Suburban Propane Partners Stock Price, News & Analysis

Suburban Propane Partners, L.P. (NYSE: SPH) announced a quarterly distribution of $0.325 per Common Unit for the period ending December 25, 2021. This equates to an annualized rate of $1.30. The distribution is set to be paid on February 8, 2022, to unitholders of record as of February 1, 2022. The press release also notes a withholding tax requirement for foreign partners under Section 1446 of the Internal Revenue Code.

Suburban Propane Partners, L.P. (NYSE:SPH) has announced a Fiscal 2022 First Quarter Results Conference Call scheduled for February 3, 2022, at 9:00 AM Eastern Time. Interested analysts and investors can join the call via the internet or by phone at (888) 317-6003, Access Code: 7528008. A replay will be available from 12:00 PM Eastern Time on the same day until February 10, 2022. The company, headquartered in Whippany, New Jersey, serves around 1 million customers nationwide with propane and renewable fuel products.

Suburban Propane Partners, L.P. (NYSE:SPH) filed its Annual Report on Form 10-K for the fiscal year ending September 25, 2021, with the SEC. The report is accessible via the company’s website, and hard copies can be requested by unitholders or noteholders. Suburban Propane, established in 1928, serves about 1 million customers nationwide through 700 locations across 41 states, providing propane, fuel oil, and renewable energy solutions.

Suburban Propane Partners (NYSE: SPH) announced a partnership with Happy Hats for Kids in Hospitals. This initiative will donate over 1,300 superhero hats and Hero Club Gift Packages to children facing serious illnesses across more than 65 local hospitals. The project reflects Suburban Propane's commitment to community service through its SuburbanCares initiative. The donation was made on November 17, with volunteers including Torrance Mayor Patrick Furey participating in the assembly of the gift packages.

Suburban Propane Partners, L.P. (NYSE: SPH) announced a collaboration with Operation Tiny Home and Cornerstone Design Build to support a combat-wounded veteran, Frederic Rosario, in purchasing a custom-built tiny home. The initiative, part of SuburbanCares, aims to combat housing insecurity for veterans. A Welcome Home Grant Awards Ceremony coincided with Veteran's Day, featuring notable attendees including state representatives. The tiny home will feature two bedrooms and be designed for storm resistance and comfort, underscoring Suburban Propane's commitment to community support and veteran empowerment.

Suburban Propane Partners, L.P. (NYSE:SPH) reported a strong fiscal 2021, with net income rising to $122.8 million ($1.96 per Common Unit) from $60.8 million ($0.98 per Common Unit) the previous year. Adjusted EBITDA increased 8.7% to $275.7 million, driven by higher volumes and unit margins. The company reduced debt by $88 million and raised its annual distribution rate by 8.3%. However, the fourth quarter saw a net loss of $16.4 million compared to a loss of $41.2 million in 2020. Retail gallons sold for the fourth quarter increased 1.8%, reflecting positive demand dynamics.

Suburban Propane Partners, L.P. (NYSE: SPH) has launched the Homesential Home Protection Program in New Jersey, allowing homeowners to customize coverage bundles without deductibles or fees. The program focuses on essential home systems like heating, air conditioning, and electrical, offering a simplified pricing structure. Additionally, Homesential is sponsoring Rutgers Athletics and has appointed alumnus Eric LeGrand as a brand ambassador. Homesential will donate $52 for every football turnover to Team LeGrand, supporting spinal cord injury awareness.

Suburban Propane Partners, L.P. (NYSE: SPH) announced a collaboration with Whittier Kid City in Boise, providing over 100 Robotics + STEM kits and new sports equipment to support after-school programs. This initiative, part of SuburbanCares, aims to enhance learning and physical activity for local students. The donation includes various STEM kits that cover coding, physics, chemistry, and biology, promoting both mental and physical development. Suburban Propane emphasizes community support through its charitable endeavors across underserved regions in the U.S.

Agway Energy Services, a subsidiary of Suburban Propane, has extended its partnership with the Pittsburgh Penguins for the 2022 season. With over 20 years of experience, Agway provides natural gas and electricity in Pennsylvania, Maryland, and New York. The renewal includes in-arena signage and live commercial reads during games. Agway's EnergyGuard™ program offers protection for heating and cooling systems for customers in Pennsylvania. New customers can sign up for a chance to win premium club tickets throughout the season.