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Recap: Suburban Propane Partners Q2 Earnings

Shares of Suburban Propane Partners (NYSE:SPH) fell 4.4% after the company reported Q2 results. Quarterly Results Earnings per share decreased 36.60% over the past year to $1.23, which missed the estimate of $1.63. Revenue of $401,055,000 less by 20.49% year o

Benzinga · 05/07/2020 13:50

Shares of Suburban Propane Partners (NYSE:SPH) fell 4.4% after the company reported Q2 results.

Quarterly Results

Earnings per share decreased 36.60% over the past year to $1.23, which missed the estimate of $1.63.

Revenue of $401,055,000 less by 20.49% year over year, which beat the estimate of $378,820,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: May 07, 2020

Time: 09:04 PM ET

Webcast URL: https://investor.suburbanpropane.com/index.php?s=19#future:2020:5

Price Action

Company's 52-week high was at $24.89

52-week low: $8.64

Price action over last quarter: down 38.43%

Company Description

Suburban Propane Partners distributes propane, fuel oil, and other refined fuels to about 1 million customers, primarily in the East Coast and West Coast regions of the United States. Other operations include natural gas and electricity marketing in the deregulated New York and Pennsylvania markets.