
Square, Pennsylvania, is a publicly traded Delaware limited partnership
that owns and operates a logistics business, consisting of a
geographically diverse portfolio of complementary pipeline, terminalling
and acquisition and marketing assets which are used to facilitate the
purchase and sale of crude oil, NGLs and refined products. SXL’s general
partner is a consolidated subsidiary of Energy Transfer Partners, L.P.
(NYSE: ETP). For more information, visit the Sunoco Logistics Partners
L.P. web site at www.sunocologistics.com.

This release is intended to be a qualified notice under Treasury
Regulation Section 1.1446-4(b). Brokers and nominees should treat one
hundred percent (100%) of distributions by Sunoco Logistics Partners
L.P. to non-U.S. investors as being attributable to income that is
effectively connected with a United States trade or business.
Accordingly, distributions by Sunoco Logistics Partners L.P. to non-U.S.
investors are subject to federal income tax withholding at the highest
applicable effective tax rate.

Portions of this document constitute forward-looking statements as
defined by federal law. Although Sunoco Logistics Partners L.P. believes
that the assumptions underlying these statements are reasonable,
investors are cautioned that such forward-looking statements are
inherently uncertain and necessarily involve risks that may affect the
Partnership’s business prospects and performance causing actual results
to differ from those discussed in the foregoing release. Such risks and
uncertainties include, by way of example and not of limitation: whether
or not the transactions described in the foregoing news release will be
cash flow accretive; increased competition; changes in demand for crude
oil, NGLs and refined products that we store and distribute; changes in
operating conditions and costs; changes in the level of environmental
remediation spending; potential equipment malfunction; potential labor
issues; the legislative or regulatory environment; plant
construction/repair delays; nonperformance by major customers or
suppliers; and political and economic conditions, including the impact
of potential terrorist acts and international hostilities. These and
other applicable risks and uncertainties have been described more fully
in the Partnership’s Annual Report on Form 10-K filed with the
Securities and Exchange Commission on February 26, 2016, and in the
Partnership’s subsequent Form 8-K and 10-Q filings. The Partnership
undertakes no obligation to update any forward-looking statements in
this release, whether as a result of new information or future events.

Sunoco Logistics Partners L.P.
Peter Gvazdauskas (investors)
215-977-6322
or
Jeffrey Shields (media) 215-977-6056

Source: Business Wire
(July 25, 2016 - 4:49 PM EDT)

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