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SPH - Suburban Propane Partners: Distribution Halved But Could Make A Future Comeback
Suburban Propane Partners L.P.
Introduction
When Suburban Propane Partners (SPH) recently released their results for their third quarter of fiscal year 2020 following their decision to halve their distributions. This was a risk that I previously warned was a real possibility, but at least they still offer unitholders a high yield of around 9%. This article provides an update covering both their ability to sustain their new lower distributions as well as their ability to reinstate their previous distributions in the future.
Executive Summary and Ratings
Since many readers are likely short on time, the table below