Suburban Propane slips as Q4 loss widens

Suburban Propane Partners

10/11/2022 18:34

** Shares of propane and fuel oil distributer Suburban
Propane Partners L.P.  SPH.N  down 2.14% at $15.98, amid a surge
in border market indices  
    ** Co's Q4 net loss widens to $54.2 mln, or 86 cents/shr,
from $16.4 mln, or 26 cents/shr, last year
    ** Co says it took a $26.5 mln loss on derivatives
    ** SPH's cost of products sold rises to $135.8 mln from
$67.5 a year-ago period
    ** The S&P 500  .SPX  gains 4.2% and Nasdaq Composite
 .IXIC  jumps 6% as cooling inflation spurs hopes of smaller
rate hikes
    ** So far this year, SPH shares gain ~9%
 (Reporting by Ankit Kumar in Bengaluru)
 ((Ankit.Kumar2@thomsonreuters.com))