Suburban Propane Partners (NYSE:SPH) Issues Quarterly Earnings Results

Suburban Propane Partners (NYSE:SPH) announced its quarterly earnings results on Thursday. The energy company reported ($0.85) EPS for the quarter, missing the consensus estimate of ($0.58) by ($0.27), FiscalAI reports. The company had revenue of $219.86 million during the quarter, compared to analysts’ expectations of $217.00 million. Suburban Propane Partners had a net margin of 9.37% and a return on equity of 18.57%.

Here are the key takeaways from Suburban Propane Partners’ conference call:

• Fiscal 2026 adjusted EBITDA rose 2.2% to $284 million, while adjusted net income increased to $138.1 million, or $2.07 per common unit. Propane volumes grew 1%, and higher unit margins contributed to stronger gross margin.
• RNG injections increased 13%, and updated federal clean-fuel guidance supported $12.4 million in production tax credit benefits; the partnership also generated $11.3 million in investment tax credits. Two new facilities are expected to add about 300,000 MMBtus of annual production at full capacity, though Columbus was still awaiting final utility commissioning.
• The partnership raised its annualized distribution 7.7% to $1.40 per unit, with trailing-twelve-month distribution coverage of 2.13 times. Leverage improved to 4.13 times from 4.29 times, and fiscal 2027 capital spending is projected to decline to $60 million–$70 million as major RNG projects wind down.
• Wholesale propane prices rose sharply after fiscal year-end, reaching more than $1.30 per gallon in early November before easing to about $1.05, roughly 70% above the year-earlier level. Higher commodity costs may pressure margins or require price increases as the heating season proceeds.
• Results excluded a $23.1 million impairment of an early-stage energy technology investment and a $7.9 million goodwill impairment tied to the natural gas and electricity marketing business, which has been constrained by New York regulatory actions.

Suburban Propane Partners Stock Performance

Shares of Suburban Propane Partners stock traded down $0.31 during trading on Thursday, reaching $17.30. The company’s stock had a trading volume of 221,697 shares, compared to its average volume of 186,244. The company has a 50-day moving average price of $17.19 and a two-hundred day moving average price of $18.64. Suburban Propane Partners has a fifty-two week low of $16.25 and a fifty-two week high of $20.80. The company has a current ratio of 0.78, a quick ratio of 0.52 and a debt-to-equity ratio of 1.72. The firm has a market cap of $1.15 billion, a PE ratio of 9.42, a P/E/G ratio of 2.15 and a beta of 0.41.

Suburban Propane Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 10th. Stockholders of record on Tuesday, November 3rd were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 8.1%. This is a boost from Suburban Propane Partners’s previous quarterly dividend of $0.3250. The ex-dividend date was Tuesday, November 3rd. Suburban Propane Partners’s payout ratio is 71.43%.

Insider Transactions at Suburban Propane Partners

In related news, VP Bryon Koepke sold 2,848 shares of the firm’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $17.65, for a total value of $50,267.20. Following the completion of the sale, the vice president owned 100,714 shares in the company, valued at $1,777,602.10. This trade represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders have sold 3,360 shares of company stock valued at $58,710. Insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

SPH has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of Suburban Propane Partners from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings downgraded shares of Suburban Propane Partners from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, September 11th. Finally, Zacks Research lowered Suburban Propane Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, September 7th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Suburban Propane Partners Company Profile

Suburban Propane Partners, L.P. is an energy distributor that supplies propane, fuel oil and related products and services to residential, commercial, industrial and agricultural customers. Its offerings include heating fuels, equipment and services designed to support customers’ energy and home-comfort needs. The company also participates in the natural gas and electricity markets and invests in renewable energy initiatives. Its operations serve customers across much of the United States. Founded in 1928, Suburban Propane has grown from a regional propane business into a diversified energy provider.