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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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Suburban Propane Partners L P's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Suburban Propane Partners L P's position in the market.

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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. 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. (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 Partners with Anaheim Ducks and Honda Center to Promote Clean Energy
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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 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. (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 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 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. (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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Suburban Propane Partners L P

NYSE:SPH

SPH Rankings

SPH Stock Data

1.29B
61.70M
2.3%
31.89%
3.03%
Natural Gas Distribution
Utilities
Link
United States of America
WIPPANY

About SPH

suburban is a nationwide marketer and distributor of a diverse array of products to meet the energy needs of our customers, specializing in propane, fuel oil and refined fuels, as well as the marketing of natural gas and electricity in deregulated markets. in the residential and commercial markets, propane is used primarily for space heating, water heating, clothes drying and cooking. industrial customers use propane generally as a motor fuel to power over-the-road vehicles, forklifts and stationary engines, to fire furnaces, as a cutting gas and in other process applications. in the agricultural market, propane is primarily used for tobacco curing, crop drying, poultry brooding and weed control. propane is clean burning and, when consumed, produces only negligible amounts of pollutants, that's why propane is the safe, “go anywhere, do anything” green energy source for all seasons. suburban propane partners also sells, installs, and services various whole-house heating products, air cl