Quarterly ResultMay 7, 2026, 10:51 AM
Suburban Propane 6-Month Net Income Up 17% to $183.3M
AI Summary
Suburban Propane Partners LP reported a 17.1% increase in net income for the six months ended March 28, 2026, reaching $183.3 million, despite a 4.1% decline in total revenues to $921.6 million. For the second fiscal quarter, net income slightly increased to $137.5 million, while revenues decreased by 6.2%. The company also recognized $3.5 million in Clean Fuel Production Tax Credits following new regulatory clarity.
Key Highlights
- Six-month net income increased 17.1% to $183.3 million.
- Six-month basic EPS rose 14.0% to $2.76 per common unit.
- Q2 net income slightly up 0.3% to $137.5 million; basic EPS $2.07.
- Total revenues for six months decreased 4.1% to $921.6 million.
- Net cash from operating activities increased 40.3% to $68.6 million.
- Recognized $3.5 million in Clean Fuel Production Tax Credits in Q2.
- Total assets grew to $2.43 billion from $2.30 billion since Sept 2025.
- Long-term borrowings increased to $1.26 billion from $1.21 billion.
Price Impact
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