Suburban Propane Offers Asymmetric Risk/Reward And 10% Yield [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
Suburban Propane Offers Asymmetric Risk/Reward And 10% Yield Summary Suburban Propane Holdings offers asymmetric upside, a stable business with network effects, on a low multiple likely to deliver on seasonally important Q2 earnings. 2018/2019 winter has seen a return to a more normal (colder) temperature, this expected 4-6% volume increase likely helps SPH's margins against a fixed-cost base. In addition, the expanding spread between retail and wholesale propane pricing over the same period may further boost profits. Even without these expected improvements, SPH is an attractive stock on 8.5x cash earnings due to low capex relative to depreciation and a 10.5% dividend yield pre-any Q2 boost. Please note - this stock is an LP, so comes with a K-1. Suburban Propane ( The opportunity here appears asymmetric in that improved earnings are probably both on the basis of (1) expected higher volumes due to colder weather and (2) improved spreads between retail and wholesale propane costs pote
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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