Suburban Propane Partners Stock Price, News & Analysis

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.