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Suburban Propane Partners LP (SPH)

  • 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%.
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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Company Description
Suburban Propane Partners LP is engaged in distribution ofpropane, fuel oil and refined fuels, as well as the marketing of natural gas and electricity in deregulated markets.
Sector: Utilities
Industry: Gas Utilities
Country: United States