Suburban Propane reports Q2 EPS $1.72 vs $1.62 last year

Reports Q2 revenue $498.087M vs $526.501M last year. In announcing these results, President and Chief Executive Officer, Michael Stivala said, “The fiscal 2024 second quarter was characterized by an inconsistent weather pattern and unseasonably warm weather across much of our operating footprint. With the exception of a short burst of extreme cold weather in mid-January, average temperatures were warmer than the prior year, which negatively impacted customer demand for heating purposes. In the markets where we experienced cooler weather compared to the prior year, such as the southeast, our volumes responded favorably. Our field operations once again did an outstanding job managing the things they can control, which is operating safely, managing our selling prices, controlling expenses and executing on our customer base growth and retention initiatives — all of which helped mitigate the impact of warm weather on volumes sold.”