Highest-materiality recent filing
Suburban Propane Q3 net loss $17.5M; Adjusted EBITDA down 33% to $18.0M
Net loss of $17.5M ($0.26/unit) vs. $14.8M ($0.23/unit) in prior-year Q3.
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.
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.
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.
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.
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%.
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).
Net income $19.4M ($0.30/unit) vs $24.5M ($0.38) YoY; Adjusted EBITDA flat at $75.3M.
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).
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.
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.
Suburban Propane Q1 net income drops 46% to $24.5M on warm weather; volumes down 2%
Net income $24.5M ($0.38/unit) vs $45.4M ($0.71/unit) a year ago; Adjusted EBITDA $75.2M vs $90.0M.
Suburban Propane FY2023 net income falls to $1.94/unit; RNG capacity targets 850K MMBtus/year
Net income $123.8M ($1.94/unit) vs $139.7M ($2.21/unit) in FY2022; Adjusted EBITDA $275M vs $291M.
Q2 net income drops 40% to $104.5M; RNG platform acquired for $190M
Net income $104.5M ($1.63/unit) vs $175.1M ($2.77/unit) in prior year; adjusted EBITDA $149.0M vs $172.5M.
Lawrence C. Caldwell that he intends to retire from the Board and the committees of the Board on which he serves, effective May 20, 2024.
On December 5, 2023, Suburban Propane Partners, L.P. (the “Partnership”) announced that Steven C. Boyd, its Chief Operating Officer, has declared his intention to retire effective January 1, 2025.
Simultaneously, the Partnership announced that Alejandro Centeno will serve as the successor to Mr. Boyd effective January 1, 2025.
Michael A. Kuglin, who has served as the Partnership’s Chief Financial Officer since 2014 and as its Chief Accounting Officer since 2009, will continue in his role as the Partnership’s Chief Financial Officer.
On November 7, 2023, Suburban Propane Partners, L.P. (the “Partnership”) appointed Daniel S. Bloomstein, the Partnership’s Vice President and Controller, as the Partnership’s Chief Accounting Officer, effective immediately.
the Board elected Ms. Amy M. Adams and Mr. Rommel M. Oates to fill the two vacancies on the Board following the increase in the size of the Board, effective as of May 5, 2023.
the Board elected Ms. Amy M. Adams and Mr. Rommel M. Oates to fill the two vacancies on the Board following the increase in the size of the Board, effective as of May 5, 2023.
Max materiality 0.75 · Median 0.30 · Most common event earnings