Recent 8-K filings for SPH
Highest-materiality recent filing
Suburban Propane Q1 net income $45.8M ($0.69/unit), up from $19.4M; Adj. EBITDA +10.8% to $83.4M
- 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.
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Suburban Propane Q1 net income $45.8M ($0.69/unit), up from $19.4M; Adj. EBITDA +10.8% to $83.4M
Q1 volumes sold up 4.2% to 110.2M gallons on colder East temperatures; gross margin +15.9% to $239.5M.
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Suburban Propane prices $350M 6.5% senior notes due 2035, redeems 5.875% 2027 notes
Issued $350M aggregate principal amount of 6.500% senior notes due 2035 at par.
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Suburban Propane FY2025 net income $106.6M ($1.64/unit); Adjusted EBITDA up 11.2% to $278M
Net income $106.6M ($1.64/unit) vs $74.2M ($1.15/unit) prior year; Q4 net loss $35.1M ($0.53/unit) vs $44.6M loss prior year.
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Suburban Propane Q3 net loss narrows to $14.8M; Adj. EBITDA flat at $27.0M
Net loss of $14.8M ($0.23/unit) vs $17.2M ($0.27/unit) in prior-year Q3.
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Suburban Propane Q2 net income $137.1M ($2.11/unit) vs $111.5M; Adj. EBITDA up 19% to $175M
Net income $137.1M ($2.11/unit) vs $111.5M ($1.73/unit) YoY; Adj. EBITDA $175M, +19.1%.
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Suburban Propane enters $100M at-the-market equity distribution agreement with four banks
Up to $100M of common units may be sold through an ATM program (Equity Distribution Agreement).
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Net income $19.4M ($0.30/unit) vs $24.5M ($0.38) YoY; Adjusted EBITDA flat at $75.3M.
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Suburban Propane FY2024 net income $74.2M, down 40% YoY; Q4 net loss $44.6M
Net income $74.2M ($1.15/unit) vs $123.8M ($1.94/unit) in FY2023; Adjusted EBITDA $250.0M (down from $275.0M).
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Suburban Propane Q3 net loss $17.2M, adj. EBITDA $27.0M, retail gallons down 8.6% YoY
Net loss $17.2M ($0.27/unit) vs $5.3M loss a year ago; Adjusted EBITDA $27.0M vs $33.0M.
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Suburban Propane Q2 net income up 6.7% to $111.5M; volumes down 2.7% on warm weather
Net income per unit $1.73; Adjusted EBITDA $147M vs $149M year ago.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.75 · Median 0.30 · Most common event earnings