Earnings ·
Suburban Propane Partners reported a net loss of $17.5 million ($0.26 per Common Unit) for its third quarter ended…
SPHSuburban Propane Partners LP
Suburban Propane Partners reported a net loss of $17.5 million ($0.26 per Common Unit) for its third quarter ended June 27, 2026, compared to a $14.8 million loss in the prior year period. Adjusted EBITDA declined to $18.0 million from $27.0 million, driven by near-record warm temperatures that reduced heat-related demand and lower retail propane volumes sold of 70.6 million gallons, down 1.8%. Total gross margin remained flat at $160.3 million despite a $3.9 million decrease excluding non-cash derivative adjustments. The Partnership used excess cash flows and ATM proceeds to repay $36.2 million in debt, reducing its leverage ratio slightly to 4.35x. Additionally, the Board declared a quarterly distribution of $0.325 per Common Unit for the quarter ended June 27, 2026, payable on August 11, 2026 to holders of record as of August 4, 2026. Suburban Propane Partners is a nationwide distributor of propane, renewable natural gas, fuel oil, and related energy products.