Growth in Home Heating Oil and Propane Volume
For the first 9 months of fiscal 2025, home heating oil and propane volume increased by 28 million gallons or 12% to 263 million gallons, reflecting colder temperatures and additional volume from acquisitions.
Increased Adjusted EBITDA
Adjusted EBITDA rose by $28 million to $170 million, primarily due to a $21 million increase in the base business and a $17 million increase from acquisitions.
Successful Acquisitions
The company closed on 4 transactions so far this fiscal year, with positive contributions from recent propane acquisitions.
Improved Service and Installation Business
The service and installation business contributed an increase in gross profit of $4.8 million year-to-date, with $2.7 million from acquisitions and $2.1 million from initiatives in the base business.