Suburban Propane Partners, L.P. Announces Third Quarter Results
Suburban Propane Partners reported a fiscal third-quarter net loss of $17.5 million, or $0.26 per unit, widening from a $14.8 million loss in the prior year, while Adjusted EBITDA fell 33% to $18.0 million. Management attributed the decline to near-record warm temperatures in April, which reduced heat-related demand, though volumes were partially offset by growth in counter-seasonal customers.
Key figures
- Revenue
- $261.4 million
- Atm proceeds
- $6.6 million
- Gross margin
- $160.3 million
- Debt repayment
- $36.2 million
- Adjusted ebitda
- $18.0 million
- Dividend per share
- $0.325
- Retail gallons sold
- 70.6 million
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