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Suburban Propane Partners L.P. (SPH)
NYSE:SPH
Earnings Data
Report Date
Aug 07, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
-0.19Last Year’s EPS
-0.14Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: -5.93%
|Next Earnings Date:Aug 07, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong performance in the propane segment with significant volume increases and financial improvements, supported by strategic acquisitions and partnerships. However, challenges in the renewable natural gas segment and increased operating expenses posed some concerns.Company Guidance
During the Suburban Propane Partners Second Quarter Earnings Conference Call for fiscal 2025, the company reported a 15.5% increase in propane volumes compared to the prior year's quarter, resulting in a $28 million or 19.1% increase in adjusted EBITDA. The company achieved a net income of $136.9 million or $2.11 per common unit, compared to $110.3 million or $1.71 per common unit in the prior year. Retail propane gallons sold in the quarter were 162 million gallons, and average temperatures were 5% warmer than normal and 9% cooler than the prior year's second quarter. The company raised $8.8 million through its ATM equity sales program, which was utilized to repay debt. Additionally, the company is advancing capital projects in Columbus, Ohio, and Upstate New York, and integrating a recent $53 million propane business acquisition. The company also discussed its renewable natural gas (RNG) operations, facing some challenges with lower California LCFS credits and D3 RIN prices, while continuing to enhance RNG production and efficiency at its Stanfield facility. The official propane partnership with NASCAR was highlighted as a strategic sponsorship to enhance brand visibility and align with sustainability initiatives.Increase in Propane Volumes
Propane volumes for the quarter increased 15.5% compared to the prior year second quarter, marking the highest propane volume since 2018 during January 2025.
Adjusted EBITDA Growth
Adjusted EBITDA for the quarter increased by $28 million or 19.1% compared to the prior year second quarter.
Successful Propane Acquisition
The integration of a propane business acquired in New Mexico and Arizona exceeded expectations, marking the largest single propane acquisition since 2012.
Improved Financial Metrics
Consolidated leverage ratio improved to 4.54 times from 4.99 times at the end of the first quarter, and distribution coverage remained strong at 2.17 times.
Launch of ATM Equity Sales Program
Launched an ATM equity sales program, raising $8.8 million in net proceeds, which were used to repay outstanding debt under the revolver.
Partnership with NASCAR
Suburban Propane became the official propane partner of NASCAR, providing propane for new track dryers and other services at NASCAR events.
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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
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SPH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| May 08, 2025 | $20.06 | $18.87 | -5.93% |
| Feb 06, 2025 | $21.29 | $20.41 | -4.13% |
| Nov 14, 2024 | $18.18 | $16.56 | -8.91% |
| Aug 08, 2024 | $16.08 | $16.11 | +0.19% |
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.
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FAQ
When does Suburban Propane Partners L.P. (SPH) report earnings?
Suburban Propane Partners L.P. (SPH) is schdueled to report earning on Aug 07, 2025, TBA Not Confirmed.
What is Suburban Propane Partners L.P. (SPH) earnings time?
Suburban Propane Partners L.P. (SPH) earnings time is at Aug 07, 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 (Q3) is -0.19.
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