Associated tags: Natural gas, Propane, Electricity, Carbon, SPH, NYSE, Suburb, COVID-19
Locations: NJ, ILLINOIS, FL, CA, NY, SYRACUSE, HAMMONTON, SARASOTA, GREEN ISLAND, HUNTSVILLE, ALABAMA, AL, SACRAMENTO, ORLANDO, PLYMOUTH ROCK, CHICAGO, NEW JERSEY
Weather,
Natural gas,
Depreciation,
Board of supervisors,
Heat,
RNG,
Carbon,
Partnership,
Tax,
Acquisition,
SPH,
Adjustment,
Calendar,
Growth In announcing these results, President and Chief Executive Officer, Michael A. Stivala said, "The fiscal 2024 second quarter was characterized by an inconsistent weather pattern and unseasonably warm weather across much of our operating footprint. With the exception of a short burst of extreme cold weather in mid-January, average temperatures were warmer than the prior year, which negatively impacted customer demand for heating purposes. In the markets where we experienced cooler weather compared to the prior year, such as the southeast, our volumes responded favorably. Our field operations once again did an outstanding job managing the things they can control, which is operating safely, managing our selling prices, controlling expenses and executing on our customer base growth and retention initiatives -- all of which helped mitigate the impact of warm weather on volumes sold."
Key Points:
- WHIPPANY, N.J., May 9, 2024 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE:SPH), today announced earnings for its second quarter ended March 30, 2024.
- Adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA, as defined and reconciled below) for the second quarter of fiscal 2024 was $147.0 million, compared to $149.0 million in the prior year second quarter.
- Average propane prices (basis Mont Belvieu, Texas) for the second quarter of fiscal 2024 increased 2.8% compared to the prior year second quarter.
- Total gross margin of $308.0 million for the second quarter increased $13.1 million, or 4.4%, compared to the prior year second quarter.
More than 500 packages were created, which included letters written by Suburban Propane employees from across the region, snacks, games, and other necessities that will serve as a reminder of home and a symbol of gratitude for their service.
Key Points:
- More than 500 packages were created, which included letters written by Suburban Propane employees from across the region, snacks, games, and other necessities that will serve as a reminder of home and a symbol of gratitude for their service.
- In addition to the packing event, Suburban Propane Customer Service Centers in Fort Edward, Chestertown, and Ticonderoga have collected items since March to increase local donations to Operation Adopt A Soldier for this event.
- "As a veteran employer, Suburban Propane is honored to join Operation Adopt A Soldier in their mission to support our troops, who selflessly serve this country every day to protect our freedoms," said Nandini Sankara, Spokesperson, Suburban Propane.
- "In 2023, we mailed over 6,300 boxes to our troops and are so grateful to Suburban Propane for their support so that we can be as successful this year."
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Wednesday, April 24, 2024
WHIPPANY, N.J., April 24, 2024 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE:SPH), announced today that it has scheduled its Fiscal 2024 Second Quarter Results Conference Call for Thursday, May 9, 2024 at 9:00 AM Eastern Time.
Key Points:
- WHIPPANY, N.J., April 24, 2024 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE:SPH), announced today that it has scheduled its Fiscal 2024 Second Quarter Results Conference Call for Thursday, May 9, 2024 at 9:00 AM Eastern Time.
- Analysts, investors and other interested parties are invited to listen to management's discussion of Fiscal 2024 Second Quarter results and business outlook by accessing the call via the internet at www.suburbanpropane.com , or by telephone as follows:
In addition, a replay of the conference call will be available from 12:00 PM Eastern Time, Thursday, May 9, 2024 until 11:55 PM Eastern Time, Thursday, May 16, 2024 and can be accessed by dialing (888) 390-0541, Access Code 010270#.
- The replay will also be available via Suburban's website until the replay for next quarter's call is posted.
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Wednesday, April 10, 2024
Rubber duck race,
Honda Center,
Natural gas,
Anaheim Ducks,
Sport,
Marketing,
Partnership,
Electricity,
Propane,
Carbon,
Environmentalism,
NHL,
Ice,
National Hockey League,
Plaque,
Organization,
Duck ANAHEIM, Calif., April 10, 2024 /PRNewswire/ -- Suburban Propane Partners, L.P., a nationwide distributor of propane, renewable propane, renewable natural gas, fuel oil and related products and services, as well as a marketer of natural gas and electricity and investor in low carbon fuel alternatives, joined forces with the Anaheim Ducks on April 9th to celebrate the team's Green Night game. Suburban Propane President and CEO, Michael Stivala, presented a plaque to Merit Tully, Vice President, Marketing at the Anaheim Ducks, marking both organizations' commitment to a greener-energy future. This partnership also includes a generous donation to the Anaheim Ducks Foundation, demonstrating their shared dedication to sustainability and community support.
Key Points:
- This collaboration is backed by Suburban Propane's 'Go Green with Suburban Propane' corporate initiative, highlighting the clean burning attributes of propane and renewable propane.
- "We are thrilled to mark Earth Month alongside our new partner, the Anaheim Ducks, during their Green Night game," said Nandini Sankara, Spokesperson for Suburban Propane.
- As an official propane partner of the team, Suburban Propane powers the Anaheim Ducks' Zamboni® Ice Resurfacing Machine, which features the Go Green with Suburban Propane company branding.
- To learn more about Suburban Propane's "Go Green with Suburban Propane" corporate pillar, please visit https://www.suburbanpropane.com/suburban-propane-experience/go-green/ .
Electricity,
Chicago metropolitan area,
Natural gas,
Sickle cell disease,
Disease,
Propane,
Patient,
Red,
African Americans,
Carbon,
American Red Cross,
Blood,
SPH,
DSM-IV codes,
Blood transfusion,
Pharmaceutical industry The event at the Chicago Red Cross Blood Donation Center was aimed at raising awareness and encouraging blood donations to support the transfusion needs of patients battling sickle cell disease.
Key Points:
- The event at the Chicago Red Cross Blood Donation Center was aimed at raising awareness and encouraging blood donations to support the transfusion needs of patients battling sickle cell disease.
- This work is in support of the Red Cross Sickle Cell Initiative – which aims to grow the number of blood donors who are Black to help patients with sickle cell disease and improve health outcomes.
- "Blood transfusion is an essential aspect of treatment for sickle cell disease, which primarily affects Black and African American individuals," said Mark Thomas interim CEO of the Red Cross of Illinois.
- "More than 100,000 people in the United States have sickle cell disease and one in three African American blood donors are a match for people with sickle cell disease.
Electricity,
Organization,
Natural gas,
Hunger,
Environment,
COVID-19,
Propane,
Food,
Meal,
Volunteering,
Carbon,
Methane,
SPH "Suburban Propane is proud to support Keep Austin Fed and the amazing contributions of their volunteers to ensure that surplus healthy food is rescued and redistributed to people in need," said Nandini Sankara, Spokesperson, Suburban Propane.
Key Points:
- "Suburban Propane is proud to support Keep Austin Fed and the amazing contributions of their volunteers to ensure that surplus healthy food is rescued and redistributed to people in need," said Nandini Sankara, Spokesperson, Suburban Propane.
- Representatives from Suburban Propane's headquarters in Whippany, NJ helped sort and redistribute rescued food at Keep Austin Fed's walk-in cooler location near downtown Austin.
- "Keep Austin Fed is truly appreciative for a compassionate community that believes that healthy food is a basic human right and that we need to act now to preserve our environment for future generations," said Lisa Barden, Executive Director, Keep Austin Fed.
- "We are thrilled to collaborate with businesses like Suburban Propane who promote sustainability as a core value.
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Monday, February 26, 2024
Black History Month,
SPH,
Blood,
Natural gas,
City,
Propane,
Blood transfusion,
Life,
Carbon,
American Red Cross,
COVID-19,
Sickle cell disease,
Black,
Electricity,
World war,
Medicine,
Red,
Research,
Medical device Dr. Drew is remembered for his research in blood transfusions and for developing improved techniques for blood storage.
Key Points:
- Dr. Drew is remembered for his research in blood transfusions and for developing improved techniques for blood storage.
- The drive was part of an ongoing effort by the American Red Cross to increase blood donations in support of individuals battling sickle cell disease.
- Blood transfusion is an essential treatment for sickle cell disease—the most common genetic blood disease in the United States, primarily affecting Black individuals.
- "Blood transfusion is an essential aspect of treatment for sickle cell disease, which primarily affects Black and African American individuals," said Rosie Taravella, CEO, the American Red Cross New Jersey Region.
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Thursday, February 1, 2024
Propane,
Civil rights movement,
City,
LMCC,
African Americans,
Nation,
Lincolnville Historic District,
Carbon,
Cultural center,
Black History Month,
Culture,
Electricity,
Natural gas,
SPH The LMCC is located in the Lincolnville Historic District, which was founded in 1866 by formerly enslaved people and stands in the town's most prominent historically black neighborhood.
Key Points:
- The LMCC is located in the Lincolnville Historic District, which was founded in 1866 by formerly enslaved people and stands in the town's most prominent historically black neighborhood.
- "At Suburban Propane, we believe in the power of preserving and sharing diverse cultural histories," said Nandini Sankara, spokesperson, Suburban Propane.
- "Our collaboration with the Lincolnville Museum and Cultural Center aligns with our SuburbanCares commitment to support initiatives that celebrate and educate on the vibrant heritage of the communities in which we operate."
- "We are honored to join forces with Suburban Propane to support the Lincolnville Museum and Cultural Center," said Piper Smith, Vice President of Marketing, Historic Tours of America.
WHIPPANY, N.J., Jan. 26, 2024 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE:SPH) (the "Partnership"), a nationwide distributor of propane, renewable propane, renewable natural gas, fuel oil and related products and services, as well as a marketer of natural gas and electricity and investor in low carbon fuel alternatives, announced today that it has scheduled its 2024 Tri-Annual Meeting of the Limited Partners of the Partnership to be held in person on Tuesday, May 21, 2024, beginning at 9:00 a.m. E.T, at its executive offices located at One Suburban Plaza, 240 Route 10 West, Whippany, New Jersey 07981 (the "2024 Tri-Annual Meeting").
Key Points:
- WHIPPANY, N.J., Jan. 26, 2024 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE:SPH) (the "Partnership"), a nationwide distributor of propane, renewable propane, renewable natural gas, fuel oil and related products and services, as well as a marketer of natural gas and electricity and investor in low carbon fuel alternatives, announced today that it has scheduled its 2024 Tri-Annual Meeting of the Limited Partners of the Partnership to be held in person on Tuesday, May 21, 2024, beginning at 9:00 a.m. E.T, at its executive offices located at One Suburban Plaza, 240 Route 10 West, Whippany, New Jersey 07981 (the "2024 Tri-Annual Meeting").
- Additional information about the 2024 Tri-Annual Meeting and how the Partnership's Unitholders may attend will be provided in the notice of the meeting and proxy statement, which will be sent to the Partnership's Unitholders and filed with the Securities and Exchange Commission in advance of the 2024 Tri-Annual Meeting.
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Wednesday, January 24, 2024
WHIPPANY, N.J., Jan. 24, 2024 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE:SPH), announced today that it has scheduled its Fiscal 2024 First Quarter Results Conference Call for Thursday, February 8, 2024 at 9:00 AM Eastern Time.
Key Points:
- WHIPPANY, N.J., Jan. 24, 2024 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE:SPH), announced today that it has scheduled its Fiscal 2024 First Quarter Results Conference Call for Thursday, February 8, 2024 at 9:00 AM Eastern Time.
- Analysts, investors and other interested parties are invited to listen to management's discussion of Fiscal 2024 First Quarter results and business outlook by accessing the call via the internet at www.suburbanpropane.com , or by telephone as follows:
In addition, a replay of the conference call will be available from 12:00 PM Eastern Time, Thursday, February 8, 2024 until 11:55 PM Eastern Time, Thursday, February 15, 2024 and can be accessed by dialing (877) 344-7529, Access Code 3629244.
- The replay will also be available via Suburban's website until the replay for next quarter's call is posted.
