Sunoco LP

Sunoco LP is a master limited partnership that operates or franchises retail fuel sites and c-stores, most under the APlus banner. In addition, the company distributes motor fuel to convenience stores, independent dealers, commercial customers and distributors. Its parent company is Energy Transfer Partners LP, which owns Sunoco's general partner and incentive distribution rights.

In January 2024, 7-Eleven Inc. entered into an agreement to acquire 204 stores from Sunoco LP, which includes Stripes convenience stores and Laredo Taco Company restaurants, for approximately $1 billion.

The name Sunoco LP was launched at the end of 2014 after the company acquired Susser Petroleum Partners and its Stripes stores. 7-Eleven Inc. completed its acquisition of 1,030 Sunoco and Stripes c-stores in January 2018. The deal also included the trademarks and intellectual property of the Laredo Taco Co. to 7-Eleven. The 7-Eleven-Sunoco deal marked a shift in Sunoco's attention and resources toward wholesale fuel distribution.

Sunoco's 75 company-owned retail stores include 54 Aloha Island Mart c-stores in Hawaii through its ownership of Aloha Petroleum and 21 Aplus c-stores on the New Jersey Turnpike.

For benchmarking purposes, store counts are as of Jan. 1, 2024.