Suburban Propane ( (SPH) ) has issued an announcement.
On April 24, 2025, Suburban Propane Partners, L.P. announced a quarterly distribution of $0.325 per Common Unit for the fiscal second quarter ending March 29, 2025, equating to an annualized rate of $1.30 per Common Unit. The distribution, payable on May 13, 2025, to unitholders of record as of May 6, 2025, highlights the company’s ongoing financial commitments and has implications for foreign investors due to federal income tax withholding requirements.
Spark’s Take on SPH Stock
According to Spark, TipRanks’ AI Analyst, SPH is a Neutral.
Suburban Propane’s overall score reflects its stable financial position and strategic growth initiatives, such as renewable energy projects and acquisitions. However, challenges like high leverage, declining revenue, and recent market conditions impacting propane demand weigh down the score. The stock’s moderate valuation and attractive dividend yield provide some balance, appealing to income-focused investors.
To see Spark’s full report on SPH stock, click here.
More about Suburban Propane
Suburban Propane Partners, L.P. is a publicly traded master limited partnership listed on the New York Stock Exchange, headquartered in Whippany, New Jersey. The company has been in the customer service business since 1928 and is a nationwide distributor of propane, renewable propane, renewable natural gas, fuel oil, and related products and services. It also markets natural gas and electricity, and invests in low carbon fuel alternatives, serving approximately 1 million customers across 42 states.
YTD Price Performance: 20.84%
Average Trading Volume: 272,831
Technical Sentiment Signal: Sell
Current Market Cap: $1.32B
For a thorough assessment of SPH stock, go to TipRanks’ Stock Analysis page.