Suburban Propane Partners stock reports a Q3 loss
Published on 10/01/2026 at 07:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Suburban Propane Partners (ISIN US8644821045) reported a fiscal Q3 2026 net loss of USD 17.5 million, or USD 0.26 per common unit, on August 6, 2026, according to Suburban Propane. The result keeps seasonal demand and weather at the center of the investment case as the energy distributor enters fiscal 2027.
Revenue beats despite seasonal pressure
Fiscal Q3 revenue reached USD 261.4 million for the three months ended June 27, 2026, up from USD 260.2 million in the prior-year quarter. MarketBeat reported that revenue exceeded the USD 255.0 million consensus estimate, while the USD 0.26 loss per unit missed the expected USD 0.15 loss.
The operating picture was weaker below revenue. Adjusted EBITDA declined to USD 18.0 million from USD 27.0 million, while retail propane volume fell 1.8 percent to 70.6 million gallons, according to Suburban Propane. The company attributed the volume pressure to warmer spring temperatures, with average temperatures across its service territories 17 percent warmer than normal.
Debt reduction offsets weaker EBITDA
Suburban Propane used operating cash flow and USD 6.6 million from its at-the-market unit program to repay USD 36.2 million under its revolving credit facility during fiscal Q3 2026. The quarterly distribution remained USD 0.325 per common unit, equal to an annualized USD 1.30.
The company also said its new anaerobic digester facility in Upstate New York entered service after the quarter, while a Columbus, Ohio facility was expected to enter service during fiscal Q4. That expansion gives the renewable natural gas business a concrete operating milestone alongside the seasonal propane business.
Analyst support meets a weak chart
Markets Insider reported on September 23, 2026, that Argus analyst Christine Dooley maintained a Buy rating on Suburban Propane. The same report said the broader analyst consensus was Moderate Buy, creating a contrast with the latest earnings miss.
On the NYSE, SPH was last at USD 16.44 on September 30, 2026 at 4:00 p.m. ET, with market capitalization of USD 1.1 billion. The quote was USD 0.13, or 0.80 percent, above the USD 16.31 52-week low and below the USD 20.80 52-week high.
Suburban Propane Partners at a glance
- Company: Suburban Propane Partners, L.P.
- ISIN: US8644821045
- Ticker: SPH
- Primary exchange: NYSE
- Market capitalization: USD 1.1 billion (as of September 30, 2026)
- 52-week range: USD 16.31-20.80 (as of September 30, 2026)
- Sector / Industry: Energy / Oil and Gas Energy
