Last $44.14 USD
Change Today -0.36 / -0.81%
Volume 125.5K
SPH On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

suburban propane partners lp (SPH) Snapshot

Open
$44.49
Previous Close
$44.50
Day High
$44.50
Day Low
$43.78
52 Week High
06/20/14 - $48.61
52 Week Low
03/21/14 - $39.91
Market Cap
2.7B
Average Volume 10 Days
113.0K
EPS TTM
$1.64
Shares Outstanding
60.5M
EX-Date
01/30/15
P/E TM
26.9x
Dividend
$3.50
Dividend Yield
7.93%
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. and Suburban Energy Finance Corp. Announce Settlement of $250,000,000 Issuance of 5.750% Senior Notes Due 2025

Suburban Propane Partners, L.P. and Suburban Energy Finance Corp. announced that, effective February 25, 2015, $250,000,000 aggregate principal amount of Suburban's 5.750% senior notes due 2025 were issued under an indenture for senior debt securities, dated as of May 27, 2014, as supplemented by the second supplemental indenture, dated as of February 25, 2015, with The Bank of New York Mellon, as trustee. In addition, pursuant to the previously announced offer of Suburban to purchase any and all of the $250,000,000 aggregate principal amount of their outstanding 7-3/8 % Senior Notes due 2020 with CUSIP number 864486AC9 and related solicitation of consents to certain proposed amendments to the indenture governing the 2020 Notes (the Consents), $225,092,000 (90.04%) aggregate principal amount of 2020 Notes (and related Consents), which were validly tendered and not validly withdrawn as of 5:00 p.m., New York City time, on February 24, 2015 received payment on February 25, 2015 in accordance with the terms of the Offer (the Initial Payment Date). The Offer will expire at 11:59 P.M., New York City time, on March 10, 2015, unless extended (such date and time, as the same may be extended, the Expiration Date). Holders who validly tender their 2020 Notes after the Consent Payment Deadline, but on or prior to the Expiration Date will be entitled to receive $1,011.68 for each $1,000 principal amount of 2020 Notes accepted for purchase, which amount is equal to the total consideration less the consent payment. Accrued and unpaid interest, up to, but not including, the applicable settlement date will be paid in cash on all validly tendered and accepted 2020 Notes. The settlement date with respect to all tendered and accepted 2020 Notes not settled at the Initial Payment Date is expected to be March 11, 2015, or promptly thereafter. Effective as of February 25, 2015, Suburban has satisfied and discharged the indenture governing the 2020 Notes in accordance with its terms. In connection with such satisfaction and discharge, Suburban has deposited sufficient funds with the Trustee to redeem, on March 15, 2015, any and all of the 2020 Notes that were not tendered and validly accepted prior to the Expiration Date or that were tendered and validly withdrawn prior to the Expiration Date. The redemption price for the 2020 Notes will be 103.688% of the principal amount thereof, plus any accrued and unpaid interest up to, but not including, the date of redemption. The notice of redemption will be sent to registered holders of the 2020 Notes on or about March 11, 2015. 2020 Notes are to be surrendered to The Bank of New York Mellon, as trustee and paying agent, in exchange for payment of the redemption price. Net proceeds received by Suburban from the offering of the 2025 Notes, together with cash on hand, will be applied to payments in respect of the Offer and to the satisfaction and discharge of the 2020 Notes.

Suburban Energy Finance Corp. and Suburban Propane Commence a Cash Tender Offer for Any and All of the $250,000,000 Aggregate Principal Amount of Their 7-3/8 % Senior Notes Due 2020

Suburban Propane Partners, L.P. announced that Suburban Energy Finance Corp. and Suburban Propane have commenced a cash tender offer for any and all of the $250,000,000 aggregate principal amount of their 7-3/8 % Senior Notes due 2020 with CUSIP number 864486AC9 and a related solicitation of consents to certain proposed amendments to the indenture governing the Notes. The Offer will expire at 11:59 P.M., New York City time, on March 10, 2015, unless extended. Holders who validly tender their Notes and provide their Consents prior to 5:00 p.m., New York City time, on February 24, 2015, unless such date is extended or earlier terminated, will be entitled to receive the total consideration of $1,041.68, payable in cash for each $1,000 principal amount of Notes accepted for payment, which includes a consent payment of $30.00 per $1,000 principal amount of Notes accepted for payment. The Offer contemplates an early settlement option, so that holders whose Notes are validly tendered prior to the Consent Payment Deadline and accepted for purchase could receive payment as early as February 25, 2015. Holders who validly tender their Notes after the Consent Payment Deadline, but on or prior to the Expiration Date will receive $1,011.68 for each $1,000 principal amount of Notes accepted for purchase, which amount is equal to the total consideration less the consent payment. Accrued and unpaid interest, up to, but not including, the applicable settlement date will be paid in cash on all validly tendered and accepted Notes. The settlement date with respect to all Notes not settled at the Initial Settlement Date is expected to be March 11, 2015, or promptly thereafter.

Suburban Propane Partners, L.P. Announces Unaudited Consolidated Earnings for the First Quarter Ended December 27, 2014

Suburban Propane Partners, L.P. announced unaudited consolidated earnings for the first quarter ended December 27, 2014. For the quarter, the company reported revenues of $422,944,000 compared to $526,056,000 a year ago. Operating income was $75,968,000 compared to $80,055,000 a year ago. Income before provision for income taxes was $55,969,000 compared to $58,848,000 a year ago. Net income was $55,807,000 compared to $58,671,000 a year ago. Net income per common unit — basic and diluted was $0.92 compared to $0.97 a year ago. EBITDA was $108,597,000 compared to $114,882,000 a year ago. Adjusted EBITDA was $101,005,000 compared to $117,708,000 a year ago. Maintenance capital expenditures were $3,611,000 compared to $5,035,000 a year ago. Adjusted EBITDA was $101,005,000 compared to $117,708,000 a year ago.

 

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SPH

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Valuation SPH Industry Range
Price/Earnings 29.5x
Price/Sales 1.5x
Price/Book 2.6x
Price/Cash Flow 11.9x
TEV/Sales 0.8x
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