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Suburban Propane Partners, L.P. (SPH)

NYSE - Nasdaq Real Time Price. Currency in USD
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15.51+0.25 (+1.64%)
As of 04:00PM EDT. Market open.
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  • K
    Kenneth
    I remember the best years from 2008 to 2017 we got $3.50 a year div.
    So sad now.
  • C
    CK
    I know it is a little early to predict but does anyone think they will increase distribution in August to make the stock more attractive to investors?
  • H
    HE
    Good 2nd Qtr? 8% yield. Clean energy. Seems like a good buy-in. Anything I am missing?
  • H
    HE
    Time to quit living in the past. This is one of the safest yield producing stocks to buy in this horrible energy starving economy. Manure turning to gold! Cannot beat that!
    Bullish
  • H
    HE
    Anyone know why this stock is down today? 6/15/2022
  • C
    CK
    Anybody else getting dizzy?
  • R
    Ryan C
    Late season Nor’Easter keeping those furnaces going. Going to be a GREAT quarter and next!
  • R
    Ryan C
    SPH should have a great quarter and they've done some good work in strengthening the balance sheet. Distribution increase has a good chance...but I think the recent run-up is a shift in where people are investing. Growth stocks don't have the risk/reward with increasing interest rates. Bonds are paying negative real returns with inflation. This leaves solid value stocks with good payouts...VALUE. SPH and a lot of MLP's are looking good in this risk averse environment!
    Bullish
  • C
    CK
    Sheeeeeesh, this is painful.
  • J
    Joe
    will this ever hit 20 again
  • H
    HE
    Buy, Buy,Buy before ex date!
  • H
    HE
    Nice safe investment right now with good dividend
  • Y
    Yahoo Finance Insights
    Suburban Propane Partners, L.P reached a 52 Week high at 17.08
  • C
    CK
    What is happening? Do you all think it is just a brief sell off and then we are back to blast off?
  • d
    danm
    I tried leaving a message on this board a few days ago but it was deleted. I said I would spend some time and analyze this stock and it's management team. I own 1000 shares of SPH and I did a look back since 2014 when the current CEO was appointed from the CFO roll. I have a ton of numbers and for any long time holders of this stock I think we are being screwed. There are many reasons why but it mostly comes down to the distribution. Management has justified cutting the distribution when the yield has gotten to high but that is only a reflection of the unit price drop. For anyone who bought SPH in 2013 when Stivala became CEO, you paid $47 a unit. Add in the distributions through the end of the past Corp year and you received $23,350 and a current stock price of $14.07 X 1000 and you get $37,420 after 7 years and an initial $47,000 investment. Meanwhile, Stivala's total compensation has gone from around $1 mil (factoring in an extra $800K stock comp his first year for his promotion to CEO is what I have assumed) to a base salary of $600K and a bonus of $914,400 for an approx. $2.8 mil tot. comp. for this past year (next years is est. at $3.445 mil). I would have no problem with this if it were a growing company and the distributions from free cash flow had remained comparable to the distributions we unit holders have received. But in 2014 free cash flow per share was $3.46 and a $3.52 distribution. In 2021 free cash flow was $3.21 per and distributions of $1.23. That's a 7.2% reduction in FCF but a 65% reduction in distributions. I think it's time for a little management accountability and I plan on contacting Investco (SPH's largest unit holder) on Monday and I suggest other Unit holders do the same.
  • d
    danm
    another Q goes by holding the distribution at $.30 yet the number of options keep climbing. I'm in for any and all revolt against current Board members and management. I'm not happy with all their 'green' news releases. The only green I want to see from them is in the way of profits and benefits to the share holders with a raise back to pre Covid $.60 distributions. It's obvious now their free cash flow hasn't been affected but our distributions sure have.
  • r
    rich
    Using Covid as an excuse to cut the dividend freeing up cash to play with. Free cash flow better than 2017 and 2018. New dividend good enough to attract new investors but a stock in the eye to current shareholders .
    Dividend was cut a couple of years ago but that was necessary. Sad commentary on management who I heretofore thought was pretty competent.
    Bearish
  • r
    rich
    SPH is one of the few companies that has not recovered at least most of its price loss in mar 2020.
    They have a history of stock price falling and dividend cuts. It appears that when the stock gets so low that a dividend reduction would still leave a high yield to attract new investors that's what they do, This recent dividend cut, considering their cash flow was totally unnecessasary. But the stock price being what it is and the excuse of the Pandemic, gave mgt the opportunity to cut the dividend and still have an attractive yield for new investors. Obviously existing investors got thrown under the bus. All the stats on this stock say its a value and can raise its distrubution. Warmer winters appear here to stay so beware of a price drop and another dividend cut.
    Bearish
  • J
    Jim K
    Farewell my friends. I have been a unitholder for several years, but closed out my final position yesterday I still think SPH is by far the strongest amongst SPH, FGP and APU. My concern is this past year did not yield the results I expected given the weather pattern we observed. Debt is coming down, but slower than I had hoped for. Gallons sold did not meet my expectation especially given the weather conditions and acquisitions. Another concern I have is units being awarded to management allow for further dilution. I truly hope management is able to continue reducing debt and maintain the distribution, but I don’t want to agonize over it every time winter rolls around. I have moved to other MLPs that are less dependent on weather. Yes, I did give up some yield, but I sleep better too. The build out of natural gas along with small guys being able to penetrate markets makes growth in gallons sold very difficult. I wish you all the best.
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