Suburban Propane Partners Stock Price, News & Analysis

Suburban Propane Partners, L.P. (NYSE: SPH) has joined forces with Warren County Habitat for Humanity as a Framer Sponsor, volunteering at a new construction site. The company's employees actively supported the local build site, with Assemblyman John DiMaio (NJ District 23) also in attendance. This initiative is part of SuburbanCares' commitment to supporting community efforts across the United States.

Brittany Powelson, Volunteer Services and Public Relations Manager at Warren County Habitat for Humanity, expressed gratitude for Suburban Propane's support, both through their donation and on-site assistance. Nandini Sankara, Spokesperson for Suburban Propane, emphasized that this volunteering effort represents more than giving back; it's an opportunity to foster hope and enhance lives within the community.

Suburban Propane, headquartered in Whippany, New Jersey, is a nationwide distributor of propane, renewable propane, renewable natural gas, and related products and services. The company serves approximately 1 million customers through 700 locations across 42 states.

Suburban Propane Partners, L.P. (NYSE: SPH) collaborated with Sharing House in Brevard, North Carolina on September 5th, 2024. Volunteers from Suburban Propane helped sort and organize donations, clean storage areas, and perform light landscaping. The company also made a financial contribution to Sharing House's emergency heating assistance program, which supports nearly 1,000 low-income households each winter.

This initiative is part of SuburbanCares, the company's community outreach program, which has undertaken charitable efforts in numerous communities across the United States. Sharing House, a faith-based cooperative organization, has been serving Transylvania County for over 42 years, providing essential services to under-resourced residents in a region where 45% struggle with unaffordable rent and 35% are considered low-income.

Suburban Renewable Energy, , a subsidiary of Suburban Propane Partners, L.P. (NYSE: SPH), has announced its sponsorship of the Horizon Hydrogen Grand Prix (H2GP) in Anaheim, California from September 9-12, 2024. The event, held during the RE+ tradeshow, showcases students aged 13-17 racing 1:10 scale hydrogen fuel cell model cars they've designed and built. Suburban Renewables will also participate in the 'Corporate Race', defending its 2023 fastest lap title.

The sponsorship aligns with Suburban Propane's commitment to investing in the hydrogen industry's future and advancing renewable energy education. The company will host a booth at the event, showcasing its renewable energy initiatives. The H2GP also marks the launch of the H2GP Foundation, a non-profit supporting hydrogen technology education and research.

Suburban Propane Partners (NYSE: SPH) reported a net loss of $17.2 million, or $0.27 per Common Unit, for Q3 fiscal 2024, compared to a net loss of $5.3 million in Q3 fiscal 2023. Adjusted EBITDA decreased to $27.0 million from $33.0 million year-over-year. The company faced challenges due to unseasonably warm temperatures, resulting in an 8.6% decrease in retail propane gallons sold. Despite this, SPH completed two propane acquisitions in Nevada and Florida, investing over $12.0 million, while reducing debt by $10.5 million. The company's RNG operations saw operational improvements, increasing feedstocks processed and daily RNG injection at the Stanfield facility. SPH maintained its quarterly distribution of $0.325 per Common Unit.

Suburban Propane Partners (NYSE:SPH) has declared a quarterly distribution of $0.325 per Common Unit for the three months ended June 29, 2024. This 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.

Suburban Propane is a publicly traded master partnership listed on the NYSE. It's a nationwide distributor of propane, renewable propane, renewable natural gas, and related products, serving approximately 1 million customers through 700 locations across 42 states. The company focuses on customer service, community involvement, and promoting propane as a clean energy source.

Suburban Propane Partners (NYSE:SPH) has scheduled its Fiscal 2024 Third Quarter Results Conference Call for Thursday, August 8, 2024, at 9:00 AM Eastern Time. Interested parties can access the call via the company's website or by phone. A replay will be available until August 15, 2024.

Suburban Propane, headquartered in Whippany, New Jersey, is a nationwide distributor of propane, renewable energy, and related products and services. The company serves approximately 1 million customers across 42 states through 700 locations. Suburban Propane focuses on customer service, community involvement, and promoting propane as a clean energy solution.

Suburban Renewable Energy, a subsidiary of Suburban Propane Partners, L.P. (NYSE: SPH), has been named a finalist in the Reuters Global Energy Transition Awards 2024. Recognized in the Portfolio Transformation category, the award highlights significant portfolio evolution and a shift towards clean energy. Suburban Propane’s move to form Suburban Renewables in 2022 is a key part of its strategy to diversify its portfolio with renewable propane, rDME, hydrogen, and RNG. The Reuters Global Energy Transition Conference will take place in New York from June 25-27. The company aims to reduce its reliance on conventional energy sources and lead the way in renewable energy.

Spokesperson Nandini Sankara emphasized the company's commitment to the renewable energy future. Suburban Propane serves approximately one million customers across 42 states with various energy needs, including renewable energy solutions. The company also prioritizes community engagement and green initiatives through its Suburban Commitment, SuburbanCares, and Go Green with Suburban Propane pillars. For more details, visit Suburban Propane's website or the Reuters event page.

Suburban Propane Partners, L.P. (NYSE: SPH) has been nominated as one of the '2024 Top Companies for Women to Work in Transportation' by the Women in Trucking Association. This recognition highlights Suburban Propane's commitment to gender diversity and inclusive workplace practices. The company employs approximately 1,180 women, nearly one-third of its workforce, across 42 states. Suburban Propane offers competitive compensation, comprehensive benefits, and promotes work-life balance by ensuring schedules that allow drivers to return home nightly. This nomination underscores the company's efforts to support women's progress in the transportation industry, a historically male-dominated field.

Suburban Propane Partners (NYSE: SPH) marked World Caring Day and World LPG Day on June 7, 2024, with various community and environmental initiatives nationwide. Employees volunteered at multiple organizations, including the Lincolnville Museum & Cultural Center in Florida, the American Red Cross in California, and Keep Austin Fed in Texas. Suburban Propane also engaged in environmental clean-up efforts in locations like Brevard, North Carolina, and Detroit, Michigan, through its 'Go Green with Suburban Propane' program. These actions highlight the company's commitment to community service and sustainable energy solutions, involving over 60 employees and their families.