Suburban Propane Partners L P - SPH STOCK NEWS

Suburban Propane Partners, L.P. (NYSE: SPH) announced a quarterly distribution of $0.325 per Common Unit for Q1 2022, amounting to an annualized rate of $1.30. The distribution is payable on May 10, 2022 to unitholders of record by May 3, 2022. This distribution reflects the company's ongoing commitment to return value to unitholders as it services approximately 1 million customers across 700 locations in 42 states. Additionally, foreign partners are subject to withholding requirements under Section 1446 of the Internal Revenue Code.

Suburban Propane Partners, L.P. (NYSE:SPH) has scheduled its Fiscal 2022 Second Quarter Results Conference Call for May 5, 2022, at 9:00 AM ET. Participants can join via the internet at www.suburbanpropane.com or by calling (888) 317-6003 with access code 6774002. A replay will be available from 12:00 PM ET on May 5 until 11:55 PM ET on May 12, accessible by calling (877) 344-7529 with code 3301968.

Suburban Propane Partners, L.P. (NYSE: SPH) supported the Washington Capitals' Go Green Night on April 6, 2022, providing clean-burning propane for the team's ice resurfacer. This event featured green-themed activities and auctioned limited-edition memorabilia, with proceeds benefiting DC Greens. The initiative aligns with Suburban Propane's commitment to renewable energy through its 'Go Green with Suburban Propane' brand. The auction runs until April 15, 2022, promoting a greener future in the D.C. area.

On April 5, 2022, Suburban Propane Partners, L.P. (NYSE: SPH) announced its collaboration with the Guy Fieri Foundation to provide over 1,200 meals to New Jersey veterans. The events were held on April 1 and 2 at VFW Posts in Port Monmouth and Manville, NJ. This initiative is part of Suburban Propane's "SuburbanCares" program, highlighting its commitment to veterans through services such as the "Heroes Hired Here" employment program. The participation of local leaders and volunteers underscores the company's dedication to community support.

On March 10, 2022, Suburban Propane Partners, L.P. (NYSE: SPH) announced a strategic investment of $30 million for a 25% equity stake in Independence Hydrogen, Inc. This veteran-owned company specializes in hydrogen solutions, aiming to enhance local hydrogen production. The Partnership also launched Suburban Renewable Energy, LLC to further its renewable energy objectives. This move aligns with Suburban's commitment to sustainable energy, highlighting hydrogen's role in decarbonization and energy resilience in various sectors.

Suburban Propane Partners, L.P. (NYSE: SPH) reported a first-quarter net income of $21.3 million ($0.34 per Common Unit), down from $38.0 million ($0.61 per Common Unit) year-over-year. Adjusted EBITDA rose 8.1% to $86.5 million. Despite warm December temperatures affecting propane demand, effective pricing and risk management offset challenges. Retail propane sales declined 5.7%, with average prices up 118.5% year-over-year. Total gross margin decreased to $179.1 million, though excluding unrealized losses showed a 7.9% increase. A distribution of $0.325 per Common Unit was declared, payable on February 8, 2022.

Suburban Propane Partners, L.P. (NYSE: SPH) announced a quarterly distribution of $0.325 per Common Unit for the period ending December 25, 2021. This equates to an annualized rate of $1.30. The distribution is set to be paid on February 8, 2022, to unitholders of record as of February 1, 2022. The press release also notes a withholding tax requirement for foreign partners under Section 1446 of the Internal Revenue Code.

Suburban Propane Partners, L.P. (NYSE:SPH) has announced a Fiscal 2022 First Quarter Results Conference Call scheduled for February 3, 2022, at 9:00 AM Eastern Time. Interested analysts and investors can join the call via the internet or by phone at (888) 317-6003, Access Code: 7528008. A replay will be available from 12:00 PM Eastern Time on the same day until February 10, 2022. The company, headquartered in Whippany, New Jersey, serves around 1 million customers nationwide with propane and renewable fuel products.

Suburban Propane Partners, L.P. (NYSE:SPH) filed its Annual Report on Form 10-K for the fiscal year ending September 25, 2021, with the SEC. The report is accessible via the company’s website, and hard copies can be requested by unitholders or noteholders. Suburban Propane, established in 1928, serves about 1 million customers nationwide through 700 locations across 41 states, providing propane, fuel oil, and renewable energy solutions.