Recent Updates — SPH
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.
Suburban Propane Partners, L.P. declared a quarterly distribution of $0.0325 per Common Unit, payable on August 11, 2026, to unitholders of record as of August 4, 2026. The company is a nationwide distributor of propane, renewable propane, renewable natural gas, and related energy products and services.
Suburban Propane Partners, L.P. announced the scheduling of its Fiscal 2026 Third Quarter Results Conference Call for August 6, 2026, at 9:00 AM Eastern Time. Suburban Propane Partners, L.P. is a nationwide distributor of propane, renewable propane, renewable natural gas, and related energy products and services.