{"id":991880,"date":"2026-08-06T23:32:05","date_gmt":"2026-08-07T03:32:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/sunoco-lp-to-acquire-offen-petroleum\/"},"modified":"2026-08-06T23:32:05","modified_gmt":"2026-08-07T03:32:05","slug":"sunoco-lp-to-acquire-offen-petroleum","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sunoco-lp-to-acquire-offen-petroleum\/","title":{"rendered":"Sunoco LP to Acquire Offen Petroleum"},"content":{"rendered":"

<\/p>\n

Sunoco LP to Acquire Offen Petroleum<\/b><\/p>\n

DALLAS–(BUSINESS WIRE<\/a>)–
\nSunoco LP (NYSE: SUN) (\u201cSunoco\u201d or the \u201cPartnership\u201d) announced today that it has entered into a definitive agreement whereby Sunoco will acquire Offen Petroleum (\u201cOffen\u201d) in an all-cash transaction valued at approximately $600 million.<\/p>\n

\nOffen operates a fuel distribution network delivering approximately 2.5 billion gallons annually serving approximately 7,000 customers and over 800 retail stations across the Midwest, Mountain West, and Southwest regions of the United States.<\/p>\n

\nThe transaction will be immediately accretive and will increase cash flow for distribution growth and reinvestment. The expanded geographic footprint complements Sunoco\u2019s existing fuel distribution operations and creates additional opportunities for organic growth and bolt-on acquisitions.<\/p>\n

\nSubject to regulatory approval, the Partnership expects the transaction to close in the fourth quarter of 2026.<\/p>\n

About Sunoco<\/b><\/p>\n

\nSunoco LP is a leading energy infrastructure and fuel distribution master limited partnership operating across 33 countries and territories in North America, the Greater Caribbean and Europe. The Partnership\u2019s midstream operations include an extensive network of approximately 14,000 miles of pipeline and over 170 terminals. This critical infrastructure complements the Partnership\u2019s fuel distribution operations, which distribute over 15 billion gallons annually to approximately 11,000 Sunoco and partner-branded retail locations, as well as independent dealers and commercial customers. SUN’s general partner is owned by Energy Transfer LP (NYSE: ET).<\/p>\n

\nSunocoCorp LLC is a publicly traded limited liability company that owns a direct limited partner interest in Sunoco LP.<\/p>\n

\nSUN and SUNC are headquartered in Dallas, Texas. More information is available at www.sunocolp.com<\/a>.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260806623357\/en\/<\/a><\/span><\/p>\n

Investors:
\n<\/b>
Scott Grischow, Treasurer, Senior Vice President \u2013 Finance
\n
(214) 840-5660, scott.grischow@sunoco.com<\/a><\/p>\n

\nBrian Brungardt, Director \u2013 Investor Relations
\n
(214) 840-5437, brian.brungardt@sunoco.com<\/a><\/p>\n

Media:
\n<\/b>
Chris Cho, Director \u2013 Communications
\n
(469) 646-1647, chris.cho@sunoco.com<\/a><\/p>\n

KEYWORDS:<\/b> Texas United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Oil\/Gas Energy<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Sunoco LP to Acquire Offen Petroleum DALLAS–(BUSINESS WIRE)– Sunoco LP (NYSE: SUN) (\u201cSunoco\u201d or the \u201cPartnership\u201d) announced today that it has entered into a definitive agreement whereby Sunoco will acquire Offen Petroleum (\u201cOffen\u201d) in an all-cash transaction valued at approximately $600 million. Offen operates a fuel distribution network delivering approximately 2.5 billion gallons annually serving approximately 7,000 customers and over 800 retail stations across the Midwest, Mountain West, and Southwest regions of the United States. The transaction will be immediately accretive and will increase cash flow for distribution growth and reinvestment. The expanded geographic footprint complements Sunoco\u2019s existing fuel distribution operations and creates additional opportunities for organic growth and bolt-on acquisitions. Subject to regulatory approval, the Partnership expects the transaction … <\/p>\n

Continue reading “Sunoco LP to Acquire Offen Petroleum”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-991880","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSunoco LP to Acquire Offen Petroleum - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sunoco-lp-to-acquire-offen-petroleum\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sunoco LP to Acquire Offen Petroleum - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Sunoco LP to Acquire Offen Petroleum DALLAS–(BUSINESS WIRE)– Sunoco LP (NYSE: SUN) (\u201cSunoco\u201d or the \u201cPartnership\u201d) announced today that it has entered into a definitive agreement whereby Sunoco will acquire Offen Petroleum (\u201cOffen\u201d) in an all-cash transaction valued at approximately $600 million. Offen operates a fuel distribution network delivering approximately 2.5 billion gallons annually serving approximately 7,000 customers and over 800 retail stations across the Midwest, Mountain West, and Southwest regions of the United States. The transaction will be immediately accretive and will increase cash flow for distribution growth and reinvestment. The expanded geographic footprint complements Sunoco\u2019s existing fuel distribution operations and creates additional opportunities for organic growth and bolt-on acquisitions. 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