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Suburban Propane Partners L P - SPH STOCK NEWS

Welcome to our dedicated page for Suburban Propane Partners L P news (Ticker: SPH), a resource for investors and traders seeking the latest updates and insights on Suburban Propane Partners L P stock.

Suburban Propane Partners, L.P. (NYSE: SPH), headquartered in Whippany, New Jersey, is a leading nationwide marketer and distributor of propane, renewable propane, fuel oil, and other refined fuels. The company has been serving the energy needs of approximately 1 million residential, commercial, governmental, industrial, and agricultural customers through about 700 locations across 42 states since 1928.

Core Business: Suburban Propane specializes in providing propane, fuel oil, and refined fuels, along with marketing natural gas and electricity in deregulated markets such as New York and Pennsylvania. The company operates in three main segments: Propane, Fuel Oil and Refined Fuels, and Natural Gas and Electricity, with the Propane segment generating the maximum revenue.

Products and Services: Propane, known for its clean-burning properties, is used in residential and commercial markets for space heating, water heating, cooking, and clothes drying. Additionally, industrial customers utilize propane as a motor fuel, for powering engines, and in various process applications. In the agricultural sector, propane serves crucial functions such as tobacco curing, crop drying, and poultry brooding. Suburban Propane also sells, installs, and services heating systems, air conditioning units, and other energy-related equipment.

Environmental Commitment: As part of its commitment to a green energy future, Suburban Propane markets renewable propane and invests in low carbon fuel alternatives. The company's

News

Suburban Propane Collaborates with Operation Adopt A Soldier in Saratoga to Provide more than 500 Care Packages for Troops

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Suburban Propane Partners, L.P. collaborated with Operation Adopt A Soldier to create 500+ care packages for troops, including snacks, games, and letters from employees. The company collected donations from local Customer Service Centers and supports various community efforts. Operation Adopt A Soldier is a volunteer organization aiming to raise awareness of soldiers' sacrifices and provide comfort to troops. Both organizations are dedicated to supporting the military and giving back to the community.

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Suburban Propane Partners, L.P. Declares Quarterly Distribution of $0.325 per Common Unit

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Suburban Propane Partners, L.P. declared a quarterly distribution of $0.325 per Common Unit for the three months ended March 30, 2024, equating to an annualized rate of $1.30 per Common Unit. The distribution is payable on May 14, 2024, to Common Unitholders of record as of May 7, 2024. Foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate. Brokers and nominees are responsible for withholding distributions on behalf of foreign investors.
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Suburban Propane Partners, L.P. to Hold Fiscal 2024 Second Quarter Results Conference Call

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Suburban Propane Partners, L.P. (NYSE:SPH) has scheduled its Fiscal 2024 Second Quarter Results Conference Call for May 9, 2024, at 9:00 AM Eastern Time. Interested parties can access the call via the internet or telephone. A replay will be available until May 16, 2024.
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Suburban Propane Supports Anaheim Ducks' Green Night on April 9th with Donation to Anaheim Ducks Foundation

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Suburban Propane Partners with Anaheim Ducks and Honda Center to Promote Clean Energy
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Suburban Propane Partners with Crayons to Classrooms to Support "Classroom Solutions" Program

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Suburban Propane Partners, L.P. (NYSE: SPH) partners with Crayons to Classrooms to support local teachers in the greater Dayton area. Suburban Propane employees assist in creating educational materials for 3,000 teachers from 135 schools. The company's SuburbanCares community-giving platform provides funding for the mission.
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Suburban Propane and American Red Cross Partner with Sickle Cell Disease Association of Illinois to Boost Sickle Cell Awareness in Chicago

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Suburban Propane Partners, L.P. (NYSE: SPH) collaborates with the American Red Cross and SCDAI to host a blood donation event in Chicago, Illinois, aimed at supporting sickle cell disease patients.
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Suburban Propane Partners, L.P. Announces Refinancing of Revolving Credit Facility

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Suburban Propane Partners, L.P. (NYSE:SPH) announced the refinancing of a $500 million senior secured credit facility, extending the maturity date and enhancing financial flexibility. The new five-year Revolving Credit Facility aims to support long-term strategic growth initiatives.
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Suburban Propane Collaborates with Keep Austin Fed to Sustainably Support Austinites Experiencing Food Insecurity

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Suburban Propane Partners, L.P. (SPH) collaborates with Keep Austin Fed to alleviate food insecurity. The donation supports rescuing surplus food, feeding neighbors in need, and reducing food waste. SuburbanCares initiative promotes sustainability and community involvement nationwide.
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Suburban Propane Commemorates Black History Month with Reception Celebrating Dr. Charles R. Drew and Hosts Sickle Cell Blood Drive with the American Red Cross

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Suburban Propane Partners, L.P. (NYSE: SPH) commemorated Black History Month by hosting a blood drive honoring Dr. Charles R. Drew, a pioneer in blood transfusions. The event aimed to raise awareness for sickle cell disease and increase blood donations, showcasing the company's commitment to community support.
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Suburban Propane Partners, L.P. Announces First Quarter Results

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Suburban Propane Partners, L.P. (SPH) reported a decrease in net income for the first quarter of fiscal 2024 compared to the prior year. The company attributed this decline to unseasonably warm weather impacting customer demand for heating purposes. Despite a 2.0% decrease in propane volumes, solid agricultural demand partially offset the impact of warmer weather. The company also provided updates on its renewable natural gas operations and capital improvement plans. Additionally, retail propane gallons sold decreased by 2.0% due to warmer weather patterns. Average propane prices decreased by 16.7% compared to the prior year, and total gross margin decreased by 0.9%. Operating and general administrative expenses increased by 6.4%, and total debt outstanding increased by $54.8 million. The Board of Supervisors declared a quarterly distribution of $0.325 per Common Unit for the three months ended December 30, 2023.
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FAQ

What is the current stock price of Suburban Propane Partners L P (SPH)?

The current stock price of Suburban Propane Partners L P (SPH) is $17.59 as of November 15, 2024.

What is the market cap of Suburban Propane Partners L P (SPH)?

The market cap of Suburban Propane Partners L P (SPH) is approximately 1.1B.

What products and services does Suburban Propane Partners, L.P. provide?

Suburban Propane distributes propane, renewable propane, fuel oil, and other refined fuels, and markets natural gas and electricity. They also sell, install, and service heating systems, air conditioning units, and other energy-related equipment.

Where is Suburban Propane Partners, L.P. headquartered?

Suburban Propane is headquartered in Whippany, New Jersey.

How many customers does Suburban Propane serve?

Suburban Propane serves approximately 1 million residential, commercial, governmental, industrial, and agricultural customers.

What is the primary revenue-generating segment for Suburban Propane?

The primary revenue-generating segment for Suburban Propane is the Propane segment.

What are the environmental initiatives of Suburban Propane?

Suburban Propane promotes the clean-burning properties of propane and renewable propane, and invests in low carbon fuel alternatives as part of their Go Green initiative.

What recent developments have been announced by Suburban Propane?

Recent developments include the retirement of COO Steven C. Boyd and the succession plan naming Alejandro (“Alex”) Centeno as the new COO, as well as advancements in their Renewable Natural Gas (RNG) projects.

What community initiatives is Suburban Propane involved in?

Through the SuburbanCares corporate pillar, Suburban Propane engages in various community support activities, including partnerships with the American Red Cross for blood donation drives.

When was Suburban Propane Partners, L.P. established?

Suburban Propane has been in the customer service business since 1928.

How does Suburban Propane support agricultural customers?

Suburban Propane provides propane for functions such as tobacco curing, crop drying, poultry brooding, and weed control in the agricultural sector.

Where can I find more information about Suburban Propane?

For more information, visit their official website at www.suburbanpropane.com.

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Suburban Propane Partners L P

NYSE:SPH

SPH Rankings

#2434 Ranked by Market Cap
#338 Ranked by Dividends

SPH Stock Data

1.13B
64.07M
2.26%
36.01%
1.27%
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