Welcome to our dedicated page for Suburban Propane Partners news (Ticker: SPH), a resource for investors and traders seeking the latest updates and insights on Suburban Propane Partners stock.
Suburban Propane Partners LP (SPH) provides essential energy distribution services across residential, commercial, and industrial markets. This news hub offers investors and stakeholders timely access to official announcements and market developments.
Find curated press releases covering quarterly earnings, strategic acquisitions, renewable energy initiatives, and operational updates. Our repository simplifies tracking SPH's market position through verified information about propane distribution innovations, fuel oil services, and renewable natural gas projects.
Key updates include partnership announcements, regulatory compliance developments, and sustainability efforts. Bookmark this page for direct access to primary sources about SPH's responses to energy market trends and customer service enhancements.
Regularly updated with filings and executive communications, this resource enables informed analysis of SPH's performance in both regulated and deregulated energy markets. Return frequently for comprehensive coverage of this established distributor's evolving role in North America's energy landscape.
Suburban Propane Partners (NYSE: SPH) has declared a quarterly distribution of $0.325 per Common Unit for the quarter ended March 29, 2025, equivalent to an annualized rate of $1.30 per Common Unit. The distribution will be paid on May 13, 2025, to unitholders of record as of May 6, 2025.
The company, headquartered in Whippany, New Jersey, serves approximately 1 million customers across 42 states through 700 locations. As a nationwide distributor of propane, renewable propane, RNG, and related products, Suburban Propane operates on three core pillars: Suburban Commitment, SuburbanCares, and Go Green with Suburban Propane.
Suburban Propane Partners (NYSE: SPH) has announced its Fiscal 2025 Second Quarter Results Conference Call scheduled for Thursday, May 8, 2025, at 9:00 AM Eastern Time. The company will discuss quarterly results and business outlook, with a replay available until May 15, 2025.
SPH operates as a master partnership, serving approximately 1 million customers across 42 states through 700 locations. The company distributes propane, renewable propane, RNG, fuel oil, and related products, while also marketing natural gas and electricity. Their business model is supported by three pillars: Suburban Commitment, SuburbanCares, and Go Green with Suburban Propane, emphasizing customer service excellence and environmental sustainability.
Suburban Propane Partners (NYSE: SPH) and NASCAR have unveiled a propane-powered track dryer at the DAYTONA 500. This innovative solution complements existing track drying efforts and offers improved fuel efficiency compared to diesel or gasoline alternatives, while producing fewer pollutants.
As the Official Propane of NASCAR, Suburban Propane's role extends beyond track drying to powering concession stands and supporting campground energy needs. The partnership aims to enhance the fan experience by providing reliable propane services throughout race weekends.
Suburban Propane serves approximately 1 million customers across 42 states through 700 locations, distributing propane, renewable propane, renewable natural gas, and related products. The company operates on three core pillars: Suburban Commitment, SuburbanCares, and Go Green with Suburban Propane, emphasizing customer service excellence and environmental sustainability.
Suburban Propane Partners (NYSE:SPH) reported Q1 fiscal 2025 results with net income of $19.4 million ($0.30 per Common Unit), down from $24.5 million ($0.38 per Common Unit) in Q1 fiscal 2024. Adjusted EBITDA remained flat at $75.3 million.
Retail propane gallons sold decreased 0.8% to 105.7 million gallons due to unseasonably warm temperatures and lower agricultural demand, partially offset by increased demand in the Southeast following Hurricanes Helene and Milton. The company completed a strategic $53.0 million propane acquisition in New Mexico and Arizona.
Total gross margin increased 6.3% to $226.2 million, including a $3.6 million unrealized gain from mark-to-market adjustments. Operating expenses rose 1.6% to $150.0 million. The company declared a quarterly distribution of $0.325 per Common Unit, equating to $1.30 annually.
Suburban Propane Partners (NYSE:SPH) has declared a quarterly distribution of $0.325 per Common Unit for the quarter ended December 28, 2024, equivalent to an annualized rate of $1.30 per Common Unit. The distribution will be paid on February 11, 2025, to unitholders of record as of February 4, 2025.
The company, founded in 1928, operates as a nationwide distributor of propane, renewable propane, and related energy products, serving approximately 1 million customers across 42 states through 700 locations. The business focuses on three core pillars: Suburban Commitment, SuburbanCares, and Go Green with Suburban Propane, emphasizing customer service excellence and environmental sustainability.
Suburban Propane Partners (NYSE:SPH) has announced its Fiscal 2025 First Quarter Results Conference Call, scheduled for Thursday, February 6, 2025, at 9:00 AM Eastern Time. The call will be accessible via their website or by phone at (800) 836-8184. A replay will be available from 12:00 PM ET on February 6 until 11:55 PM ET on February 13, 2025.
SPH operates as a master partnership listed on NYSE, serving approximately 1 million customers through 700 locations across 42 states. The company focuses on propane distribution, renewable energy, and related services, while also marketing natural gas and electricity. Their business model is supported by three pillars: Suburban Commitment, SuburbanCares, and Go Green with Suburban Propane.
Suburban Propane Partners (NYSE: SPH) has announced a multi-year partnership with NASCAR and Speedway Motorsports, becoming the Official Propane Partner for both organizations. The partnership includes providing propane for new track dryers in NASCAR's fleet starting February 2025, and becoming the Official Propane supplier for 19 major speedways across the United States.
The collaboration involves on-site services for campers during NASCAR events, propane for in-stadium concessions, and year-round support services at track properties. A new co-branded logo will be displayed on Suburban Propane bobtails and customer service centers across their 42-state footprint.
This partnership expands Suburban Propane's presence in professional sports and aligns with their core business of serving approximately 1 million customers through 700 locations nationwide.
Suburban Propane Partners (NYSE:SPH) has announced the filing of its Annual Report on Form 10-K for the fiscal year ended September 28, 2024, with the SEC. The report is available on the company's website, and unitholders or noteholders can request a free hard copy. Suburban Propane operates as a master partnership, serving approximately 1 million customers across 42 states through 700 locations. The company distributes propane, renewable propane, RNG, fuel oil, and related products, while also marketing natural gas and electricity. Their business model is supported by three pillars: Suburban Commitment, SuburbanCares, and Go Green with Suburban Propane.
Suburban Renewable Energy, a subsidiary of Suburban Propane Partners (NYSE: SPH), has announced its sponsorship of the first school entry in the Hydrogen Grand Prix (H2GP) in Texas for 2024-2025. Students aged 12-19 will design and build 1:10 scale hydrogen fuel cell remote-controlled cars for endurance races, competing for a chance at the H2GP World Finals. As the first corporate sponsor in Texas, Suburban Propane demonstrates its commitment to investing in hydrogen technology and renewable energy education through this partnership with the non-profit H2GP Foundation, which aims to advance hydrogen technology education and innovation.
Suburban Propane Partners (NYSE: SPH) announced the promotion of Alejandro ('Alex') Centeno to Senior Vice President – Operations, succeeding retiring Chief Operating Officer Steven C. Boyd effective January 1, 2025. Centeno, who has been with the company for over 15 years, will oversee day-to-day propane operations, customer growth initiatives, operational efficiencies, and support functions. The promotion aligns with the company's planned management succession strategy. Boyd retires after a nearly 39-year career with the Partnership, having started as a delivery driver and progressing through various leadership roles.
