SPH
Suburban Propane Partners, L.P.18.74
-0.21-1.11%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q1 '26
No Q&A; remarks stand firm.
No analyst questions surfaced on Suburban Propane's fiscal 2026 Q1 call, leaving prepared remarks unchallenged amid reports of 4.2% higher retail propane volumes to 110.2 million gallons and adjusted EBITDA up 10.8% to $83.4 million from cold Eastern weather. RNG daily injections rose sequentially and year-over-year, with new facilities on track for H2 start. Leverage improved to 4.57x. No pushback on acquisitions or capex. Silence from analysts. Management's steady tone on storm response reassures; investors will eye heating season cash flows and RNG execution.
Key Stats
Market Cap
1.24BP/E (TTM)
11.57Basic EPS (TTM)
1.62Dividend Yield
0.07%Recent Filings
8-K
Q1 earnings soar on volumes
Suburban Propane kicked off fiscal 2026 with Q1 net income of $45.8M, up from $19.4M last year, as retail propane volumes rose 4.2% to 110.2M gallons on cooler Eastern weather. Adjusted EBITDA climbed 10.8% to $83.4M, fueled by higher margins and volumes, while the firm snapped up two California propane businesses for $24M and refinanced $350M notes due 2027 with 2035 paper. Leverage eased to 4.57x. Acquisitions demand smooth integration.
10-Q
Q1 FY2026 results
Suburban Propane posted Q1 FY2026 revenues of $370.4M, down 0.8% y/y, yet operating income jumped 14.6% y/y to $67.7M (derived) on lower cost of products sold and 4.2% higher retail propane volumes amid mixed weather. Net income soared to $45.8M or $0.69 per diluted unit (66.5M shares), up from $19.4M or $0.30, thanks to propane margins and no repeat of prior-year renewable impairments. Cash dipped to $1.3M while debt climbed to $1.3B, including new 6.5% notes due 2035 that refinanced 2027 maturities; revolver drew to $265M of $500M capacity. Acquired two California propane assets for $24M total. Weather volatility still threatens demand.
8-K
Declares $0.325 Q1 distribution
8-K
Q1 earnings call set
8-K
Closes $350M notes offering
Suburban Propane completed a $350 million 6.500% senior notes offering due 2035 on December 22, 2025, netting $344.3 million. Proceeds, plus revolver borrowings, fully redeem its 5.875% notes due 2027 on January 7, 2026. Notes are unsecured, senior yet structurally subordinated to subsidiaries. Covenants curb debt and payouts.
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