SPH - Suburban Propane Partners: An 8% Yield From Fossil Fuel With Minimal Climate Change Risk

• Suburban Propane Partners still offers investors a high 8% distribution yield that is safe and sustainable for the foreseeable future.
• They were largely unaffected during 2020 despite the broad economic turmoil from the Covid-19 pandemic.
• Whilst the new Biden administration will help expedite the global push away from fossil fuels, they seem largely unaffected thanks to their niche focus on propane.
• This means that investors can realistically expect their distributions to keep flowing well into the long-term future.
• Whilst propane retailing is not a particularly exciting business, given this favorable outlook and their continued steady performance, I now believe that a bullish rating is appropriate.

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