Sunoco Logistics Partners has continued its astonishing record of providing a cash distribution increase for the 46th consecutive quarter.

The company announced that its partner, Sunoco Partners, has declared a cash distribution for the third quarter of $0.51 per common unit, or $2.04 annualized. This will be paid on Nov. 14 to unit holders of record on Nov. 9, and represents an 11 percent increase over the third quarter of last year, when the company reported cash distribution of $0.458 per common unit, or $1.83 annualized.

The Newtown Square company also announced that its next conference call is on Thursday, Nov. 10 to discuss its financial results for the third quarter of 2016. The results will be formally released after the market closes on Nov. 9.

The positive news comes just a month after the company announced that it had acquired Vitol’s Permian Basin crude oil system for around $760 million, plus working capital.

“The addition of the Vitol system is an excellent synergistic fit to our growing crude platform in the Permian Basin,” Michael J. Hennigan, President and CEO for Sunoco Logistics Partners, said at the time.