8-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report: February 25, 2016
(Date of earliest event reported): February 24, 2016
SUNOCO LOGISTICS PARTNERS L.P.
(Exact name of registrant as specified in its charter)
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Delaware | | 1-31219 | | 23-3096839 |
(State or other jurisdiction of incorporation) | | (Commission file number) | | (I.R.S. Employer Identification No.) |
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3807 West Chester Pike, Newtown Square, PA | | 19073 |
(Address of principal executive offices) | | (Zip Code) |
(866) 248-4344
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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Item 2.02. | Results of Operations and Financial Condition. |
On February 24, 2016, Sunoco Logistics Partners L.P. (the "Partnership") issued a press release announcing its financial results for the fourth quarter 2015. A copy of the press release is attached to this Current Report as Exhibit 99.1 and is incorporated herein by reference.
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Item 7.01. | Regulation FD Disclosure. |
On February 25, 2016, the Partnership, in connection with its fourth quarter 2015 conference call to discuss financial results, announced that its total expansion capital program, excluding acquisitions, for 2016 is expected to significantly decrease from the $2.5 billion level previously communicated during its conference call to discuss financial results for the third quarter 2015. The Partnership is currently considering various alternatives to reduce the overall level of expansion capital spending for 2016 and expects to provide a revision to its original estimate when available.
During this conference call, the Partnership also announced that distribution growth rate associated with its common units is expected to be in the range of ten percent to fifteen percent in 2016.
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Item 9.01. | Financial Statements and Exhibits. |
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Exhibit No. | | Exhibit | |
99.1 | | Press release dated February 24, 2016. |
Forward-Looking Statements
Statements contained in the exhibit to this report that state the Partnership's or its management's expectations or predictions of the future are forward-looking statements. The Partnership's actual results could differ materially from those projected in such forward-looking statements. Factors that could affect those results include those mentioned in the documents that the Partnership has filed with the Securities and Exchange Commission.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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SUNOCO LOGISTICS PARTNERS L.P. |
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By: | Sunoco Partners LLC, its General Partner |
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| By: | /s/ PETER J. GVAZDAUSKAS |
| | Peter J. Gvazdauskas Chief Financial Officer and Treasurer |
February 25, 2016
Newtown Square, PA
EXHIBIT INDEX
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Exhibit No. | | Exhibit | |
99.1 | | Press release dated February 24, 2016. |