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Suburban Propane Partners L.P. (SPH)
NYSE:SPH
Holding SPH?
Track your performance easily
Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.65Last Year’s EPS
0.63Same Quarter Last Year
Moderate Sell
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 15, 2018
|% Change Since: 5.12%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted Suburban Propane's strategic growth through acquisitions and operational resilience, despite challenges from warm weather affecting earnings and increased debt levels. The company remains focused on its core propane business and renewable energy investments, receiving positive recognition for its efforts.Company Guidance
During the Suburban Propane Partners Fourth Quarter and Fiscal Year-End Earnings Conference Call on November 14, 2024, the company provided a comprehensive overview of its financial and operational performance. For fiscal 2024, Suburban Propane reported an adjusted EBITDA of $250 million, down from $275 million in the previous year, primarily due to a 3% decrease in propane volumes, impacted by unseasonably warm weather that reduced heating demand. The full year saw retail propane sales decline by 4.6% to 378 million gallons, while average temperatures were 10% warmer than normal. Despite these challenges, the company achieved a slight increase in propane unit margins by $0.02 per gallon, contributing to a total gross margin of $819.6 million. Capital spending amounted to $59.4 million, reflecting investments in renewable natural gas (RNG) facilities, notably enhancing production capacity. The RNG facility in Stanfield, Arizona, reached a peak daily injection of 1,535 MMBtus, with an average of 1,049 MMBtus per day, a 20% increase from the prior year. Suburban Propane also expanded its footprint through acquisitions in strategic markets for $67 million, including a significant acquisition in New Mexico and Arizona, adding over 14,000 customers. The company emphasized its strategic focus on balancing core propane growth with investments in renewable energy, leveraging its strong balance sheet to support long-term sustainability goals.Resilient Operational Response to Hurricanes
Suburban Propane demonstrated exceptional operational resilience and community support following Hurricanes Helene and Milton in the Southeast, highlighting the dedication of their team and effective emergency preparedness.
RNG Production Increase
RNG production levels reached a peak daily injection of 1,535 MMBtus, with an overall average increase of 20% compared to the prior year.
Strategic Acquisitions
Suburban Propane acquired and integrated 3 propane businesses in strategic markets, and closed a larger acquisition in New Mexico and Arizona for $53 million, expanding their customer base by over 14,000.
Recognition and Awards
The company received multiple awards for gender diversity, veteran support, and renewable energy initiatives, enhancing its corporate reputation.
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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 |
|---|---|---|---|
| Nov 14, 2024 | $18.76 | $17.09 | -8.90% |
| Aug 08, 2024 | $16.59 | $16.62 | +0.18% |
| May 09, 2024 | $19.44 | $18.94 | -2.57% |
| Feb 08, 2024 | $18.68 | $18.82 | +0.75% |
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 Feb 06, 2025, TBA Not Confirmed.
What is Suburban Propane Partners L.P. (SPH) earnings time?
Suburban Propane Partners L.P. (SPH) earnings time is at Feb 06, 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 (Q1) is 0.65.
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