Suburban Propane's 40% Gain In 6 Months Needs Cautious Watching [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
Institutional buying and a major ETF's purchase have contributed to the stock's appreciation. The company's pattern of performing well in January and selling off in February and March suggests waiting to see if the increase is sustained. Propane's cleaner energy footprint, as well as the company's investment in renewable natural gas, renewable propane, and other green energy companies, has attracted interest and contributed to the price increase. The MLP's distribution has been paid for 27 years, but not without cuts along the way that have made it more secure going forward. Suburban Propane ( NYSE: SPH ) has been outperforming the S&P 500 over the past six months. Since last summer, the stock has gained close to 40%. More institutional investors will be needed for this pace of advancement to continue, but volume spikes in December suggest some big players, such as Alerian's MLP ETF ( AMLP ), are buying SPH. Propane's green fuel status and renewable energy investments have be
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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