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Suburban Propane Partners' Earnings Mean Little Next to Its Planned Distribution Cut

TheMotleyFool

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Suburban Propane Partners' Earnings Mean Little Next to Its Planned Distribution Cut

It's no secret that Suburban Propane Partners' (NYSE: SPH) distribution was already preposterously high. After two straight years of record warm temperatures, the company's cash flow has been evaporating. In the company's most recent earnings announcement, management made the right call and said that it would cut its payout.

Let's take a look at the company's latest results and find out what management has in mind with this payout cut.

Image source: Getty Images.

Source: Fool.com