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
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Suburban Propane Partners, L.P. (NYSE: SPH) has announced a partnership with Historic Tours of America to support the Lincolnville Museum and Cultural Center in St. Augustine, Florida, in honor of Black History Month. This initiative aims to provide funding for the LMCC's mission of sharing the rich cultural heritage of St. Augustine's African American community through various channels. The joint effort will also introduce an 80-foot trolley stop at the LMCC to facilitate easy access for visitors, including those traveling aboard Historic Tours of America's iconic orange and green Old Town Trolley Tours. St. Augustine, as the United States' oldest continuously inhabited settlement, holds significant historical importance, representing both European and African-American heritage.
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Suburban Propane Partners, L.P. (NYSE:SPH) has announced the schedule for its 2024 Tri-Annual Meeting of the Limited Partners of the Partnership to be held in person on May 21, 2024. The meeting will take place at the executive offices located at One Suburban Plaza, Whippany, New Jersey. The Partnership is a nationwide distributor of propane, renewable propane, renewable natural gas, fuel oil, and related products and services, as well as a marketer of natural gas and electricity, and an investor in low carbon fuel alternatives.
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Suburban Propane Partners, L.P. (NYSE:SPH) declared a quarterly distribution of $0.325 per Common Unit for the three months ended December 30, 2023, with an annualized rate of $1.30 per Common Unit. The distribution is payable on February 13, 2024, to Common Unitholders of record as of February 6, 2024. The press release also provides important information for foreign investors regarding federal income tax withholding.
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Suburban Propane Partners, L.P. (NYSE:SPH) has scheduled its Fiscal 2024 First Quarter Results Conference Call for February 8, 2024, at 9:00 AM Eastern Time. The call will be accessible via the internet and telephone, with a replay available until February 15, 2024. Analysts, investors, and interested parties are invited to listen to management's discussion of the results and business outlook.
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Suburban Propane Partners, L.P. (SPH) announced its status as the official propane partner of the Anaheim Ducks and the Honda Center for the 2023-24 National Hockey League season. This partnership will allow Suburban Propane to power the Anaheim Ducks' Zamboni® Ice Resurfacing Machine and make a generous donation to the Anaheim Ducks Foundation. The company will also plan a SuburbanCares® charitable event with the team in support of local community initiatives.
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Suburban Propane Partners, L.P. (NYSE: SPH) has been named a finalist in three categories in the 25th Annual Platts Global Energy Awards. The company earned nominations for its SuburbanCares® platform, acquisition of renewable natural gas assets, and its President and CEO, Michael Stivala, in different categories.
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Suburban Propane Partners, L.P. (NYSE: SPH) announces the retirement of its Chief Operating Officer, Steven C. Boyd, effective January 1, 2025. Alejandro Centeno is identified as Boyd's successor, effective the same date. Centeno, currently Vice President of Operations, has been with the company since July 2007. The company emphasizes its commitment to employee development, operational excellence, and growth.
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Suburban Propane Partners, L.P. (NYSE: SPH) has partnered with Baltimore Hunger Project to sponsor and assemble weekend food packages for students in the greater Baltimore region facing food insecurity. The company's donation provided over 800 meal packages, addressing the rising food insecurity in the area. SuburbanCares® has undertaken charitable endeavors in numerous communities across the United States, demonstrating its commitment to supporting community efforts.
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Suburban Propane Partners, L.P. (SPH) has filed its Annual Report on Form 10-K for the fiscal year ended September 30, 2023 with the SEC. The report is available on the company's website. Upon request, the Partnership will provide a hard copy of the report to unitholders or noteholders.
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Suburban Propane Partners, L.P. (NYSE: SPH) partnered with One Heart for Women and Children for a mobile food drop, showcasing their commitment to community support through their SuburbanCares® platform. The company's employees in Orlando assisted in distributing food to over 1,000 people in need. SuburbanCares® has been actively involved in charitable endeavors in various communities across the United States, including regions heavily affected by COVID-19.
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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.
Suburban Propane Partners L P
NYSE:SPH
SPH Rankings
SPH Stock Data
1.13B
64.07M
2.26%
36.01%
1.27%
Utilities - Regulated Gas
Retail-miscellaneous Retail
United States of America
WIPPANY