Suburban Propane Q1 net income jumps, EBITDA up 10.8%

Suburban Propane Partners

05/02/2026 12:37

Overview

Propane distributor's fiscal Q1 net income rose significantly yr/yr

Adjusted EBITDA for fiscal Q1 improved 10.8%, driven by higher propane volumes

Company acquired two propane businesses in California for $24 mln

Outlook

Suburban Propane progresses RNG facility projects in New York and Ohio

Result Drivers

COOLER TEMPERATURES - Cooler average temperatures in the Northeast, Mid-Atlantic, and Midwest drove a 4.2% increase in propane volumes sold, according to CEO Michael A. Stivala

RNG OPERATIONS - Improved RNG injection due to increased facility uptime and operational enhancements in Arizona, with new facility commissioning in New York

STRATEGIC ACQUISITIONS - Acquired two propane businesses in California for $24 mln, advancing strategic growth plans

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.69
Q1 Net Income
$45.78 mln
Q1 Adjusted EBITDA
$83.41 mln
Q1 EBITDA
$82.63 mln
Q1 Operating Income
$67.65 mln
Q1 Pretax Profit
$46.01 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"

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nPn7LZwzna

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(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.)