Last $45.03 USD
Change Today -0.18 / -0.40%
Volume 167.3K
SPH On Other Exchanges
Symbol
Exchange
Frankfurt
As of 6:40 PM 07/22/14 All times are local (Market data is delayed by at least 15 minutes).

suburban propane partners lp (SPH) Snapshot

Open
$45.06
Previous Close
$45.21
Day High
$45.49
Day Low
$44.85
52 Week High
07/30/13 - $49.50
52 Week Low
03/21/14 - $39.91
Market Cap
2.7B
Average Volume 10 Days
135.0K
EPS TTM
$1.77
Shares Outstanding
60.3M
EX-Date
05/2/14
P/E TM
25.5x
Dividend
$3.50
Dividend Yield
7.77%
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, is engaged 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 is involved 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, hearth products, and space heaters. As of November 14, 2013, it served approximately 1.2 million residential, commercial, industrial, and agricultural customers 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 headquartered in Whippany, New Jersey.

3,933 Employees
Last Reported Date: 11/27/13
Founded in 1945

suburban propane partners lp (SPH) Top Compensated Officers

Chief Executive Officer and Member of Supervi...
Total Annual Compensation: $495.0K
President
Total Annual Compensation: $300.0K
Chief Operating Officer
Total Annual Compensation: $280.0K
Senior Vice President of Field Operations
Total Annual Compensation: $290.0K
Senior Vice President of Product Supply, Purc...
Total Annual Compensation: $270.0K
Compensation as of Fiscal Year 2013.

suburban propane partners lp (SPH) Key Developments

Suburban Propane Partners, L.P and Suburban Energy Finance Corp. Announce Receipt of Requisite Consents and Execution of Supplemental Indenture

Suburban Propane Partners, L.P. announced that pursuant to the offer of Suburban Energy Finance Corp. and Suburban Propane to purchase any and all of the $496.6 million aggregate principal amount of their outstanding 7.5% Senior Notes due 2018 with CUSIP number 864486AE5 and related solicitation of consents to certain proposed amendments to the indenture (Amendments) governing the Notes, the holders of $385,809,000 (77.70%) aggregate principal amount of Notes have validly delivered and not validly revoked Consents as of 5:00 p.m., New York City time, on May 23, 2014. Accordingly, a supplemental indenture to effect the Amendments has been executed by Suburban and the trustee under the Indenture. The Amendments, which will eliminate substantially all of the restrictive covenants and eliminate or modify certain events of default and related provisions contained in the Indenture, in each case in respect of the Notes (but not in respect of the Suburban's 7 3/8% Senior Notes due 2021), will become operative when the tendered Notes are accepted for purchase by Suburban. Withdrawal and revocation rights with respect to tendered Notes and delivered Consents expired on May 23, 2014, the date of the execution of the Supplemental Indenture. Accordingly, holders may no longer withdraw any Notes previously or hereafter tendered or revoke any Consents previously or hereafter delivered, except in the limited circumstances in the Offer to Purchase and Consent Solicitation Statement dated May 12, 2014. The Offer will expire at 11:59 P.M., New York City time, on June 9, 2014, unless extended. Holders who validly tender their Notes and provide their Consents prior to 5:00 p.m., New York City time, on May 23, 2014, unless such date is extended or earlier terminated, will be entitled to receive the total consideration of $1,061.35, 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 May 27, 2014. Holders who validly tender their Notes after the Consent Payment Deadline, but on or prior to the Expiration Date, will receive $1,031.35 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 Payment Date is expected to be June 10, 2014, or promptly thereafter.

Suburban Propane Partners Seeks Acquisitions

Suburban Propane Partners, L.P. (NYSE:SPH) completed a fixed-income offering in the amount of $525 million. Suburban Propane Partners will use net proceeds from the sale of securities for general partnership purposes, which may include working capital needs, repayment of indebtedness, capital expenditures and acquisitions.

Suburban Propane Partners, L.P. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended March 29, 2014

Suburban Propane Partners, L.P. announced unaudited consolidated earnings results for the second quarter and six months ended March 29, 2014. For the second quarter of fiscal 2014, net income was $149.5 million, or $2.46 per diluted share, compared to net income of $129.5 million, or $2.25 per diluted share, in the prior year second quarter. Earnings before interest, taxes, depreciation and amortization for the second quarter of fiscal 2014 amounted to $204.3 million, compared to $185.3 million in the prior year second quarter. Revenues of $873.8 million increased $195.3 million, or 28.8%, compared to the prior year second quarter of $678.426 million, primarily due to higher retail selling prices associated with significantly higher wholesale product costs and, to a lesser extent, an increase in retail propane volumes sold. Operating income was $171,044,000, compared to $153,977,000 for the last year. Income before provision for income taxes was $149,818,000, compared to $129,634,000 for the last year. Adjusted EBITDA was $206,269,000, compared to $190,668,000 for the last year. Maintenance capital expenditure was $2,770,000, compared to $2,404,000 for the last year. Growth capital expenditure was $2,263,000, compared to $3,729,000 for the last year. Net cash provided by operating activities was $16,226,000, compared to $72,426,000 for the last year. For the six months, revenue was $1,399,828,000, compared to $1,169,129,000 for the last year. Net income was $208,218,000 or $3.43 per diluted share, compared to $187,104,000 or $3.26 per diluted share for the last year. Operating income was $251,099,000, compared to $236,285,000 for the last year. Income before provision for income taxes was $208,666,000, compared to $187,386,000 for the last year. Adjusted EBITDA was $323,977,000, compared to $308,141,000 for the last year. Maintenance capital expenditure was $7,805,000, compared to $3,838,000 for the last year. Growth capital expenditure was $6,552,000, compared to $9,056,000 for the last year. Net cash provided by operating activities was $20,387,000, compared to $133,963,000 for the last year.

 

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Price/Earnings 27.3x
Price/Sales 1.4x
Price/Book 2.2x
Price/Cash Flow 11.5x
TEV/Sales 0.7x
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