Last $28.04 USD
Change Today -0.37 / -1.30%
Volume 172.7K
STON On Other Exchanges
Symbol
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As of 8:04 PM 01/28/15 All times are local (Market data is delayed by at least 15 minutes).

stonemor partners lp (STON) Snapshot

Open
$28.42
Previous Close
$28.41
Day High
$28.42
Day Low
$27.91
52 Week High
01/27/15 - $28.48
52 Week Low
03/14/14 - $21.75
Market Cap
816.9M
Average Volume 10 Days
183.1K
EPS TTM
$-0.25
Shares Outstanding
29.1M
EX-Date
02/3/15
P/E TM
--
Dividend
$2.52
Dividend Yield
8.68%
Current Stock Chart for STONEMOR PARTNERS LP (STON)

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stonemor partners lp (STON) Details

StoneMor Partners L.P., together with its subsidiaries, owns and operates cemeteries in the United States. It operates through Cemetery Operations—Southeast, Cemetery Operations—Northeast, Cemetery Operations—West, and Funeral Homes segments. The company’s cemetery products and services include interment rights, such as burial lots, lawn crypts, mausoleum crypts, cremation niches, and perpetual care rights; merchandise comprising burial vaults, caskets, grave markers and grave marker bases, and memorials; and installation services for burial vaults, caskets, and other cemetery merchandise, as well as other service items. It also provides receptacles for cremated remains, including urns, and the inurnment of cremated remains in niches or scattering gardens; and funeral home services, such as consultation, the removal and preparation of remains, and the use of funeral home facilities for visitation and prayer services. As of May 14, 2014, the company operated 278 cemeteries and 90 funeral homes in 28 states and Puerto Rico. StoneMor GP LLC serves as the general partner of StoneMor Partners L.P. The company was founded in 1999 and is based in Levittown, Pennsylvania.

Founded in 1999

stonemor partners lp (STON) Top Compensated Officers

Chairman of StoneMor GP LLC, Chief Executive ...
Total Annual Compensation: $953.1K
Chief Financial Officer of Stonemor GP LLC an...
Total Annual Compensation: $439.3K
Chief Operating Officer of Stonemor GP LLC
Total Annual Compensation: $56.5K
Compensation as of Fiscal Year 2013.

stonemor partners lp (STON) Key Developments

StoneMor Partners L.P. Announces Increased Distribution for 2014 Fourth Quarter, Payable on February 16, 2015

StoneMor Partners L.P. announced an increase of its cash distribution to $0.63 per unit from $0.62 per unit. The distribution is payable on February 16, 2015 to common unit holders of record as of the close of business on February 5, 2015.

StoneMor Partners L.P. Enters into Fourth Amended and Restated Credit Among Agreement

On December 19, 2014, StoneMor Partners L.P. entered into the fourth amended and restated credit among agreement StoneMor Operating LLC as a borrower, each of the subsidiaries of the operating company as additional borrowers, StoneMor GP LLC, the general partner of the partnership, and the partnership as guarantors, the lenders identified therein, and Bank of America, N.A., as administrative agent, swing line lender and L/C issuer. In addition, on the same date, the borrowers, the guarantors and Bank of America, N.A. entered into the second amended and restated security agreement and the second amended and restated pledge agreement. The new agreements replaced the partnership’s third amended and restated credit agreement, dated January 19, 2012, as amended, amended and restated security agreement, dated April 29, 2011, as amended, and amended and restated pledge agreement, dated April 29, 2011, as amended. The primary purposes of entering into the new agreements were to consolidate the amendments to the prior agreements into the new agreements, increase the aggregate principal amount of permitted borrowings under the credit agreement and modify the mechanics of the revolving credit facility to provide for acquisition draws and working capital draws. The credit agreement provides for a single revolving credit facility of $180 million maturing on December 19, 2019. Additionally the credit agreement provides for an uncommitted ability to increase the credit facility by an additional $70 million.

Stonemor Partners LP Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Stonemor Partners LP announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenues (GAAP) for the three months ended September 30, 2014 of $78.2 million compared to $61.5 million for the three months ended September 30, 2013, a 27% increase. Operating profits (GAAP) were $2.4 million for the three months ended September 30, 2014 compared to $0.7 million in the prior year period, an increase of $1.7 million. Adjusted operating profits (non-GAAP) were $14.2 million for the three-month period ended September 30, 2014, compared to $15.2 million in the same period last year, a decrease of $1.0 million, or 6.9%. This decline was attributable to the growth initiatives mentioned above and a one-time charge of approximately $1.0 million for a legal settlement. Operating cash flows (GAAP) decreased by $3.9 million to $16.5 million in the three month period ending September 30, 2014 from $20.4 million in the prior year period. The decline was largely due to timing issues inherent in its trusts and the additional expenses related to its growth strategy. Distributable free cash flow (non-GAAP) for the three-month period ended September 30, 2014 decreased to $12.1 million from $14.5 million for the same period last year. The decline was due to the same timing issues mentioned above. Net loss (GAAP) for the three months ended September 30, 2014 was $3.3 million, as compared to a net loss of $1.5 million in the prior-year period. Adjusted operating cash generated was $13,980,000 against $15,719,000 a year ago. Net loss before income taxes was $2,604,000 against $1,926,000 a year ago. Limited partners' interest in net loss for the period was $3,224,000 or $0.11 per basic and diluted share against $1,458,000 or $0.07 per basic and diluted share a year ago. Net cash provided by operating activities was $16,487,000 against $20,413,000 a year ago. Cash paid for cemetery property was $1,778,000 against $1,958,000 a year ago. Cash paid for property and equipment was $2,326,000 against $1,446,000 a year ago. For the nine months period, the company reported total revenue of $214,094,000 against $183,573,000 a year ago. Operating profit was $10,947,000 against $4,455,000 a year ago. Net loss before income taxes was $3,499,000 against $17,982,000 a year ago. Limited partners' interest in net loss for the period was $2,928,000 or $0.11 per basic and diluted share against $15,209,000 or $0.73 per basic and diluted share a year ago. Net cash provided by operating activities was $23,238,000 against $36,896,000 a year ago. Cash paid for cemetery property was $4,692,000 against $4,210,000 a year ago. Cash paid for property and equipment was $6,430,000 against $5,366,000 a year ago. Operating cash flows were $23,238,000 against $36,896,000 a year ago. Adjusted operating cash generated was $53,965,000 against $61,502,000 a year ago. Distributable free cash flow generated was $49,575,000 against $57,037,000 a year ago. Adjusted operating profit was $50,442,000 against $46,620,000 a year ago.

 

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Price/Book 3.5x
Price/Cash Flow 207.9x
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