BUZZ-Suburban Propane falls after smaller Q1 profit

Reuters

02-07

BUZZ-Suburban Propane falls after smaller Q1 profit

** 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))

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