Suburban Propane partner Q3 revenue misses estimates due to unseasonably warm temperatures

Suburban Propane Partners

07/08/2025 12:46

Overview

Suburban Propane Q3 revenue missed analyst expectations, adjusted EBITDA beat estimates

Net loss for fiscal Q3 improved to $14.8 mln, compared to $17.2 mln last year

Co reduced debt by $69 mln using cash flows and ATM program proceeds

Outlook

Company focuses on increasing RNG injection at Arizona facility

Suburban advancing capital projects in New York and Ohio

Result Drivers

WARM TEMPERATURES - Unseasonably warm temperatures impacted propane demand, per CEO Michael A. Stivala

DEBT REDUCTION - Co used excess cash flows and at-the-market (ATM) program proceeds to reduce debt by $69 mln

RNG CHALLENGES - Lower prices for environmental attributes under Renewable Fuel Standard impacted renewable natural gas revenues

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$260.20 mln
$270 mln (1 Analyst)
Q3 EPS
-$0.23
Q3 Net Income
-$14.84 mln
Q3 Adjusted EBITDA
Beat
$27.02 mln
$27 mln (1 Analyst)
Q3 EBITDA
$23.02 mln
Q3 Operating Income
$5.59 mln
Q3 Pretax Profit
-$14.59 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the oil & gas refining and marketing peer group is "buy"

Wall Street's median 12-month price target for Suburban Propane Partners LP is $17.00, about 5.4% below its August 6 closing price of $17.92

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nPnbrWyKwa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)