Together with our President and CEO, Kenny Feng, I attended the second day of analyst days for the Energy Transfer family of companies. Sunoco LP (SUN) presented for an hour, then a break, then Energy Transfer Partners (ETP) for two hours, then lunch, then a presentation on Lake Charles LNG, and finally, Energy Transfer Equity (ETE). While informative, it sounds like Emily and Karyl had better food.
SUN is part of the Transfer family’s Retail Marketing Segment. Just to make sure we’re all on the same page, remember that SUN is the company formerly known as Susser Petroleum Partners (SUSP), whose GP was acquired by ETP in 2014. Not to be confused with Sunoco Inc, the Philadelphia-based refining and marketing company that ETP bought back in 2012 and traded on the NYSE under the SUN ticker for 87 years. Also not to be confused with Sunoco Logistics Partners (SXL), the much larger petroleum transportation and storage partnership that became part of the Transfer family in the same 2012 transaction. Maybe this org chart will help: