Return to normal weather a welcome change for Suburban.
We are maintaining our $25 fair value estimate and stable, narrow moat rating for Suburban Propane Partners after the partnership reported its propane, refined fuels, and energy marketing businesses generated $93.2 million in adjusted EBITDA for the first quarter of fiscal 2018, compared with $84.3 million in the year-ago period. We are maintaining our fiscal 2018 adjusted EBITDA expectation, which assumes the return of normal weather for the year. Management does not issue earnings guidance.T...
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