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Exhibit 99.1 SUNOCO LP . • . Sunoco LP Announces Third Quarter 2021 Financial and Operating Results News Release Reports strong third quarter results generating net income of $ 104 million , Adjusted EBITDA ( ¹ ) of $ 198 million and Distributable Cash Flow , as adjusted ( 1 ) of $ 146 million Reaffirms full - year 2021 Adjusted EBITDA ( ¹ ) ( 2 ) guidance of $ 725 to $ 765 million Completed the acquisition of eight refined product terminals from NuStar Energy L.P. and one refined product terminal from Cato , Incorporated DALLAS , November 3 , 2021 - Sunoco LP ( NYSE : SUN ) ( “ SUN ” or the “ Partnership " ) today reported financial and operating results for the three - month period ended September 30 , 2021 . Financial and Operational Highlights For the three months ended September 30 , 2021 , net income was $ 104 million versus net income of $ 100 million in the third quarter of 2020 . Adjusted EBITDA ( ¹ ) for the quarter was $ 198 million compared with $ 189 million in the third 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 $ 146 million , compared to $ 139 million a year ago . The Partnership sold approximately 2 billion gallons of fuel in the third quarter of 2021. Fuel volumes sold during the quarter represent a 6.4 % increase from the third quarter of 2020 and a 6.6 % decline from the third quarter of 2019. Fuel margin for all gallons sold was 11.3 cents per gallon for the quarter compared to 12.1 cents per gallon a year ago . Recent Accomplishments • Completed the acquisition of eight refined product terminals from NuStar Energy L.P. ( NYSE : NS ) for approximately $ 250 million and the acquisition of a single refined product terminal from Cato , Incorporated . The NuStar terminal acquisition closed on October 8 , 2021 and the Cato terminal acquisition closed on September 24 , 2021. The transactions were funded with cash on hand and amounts available under SUN's revolving credit facility . These accretive acquisitions significantly expand SUN's midstream business and enhance its platform for fuel distribution growth . Completed a private offering of $ 800 million 4.500 % Senior Notes due 2030 on October 12 , 2021. SUN used the proceeds from the offering to fund the redemption of its $ 800 million 5.500 % Senior Notes due 2026 . Distribution and Coverage On October 25 , 2021 , the Board of Directors of SUN's general partner declared a distribution for the third quarter of 2021 of $ 0.8255 per unit , or $ 3.3020 per unit on an annualized basis . The distribution will be paid on November 19 , 2021 to common unitholders of record on November 5 , 2021. SUN's current quarter cash coverage was 1.68 times and trailing twelve months coverage was 1.43 times . 1