Quarterly ResultAug 6, 2026, 08:04 AM
Suburban Propane Q3 Net Loss $17.5M; Adjusted EBITDA $18.0M
AI Summary
Suburban Propane Partners, L.P. reported a net loss of $17.5 million, or $0.26 per Common Unit, for its fiscal 2026 third quarter, compared to a net loss of $14.8 million in the prior year. Adjusted EBITDA decreased to $18.0 million from $27.0 million, primarily due to near-record warm temperatures impacting heat-related demand. Despite the challenges, the company reduced debt by over $36 million and placed a new anaerobic digester facility into service, with another expected in Q4.
Key Highlights
- Net loss for Q3 2026 was $17.5 million, or $0.26 per Common Unit.
- Adjusted EBITDA for Q3 2026 decreased to $18.0 million from $27.0 million.
- Retail propane gallons sold decreased 1.8% to 70.6 million due to warmer temperatures.
- Total gross margin for Q3 2026 was unchanged at $160.3 million.
- Repaid $36.2 million in borrowings under its revolving credit facility.
- Declared a quarterly distribution of $0.325 per Common Unit.
- New anaerobic digester facility in Upstate New York placed into service.
- Combined operating and G&A expenses increased 3.8% to $141.4 million.
Price Impact
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