AMLP: Boring, But With Plenty Of Upside Risk [Seeking Alpha]
Suburban Propane Partners, L.P. (SPH)
Last suburban propane partners, l.p. earnings: 2/6 07:30 am
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US:NYSE Investor Relations:
investor.suburbanpropane.com/investor-overview
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Source: Seeking Alpha
The ETF has had a rocky performance but has seen significant gains in the last 3 years driven by oil & gas market normalization post-pandemic shutdowns. A decline to a 3% US Treasury yield could drive stock holdings up 17%. A 7% dividend yields is well funded with a 54% cashflow coverage ratio. Summary I was searching for interest-rate sensitive sectors that can benefit from a decline in Fed rates i.e. the risk-free rate. The idea was to find a resilient business model focused on cash flow generation and distribution via dividends. The logic is that when or if benchmark rates decline then the yield of these assets would also need to fall via price increases, much as the inverse relation of bond prices to yields. To this end, I analyzed the midstream Alerian MLP ETF ( NYSEARCA: AMLP ) and found a solid rate proxy. Performance The ETF has had a rocky performance since inception in 2010 providing a total return of 40%. However, in the last 3yrs, it is up over 90% driven by o
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News
- Suburban Propane Partners, L.P. Declares Quarterly Distribution of $0.325 per Common UnitPR Newswire
- Suburban Propane Partners, L.P. to Hold Fiscal 2024 Second Quarter Results Conference CallPR Newswire
- Oberon Fuels and Sunvapor Commission Solar Steam Project with First Purchase Agreement in the US [Yahoo! Finance]Yahoo! Finance
- Suburban Propane Supports Anaheim Ducks' Green Night on April 9th with Donation to Anaheim Ducks Foundation [Yahoo! Finance]Yahoo! Finance
- Suburban Propane Supports Anaheim Ducks' Green Night on April 9th with Donation to Anaheim Ducks FoundationPR Newswire
SPH
Sec Filings
- 4/25/24 - Form 8-K
- 4/24/24 - Form 8-K
- 3/25/24 - Form ARS
- SPH's page on the SEC website