Suburban Propane Q3 net loss widens as warm weather cuts demand

Suburban Propane Partners

06/08/2026 12:52

Overview
U.S. propane distributor's fiscal Q3 net loss widened, with adjusted EBITDA declining yr/yr
Quarter impacted by warmer temperatures, reducing heat-related demand and propane volumes sold
Company reduced debt by over $36 mln using excess cash flows and equity proceeds

Outlook
Company expects all three RNG facilities to be operational entering fiscal 2027

Result Drivers
WARMER WEATHER - Near-record warm temperatures in April reduced heat-related demand and propane volumes sold
CUSTOMER TANK LEVELS - Higher residential customer tank levels from prior quarter deliveries further reduced demand
OPERATING COSTS - Higher payroll, benefits, and vehicle costs increased expenses, partially offset by lower variable compensation and RNG production tax credits

Company press release: ID:nPn78ccdSa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Loss Per Share
 
$0.26
 
Q3 Net Loss
 
$17.53 mln
 
Q3 Adjusted EBITDA
 
$18.01 mln
 
Q3 EBITDA
 
$18.18 mln
 
Q3 Operating Income
 
$2.22 mln
 
Q3 Pretax Loss
 
$17.35 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, L.P. is $17.00, about 4.8% below its August 5 closing price of $17.86
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 11 three months ago

Reuters Recommended Reads
Aug 5 - Star Group Q3 net loss widens due to unfavorable derivative changes and higher expenses
Aug 5 - UGI Q3 revenue falls on divestiture impact
Aug 5 - Montauk Renewables Q2 revenue beats estimates on higher RINs sales

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)