Suburban Propane Q3 net loss widens to $5.3M; adjusted EBITDA rises 13% to $33M

SUBURBAN PROPANE PARTNERS LP

2023-Q3 EPS reported $2.25 revenue$1,202,599,000

Net loss of $5.3M ($0.08/unit) vs $2.5M loss in prior-year Q3.
Adjusted EBITDA $33.0M, up 13.2% from $29.2M, driven by 3.9% volume increase.
Retail propane gallons sold 78.5M, up 3.9% YoY on cooler spring temperatures.
Quarterly distribution of $0.325/unit ($1.30 annualized) declared.
Repaid $20.5M on revolving credit; acquired a retail propane business on west coast.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SUBURBAN PROPANE PARTNERS LP reported third quarter ended June 24, 2023 results: net income Net loss for the third quarter of fiscal 2023 was $5.3 million, EPS $0.08 per Common Unit.

Period: third quarter ended June 24, 2023
Net income: Net loss for the third quarter of fiscal 2023 was $5.3 million
EPS: $0.08 per Common Unit
Result: reported results

Exact text from the filing

Net loss for the third quarter of fiscal 2023 was $5.3 million, or $0.08 per Common Unit, compared to a net loss of $2.5 million, or $0.04 per Common Unit, in the fiscal 2022 third quarter.

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Source: SEC EDGAR

accession 0000950170-23-037609

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