Suburban Propane Partners L P - SPH STOCK NEWS

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.

Suburban Propane Partners (NYSE: SPH) announced a partnership with Happy Hats for Kids in Hospitals. This initiative will donate over 1,300 superhero hats and Hero Club Gift Packages to children facing serious illnesses across more than 65 local hospitals. The project reflects Suburban Propane's commitment to community service through its SuburbanCares initiative. The donation was made on November 17, with volunteers including Torrance Mayor Patrick Furey participating in the assembly of the gift packages.

Suburban Propane Partners, L.P. (NYSE: SPH) announced a collaboration with Operation Tiny Home and Cornerstone Design Build to support a combat-wounded veteran, Frederic Rosario, in purchasing a custom-built tiny home. The initiative, part of SuburbanCares, aims to combat housing insecurity for veterans. A Welcome Home Grant Awards Ceremony coincided with Veteran's Day, featuring notable attendees including state representatives. The tiny home will feature two bedrooms and be designed for storm resistance and comfort, underscoring Suburban Propane's commitment to community support and veteran empowerment.

Suburban Propane Partners, L.P. (NYSE:SPH) reported a strong fiscal 2021, with net income rising to $122.8 million ($1.96 per Common Unit) from $60.8 million ($0.98 per Common Unit) the previous year. Adjusted EBITDA increased 8.7% to $275.7 million, driven by higher volumes and unit margins. The company reduced debt by $88 million and raised its annual distribution rate by 8.3%. However, the fourth quarter saw a net loss of $16.4 million compared to a loss of $41.2 million in 2020. Retail gallons sold for the fourth quarter increased 1.8%, reflecting positive demand dynamics.

Suburban Propane Partners, L.P. (NYSE: SPH) has launched the Homesential Home Protection Program in New Jersey, allowing homeowners to customize coverage bundles without deductibles or fees. The program focuses on essential home systems like heating, air conditioning, and electrical, offering a simplified pricing structure. Additionally, Homesential is sponsoring Rutgers Athletics and has appointed alumnus Eric LeGrand as a brand ambassador. Homesential will donate $52 for every football turnover to Team LeGrand, supporting spinal cord injury awareness.

Suburban Propane Partners, L.P. (NYSE: SPH) announced a collaboration with Whittier Kid City in Boise, providing over 100 Robotics + STEM kits and new sports equipment to support after-school programs. This initiative, part of SuburbanCares, aims to enhance learning and physical activity for local students. The donation includes various STEM kits that cover coding, physics, chemistry, and biology, promoting both mental and physical development. Suburban Propane emphasizes community support through its charitable endeavors across underserved regions in the U.S.

Agway Energy Services, a subsidiary of Suburban Propane, has extended its partnership with the Pittsburgh Penguins for the 2022 season. With over 20 years of experience, Agway provides natural gas and electricity in Pennsylvania, Maryland, and New York. The renewal includes in-arena signage and live commercial reads during games. Agway's EnergyGuard™ program offers protection for heating and cooling systems for customers in Pennsylvania. New customers can sign up for a chance to win premium club tickets throughout the season.

Suburban Propane Partners, L.P. (NYSE:SPH) has declared a quarterly distribution of $0.325 per Common Unit for the period ending September 25, 2021. This translates to an annualized rate of $1.30 per Common Unit. The distribution will be payable on November 9, 2021 to Common Unitholders recorded as of November 2, 2021. The notice includes a reminder about withholding requirements for foreign partners under Section 1446 of the Internal Revenue Code.

Suburban Propane Partners, L.P. (NYSE:SPH) will hold its Fiscal 2021 Full Year and Fourth Quarter Results Conference Call on November 11, 2021, at 9:00 AM Eastern Time. Analysts and investors can join via the internet or by calling (888) 317-6003, Access Code 6079632. A replay will be available from 12:00 PM on the same day until 12:00 AM on November 18, accessible at (877) 344-7529, Access Code 10160600. Suburban Propane is a leading provider of propane and related services across 41 states, committed to excellence and sustainability.