The earnings call for Suburban Propane Partners reflected a balanced outlook, with several strategic achievements such as debt reduction, a strategic acquisition, and growth in renewable energy initiatives. However, challenges in RNG production and decreased federal D3 RIN prices, along with a higher net loss, offset some of the positive developments.

Company Guidance -

Q4 2025

In the Suburban Propane Partners Third Quarter Earnings Conference Call for fiscal year 2025, several key metrics were discussed. Despite unseasonably warm temperatures, propane volumes for the third quarter slightly increased compared to the previous year. Average daily renewable natural gas (RNG) injection declined slightly due to operational improvements and power outages. However, improvements at the Stanfield, Arizona facility and advancing projects in Columbus, Ohio, and Upstate New York aim to enhance future RNG production. Financially, the company experienced a net loss of $10.8 million or $0.17 per common unit, compared to a $8 million loss or $0.12 per unit the previous year. Adjusted EBITDA remained steady at $27 million, while retail propane gallons sold were 71.9 million, consistent with the prior year. Operating and G&A expenses were roughly flat at $135.8 million, with a noted gain from insurance recovery. The company reduced debt by $69 million, improving the consolidated leverage ratio to 4.33x from 4.54x, aided by strong cash flow and proceeds from common units sales. The Board declared a quarterly distribution of $0.325 per common unit, translating to an annualized rate of $1.30 per unit, with a healthy distribution coverage of 2.16x.

Strong Counter-Seasonal Performance

Despite unseasonably warm temperatures and commodity price volatility, Suburban Propane Partners delivered a solid third quarter performance with propane volumes up slightly compared to the previous year.

Debt Reduction and Improved Leverage

Suburban Propane Partners reduced outstanding debt by $69 million, improving the consolidated leverage ratio from 4.54x to 4.33x.

Strategic Propane Acquisition

The acquisition in New Mexico during the first fiscal quarter showed benefits in the third quarter, contributing to customer base growth.

Renewable Natural Gas (RNG) Expansion

Operational improvements and capital projects at RNG facilities in Columbus, Ohio, and Upstate New York are expected to boost RNG sales once fully operational.

Increased LCFS Credit Prices

LCFS credit prices increased by 30% following amendments to the LCFS program, which aim to accelerate carbon reduction targets.

Distribution Declared

A quarterly distribution of $0.325 per common unit was declared, equating to an annualized rate of $1.30 per common unit, with a healthy distribution coverage of 2.16x.

Collaborative Growth in Hydrogen

Suburban Propane Partners looks forward to collaborating with Sumitomo Corporation of Americas to accelerate Independent Hydrogen's localized hydrogen production and distribution model.

Suburban Propane (SPH) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SPH Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 13, 2025	2025 (Q4)	-0.53 / -	-0.542	―	―	―
Aug 07, 2025	2025 (Q3)	-0.17 / -0.18	-0.136	-29.41% (-0.04)	―
May 08, 2025	2025 (Q2)	2.21 / 2.10	1.699	23.37% (+0.40)	―
Feb 06, 2025	2025 (Q1)	0.70 / 0.59	0.628	-6.53% (-0.04)	―
Nov 14, 2024	2024 (Q4)	-0.41 / -0.54	-0.524	-3.44% (-0.02)	―
Aug 08, 2024	2024 (Q3)	-0.04 / -0.14	-0.034	-300.00% (-0.10)	―
May 09, 2024	2024 (Q2)	1.90 / 1.70	1.743	-2.52% (-0.04)	―
Feb 08, 2024	2024 (Q1)	0.64 / 0.63	0.924	-32.03% (-0.30)	―
Nov 09, 2023	2023 (Q4)	-0.45 / -0.52	-0.441	-18.82% (-0.08)	―
Aug 03, 2023	2023 (Q3)	-0.07 / -0.03	-0.025	-36.00% (>-0.01)	―

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
Aug 07, 2025	$17.92	$17.47	-2.51%
May 08, 2025	$19.72	$18.55	-5.93%
Feb 06, 2025	$20.93	$20.06	-4.16%
Nov 14, 2024	$17.87	$16.28	-8.90%

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 Nov 13, 2025, TBA (Confirmed).

What is Suburban Propane Partners L.P. (SPH) earnings time?

Suburban Propane Partners L.P. (SPH) earnings time is at Nov 13, 2025, 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 2025 (Q4) is -0.53.

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