Suburban Propane falls after smaller Q1 profit

Suburban Propane Partners

06/02/2025 18:34

** Shares of propane and fuel oil distributor Suburban
Propane Partners  SPH.N  down 5.3% at $20.50
    ** Co posts Q1 profit of 30 cents per share, compared with
38 cents per share last year
    ** SPH records quarterly revenue of $373.3 mln vs $365.8 mln
last year 
    ** "Propane volumes in the first quarter of fiscal 2025 were
marginally lower than the prior year first quarter as a
combination of widespread unseasonably warm weather, especially
during November 2024, and a less active crop drying season
negatively impacted customer demand"- CEO Michael Stivala
    ** Stock down 3.15% in 2024

 (Reporting by Rishab Shaju in Bengaluru)
 ((Rishab.shaju@thomsonreuters.com))