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Suburban Propane Partners L.P. (SPH)
NYSE:SPH
Earnings Data
Report Date
May 07, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.1Last Year’s EPS
2.1Same Quarter Last Year
Moderate Sell
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a predominantly positive operational and financial performance: solid top-line volume growth, double-digit adjusted EBITDA improvement (+10.8%), higher net income and EPS, progress on RNG projects, targeted acquisitions, and proactive balance-sheet actions (refinancing and improved leverage). Headwinds include weaker wholesale propane prices (down 14%), elevated inventories (up 34% YoY), modest expense increases, weather-driven regional demand variability, and seasonally higher revolver borrowings — but management frames these as manageable and consistent with strategy. On balance, the positive operational momentum, margin expansion, RNG and M&A progress, and strong distribution coverage outweigh the near-term market and cost pressures.Company Guidance
Adjusted EBITDA Growth
Adjusted EBITDA of $83.4 million for the quarter, an increase of $8.1 million or 10.8% year-over-year, driven by higher volumes and improved unit margins.
Net Income and EPS Improvement
Net income was $46.6 million (or $0.70 per common unit), up from $38.0 million (or $0.59 per common unit) in the prior year quarter — an increase of about 22.6% in net income and ~18.6% in EPS.
Volume Increase — Retail Propane Sales
Retail propane gallons sold totaled 110.2 million gallons, up 4.2% year-over-year, driven by colder weather in the Eastern U.S. and organic customer base growth plus recent acquisitions.
Gross Margin and Unit Margin Expansion
Gross margin (excluding mark-to-market commodity hedge adjustments) was $238.6 million, up $16.1 million or 7.2% year-over-year; propane unit margins increased by $0.08 per gallon (approximately +4%).
RNG Operational Progress
RNG average daily injection increased sequentially and year-over-year due to operational enhancements at Stanfield, AZ; commissioning began on a new anaerobic digester in Upstate NY in December 2025; Columbus gas upgrade work progressing. RNG capital projects remain on track for completion toward the end of Q2 with injections planned in the second half of the fiscal year.
Disciplined Capital Allocation and Acquisitions
Total capital spending for the quarter was $19.8 million ($13.0 million for propane operations and $6.8 million for RNG growth). Completed acquisition of two California propane businesses for $24 million and continued disciplined investment in growth projects.
Balance Sheet Actions and Distribution
Refinanced 2027 senior notes at an attractive rate with a ten-year maturity, maintained strong distribution coverage at 2.19x (trailing twelve months) and declared a quarterly distribution of $0.0325 per common unit (annualized $1.30). Consolidated leverage improved to 4.57x from 4.99x year-over-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 05, 2026 | $20.01 | $20.13 | +0.60% |
Nov 13, 2025 | $18.43 | $18.73 | +1.66% |
Aug 07, 2025 | $17.32 | $16.88 | -2.51% |
May 08, 2025 | $19.05 | $17.92 | -5.93% |
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 07, 2026, TBA (Confirmed).
What is Suburban Propane Partners L.P. (SPH) earnings time?
Suburban Propane Partners L.P. (SPH) earnings time is at May 07, 2026, TBA (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 2026 (Q2) is 2.1.