Quarterly ResultAug 6, 2026, 11:46 AM
Suburban Propane 9-Month Net Income Up 17% to $165.8M
AI Summary
Suburban Propane Partners reported a net loss of $17.5 million for the three months ended June 27, 2026, compared to a $14.8 million loss in the prior year. However, for the nine-month period, net income increased by 17% to $165.8 million. The company also recognized $4.6 million in Clean Fuel Production Tax Credits (PTCs) for the nine months, following recent regulatory clarity and the extension of the Section 45Z credit.
Key Highlights
- Nine-month net income increased 17% to $165.8 million.
- Nine-month basic EPS rose 14.2% to $2.49 per common unit.
- Three-month net loss was $17.5 million, up from $14.8 million loss YoY.
- Three-month revenues slightly increased 0.47% to $261.4 million.
- Recognized $4.6 million in Clean Fuel Production Tax Credits for nine months.
- Cash and cash equivalents stood at $5.03 million as of June 27, 2026.
- Total assets reached $2.36 billion, up from $2.30 billion in Sep 2025.
Price Impact
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