Suburban Propane Q2 net income up 6.7% to $111.5M; volumes down 2.7% on warm weather

SUBURBAN PROPANE PARTNERS LP

2024-Q2 EPS reported $2.10 revenue$863,921,000

Net income per unit $1.73; Adjusted EBITDA $147M vs $149M year ago.
Retail propane gallons sold 140.2M gallons, down 2.7% due to warm winter.
Total gross margin $308.0M, up 4.4% excluding mark-to-market gain.
Repaid $32.3M debt; leverage ratio improved to 4.61x.
Quarterly distribution $0.325/unit; RNG facility progress, two projects expected completion H2 2025.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SUBURBAN PROPANE PARTNERS LP reported second quarter ended March 30, 2024 results: net income $111.5 million, EPS $1.73 per Common Unit.

Period: second quarter ended March 30, 2024
Net income: $111.5 million
EPS: $1.73 per Common Unit
Result: reported results

Exact text from the filing

Net income for the second quarter of fiscal 2024 was $111.5 million, or $1.73 per Common Unit

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Source: SEC EDGAR

accession 0000950170-24-056290

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