The earnings call highlighted strong counter-seasonal performance, successful debt reduction, and positive impacts from strategic acquisitions despite challenging weather conditions. However, the company faced a net loss and declines in RNG injection and revenue, with additional challenges in the agricultural segment and interest expenses. The overall sentiment is balanced between positive strategic outcomes and current financial challenges.

Company Guidance

During Suburban Propane Partners' third quarter earnings call for fiscal 2025, the company reported a net loss of $10.8 million, or $0.17 per common unit, compared to a net loss of $8 million, or $0.12 per common unit, in the prior year. Adjusted EBITDA remained steady at $27 million, with retail propane gallons sold reaching 71.9 million, consistent with the previous year. The company experienced a 4.7% increase in average wholesale propane prices compared to the prior year. Additionally, cash flow generation was strong, enabling a $69 million reduction in outstanding debt, improving the consolidated leverage ratio to 4.33x from 4.54x. The company maintained its quarterly distribution at $0.325 per common unit, equating to an annualized rate of $1.30 per common unit. Despite challenges, including higher customer tank inventories and operational downtime in renewable natural gas (RNG) operations, strategic acquisitions and customer base growth contributed to performance stability. The company remains focused on operational improvements and strategic growth in both core propane and renewable energy sectors.

Solid Counter-Seasonal Performance

Despite unseasonably warm temperatures, Suburban Propane delivered a solid counter-seasonal performance with propane volumes slightly up compared to the prior year.

Successful Debt Reduction

During the quarter, Suburban Propane used excess cash flows and proceeds from the ATM equity sales program to reduce outstanding debt by $69 million, improving the leverage profile.

Positive Impact from Propane Acquisition

The strategic propane acquisition in New Mexico, closed during the first fiscal quarter, positively impacted volumes contributing to a 6.6% increase in overall volumes compared to the last year.

Strong Cash Flow Generation

Strong cash flow generation in the fiscal third quarter was noted, with effective receivables collection contributing to this performance.

Distribution Coverage and Dividend Declaration

Suburban announced a quarterly distribution of $0.325 per common unit, with a healthy distribution coverage of 2.16x for the trailing 12 months ended June 2025.

Operational Improvements in RNG Facilities

Operational improvements at the Stanfield facility and developments at Columbus, Ohio and Upstate New York RNG facilities are expected to enhance long-term performance and increase RNG sales.

LCFS Credit Price Increase

Following amendments to the LCFS program, credit prices increased 30% since the amendments were finalized.

M&A Strategy and Pipeline

Suburban continues to evaluate M&A opportunities strategically to grow the core propane business and diversify the platform.

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)	-0.51 / -	-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 -0.51.

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