Suburban Propane Partners, L.P. Declares Quarterly Distribution for the Three Months Ended December 28, 2019, Payable on February 11, 2020
January 23, 2020 at 06:30 pm IST
Share
Suburban Propane Partners, L.P. announced that its Board of Supervisors declared a quarterly distribution of $0.60 per Common Unit for the three months ended December 28, 2019. This quarterly distribution rate equates to an annualized rate of $2.40 per Common Unit. The distribution is payable on February 11, 2020 to Common Unitholders of record as of February 4, 2020.
Suburban Propane Partners, L.P. is a nationwide distributor of propane, renewable propane, renewable natural gas, fuel oil and related products and services, as well as a marketer of natural gas and electricity and investor in low carbon fuel alternatives. The Company's segments include propane, fuel oil and refined fuels, natural gas and electricity, and all other. The propane segment is engaged in the retail distribution of propane and renewable propane to residential, commercial, industrial, agricultural and government customers and, to a lesser extent, wholesale distribution to large industrial end users. The fuel oil and refined fuels segment is engaged in the retail distribution of fuel oil, diesel, kerosene and gasoline. The natural gas and electricity segment is engaged in the marketing of natural gas and electricity to residential and commercial customers in the deregulated energy markets of New York and Pennsylvania. The all other segment includes its service business.