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Last $40.59 USD
Change Today +0.28 / 0.69%
Volume 118.8K
As of 8:04 PM 07/6/15 All times are local (Market data is delayed by at least 15 minutes).

suburban propane partners lp (SPH) Snapshot

Open
$40.00
Previous Close
$40.31
Day High
$40.59
Day Low
$40.00
52 Week High
10/23/14 - $46.05
52 Week Low
06/30/15 - $39.42
Market Cap
2.5B
Average Volume 10 Days
152.6K
EPS TTM
$1.66
Shares Outstanding
60.5M
EX-Date
05/1/15
P/E TM
24.5x
Dividend
$3.55
Dividend Yield
8.65%
Current Stock Chart for SUBURBAN PROPANE PARTNERS LP (SPH)

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suburban propane partners lp (SPH) Details

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, fuel oil, and refined fuels. Its Propane segment is involved in the retail distribution of propane to residential, commercial, industrial, and agricultural customers, as well as in the wholesale distribution to industrial end users. This segment offers propane primarily for space heating, water heating, cooking, and clothes drying in the residential and commercial markets; for use as a motor fuel in internal combustion engines to power over-the-road vehicles, forklifts, and stationary engines, as well as to fire furnaces and as a cutting gas to the industrial customers; and for tobacco curing, crop drying, poultry brooding, and weed control in the agricultural markets. The company’s Fuel Oil and Refined Fuels segment engages in the retail distribution of fuel oil, diesel, kerosene, and gasoline to residential and commercial customers for use primarily as a source of heat in homes and buildings. Its Natural Gas and Electricity segment markets natural gas and electricity to residential and commercial customers in the deregulated energy markets in New York and Pennsylvania. The company also sells, installs, and services a range of home comfort equipment, including whole-house heating products, air cleaners, humidifiers, and space heaters. As of September 27, 2014, it served approximately 1.2 million residential, commercial, industrial, and agricultural customers through 710 locations in 41 states primarily in the east and west coast regions of the United States, including Alaska. Suburban Energy Services Group LLC serves as a general partner of Suburban Propane Partners, L.P. The company was founded in 1945 and is based in Whippany, New Jersey.

3,796 Employees
Last Reported Date: 11/26/14
Founded in 1945

suburban propane partners lp (SPH) Top Compensated Officers

Chief Executive Officer, President and Member...
Total Annual Compensation: $362.5K
Chief Financial Officer and Chief Accounting ...
Total Annual Compensation: $252.5K
Chief Operating Officer
Total Annual Compensation: $302.5K
Senior Vice President of Field Operations
Total Annual Compensation: $302.5K
Senior Vice President of Product Supply, Purc...
Total Annual Compensation: $285.0K
Compensation as of Fiscal Year 2014.

suburban propane partners lp (SPH) Key Developments

Suburban Propane Partners, L.P. Reports Unaudited Consolidated Earnings and Operating Results for the Second Quarter and Six Months Ended March 28, 2015

Suburban Propane Partners, L.P. reported unaudited consolidated earnings and operating results for the second quarter and six months ended March 28, 2015. For the quarter, the company reported net income of $136,634,000 or $2.26 per basic share and $2.24 per diluted share on revenues of $599,389,000 against net income of $149,547,000 or $2.47 per basic share and $2.46 per diluted share on revenues of $873,772,000 a year ago. Income before provision for income taxes of $136,808,000 compared to $149,818,000 a year ago. Operating income of $171,591,000 compared to $171,044,000 a year ago. EBITDA were $189,748,000 and adjusted EBITDA of $214,316,000 against EBITDA of $204,326,000 and adjusted EBITDA of $206,269,000 a year ago. Total capital spending for the second quarter of fiscal 2015 amounted to $12 million compared to $5 million in the prior year second quarter. The increase in capital expenditures was primarily attributable to upgrades of information systems, tank purchases for new customers and rebranding efforts associated with integration. Capital spending during the quarter includes maintenance capital. Maintenance capital expenditures were $5,235,000 compared to $2,770,000 a year ago. Excluding the impact of unrealized non-cash mark-to-market adjustments on derivative instruments used in risk management activities, which resulted in unrealized loss of $7.4 million in the second quarter of fiscal 2015 compared to unrealized gain of $300,000 in the prior year second quarter. Adjusted net income totaled $161.2 million or $2.66 per common unit for the second quarter of fiscal 2015 compared to adjusted net income of $151.5 million or $2.51 per common unit in the prior year second quarter. For the six months, the company reported net income of $192,441,000 or $3.18 per basic share and $3.16 per diluted share on revenues of $1,022,333,000 against net income of $208,218,000 or $3.45 per basic share and $3.43 per diluted share on revenues of $1,399,828,000 a year ago. Income before provision for income taxes of $192,777,000 compared to $208,666,000 a year ago. Operating income of $247,559,000 compared to $251,099,000 a year ago. EBITDA were $298,345,000 and adjusted EBITDA of $315,321,000 against EBITDA of $319,208,000 and adjusted EBITDA of $323,977,000 a year ago. Maintenance capital expenditures were $8,846,000 compared to $7,805,000 a year ago. Retail propane gallons sold in the second quarter of fiscal 2015 decreased 14 million gallons or 6.6% to 199.7 million gallons from 213.7 million gallons in the prior year second quarter. Sales of fuel oil and other refined fuels decreased 2.7 million gallons to 19.9 million gallons compared to 22.6 million gallons in the prior year second quarter. In the commodity markets, propane prices were somewhat volatile during the second quarter of fiscal 2015, with posted prices, basis Mont Belvieu, reaching a high of $0.62 per gallon and low of $0.45 per gallon, representing an inter-quarter swing of 37%. While posted prices at the end of March 2015 were relatively flat compared to posted prices at the end of December 2014. Average propane prices for the second quarter of fiscal 2015 were 30.7% lower than the first quarter of fiscal 2015. For the six months, the company reported retail propane gallons sold was 334.22 million against 371.55 million a year ago. Refined fuels sold was 31.16 million gallons against 324 million gallons a year ago.

Suburban Propane Partners, L.P., Q2 2015 Earnings Call, May 07, 2015

Suburban Propane Partners, L.P., Q2 2015 Earnings Call, May 07, 2015

Suburban Propane Partners, L.P. Declares Quarterly Distribution for the Three Months Ended March 28, 2015, Payable on May 12, 2015

Suburban Propane Partners, L.P. announced that its Board of Supervisors declared the 30th increase (since the Partnership's recapitalization in 1999) in the Partnership's quarterly distribution from $0.8750 to $0.8875 per common unit for the three months ended March 28, 2015. This increased quarterly distribution rate equates to an annualized rate of $3.55 per common unit. The distribution at this increased rate is payable on May 12, 2015 to common unit holders of record as of May 5, 2015.

 

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Industry Analysis

SPH

Industry Average

Valuation SPH Industry Range
Price/Earnings 31.2x
Price/Sales 1.6x
Price/Book 2.2x
Price/Cash Flow 11.5x
TEV/Sales 0.7x
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