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Exhibit 99.1 SUNOCO LP • Sunoco LP Announces Second Quarter 2021 Financial and Operating Results Reports strong second quarter results generating net income of $ 166 million , Adjusted EBITDA ( ¹ ) of $ 201 Cash Flow , as adjusted ( ¹ ) of $ 145 million Reaffirms full - year 2021 Adjusted EBITDA ( ¹ ) ( 2 ) guidance of $ 725 to $ 765 million News Release million and Distributable Executed definitive agreements to acquire eight refined product terminals from NuStar Energy L.P. and one refined product terminal from Cato , Incorporated DALLAS , August 3 , 2021 - Sunoco LP ( NYSE : SUN ) ( “ SUN ” or the “ Partnership " ) today reported financial and operating results for the three- month period ended June 30 , 2021 . Financial and Operational Highlights For the three months ended June 30 , 2021 , net income was $ 166 million versus a net loss of $ 157 million in the second quarter of 2020 . Adjusted EBITDA ( ¹ ) for the quarter was $ 201 million compared with $ 182 million in the second quarter of 2020. The increase in Adjusted EBITDA ( ¹ ) reflects higher reported fuel volume and non motor fuel gross profit partially offset by lower fuel margins and slightly higher operating expenses ( 3 ) . Distributable Cash Flow , as adjusted ( ¹ ) , for the quarter was $ 145 million , compared to $ 122 million a year ago . The Partnership sold 1.9 billion gallons of fuel in the second quarter of 2021. Fuel volumes sold during the quarter represent a 28 % increase from the second quarter of 2020 and a 6 % decline from the second quarter of 2019. Fuel margin for all gallons sold was 11.3 cents per gallon for the quarter compared to 13.5 cents per gallon a year ago . Distribution and Coverage On July 22 , 2021 , the Board of Directors of SUN's general partner declared a distribution for the second quarter of 2021 of $ 0.8255 per unit , or $ 3.3020 per unit on an annualized basis . The distribution will be paid on August 19 , 2021 to common unitholders of record on August 6 , 2021 . SUN's current quarter cash coverage was 1.67 times and trailing twelve months coverage was 1.41 times . Liquidity and Leverage At June 30 , 2021 , SUN had $ 361 million of borrowings against its revolving credit facility and other long - term debt of $ 2.7 billion . The Partnership maintained ample liquidity of approximately $ 1.1 billion at the end of the quarter under its $ 1.5 billion revolving credit facility that matures in July 2023. SUN's leverage ratio of net debt to Adjusted EBITDA ( ¹ ) , calculated in accordance with its credit facility , was 4.27 times at the end of the second quarter . Capital Spending SUN's total capital expenditures for the second quarter were $ 30 million , which included $ 23 million for growth capital and $ 7 million for maintenance capital . For the full - year 2021 , SUN continues to expect maintenance capital expenditures of approximately $ 45 million and growth capital expenditures of $ 150 million . 1