Suburban Propane Reports 43% Rise in Net Income

By Tamara Parker • Thursday, November 13 10:22 • Permanent Link

Suburban Propane Partners, L.P. has announced its full-year and fourth-quarter results for fiscal year 2025. The company reported a significant increase in net income, with a 43% rise from $74.2 million in fiscal 2024 to $106.6 million in fiscal 2025. This translates to $1.15 per common unit in fiscal 2024 and $1.64 per common unit in fiscal 2025.

Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) increased by $28.0 million, or 11.2%, reaching $278.0 million for fiscal 2025 compared to $250.0 million in fiscal 2024.

The retail propane gallons sold in fiscal 2025 totaled 400.5 million gallons, indicating a 5.9% increase from the previous year. This growth was primarily driven by sustained widespread cold temperatures, increased demand for backup power generation in the southeast following hurricanes, and incremental volumes from recent propane acquisitions.

The average propane prices for fiscal 2025 increased by 5.8% compared to the prior year. Total gross margins also saw a notable increase, reaching $868.8 million for fiscal 2025, which is a $63.8 million, or 7.9%, rise compared to the prior year.

The combined operating and general and administrative expenses for fiscal 2025 increased by $23.7 million, or 4.2%, compared to the prior year.

In the fourth quarter of fiscal 2025, the partnership reported a net loss of $35.1 million, or $0.53 per common unit, compared to a net loss of $44.6 million, or $0.69 per common unit, in fiscal 2024.

The retail propane gallons sold in the fourth quarter of fiscal 2025 were 60.8 million gallons, marking a 1.8% increase compared to the prior year fourth quarter.

The company's fiscal year ended on September 27, 2025, and the results indicate a positive trend in various key financial metrics, showcasing growth and improved performance for Suburban Propane Partners, L.P. Today the company's shares have moved 0.0% to a price of $18.73. For the full picture, make sure to review SUBURBAN PROPANE PARTNERS LP's 8-K report.

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