NYSE:SPHGas Utilities
Should Suburban Propane's Earnings and Debt Trends Prompt Fresh Consideration From SPH Investors?
Suburban Propane Partners reported its third-quarter and nine-month earnings results, showing third-quarter revenue of US$260.15 million and a net loss of US$14.84 million, while nine-month revenue reached US$1.22 billion with net income of US$141.71 million.
Despite year-over-year improvements in revenue and net results, concerns remain about the company's high debt, repeated distribution cuts, and use of ATM equity programs.
Next, we will examine how these debt and distribution concerns...