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Sunoco Logistics Partners Lp

Sunoco Logistics Partners LP, which had the ticker symbol SXL, was a master limited partnership (MLP) that focused on the transportation, terminalling, and storage of crude oil and refined products in the United States. The company was acquired by Energy Transfer Partners (ETP) in 2017, and as a result, the SXL ticker symbol is no longer in use.

Before the acquisition, Sunoco Logistics Partners LP was known for its strong financial performance and consistent growth. The company's earnings were primarily driven by its fee-based business model, which provided stable and predictable cash flows. Sunoco Logistics Partners LP's earnings growth was primarily driven by its strategic expansion efforts, which included investments in new pipeline projects and terminal facilities.

In 2016, the last full year before the acquisition, Sunoco Logistics Partners LP reported net income of $745 million, up from $605 million in 2015. The company's distributable cash flow (DCF), a key metric for MLPs, increased from $1.1 billion in 2015 to $1.3 billion in 2016. This strong financial performance was driven by the company's growth initiatives, which included the expansion of its Permian Basin crude oil pipeline system and the development of new terminals and storage facilities.

Overall, Sunoco Logistics Partners LP was a well-run MLP with a strong track record of financial performance and growth. Its acquisition by Energy Transfer Partners in 2017 was seen as a strategic move to create a larger, more diversified energy infrastructure company with a stronger financial profile.