Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, fuel oil, and refined fuels. The company operates in four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other. The Propane segment is involved in the retail distribution of propane to residential, commercial, industrial, and agricultural customers, as well as in the wholesale distribution to industrial end users. It offers propane primarily for space heating, water heating, cooking, and clothes drying in the residential and commercial markets; for use as a motor fuel in internal combustion engines to power over-the-road vehicles, forklifts, and stationary engines, as well as to fire furnaces, as a cutting gas to the industrial customers, and in other process applications; and for tobacco curing, crop drying, poultry brooding, and weed control in the agricultural markets. The Fuel Oil and Refined Fuels segment engages in the retail distribution of fuel oil, diesel, kerosene, and gasoline to residential and commercial customers for use primarily as a source of heat in homes and buildings. The Natural Gas and Electricity segment markets natural gas and electricity to residential and commercial customers in the deregulated energy markets in New York and Pennsylvania. The All Other segment sells, installs, and services a range of home comfort equipment, including whole-house heating products, air cleaners, humidifiers, and space heaters. As of September 26, 2020, the company served approximately 1.0 million residential, commercial, industrial, and agricultural customers through 700 locations in 41 states primarily in the east and west coast regions of the United States, as well as portions of the midwest region of the United States and Alaska. Suburban Energy Services Group LLC serves as a general partner of Suburban Propane Partners, L.P. The company was founded in 1945 and is headquartered in Whippany, New Jersey.
IPO Year: 1996
Exchange: NYSE
Website: suburbanpropane.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/30/2024 | $17.00 | Equal Weight → Underweight | Wells Fargo |
| 1/29/2024 | $16.00 → $17.00 | Neutral → Underperform | Mizuho |
| 4/26/2023 | $17.00 | Neutral | Mizuho |
| 12/16/2021 | $17.00 → $18.00 | Equal-Weight | Wells Fargo |
WHIPPANY, N.J. and HUNTINGTON BEACH, Calif., Nov. 19, 2024 /PRNewswire/ -- Suburban Renewable Energy, LLC (Suburban Renewables), a subsidiary of Suburban Propane Partners, L.P. (NYSE:SPH), has announced its sponsorship of the first school entry in the Hydrogen Grand Prix (H2GP) as the program launches in Texas for the 2024-2025 school year. With support from Suburban Renewables, students aged 12 to 19 will use teamwork and STEAM curriculum to design, engineer, and build their own 1:10 scale hydrogen fuel cell remote-controlled car. The team will then race in a series of local- and state-level endurance races for the chance to compete at the H2GP World Finals event overseas.
WHIPPANY, N.J., Nov. 15, 2024 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE:SPH), 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 investor in low carbon fuel alternatives, announced today an executive promotion in line with its planned management succession. As previously announced, Steven C. Boyd, the Partnership's Chief Operating Officer, will retire effective January 1, 2025. The Partnership announced that Alejandro ("Alex") Centeno has
WHIPPANY, N.J., Nov. 14, 2024 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE:SPH), today announced earnings for its full year and fourth quarter ended September 28, 2024. Fiscal Year 2024 Results Fiscal year 2024 included 52 weeks of operations compared to 53 weeks reported in the prior year. Net income for fiscal 2024 was $74.2 million, or $1.15 per Common Unit, compared to $123.8 million, or $1.94 per Common Unit, in fiscal 2023. Adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA, as defined and reconciled below) was $250.0 millio
BALTIMORE and WHIPPANY, N.J., Oct. 31, 2024 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE:SPH), 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 investor in low carbon fuel alternatives, partnered with the American Red Cross and Coppin State University in Baltimore on October 30th to host a blood donation event focused on raising awareness of sickle cell disease, and the urgent need for donations. This collaboration brings local communities together to support those impacted by the disease and increase vital blood donations for those in need.
WHIPPANY, N.J., Oct. 24, 2024 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE:SPH), today announced that its Board of Supervisors declared a quarterly distribution of $0.325 per Common Unit for the three months ended September 28, 2024. This quarterly distribution rate equates to an annualized rate of $1.30 per Common Unit. The distribution is payable on November 12, 2024 to Common Unitholders of record as of November 5, 2024. This press release serves as qualified notice to brokers and nominees as provided for under Treasury Regulation Section 1.1446-4(b). Please note t
WHIPPANY, N.J., Oct. 23, 2024 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE:SPH), announced today that it has scheduled its Fiscal 2024 Full Year and Fourth Quarter Results Conference Call for Thursday, November 14, 2024 at 9:00 AM Eastern Time. Analysts, investors and other interested parties are invited to listen to management's discussion of Fiscal 2024 Full Year and Fourth Quarter results and business outlook by accessing the call via the internet at www.suburbanpropane.com, or by telephone as follows: Phone #: (800) 836-8184 Ask for: Suburban Propane Partners Fisc
WHIPPANY, N.J., Sept. 20, 2024 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE:SPH), 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 investor in low carbon fuel alternatives, volunteered at a new construction site with Warren County Habitat for Humanity. As a Framer Sponsor for the organization, Suburban Propane's employee volunteers actively supported the local build site. Assemblyman John DiMaio (NJ District 23) was also in attendance, offering his support and appreciation to the crew of volunteers. Warren County Habitat for Humanity is dedicated to elim
WHIPPANY, N.J., Aug. 14, 2024 /PRNewswire/ -- Suburban Renewable Energy, LLC (Suburban Renewables), a subsidiary of Suburban Propane Partners, L.P. (NYSE:SPH), 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 investor in low carbon fuel alternatives, today announced its sponsorship of the Horizon Hydrogen Grand Prix (H2GP), taking place in Anaheim, California on September 9th through 12th. This event will be held during North America's largest renewable industry tradeshow, RE+. This sponsorship underscores Suburban Propane's commitment to investing in the future
WHIPPANY, NJ, Aug 8, 2024 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE:SPH), today announced earnings for its third quarter ended June 29, 2024. Consistent with the seasonal nature of its business, the Partnership typically experiences a net loss in the third quarter of its fiscal year. Net loss for the third quarter of fiscal 2024 was $17.2 million, or $0.27 per Common Unit, compared to a net loss of $5.3 million, or $0.08 per Common Unit, in the third quarter of fiscal 2023. Adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA, a
WHIPPANY, N.J., July 25, 2024 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE:SPH), today announced that its Board of Supervisors declared a quarterly distribution of $0.325 per Common Unit for the three months ended June 29, 2024. This quarterly distribution rate equates to an annualized rate of $1.30 per Common Unit. The distribution is payable on August 13, 2024 to Common Unitholders of record as of August 6, 2024. This press release serves as qualified notice to brokers and nominees as provided for under Treasury Regulation Section 1.1446-4(b). Please note that 100
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WHIPPANY, N.J., May 22, 2024 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE:SPH), today announced the results from its 2024 Tri-Annual Meeting of Unitholders held on May 21, 2024. At the meeting, the Unitholders re-elected to the Board of Supervisors, for a three-year term, all eight nominees proposed by the Board: NomineeMatthew J. ChaninHarold R. Logan, Jr.Jane SwiftTerence J. ConnorsWilliam M. LanduytAmy M. AdamsRommel M. OatesMichael A. Stivala At the meeting, the Unitholders also approved: (1) the ratification of the appointment of PricewaterhouseCoopers LLP as the
WHIPPANY, N.J., May 8, 2024 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE:SPH), 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 investor in low carbon fuel alternatives, today collaborated with Operation Adopt A Soldier (OAAS) to assemble care packages for local troops serving overseas. More than 500 packages were created, which included letters written by Suburban Propane employees from across the region, snacks, games, and other necessi
CHICAGO and WHIPPANY, N.J., March 21, 2024 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE:SPH), 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 investor in low carbon fuel alternatives, today collaborated with longstanding national partner, the American Red Cross, and the Sickle Cell Disease Association of Illinois (SCDAI), to host a blood donation event in Chicago, Illinois. The event at the Chicago Red Cross Blood Donation Center was aimed at raising awareness and encouraging blood donations to support the transfusion needs of patients battling sickle c
WHIPPANY, N.J., Feb. 26, 2024 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE:SPH), 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 investor in low carbon fuel alternatives, commemorated Black History Month in conjunction with the American Red Cross, Faithful Central Bible Church, the Beverly Hills West (CA) Chapter of The Links, Incorporated, and the City of Inglewood, California, by hosting a blood drive celebrating the life of Dr. Charles R. Drew, a renowned surgeon and pioneer in the field of blood transfusions.
ST. AUGUSTINE, Fla., Feb. 1, 2024 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE:SPH), 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 investor in low carbon fuel alternatives, today partnered with Historic Tours of America to announce their support of the Lincolnville Museum and Cultural Center (LMCC) in St. Augustine, Florida in an effort to commemorate Black History Month and contribute to the preservation of African American history. Th
WHIPPANY, N.J., April 24, 2023 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE:SPH), 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 investor in low carbon fuel alternatives, today announced that, at its regular meeting held on April 18, 2023, the Partnership's Board of Supervisors unanimously approved an increase in the number of independent members of the Board of Supervisors from seven to nine, and elected Amy M. Adams and Rommel M. Oates to fill the two vacancies following the increase in the size of the Board. Both actions are effective as of May 5,
WHIPPANY, N.J., July 11, 2022 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE:SPH), a nationwide distributor of propane, renewable propane, fuel oil and related products and services, as well as a marketer of natural gas and electricity and investor in low carbon fuel alternatives announced the appointment of President and CEO, Michael Stivala, to the position of Chairperson for the New Jersey Regional Council of the American Red Cross, effective July 1, 2022. As a national corporate partner of the American Red Cross, Suburban Propane provides support where it is needed
WHIPPANY, N.J., May 19, 2021 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE:SPH) a nationwide distributor of propane, renewable propane, fuel oil and related products and services, as well as a marketer of natural gas and electricity and investor in low carbon fuel alternatives, today announced the results from its 2021 Tri-Annual Meeting of Unitholders held on May 18, 2021. At the meeting, the Unitholders re-elected to the Board of Supervisors, for a three-year term, all seven nominees proposed by the Board: NomineeMatthew J. ChaninHarold R. Logan, Jr.Jane SwiftLawren
Wells Fargo downgraded Suburban Propane from Equal Weight to Underweight and set a new price target of $17.00
Mizuho downgraded Suburban Propane from Neutral to Underperform and set a new price target of $17.00 from $16.00 previously
Mizuho initiated coverage of Suburban Propane with a rating of Neutral and set a new price target of $17.00
Wells Fargo reiterated coverage of Suburban Propane Partners with a rating of Equal-Weight and set a new price target of $18.00 from $17.00 previously
Wells Fargo reiterated coverage of Suburban Propane Partners with a rating of Equal-Weight and set a new price target of $16.00 from $18.00 previously
Argus upgraded Suburban Propane from Hold to Buy and set a new price target of $18.00
WHIPPANY, N.J., Oct. 23, 2024 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE:SPH), announced today that it has scheduled its Fiscal 2024 Full Year and Fourth Quarter Results Conference Call for Thursday, November 14, 2024 at 9:00 AM Eastern Time. Analysts, investors and other interested parties are invited to listen to management's discussion of Fiscal 2024 Full Year and Fourth Quarter results and business outlook by accessing the call via the internet at www.suburbanpropane.com, or by telephone as follows: Phone #: (800) 836-8184 Ask for: Suburban Propane Partners Fisc
WHIPPANY, N.J., July 24, 2024 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE:SPH), announced today that it has scheduled its Fiscal 2024 Third Quarter Results Conference Call for Thursday, August 8, 2024 at 9:00 AM Eastern Time. Analysts, investors and other interested parties are invited to listen to management's discussion of Fiscal 2024 Third Quarter results and business outlook by accessing the call via the internet at www.suburbanpropane.com, or by telephone as follows: Phone #: (888) 664-6383 Ask for: Suburban Propane Fiscal 2024 Third Quarter Results Conference C
WHIPPANY, N.J., April 24, 2024 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE:SPH), announced today that it has scheduled its Fiscal 2024 Second Quarter Results Conference Call for Thursday, May 9, 2024 at 9:00 AM Eastern Time. Analysts, investors and other interested parties are invited to listen to management's discussion of Fiscal 2024 Second Quarter results and business outlook by accessing the call via the internet at www.suburbanpropane.com, or by telephone as follows: Phone #: (888) 664-6383 Ask for: Suburban Propane Fiscal 2024 Second Quarter Results Conference
WHIPPANY, N.J., Jan. 24, 2024 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE:SPH), announced today that it has scheduled its Fiscal 2024 First Quarter Results Conference Call for Thursday, February 8, 2024 at 9:00 AM Eastern Time. Analysts, investors and other interested parties are invited to listen to management's discussion of Fiscal 2024 First Quarter results and business outlook by accessing the call via the internet at www.suburbanpropane.com, or by telephone as follows: Phone #: (888) 317-6003 Access Code: 1833367 Ask for: Suburban Propane Fiscal 2024 First Quar
WHIPPANY, N.J., July 19, 2023 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE:SPH), announced today that it has scheduled its Fiscal 2023 Third Quarter Results Conference Call for Thursday, August 3, 2023 at 9:00 AM Eastern Time. Analysts, investors and other interested parties are invited to listen to management's discussion of Fiscal 2023 Third Quarter results and business outlook by accessing the call via the internet at www.suburbanpropane.com, or by telephone as follows: Phone #: (888) 317-6003Access Code: 0030589 Ask for: Suburban Propane Partners Fiscal 2023 Third
WHIPPANY, N.J., April 19, 2023 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE:SPH), announced today that it has scheduled its Fiscal 2023 Second Quarter Results Conference Call for Thursday, May 4, 2023 at 9:00 AM Eastern Time. Analysts, investors and other interested parties are invited to listen to management's discussion of Fiscal 2023 Second Quarter results and business outlook by accessing the call via the internet at www.suburbanpropane.com, or by telephone as follows: Phone #: (888) 317-6003Access Code: 2934854 Ask for: Suburban Propane Partners Fiscal 2023 Secon
WHIPPANY, N.J., Jan. 18, 2023 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE:SPH), announced today that it has scheduled its Fiscal 2023 First Quarter Results Conference Call for Thursday, February 2, 2023 at 9:00 AM Eastern Time. Analysts, investors and other interested parties are invited to listen to management's discussion of Fiscal 2023 First Quarter results and business outlook by accessing the call via the internet at www.suburbanpropane.com, or by telephone as follows: Phone #: (888) 317-6003Access Code: 4374875 Ask for: Suburban Propane Fiscal 2023 First Quarte
WHIPPANY, N.J., Oct. 19, 2022 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE:SPH), announced today that it has scheduled its Fiscal 2022 Full Year and Fourth Quarter Results Conference Call for Thursday, November 10, 2022 at 9:00 AM Eastern Time. Analysts, investors and other interested parties are invited to listen to management's discussion of Fiscal 2022 Full Year and Fourth Quarter results and business outlook by accessing the call via the internet at www.suburbanpropane.com, or by telephone as follows: Phone #: (888) 317-6003Access Code: 4253531 Ask for: Suburban P
WHIPPANY, N.J., July 20, 2022 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE:SPH), announced today that it has scheduled its Fiscal 2022 Third Quarter Results Conference Call for Thursday, August 4, 2022 at 9:00 AM Eastern Time. Analysts, investors and other interested parties are invited to listen to management's discussion of Fiscal 2022 Third Quarter results and business outlook by accessing the call via the internet at www.suburbanpropane.com, or by telephone as follows: Phone #: (888) 317-6003Access Code: 9151072 Ask for: Suburban Propane Fiscal 2022 Third Quarter
WHIPPANY, N.J., April 20, 2022 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE:SPH), announced today that it has scheduled its Fiscal 2022 Second Quarter Results Conference Call for Thursday, May 5, 2022 at 9:00 AM Eastern Time. Analysts, investors and other interested parties are invited to listen to management's discussion of Fiscal 2022 Second Quarter results and business outlook by accessing the call via the internet at www.suburbanpropane.com, or by telephone as follows: Phone #: (888) 317-6003Access Code: 6774002 Ask for: Suburban Propane Fiscal 2022 Second Quarter
Argus Research analyst David Coleman maintains Suburban Propane Partners (NYSE:SPH) with a Buy and raises the price target from $24 to $25.
Suburban Propane Partners (NYSE:SPH) reported quarterly earnings of $1.63 per share which missed the analyst consensus estimate of $1.89 by 13.76 percent. The company reported quarterly sales of $498.09 million which missed the analyst consensus estimate of $511.00 million by 2.53 percent. This is a 5.40 percent decrease over sales of $526.50 million the same period last year.
By the end of today, February 13, 2024, Suburban Propane Partners (NYSE:SPH) is set to deliver a dividend payout of $0.33 per share, equating to an annualized dividend yield of 7.02%. Shareholders who owned the stock prior to the ex-dividend date on February 05, 2024 will receive this payout. Suburban Propane Partners Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff; text-align: left;
Suburban Propane Partners (NYSE:SPH) reported quarterly earnings of $0.38 per share which missed the analyst consensus estimate of $0.63 by 39.68 percent. This is a 46.48 percent decrease over earnings of $0.71 per share from the same period last year. The company reported quarterly sales of $365.83 million which beat the analyst consensus estimate of $365.00 million by 0.23 percent. This is a 7.96 percent decrease over sales of $397.47 million the same period last year.
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Suburban Propane Partners (NYSE:SPH) is set to give its latest quarterly earnings report on Thursday, 2024-02-08. Here's what investors need to know before the announcement. Analysts estimate that Suburban Propane Partners will report an earnings per share (EPS) of $0.63. Suburban Propane Partners bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company beat EPS by $0.12, which was follo
Mizuho analyst Gabriel Moreen downgrades Suburban Propane Partners (NYSE:SPH) from Neutral to Underperform and raises the price target from $16 to $17.
What Defines a Value Stock? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. Benzinga Insights has compiled a list of value stocks in the utilities sector that may be worth watching: Hawaiian Electric Indus (NYSE:HE) - P/E: 7.06 TransAlta (NYSE:TAC) - P/E: 4.69 OPAL Fuels (NASDAQ:OPAL) - P/E: 6.53 Brookfield Renewable (NYSE:BEPC) - P/E: 3.29 Suburban Propane Partners (NYSE:SPH) - P/E: 9.69 Hawaiian Electric Indus has reported Q3 earnings per share at $0.56, which has increased by
What are Value Stocks? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. The following stocks are considered to be notable value stocks in the utilities sector: Enel Chile (NYSE:ENIC) - P/E: 2.61 Brookfield Renewable (NYSE:BEPC) - P/E: 3.29 Hawaiian Electric Indus (NYSE:HE) - P/E: 7.04 Suburban Propane Partners (NYSE:SPH) - P/E: 9.67 TransAlta (NYSE:TAC) - P/E: 4.85 This quarter, Enel Chile experienced an increase in earnings per share, which was $0.1 in Q2 and is now $0.14. Most r