Suburban Propane Partners ( (SPH) ) has released its Q4 earnings. Here is a breakdown of the information Suburban Propane Partners presented to its investors.
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Suburban Propane Partners, L.P. is a publicly traded master limited partnership that distributes propane, renewable propane, renewable natural gas, fuel oil, and related products across the United States, while also investing in low carbon fuel alternatives. In their latest earnings report for the fiscal year 2024, Suburban Propane reported a net income of $74.2 million, down from $123.8 million the previous year, influenced by unseasonably warm temperatures and lower propane volumes. Key financial metrics highlighted a decrease in adjusted EBITDA to $250 million from $275 million, alongside a decline in total gross margins by 4.1%. Despite these challenges, the company made strategic acquisitions and investments in renewable energy projects, including the enhancement of their RNG operations. Looking forward, Suburban Propane remains committed to advancing its strategic growth initiatives in propane and renewable energy, while maintaining a disciplined capital deployment approach and strengthening its balance sheet.
