earnings
confidence high
sentiment positive
materiality 0.75
Suburban Propane Q1 net income $45.8M ($0.69/unit), up from $19.4M; Adj. EBITDA +10.8% to $83.4M
SUBURBAN PROPANE PARTNERS LP
2026-Q1 EPS reported
$0.69
revenue$370,386,000
- Q1 volumes sold up 4.2% to 110.2M gallons on colder East temperatures; gross margin +15.9% to $239.5M.
- Refinanced $350M 5.875% senior notes due 2027 with new 6.50% notes due 2035, extending maturities 3 years.
- Acquired two propane businesses in California for $24M; RNG facility commissioning started in Upstate NY.
- Quarterly distribution declared $0.325/unit ($1.30 annualized), payable Feb 10, 2026.
- Consolidated Leverage Ratio improved to 4.57x from 4.99x YoY.