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SUNOCO LP

Energy Transfer LP (NYSE: ET) owns 100% of the membership interests in Sunoco LP's (NYSE: SUN) general partner, 34.5% of SUN's total outstanding common units and all of SUN's incentive distribution rights.

ETP purchased Sunoco, Inc. in 2012 and acquired Stripes LLC and Sunoco LP in 2014 through the acquisition of Susser Holdings Corporation. In March 2016, ETP contributed to SUN its remaining 68.42% interest in Sunoco, LLC and 100% interest in the legacy Sunoco, Inc. retail business for $2.23 billion. SUN paid $2.20 billion in cash, including a working capital adjustment, and issued 5.7 million SUN common units to Retail Holdings, a wholly-owned subsidiary of the Partnership. The transaction was effective January 1, 2016.

In February 2018, SUN repurchased approximately 17.3 million SUN common units owned by ETP for approximately $540 million.

Subsequent to the merger of ETE and ETP in October 2018, Energy Transfer LP's investment in SUN consists of 28.5 million common units, representing 34.5% of SUN's total outstanding common units. ET's consolidated financial statements reflect SUN as a consolidated subsidiary.

Sunoco LP (NYSE: SUN) is a master limited partnership that distributes motor fuel to approximately 9,200 convenience stores, independent dealers, commercial customers and distributors located in more than 30 states. SUN's general partner is owned by Energy Transfer Equity, L.P. (NYSE: ET).