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Stock impact report

Suburban Propane Partners, L.P. Announces First Quarter Results

Suburban Propane Partners, LP (SPH)  More Company Research Source: PR Newswire
Last suburban propane partners, lp earnings: 5/9 07:30 am Check Earnings Report
PDF WHIPPANY, N.J., Feb. 7, 2019 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE: SPH), a nationwide distributor of propane, fuel oil and related products and services, as well as a marketer of natural gas and electricity, today announced earnings for its first quarter ended December 29, 2018. Net income for the first quarter of fiscal 2019 was $27.7 million, or $0.45 per Common Unit, compared to net income of $37.2 million, or $0.61 per Common Unit, in the prior year first quarter.   Net income and EBITDA for the first quarter of fiscal 2018 included a $4.8 million loss from the sale of certain assets and operations in a non-strategic market of the propane segment.  Excluding the effect of the foregoing item and unrealized (non-cash) mark-to-market adjustments on derivative instruments in both years, Adjusted EBITDA (as defined and reconciled below) of $93.3 million for the first quarter of fiscal 2019 was essentially flat to the prior year first quarter.In announcing these results [Read more]
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