earnings
confidence high
sentiment negative
materiality 0.70
Suburban Propane FY2024 net income $74.2M, down 40% YoY; Q4 net loss $44.6M
SUBURBAN PROPANE PARTNERS LP
2024-FY EPS reported
$1.14
revenue$1,327,172,000
- Net income $74.2M ($1.15/unit) vs $123.8M ($1.94/unit) in FY2023; Adjusted EBITDA $250.0M (down from $275.0M).
- Retail propane gallons sold 378.3M, down 4.6% YoY; heating degree days 10% warmer than normal.
- Total gross margins $805.0M, down 4.1% YoY; propane unit margins up $0.02/gal.
- Post-year-end acquisition of a New Mexico/Arizona propane business for $53.0M.
- Quarterly distribution maintained at $0.325/unit ($1.30 annualized); paid Nov 12, 2024.