Susser Petroleum Partners LP Declares Quarterly Distribution on Common Units

HOUSTON and CORPUS CHRISTI, Texas, Feb. 8, 2013 /PRNewswire/ -- Susser Petroleum Partners LP SUSP announced today that the board of directors of its general partner has approved a fourth quarter 2012 distribution of $0.4375 per unit, its minimum quarterly cash distribution.  The distribution will be paid March 1 to unitholders of record on February 19.

Earnings Conference Call

Susser Holdings Corporation SUSS and Susser Petroleum Partners LP will release their fourth quarter and full year 2012 financial and operating results before the market opens on Wednesday, February 27. In conjunction with these news releases, management will hold a combined conference call the same day at 10 a.m. Eastern Time (9 a.m. Central Time) to discuss both companies' results.  The call will be broadcast live over the Internet.  Investors may participate either by phone or audio webcast.

Susser Holdings Corporation is a third-generation family led business based in Corpus Christi, Texas that operates approximately 560 convenience stores in Texas, New Mexico and Oklahoma under the Stripes® banner. Restaurant service is available in over 350 of its stores, primarily under the proprietary Laredo Taco Company® brand. Susser Holdings also is majority owner and owns the general partner of Susser Petroleum Partners LP, which distributes over 1.4 billion gallons of motor fuel annually to Stripes® stores, independently operated consignment locations, convenience stores and retail fuel outlets operated by independent operators and other commercial customers in Texas, New Mexico, Oklahoma and Louisiana.

Qualified Notice

This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat 100 percent of Susser Petroleum Partners' distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Susser Petroleum Partners' distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.

SOURCE Susser Petroleum Partners LP; Susser Holdings