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Suburban Propane Partners LP - SPH STOCK NEWS

Welcome to our dedicated news page for Suburban Propane Partners LP (Ticker: SPH), a resource for investors and traders seeking the latest updates and insights on Suburban Propane Partners LP.

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 LP'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 LP's position in the market.

News
Suburban Propane Supports Anaheim Ducks' Green Night on April 9th with Donation to Anaheim Ducks Foundation
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%
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none
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News
Suburban Propane Partners with Crayons to Classrooms to Support "Classroom Solutions" Program
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
partnership
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News
Suburban Propane and American Red Cross Partner with Sickle Cell Disease Association of Illinois to Boost Sickle Cell Awareness in Chicago
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%
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none
News
Suburban Propane Partners, L.P. Announces Refinancing of Revolving Credit Facility
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%
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none
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News
Suburban Propane Collaborates with Keep Austin Fed to Sustainably Support Austinites Experiencing Food Insecurity
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%
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none
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News
Suburban Propane Commemorates Black History Month with Reception Celebrating Dr. Charles R. Drew and Hosts Sickle Cell Blood Drive with the American Red Cross
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%
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none
News
Suburban Propane Partners, L.P. Announces First Quarter Results
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
earnings
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News
Suburban Propane and Historic Tours of America Unite to Support Lincolnville Museum and Cultural Center in Celebration of Black History Month
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%
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none
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News
Suburban Propane Partners, L.P. to Hold 2024 Tri-Annual Meeting
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
none
News
Suburban Propane Partners, L.P. Declares Quarterly Distribution of $0.325 per Common Unit
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%
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none
Stock SPH logo
Suburban Propane Partners LP

NYSE:SPH

SPH Rankings

#2250 Ranked by Market Cap
N/A Ranked by Stock Gains
#412 Ranked by Dividends

SPH Stock Data

1.23B
61.70M
2.3%
31.89%
3.03%
Natural Gas Distribution
Utilities
Link
US
Whippany

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