Suburban Propane Partners' Distribution Cut Overshadows Its Earnings Results

Suburban Propane Partners' Distribution Cut Overshadows Its Earnings Results

Anyone who's followed Suburban Propane Partners (NYSE: SPH) over the past year or so knew that a distribution cut was coming, but we just didn't know how much the cut would be. This most recent quarter, management announced the ultimate fate of its payout to investors and tried to give investors some hope that it will be able to navigate this string of tough years.

Here's a look at the company's most recent earnings results as well as why management thinks this payout cut will be the remedy for Suburban's wounded financial statements.

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Source: Fool.com