Sunoco Logistics Partners LP (SXL)

TOP CONTRIBUTORS

Sheraz Mian

www.zacks.com

Philadelphia-based Sunoco Logistics Partners L.P., a master limited partnership (MLP), acquires, owns, and operates a geographically diverse portfolio of refined product and crude oil pipelines and terminal facilities. Its facilities are located in 12 states in the Northeast, the Midwest, and the Southwest of the country. Sunoco, Inc. (SUN) owns 43.4% of the partnership interest, including a 2% general partner interest, and accounts for approximately 31% of the partnership's total revenue.

Sunoco Logistics is organized into three segments the Eastern Pipeline System, Terminal Facilities, and the Western Pipeline System that generated 31.6%, 36.1% and 32.3% of its year-to-date operating income, respectively. The Eastern Pipeline System includes roughly 1,650 miles of refined product pipelines, approximately 140 miles of crude oil pipelines, and interests in four refined products pipelines, consisting of a 9.4% interest in Explorer Pipeline Company, a 31.5% interest in Wolverine Pipe Line Company, a 12.3% interest in West Shore Pipe Line Company, and a 14% interest in Yellowstone Pipe Line Company. The Terminal Facilities consist of 8.9 million barrels of refined product terminal capacity and 19.8 million barrels of crude oil terminal capacity (including 12.9 million barrels of capacity at the Texas Gulf Coast Nederland Terminal). The Western Pipeline System consists of approximately 3,700 miles of crude oil pipelines, located principally in Oklahoma and Texas, a 43.8% interest in the West Texas Gulf Pipe Line Company and a 55.3% interest in the Mid-Valley Pipeline Company. Through the Western Pipeline System, SXL gathers, purchases, sells, and transports crude oil, principally to Oklahoma and Texas.

References