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. reports news around its role as a publicly traded master limited partnership that distributes propane, renewable propane, renewable natural gas, fuel oil and related energy products and services. The partnership also markets natural gas and electricity and develops low-carbon fuel alternatives through its renewable energy platform.
Recurring updates include quarterly financial results, propane volume and margin commentary, commodity-price effects, derivative mark-to-market adjustments and Adjusted EBITDA measures. News also covers common-unit distribution declarations, financing actions involving credit facilities, senior notes and at-the-market equity issuance, acquisitions of propane businesses, renewable energy leadership and commercial partnerships such as its NASCAR fueling and race operations relationship.
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Suburban Propane Partners (NYSE: SPH) announced on April 24, 2023 that its Board of Supervisors approved an expansion from seven to nine members, electing Amy M. Adams and Rommel M. Oates effective May 5, 2023. Both directors will serve until the next Tri-Annual Meeting of Unitholders in May 2024. Ms. Adams, with extensive experience in emerging energy solutions and previously at Cummins Inc., brings a focus on zero emissions and hydrogen technologies. Mr. Oates has over two decades in hydrogen market development and leads companies in energy and technology. Chairman Matthew J. Chanin expressed confidence that their expertise will bolster the Partnership’s investment in renewable energy solutions.
Suburban Propane Partners, L.P. (NYSE: SPH) announced a quarterly distribution of $0.325 per Common Unit for the quarter ended March 25, 2023. This distribution translates to an annualized rate of $1.30 per Common Unit, payable on May 9, 2023, to Common Unitholders of record as of May 2, 2023.
The press release also specified that all distributions to foreign investors are subject to federal income tax withholding at the highest rate. Suburban Propane has been providing propane and related energy products since 1928, serving about 1 million customers across the U.S. from approximately 700 locations.
Suburban Propane Partners, L.P. (NYSE: SPH) announced its Fiscal 2023 Second Quarter Results Conference Call scheduled for May 4, 2023, at 9:00 AM Eastern Time. The call will cover the company's financial performance and business outlook for the quarter. Interested participants can join via the internet or by phone, with a replay available from 12:00 PM ET on May 4 until 11:55 PM ET on May 11. Suburban Propane, headquartered in Whippany, New Jersey, offers propane and renewable fuel products to approximately 1 million customers across 42 states. The company’s 95-year legacy emphasizes dependability and community engagement.
Suburban Propane Partners, L.P. (NYSE: SPH) sponsored the Washington Capitals' Go Green Night on March 17, 2023. This initiative showcased Suburban's commitment to clean energy through the use of propane for the Capitals' ice resurfacer. The event featured green-themed activities and a charity auction of signed jerseys, benefiting local organizations. Spokesperson Nandini Sankara emphasized the partnership's role in promoting the 'Go Green with Suburban Propane' initiative, aimed at highlighting the benefits of renewable propane. Suburban Propane continues to serve approximately 1 million customers across 42 states through its dedication to renewable energy solutions.
On March 9, 2023, Suburban Propane Partners, L.P. (NYSE: SPH) teamed up with the American Red Cross to organize a blood drive in Boston, aiming to raise awareness and encourage donations for patients with sickle cell disease. Former Boston Police Commissioner Willie Gross supported the initiative, highlighting its significance in educating the community. Donors received first aid kits and entered for a chance to win Celtics tickets. This event is part of SuburbanCares, the company's initiative focused on community support nationwide, including charitable efforts in underserved areas.