New insider activity at Suburban Propane ( (SPH) ) has taken place on February 20, 2025.
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Craig Palleschi, the VP of Renewable Natural Gas Operations, executed a sale of 1,400 shares of Suburban Propane stock, amounting to a total value of $30,842.
Recent Updates on SPH stock
Suburban Propane has recently reported its Q1 earnings, showing a decline in net income to $19.4 million from $24.5 million the previous year, primarily due to unseasonably warm weather impacting propane demand. Despite this, the company managed to maintain stable adjusted EBITDA at $75.3 million and increased its gross margin by 6.3% through favorable derivative adjustments. The company completed a significant acquisition in the Southwest, which is expected to bolster growth. However, increased operating expenses, high leverage, and impairment charges on investments in clean energy ventures pose challenges. Analysts have expressed concerns over these factors, as well as the company’s valuation, leading to a more cautious outlook. Suburban Propane remains optimistic about future demand, driven by seasonable weather and its renewable energy projects, which are anticipated to complete by the end of 2025. The company’s strong distribution coverage and improved commodity hedge position indicate resilience amidst current market challenges.
More about Suburban Propane
YTD Price Performance: 31.05%
Average Trading Volume: 262,228
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.43B