The Straits Times  Oct 17  Comment 
October 18, 2014 12:41 AM MEDIA group Singapore Press Holdings has appointed Ms Janet Ang Guat Har as an independent director with immediate effect.
The Straits Times  Oct 15  Comment 
October 16, 2014 1:25 AM SINGAPORE Press Holdings (SPH) said net profit for the full year slipped 6.2 per cent to $404.3 million as a drop in the profitability of its key newspaper and magazine business was partially offset by growth in its...
The Straits Times  Oct 13  Comment 
October 14, 2014 1:13 AM SPH Reit Management has reported an income distributable to unitholders of $34.9 million for the fourth quarter.
SeekingAlpha  Aug 25  Comment 
By Ron Hiram: This article analyses some of the key facts and trends revealed by results recently reported by Suburban Propane Partners LP (NYSE:SPH). The quarters are noted with an FY designation because SPH's fiscal year ends in September. Thus...
The Straits Times  Aug 11  Comment 
August 12, 2014 1:11 AM MEDIA group Singapore Press Holdings (SPH) has appointed Mr Chua Boon Ping as the chief executive officer for its SPH Media Fund with effect from yesterday.
SeekingAlpha  Aug 7  Comment 
Suburban Propane Partners, L.P. (NYSE:SPH) Q3 2014 Results Earnings Conference Call August 7, 2014; 09:00 a.m. ET Executives Mike Dunn - Chief Executive Officer Mike Stivala - President Mark Wienberg - Chief Operating Officer ...
The Straits Times  Jul 15  Comment 
July 16, 2014 1:17 AM MEDIA and property group Singapore Press Holdings posted a slide in third-quarter earnings yesterday, largely owing to the absence of one-off gains seen in the same period last year.
The Straits Times  Jul 11  Comment 
July 12, 2014 12:42 AM MAINTAINING full occupancy and lower operating expenses at its malls helped SPH Reit beat forecasts in its third quarter.
Market Intelligence Center  Jul 11  Comment 
A covered call identified by MarketIntelligececenter.com's patented algorithm on Suburban Propane Partners LP (SPH) could yield about 2.41% (3.93% annualized, for comparison purposes only) in 224 days. Pair a long position in the stock with the...
Benzinga  May 9  Comment 
In a report published Friday, Credit Suisse analyst John Edwards upgraded the rating on Suburban Propane Partners LP (NYSE: SPH) from Underperform to Neutral, but lowered the price target from $46.00 to $45.00. In the report, Credit Suisse...

You may also be interested in articles related to Suburban Propane Partners, L.P. (SPH):

Trends and Forces

Propane, a clean burning and non-toxic gas, is created as a byproduct of oil and natural gas processing and is used to heat homes, cooking and sometimes to power vehicles as Liquefied Petroleum Gas (LPG). According to the National Propane Gas Association, about 8.1 million households in the United States use propane to heat their homes as an inexpensive alternative to electricity. New Jersey based Suburban Propane services over 1 million residential and commercial customers in 30 states. Suburban Propane also provides customers the option to rent large propane tanks from them and since these tanks are often buried underground, switching to a different provider is not an easy option, giving Suburban Propane a "lock" on certain customers.

Hedging with Propane futures

The company hedges part of the propane it has in physical inventory by going short propane futures. When propane prices rose earlier this year, the company had to take a $14.5 million loss against its hedges in the fiscal third quarter ended June 28, 2008. This was right before oil hit its peak of $147 in July. If the company continued its hedging activity in its fiscal fourth quarter, which ended September 2008, the sharp decline in oil and propane prices during the quarter should prove beneficial to the company. Even if the company suspended its hedging program, the decline in propane prices should benefit the company as there should be no significant drop in retail propane prices that Suburban Propane charges its customers. This is one of the key reasons whySuburban Propane attractive ahead of its fourth quarter conference call scheduled on Friday, November 14th, 2008.

The company also has a consistent history of raising quarterly distributions and has done so 19 times since 1999. Distributions in the recent past have been financed entirely through operating income and the company has built up its cash position to $118.6 million, while holding long-term debt steady at $548 million over the last three years.


Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki