Suburban Cylinder Express Franchise News

WHIPPANY, N.J. /PRNewswire-FirstCall/ -- Suburban Propane Partners, L.P. (NYSE: SPH) ("Suburban Propane"), a nationwide distributor of propane, fuel oil and related products and services, as well as a marketer of natural gas and electricity, announced today that pursuant to the offer of Suburban Energy Finance Corp. and Suburban Propane (collectively "Suburban") to purchase any and all of the $250,000,000 aggregate principal amount of their outstanding 6.875% Senior Notes due 2013 with CUSIP number 864486AB1 (the "Notes") and related solicitation of consents (together, the "Offer") to certain proposed amendments to the indenture governing the Notes (the "Consents"), $202,427,000 aggregate principal amount of Notes (and related Consents) have been validly tendered and not validly withdrawn as of 5:00 p...

WHIPPANY, N.J. /PRNewswire-FirstCall/ -- Suburban Propane Partners, L.P. (NYSE: SPH), a nationwide distributor of propane, fuel oil and related products and services, as well as a marketer of natural gas and electricity, today announced earnings for its first quarter ended December 26, 2009. Net income amounted to $48.4 million, or $1.37 per Common Unit, compared to $80.7 million, or $2.46 per Common Unit, in the prior year quarter. Adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA") for the first quarter of fiscal 2010 amounted to $66.2 million, compared to $82.2 million in the prior year quarter. The first quarter of fiscal 2010 was characterized by challenges on several fronts; including rising commodity prices, the continued adverse affects of the weak economy and warmer than normal temperatures throughout much of the quarter...

WHIPPANY, N.J. /PRNewswire-FirstCall/ -- Suburban Propane Partners, L.P. (NYSE: SPH), a nationwide distributor of propane gas, fuel oil and related products and services, as well as a marketer of natural gas and electricity, today announced results for its fourth quarter and fiscal year ended September 26, 2009. Fiscal Year 2009 Results Net income for fiscal 2009 amounted to $165.2 million, or $4.99 per Common Unit, an increase of $10.3 million, or 6.6%, compared to net income of $154.9 million, or $4.72 per Common Unit, in fiscal 2008. Earnings before interest, taxes, depreciation and amortization ("EBITDA") increased $14.1 million, or 6.3%, to $236.3 million in fiscal 2009 compared to $222.2 million for fiscal 2008. Net income and EBITDA for fiscal 2009 included a loss on debt extinguishment of $4...

WHIPPANY, N. J. /PRNewswire-FirstCall/ -- Suburban Propane Partners, L.P. (NYSE: SPH), a nationwide distributor of propane, fuel oil and related products and services, as well as a marketer of natural gas and electricity, today announced earnings for its third quarter ended June 27, 2009.

Consistent with the seasonal nature of the propane and fuel oil businesses, the Partnership typically experiences a net loss in the third quarter. Net loss for the three months ended June 27, 2009, narrowed to $7.4 million, or $0.23 per Common Unit, compared to a net loss of $13.7 million, or $0.42 per Common Unit, in the prior year third quarter. Earnings before interest, taxes, depreciation and amortization ("EBITDA") for the third quarter of fiscal 2009 amounted to $11...

WHIPPANY, N. J., Aug. 6 /PRNewswire-FirstCall/ -- Suburban Propane Partners, L.P. (NYSE: SPH), a nationwide distributor of propane, fuel oil and related products and services, as well as a marketer of natural gas and electricity, today announced earnings for its third quarter ended June 27, 2009.

Consistent with the seasonal nature of the propane and fuel oil businesses, the Partnership typically experiences a net loss in the third quarter. Net loss for the three months ended June 27, 2009, narrowed to $7.4 million, or $0.23 per Common Unit, compared to a net loss of $13.7 million, or $0.42 per Common Unit, in the prior year third quarter. Earnings before interest, taxes, depreciation and amortization ("EBITDA") for the third quarter of fiscal 2009 amounted to $11...

Whippany, N.J. /PRNewswire-FirstCall/ -- Suburban Propane Partners, L.P. (NYSE: SPH), a nationwide distributor of propane, fuel oil and related products and services, as well as a marketer of natural gas and electricity, today announced the successful execution of a new $250 million senior secured credit facility (the "Revolving Credit Facility"), by its operating subsidiary, Suburban Propane, L.P. (the "Partnership"). The new four-year Revolving Credit Facility provides for $250 million of revolving lines of credit to replace the Partnership's previous revolving credit agreement, which consisted of a $175 million working capital facility and a separate $108 million term loan both of which were set to mature in March 2010. The Revolving Credit Facility may be increased in the future up to $400 million at the Partnership's request, under certain circumstances...

Whippany, N.J., /PRNewswire-FirstCall/ -- Suburban Propane Partners, L.P. (NYSE: SPH), a nationwide distributor of propane, fuel oil and related products and services, as well as a marketer of natural gas and electricity, today announced earnings for its first quarter ended December 27, 2008. Net income amounted to $80.7 million, or $2.46 per Common Unit, compared to $85.4 million, or $2.61 per Common Unit, in the prior year quarter. Earnings before interest, taxes, depreciation and amortization ("EBITDA") for the first quarter of fiscal 2009 amounted to $97.3 million, compared to $102.6 million in the prior year quarter. Included in the results for the prior year first quarter was a $43.7 million gain from the sale of the Tirzah, South Carolina, underground propane storage cavern and associated 62-mile pipeline...

WHIPPANY, N.J., Jan. 22 /PRNewswire-FirstCall/ -- Suburban Propane Partners, L.P. (NYSE: SPH), a nationwide distributor of propane, fuel oil and related products and services, as well as a marketer of natural gas and electricity, announced today that it has scheduled its Fiscal 2009 First Quarter Results Conference Call for Thursday, February 5, 2009 at 9:00 AM Eastern Time.

Analysts, investors and other interested parties are invited to listen to management's discussion of Fiscal 2009 first quarter results and business outlook by accessing the call via the internet at www.suburbanpropane.com, or by telephone as follows:

Phone #: (877) 209-9919
Ask for: Suburban Propane Fiscal Year 2009 First Quarter Results
Conference Call...

Whippany, N.J., /PRNewswire-FirstCall/ -- Suburban Propane Partners, L.P. (NYSE: SPH), a nationwide distributor of propane, fuel oil and related products and services, as well as a marketer of natural gas and electricity, today announced that its Board of Supervisors declared the 20th increase (since the Partnership's recapitalization in 1999) in the Partnership's quarterly distribution from $0.805 to $0.810 per Common Unit for the three months ended December 27, 2008. The distribution equates to $3.24 per Common Unit annualized, an increase of $0.02 per Common Unit from the previous distribution rate, and a growth rate of 6.2% compared to the first quarter of fiscal 2008. The distribution at this increased rate is payable on February 10, 2009 to Common Unitholders of record as of February 3, 2009...

Whippany, N.J.,/PRNewswire-FirstCall/ -- Suburban Propane Partners, L.P. (NYSE: SPH), a nationwide distributor of propane gas, fuel oil and related products and services, as well as a marketer of natural gas and electricity, today disclaimed any affiliation with the recently announced Chapter 11 bankruptcy filing by LyondellBasell Industries and its affiliates ("Lyondell"). In a press release issued this morning by Lyondell, Suburban Propane GP, Inc. was listed as one of the affiliated entities of Lyondell that was included in the voluntary petition for relief under Chapter 11 of the Bankruptcy Code. This press release is being issued by the Partnership to clarify that neither Suburban Propane Partners, L.P., nor any of its affiliates including its general partner Suburban Energy Services Group LLC and its operating subsidiaries Suburban Propane, L...

Whippany, N.J., /PRNewswire-FirstCall/ -- Suburban Propane Partners, L.P. (NYSE: SPH), a nationwide distributor of propane gas, fuel oil and related products and services, as well as a marketer of natural gas and electricity, today announced that it has scheduled its Fiscal 2008 Fourth Quarter and Full Year Results Conference Call for Friday, November 14, 2008 at 9:00 AM Eastern Time.

Analysts, investors and other interested parties are invited to listen to management's discussion of Fiscal 2008 fourth quarter and year-end results and business outlook by accessing the call via the internet at http://www.suburbanpropane.com, or by telephone as follows:

Phone #: (866) 233-3843 Ask for: Suburban Propane Fiscal Year 2008 Fourth Quarter Results Conference Call...

WHIPPANY, N.J., Aug. 7 /PRNewswire-FirstCall/ -- Suburban Propane Partners, L.P. (the "Partnership") (NYSE: SPH), a nationwide distributor of propane gas, fuel oil and refined fuels and related products and services, as well as a marketer of natural gas and electricity, today announced results for the third quarter ended June 28, 2008.

Consistent with the seasonal nature of the propane and fuel oil businesses, the Partnership typically experiences a net loss in the third quarter. Net loss for the three months ended June 28, 2008, amounted to $13.7 million, or $0.42 per Common Unit, compared to a net loss of $1.1 million, or $0.03 per Common Unit, in the prior year quarter. Earnings before interest, taxes, depreciation and amortization ("EBITDA") amounted to $2...

WHIPPANY, N.J., Feb. 7 /PRNewswire-FirstCall/ -- Suburban Propane Partners, L.P. (the "Partnership") (NYSE: SPH), a nationwide distributor of propane gas, fuel oil and refined fuels and related products and services, as well as a marketer of natural gas and electricity, today announced improved earnings for the three months ended December 29, 2007 over the prior year quarter. Net income amounted to $85.4 million, or $2.61 per Common Unit, compared to $54.7 million, or $1.70 per Common Unit, in the prior year quarter. Earnings before interest, taxes, depreciation and amortization ("EBITDA") for the first quarter of fiscal 2008 amounted to $102.6 million, an increase of $30.8 million compared to $71.8 million in the prior year quarter.

As previously reported, during the first quarter of fiscal 2008 the Partnership closed on the sale of its Tirzah, South Carolina underground propane storage cavern and associated 62-mile pipeline which generated net proceeds of $53...

WHIPPANY, N.J., Jan. 24 /PRNewswire-FirstCall/ -- Suburban Propane Partners, L.P. (the "Partnership") (NYSE: SPH), a nationwide marketer of propane gas, fuel oil and related products and services, announced today that it has scheduled its Fiscal 2008 First Quarter Results Conference Call for Thursday, February 7, 2008 at 9:00 AM Eastern Time.

Analysts, investors and other interested parties are invited to listen to management's discussion of Fiscal 2008 first quarter results and business outlook by accessing the call via the internet at http://www.suburbanpropane.com, or by telephone as follows:

Phone #: (888) 428-4480
Ask for: Suburban Propane Fiscal Year 2008 First Quarter Results Conference Call.

In addition, a replay of the conference call will be available from 11:00 AM Thursday, February 7, 2008 until 11:59 PM, Friday, February 8, 2008 and can be accessed by dialing (800) 475-6701, Access Code 905696...

WHIPPANY, N.J., Jan. 24 /PRNewswire-FirstCall/ -- Suburban Propane Partners, L.P. (NYSE: SPH), a distributor of propane gas, fuel oil and related products and services, as well as a marketer of natural gas and electricity, today announced that its Board of Supervisors declared the sixteenth increase (since the Partnership's recapitalization in 1999) in the Partnership's quarterly distribution from $0.75 to $0.7625 per Common Unit for the three months ended December 29, 2007. The distribution equates to $3.05 per Common Unit annualized, an increase of $0.05 per Common Unit from the previous distribution rate, and a growth rate of 10.9% since the first quarter of fiscal 2007. The distribution at this increased rate is payable on February 12, 2008 to Common Unitholders of record as of February 5, 2008...

WHIPPANY, N.J., Oct. 25 /PRNewswire-FirstCall/ -- Suburban Propane Partners, L.P. (NYSE: SPH), a marketer of propane gas, fuel oil and related products and services nationwide, today announced that its Board of Supervisors declared the fifteenth increase (since the Partnership's recapitalization in 1999) in the Partnership's quarterly distribution from $0.7125 to $0.75 per Common Unit for the three months ended September 29, 2007. The distribution equates to $3.00 per Common Unit annualized, an increase of $0.15 per Common Unit from the previous distribution rate, and is payable on November 13, 2007 to Common Unitholders of record as of November 6, 2007.

In announcing the increase in the distribution rate, Chief Executive Officer Mark A...

WHIPPANY, N.J., Sept. 19 /PRNewswire-FirstCall/ -- Suburban Propane Partners, L.P. (the "Partnership") (NYSE: SPH), a nationwide marketer of propane gas, fuel oil and related products and services, announced today that its operating subsidiary, Suburban Propane, L.P. (the "Operating Partnership"), has signed a definitive agreement to sell its Tirzah, South Carolina underground granite propane storage cavern, and associated 62-mile pipeline, to Plains LPG Services, L.P. ("Plains") for approximately $55 million in cash, subject to adjustments. The 57.5 million gallon underground storage cavern is connected to the Dixie Pipeline and provides propane storage for the eastern United States. As part of the agreement, the Operating Partnership entered into a long-term storage arrangement with Plains that will enable the Operating Partnership to continue to meet the needs of its retail operations, consistent with past practices...

WHIPPANY, N.J.,/PRNewswire-FirstCall/ -- Suburban Propane Partners, L.P. (the "Partnership") (NYSE: SPH), a nationwide marketer of propane gas, fuel oil and related products and services, today announced improved results for the three months ended June 30, 2007 over the prior year quarter.

Consistent with the seasonal nature of the propane and fuel oil businesses, the Partnership typically experiences a net loss in the third quarter. Net loss for the three months ended June 30, 2007, amounted to $1.1 million, or $0.03 per Common Unit, an improvement of $9.4 million, or 89.5%, compared to a net loss of $10.5 million, or $0.33 per Common Unit, in the prior year quarter. Earnings before interest, taxes, depreciation and amortization ("EBITDA") increased $8...

WHIPPANY, N.J., July 26 /PRNewswire-FirstCall/ -- Suburban Propane Partners, L.P. (the "Partnership") (NYSE: SPH), a nationwide marketer of propane gas, fuel oil and related products and services, announced today that it has scheduled its Fiscal 2007 Third Quarter Results Conference Call for Thursday, August 9, 2007 at 9:00 AM Eastern Time. Analysts, investors and other interested parties are invited to listen to management's discussion of Fiscal 2007 third quarter results and business outlook by accessing the call via the internet at http://www.suburbanpropane.com, or by telephone as follows: Phone #: (877) 209-9920 Ask for: Suburban Propane Fiscal Year 2007 Third Quarter Results Conference Call. In addition, a replay of the conference call will be available from 4:00 PM Thursday, August 9, 2007 until 11:59 PM, Friday, August 10, 2007 and can be accessed by dialing (800) 475-6701, Access Code 880285...

WHIPPANY, N.J., July 26 /PRNewswire-FirstCall/ -- Suburban Propane Partners, L.P. (NYSE: SPH), a marketer of propane gas, fuel oil and related products and services nationwide, today announced that its Board of Supervisors declared the fourteenth increase (since the Partnership's recapitalization in 1999) in the Partnership's quarterly distribution from $0.70 to $0.7125 per Common Unit for the three months ended June 30, 2007. The distribution equates to $2.85 per Common Unit annualized, an increase of $0.05 per Common Unit from the previous distribution rate, and is payable on August 14, 2007 to Common Unitholders of record as of August 7, 2007.

In announcing the increase in the distribution rate, Chief Executive Officer Mark A...