In addition to the great news that Sunoco Logistics Partners is building not one but two pipelines as part of the Mariner East 2 project (see today’s companion story, Sunoco LP Building 2 Pipelines for Mariner East 2 Project), we don’t want to overlook the other good work being done by Sunoco. The big news about two ME2 pipelines came as part of a Sunoco LP’s fourth quarter and full year 2016 update. The company reports making a $705 million profit in 2016, nearly doubling from the $393 million they made in 2015. Life is good in the midstream. They also report establishing a $1 billion line of credit in December, to help with cash flow during this year’s construction of ME2 and other projects. Below is the 4Q16 & full year 2016 update, along with the latest PowerPoint slide deck…
In addition to the great news that Sunoco Logistics Partners is building not one but two pipelines as part of the Mariner East 2 project (see today’s companion story, Sunoco LP Building 2 Pipelines for Mariner East 2 Project), we don’t want to overlook the other good work being done by Sunoco. The big news about two ME2 pipelines came as part of a Sunoco LP’s fourth quarter and full year 2016 update. The company reports making a $705 million profit in 2016, nearly doubling from the $393 million they made in 2015. Life is good in the midstream. They also report establishing a $1 billion line of credit in December, to help with cash flow during this year’s construction of ME2 and other projects. Below is the 4Q16 & full year 2016 update, along with the latest PowerPoint slide deck…