earnings
confidence high
sentiment negative
materiality 0.70
Suburban Propane Q3 net loss $17.2M, adj. EBITDA $27.0M, retail gallons down 8.6% YoY
SUBURBAN PROPANE PARTNERS LP
2024-Q3 EPS reported
$1.83
revenue$1,118,531,000
- Net loss $17.2M ($0.27/unit) vs $5.3M loss a year ago; Adjusted EBITDA $27.0M vs $33.0M.
- Retail propane gallons sold 71.7M, down 8.6% YoY due to warmer weather; heating degree days 14% warmer than normal.
- Completed two propane acquisitions in NV and FL for over $12M; repaid $10.5M on credit facility.
- Quarterly distribution declared at $0.325/unit ($1.30 annualized), payable Aug 13 to holders of record Aug 6.
- RNG operations: Stanfield facility improvements increasing feedstock and daily injection; Columbus and Adirondack construction progressing.