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, 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
Rhea-AI Summary
Suburban Propane Partners with Anaheim Ducks and Honda Center to Promote Clean Energy
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.51%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.09%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.14%
Tags
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.22%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.05%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.78%
Tags
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.71%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.2%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.52%
Tags
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.81%
Tags
FAQ
What is the current stock price of Suburban Propane Partners (SPH)?
The current stock price of Suburban Propane Partners (SPH) is $21.8 as of February 21, 2025.
What is the market cap of Suburban Propane Partners (SPH)?
The market cap of Suburban Propane Partners (SPH) is approximately 1.4B.
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
NYSE:SPH
SPH Rankings
SPH Stock Data
1.42B
61.82M
2.26%
36.59%
1.28%
Utilities - Regulated Gas
Retail-miscellaneous Retail
United States
WIPPANY