Suburban Propane Partners, L.P. (NYSE:SPH) retail marketing and distributors, is expected to report fourth quarter earnings results, before market open, on Thursday 12th November 2020.
Analysts polled by Thomson Reuters anticipate fourth quarter loss of $ 0.76 per share.
Looking ahead, the full year income are expected at $ 0.88 per share on the revenues of $ 1113.16 million.
Previous Quarter Performance
Suburban Propane Partners, L.P. unwinded loss for the third quarter of $ 0.25 per share, from the revenue of $ 206.91 million. The quarterly revenues down 3.41 percent compared with the same quarter last year. Street analysts expected Suburban Propane Partners, L.P. to report loss of $ 0.57 per share on revenue of $ 169.49 million for the third quarter. The bottom line results beat street analysts by $ 0.32 or 56.14 percent, at the same time, top line results outshined analysts by $ 37.42 million or 22.08 percent.
Stock Performance
Shares of Suburban Propane Partners, L.P. traded low $ -0.47 or -2.74 percent on Wednesday, reaching $ 16.66 with volume of 605.00 thousand shares. Suburban Propane Partners, L.P. has traded high as $ 17.08 and has cracked $ 16.30 on the downward trend
The closing price of $ 16.66, representing a 98.26 % increase from the 52 week low of $ 8.64 and a 29.94 % decrease over the 52 week high of $ 24.45.
The company has a market capital of $ 1.04 billion and is part of the Utilities sector and Utilities – Regulated Gas industry.
Conference Call
Suburban Propane Partners, L.P. will be hosting a conference call at 9:00 AM eastern time on 12th November 2020, to discuss its 4Q20 financial results with the investment community. The participants may dial, (888) 317-6003 (United States), and the passcode is 6148321 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.suburbanpropane.com
Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, fuel oil, and refined fuels. The company operates in four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other. The Propane segment is involved in the retail distribution of propane to residential, commercial, industrial, and agricultural customers, as well as in the wholesale distribution to industrial end users.
