Suburban Propane Reports $14.8M Loss in Q3 2025

By Philip Seaworth • Thursday, August 07 10:27 • Permanent Link

Suburban Propane Partners, L.P. has reported its third-quarter results for fiscal 2025, ending on June 28, 2025. The net loss for the third quarter was $14.8 million, or $0.23 per common unit, compared to a net loss of $17.2 million, or $0.27 per common unit, for the third quarter of fiscal 2024.

Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the third quarter of fiscal 2025 was $27.0 million, unchanged from the prior year third quarter.

Retail propane gallons sold in the third quarter of fiscal 2025 were 71.9 million gallons, in line with the prior year third quarter. Average propane prices for the third quarter of fiscal 2025 increased by 4.7% compared to the prior year third quarter.

Total gross margin for the third quarter of fiscal 2025 was $160.6 million, unchanged from the prior year third quarter. Operating and general and administrative expenses of $136.3 million for the third quarter of fiscal 2025 increased $0.6 million, or 0.5%, compared to the prior year third quarter.

The partnership utilized cash flows from operating activities and net proceeds of $8.1 million from the issuance of common units under its ATM program to repay $69.0 million in borrowings under its revolving credit facility.

The consolidated leverage ratio, as defined in the partnership’s credit agreement, for the twelve-month period ended June 28, 2025, improved to 4.33x compared to the previous period.

The partnership's board of supervisors declared a quarterly distribution of $0.325 per common unit for the three months ended June 28, 2025, payable on August 12, 2025.

Suburban Propane Partners, L.P. remains focused on increasing RNG injection at its production facility in Stanfield, Arizona, and advancing capital projects to construct the anaerobic digester system in upstate New York and the gas upgrade equipment at its existing anaerobic digestion facility in Columbus, Ohio. The market has reacted to these announcements by moving the company's shares -2.13% to a price of $17.92. Check out the company's full 8-K submission here.

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