Suburban Propane FY2022 net income $139.7M ($2.21/unit); adj. EBITDA up 5.6% to $291.0M

SUBURBAN PROPANE PARTNERS LP

2022-FY EPS reported $2.18 revenue$1,501,465,000

Net income $139.7M ($2.21/unit) vs $122.8M ($1.96/unit) in FY2021.
Adjusted EBITDA $291.0M, up 5.6% from $275.7M; retail propane gallons 401.3M, down 4.4%.
Repaid $42.4M debt; leverage ratio improved to 3.60x from 3.96x.
Strategic investments: 25% stake in Independence Hydrogen ($30M), Propane+rDME facility, RNG agreement, Iwatani collaboration.
Q4 net loss $54.2M vs $16.4M loss; quarterly distribution $0.325/unit paid Nov 8.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SUBURBAN PROPANE PARTNERS LP reported fourth quarter ended September 24, 2022 results: net income $54.2 million, EPS $0.86 per Common Unit.

Period: fourth quarter ended September 24, 2022
Net income: $54.2 million
EPS: $0.86 per Common Unit
Result: reported results

Exact text from the filing

Net loss for the fourth quarter of fiscal 2022 was $54.2 million, or $0.86 per Common Unit, compared to a net loss of $16.4 million, or $0.26 per Common Unit, in fiscal 2021.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SUBURBAN PROPANE PARTNERS LP reported fiscal year ended September 24, 2022 results: net income $139.7 million, EPS $2.21 per Common Unit.

Period: fiscal year ended September 24, 2022
Net income: $139.7 million
EPS: $2.21 per Common Unit
Result: reported results

Exact text from the filing

Net income for fiscal 2022 was $139.7 million, or $2.21 per Common Unit, compared to $122.8 million, or $1.96 per Common Unit, in fiscal 2021.

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SUBURBAN PROPANE PARTNERS LP filing history →

Source: SEC EDGAR

accession 0000950170-22-024174

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