Suburban Propane Partners LP (SPH) - NYSE
  • Fri, Jun. 10, 1:13 PM
    • Ferrellgas Partners (FGP -4.2%) is downgraded to Sell from Neutral with a $15 price target, cut from $17, at UBS, citing uncertainty around its contract to supply Monroe's Trainer refinery and the associated risk over the outcome of negotiations, combined with its view of overall margin compression in retail propane.
    • UBS also downgrades AmeriGas Partners (APU -4.7%) to Sell while keeping a $39 price target on the shares, saying the shares look relatively expensive at current levels and that its yield is lower than competitors.
    • The firm downgrades Suburban Propane (SPH -5%) to Neutral from Buy with a $35 price target.
    | Fri, Jun. 10, 1:13 PM | 32 Comments
  • May 13, 2013, 5:45 PM
    After-hours top gainers, as of 5:15 p.m.: PDII +26.9%. NSPH +20.1%. III +11.6%. TTWO +4.1%. NTI +2.9%.
    After-hours top losers: MOSY -9.4%. ATAX -4.6%. SPH -4.3%. WES -3.9%. IMUC -3.6%.
    | May 13, 2013, 5:45 PM
  • May 13, 2013, 4:31 PM

    Suburban Propane Partners (SPH) -4.5% AH after announcing a public offering of 2.7M common units. SPH says it plan to use the proceeds to repay outstanding unsecured debt up to $135M, and any remainder for working capital and general partnership purposes.

    | May 13, 2013, 4:31 PM
  • Feb. 12, 2013, 10:57 AM

    Suburban Propane Partners (SPH +1.7%) is upgraded to Buy from Neutral at BofA, which sees the potential for a resumption in distribution growth as SPH realizes synergies from the acquisition of Inergy's retail propane assets. The firm thinks SPH's current yield of 8.5% does not accurately reflect its growth potential, improving balance sheet and expected lack of equity issuance.

    | Feb. 12, 2013, 10:57 AM
  • Jul. 9, 2012, 9:12 AM
    UMC, the world's #2 chip foundry, is down 4.6% after reporting June sales of $310.3M, up just 0.9% M/M and 1.1% Y/Y. After shooting higher in March and April, UMC has now posted two straight quarters of minimal sales growth, as the chip industry's recovery slows to a crawl. It was reported recently that top rival TSMC's customers have become cautious about placing Q4 orders due to uncertain demand.
    | Jul. 9, 2012, 9:12 AM
  • Apr. 26, 2012, 9:55 AM

    Shares of Inergy (NRGY) soar 13.1% after the company agrees to contribute its retail propane operations to Suburban Propane Partners (SPH +0.1%) for a consideration of $1.8B in an exchange of senior notes and cash.

    | Apr. 26, 2012, 9:55 AM | 4 Comments
Company Description
Suburban Propane Partners LP engages in the market and sale of liquefied petroleum gas. It operates through the following segments: Propane, Fuel Oil & Refined Fuels, and Natural Gas & Electricity. The Propane segment is used for water and space heating, cooking, motor fuel, tobacco curing, crop... More
Sector: Utilities
Industry: Gas Utilities
Country: United States