Suburban Propane Partners - SPH STOCK NEWS

Suburban Propane Partners, L.P. (NYSE:SPH) declared a quarterly distribution of $0.325 per Common Unit for the period ending September 24, 2022. This annualizes to $1.30 per Common Unit. The distribution is scheduled for payment on November 8, 2022, for those on record by November 1, 2022. The press release also notifies that foreign investors' distributions are subject to federal income tax withholding at the highest applicable rate. Suburban Propane serves around 1 million customers nationwide, focusing on propane and renewable energy services.

Suburban Propane Partners, L.P. (NYSE:SPH) has announced its Fiscal 2022 Full Year and Fourth Quarter Results Conference Call scheduled for November 10, 2022, at 9:00 AM Eastern Time. During the call, management will discuss the company's results and business outlook. Analysts and investors can access the call via the internet or phone. A replay of the conference call will be available from 12:00 PM on the same day until 12:00 AM on November 17, 2022 for those unable to attend.

Suburban Propane Partners, L.P. (NYSE: SPH) recently supported veterans by serving breakfast at the Veterans Place of Washington Boulevard in Pittsburgh. The event, part of SuburbanCares, aimed to assist veterans transitioning from homelessness. Volunteers also provided information on the "Heroes Hired Here" program, which offers job training for veterans. Executive Director Shannon Hagy expressed gratitude for Suburban's support, while spokesperson Nandini Sankara emphasized the company's commitment to outreach for veterans. Over the years, Suburban has participated in various charitable endeavors, helping underserved communities across the U.S.

Suburban Propane Partners, L.P. (NYSE: SPH) has collaborated with the Foundation To Be Named Later to provide tuition grants for underserved students in the Boston area. The grants were presented at Fenway Park, with notable attendees including Paul Epstein and Peter Gammons. This initiative is part of SuburbanCares, reflecting the company's commitment to community support across the U.S. Suburban Propane, a leading distributor of propane and related products, serves approximately 1 million customers nationwide.

Suburban Propane Partners, L.P. (NYSE: SPH) announced a partnership with David's House, a nonprofit aiding families of children undergoing treatment at Dartmouth Health Children's Hospital. The collaboration involves donations of food and pantry items for snack packs, helping these families during challenging times. The initiative, part of Suburban Propane's SuburbanCares program, aims to support community efforts across the U.S. Suburban Propane, providing services since 1928, caters to about 1 million customers nationwide.

Suburban Propane Partners, L.P. (NYSE:SPH) reported a third-quarter net loss of $2.5 million, an improvement from a $26 million loss in Q3 2021. Adjusted EBITDA increased by 25.3% to $29.2 million. Retail propane sales fell 1.6% to 75.5 million gallons due to high prices and changing customer demand. Gross margin increased to $159.4 million, despite higher operating costs reaching $130.6 million. The company reduced debt by over $43 million, lowering leverage to 3.64x. A quarterly distribution of $0.325 per Common Unit was announced, payable on August 9, 2022.

On July 21, 2022, Suburban Propane Partners, L.P. (NYSE: SPH) declared a quarterly distribution of $0.325 per Common Unit for the three months ending June 25, 2022. This results in an annualized rate of $1.30 per unit, payable on August 9, 2022, to unitholders on record as of August 2, 2022. Notably, foreign partners should adhere to a withholding requirement at the highest effective tax rates under Section 1446 of the Internal Revenue Code. Suburban Propane, established in 1928, services nearly 1 million customers across 700 locations in 42 states, focusing on propane and renewable energy products.

Suburban Propane Partners, L.P. (NYSE:SPH) has announced its Fiscal 2022 Third Quarter Results Conference Call scheduled for August 4, 2022, at 9:00 AM Eastern Time. Analysts and investors can access the call online or via telephone at (888) 317-6003, using Access Code 9151072. A replay will be available from 12:00 PM Eastern Time on August 4 until 11:55 PM Eastern Time on August 11 by dialing (877) 344-7529, Access Code 4929378. For more information, visit www.suburbanpropane.com.

On July 15, 2022, Suburban Propane Partners, L.P. (NYSE: SPH) announced a partnership with the Saranac Lake Youth Center to distribute hygiene kits and seasonal clothing to local teens in need. This initiative is part of Suburban Propane's SuburbanCares program, supporting community efforts across the U.S. Items included personal hygiene products and clothing purchased from local merchants. The Saranac Lake Youth Center, serving students in grades 6-12, aims to support personal growth and responsibility. This effort underscores Suburban Propane's commitment to community service.