Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Suburban Propane Partners L.P. (SPH)
NYSE:SPH
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
2.18Last Year’s EPS
1.7Same Quarter Last Year
Moderate Sell
Based on 2 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: 0.74%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture. The company demonstrated resilience with stable EBITDA and strategic growth through acquisitions and renewable energy projects. However, it faced challenges such as decreased propane demand due to warm weather, increased expenses, and significant impairment charges on investments. Despite these challenges, the company maintains a strong distribution coverage and is well-positioned for future growth.Company Guidance
During the fiscal first quarter of 2025, Suburban Propane reported an adjusted EBITDA of $75.3 million, maintaining levels similar to the previous year, despite challenges such as unseasonably warm weather and a less active crop drying season. Retail propane sales reached 105.7 million gallons, a slight decline of 0.8% from the prior year, primarily due to warmer temperatures, which were 7% above normal. Propane revenues were supported by increased demand in the Southeast post-hurricanes Helene and Milton and a strategic acquisition in the Southwest, completed in November 2024. The company also faced a 15% rise in average wholesale propane prices, with prices trending between $0.85 to $0.90 per gallon. Additionally, Suburban Propane focused on advancing its renewable natural gas (RNG) projects, including maintenance and upgrades at their Stanfield facility and new constructions in New York and Ohio, expecting to complete by the end of 2025. The company reported a net income of $38 million or $0.59 per common unit, compared to $40.4 million or $0.63 per common unit in the previous year, with a distribution coverage of 1.87 times over the trailing twelve months. Despite elevated leverage at 4.99 times, the company plans to utilize increased earnings from growth projects and monetize production tax credits to improve its financial position.Solid Adjusted EBITDA Performance
Adjusted EBITDA for the first quarter of fiscal 2025 was $75.3 million, essentially flat compared to the prior year despite challenging conditions.
Strategic Propane Acquisition
Successfully closed on the acquisition of a propane business in New Mexico and Arizona for $53 million, contributing to strategic growth and market expansion.
Continued Growth in Renewable Energy Projects
Advancements in renewable natural gas projects with ongoing construction in New York and Ohio expected to be completed by the end of the calendar year.
Strong Distribution Coverage
Declared a quarterly distribution of $0.325 per common unit with a strong distribution coverage of 1.87 times for the trailing twelve-month period.
Improved Commodity Hedge Position
Reported an unrealized gain of $3.6 million on commodity hedges compared to a $10.8 million loss in the prior year.
---
SPH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
SPH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 06, 2025 | $21.64 | $20.74 | -4.16% |
| Nov 14, 2024 | $18.48 | $16.83 | -8.93% |
| Aug 08, 2024 | $16.34 | $16.37 | +0.18% |
| May 09, 2024 | $19.15 | $18.65 | -2.61% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Suburban Propane Partners L.P. (SPH) report earnings?
Suburban Propane Partners L.P. (SPH) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Suburban Propane Partners L.P. (SPH) earnings time?
Suburban Propane Partners L.P. (SPH) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SPH EPS forecast?
SPH EPS forecast for the fiscal quarter 2025 (Q2) is 2.18.
---