Suburban Propane Partners stock trades at USD 16.47 after Q3 loss

Published on 09/28/2026 at 23:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Suburban Propane Partners stock follows a fiscal Q3 net loss of USD 17.5 million reported August 6, 2026. Adjusted EBITDA fell to USD 18.0 million while annualized distributions held at USD 1.30.

SPH, US8644821045, Illustration mit AI erstellt.

Suburban Propane Partners (ISIN US8644821045) was trading at USD 16.47 on the NYSE on September 28, 2026, at 4:00 p.m. ET, down 0.90 percent from the prior close of USD 16.62. The latest operating report showed fiscal Q3 2026 revenue of USD 261.4 million and a net loss of USD 17.5 million, keeping weather and margins central to the investment case.

Q3 loss widens on weather

According to Suburban Propane in its August 6, 2026 release, the fiscal quarter ended June 27, 2026 produced a USD 17.5 million net loss, compared with a USD 14.8 million loss in the year-earlier quarter. Diluted loss per common unit was USD 0.26, versus USD 0.23 previously.

Retail propane gallons sold fell 1.80 percent to 70.6 million gallons in fiscal Q3 2026, while adjusted EBITDA declined to USD 18.0 million from USD 27.0 million. The company said unusually warm spring temperatures reduced heat-related demand, creating a clear counterweight to the USD 261.4 million revenue result.

Revenue holds while margins soften

The same release reported total gross margin of USD 160.3 million, unchanged from the prior-year quarter, but gross margin excluding mark-to-market adjustments decreased USD 3.9 million, or 2.40 percent. Operating and general and administrative expenses increased 3.80 percent to USD 141.4 million, putting the cost base ahead of the reported revenue comparison.

Suburban Propane also used operating cash flow and USD 6.6 million of net proceeds from common-unit issuance to repay USD 36.2 million of revolving-credit borrowings in fiscal Q3 2026. That debt reduction gives the distribution a balance-sheet context, even as the twelve-month consolidated leverage ratio edged up to 4.35 times from 4.33 times.

Stock sits near its yearly low

On September 28, 2026, the USD 16.47 reference price stood 0.80 percent above the 52-week low of USD 16.34 and 20.82 percent below the 52-week high of USD 20.80. Market capitalization was USD 1.1 billion and trading volume reached 187,317 shares on the NYSE.

MarketBeat reported on September 24, 2026 that SPH had reached a new 52-week low of USD 16.48 during trading and noted that Zacks Research had downgraded the units to Hold on September 7, 2026. The report also cited a quarterly distribution of USD 0.325 per common unit, equal to USD 1.30 annualized.

Distribution sets the next checkpoint

The annualized distribution of USD 1.30 represents a recurring cash-return reference for holders, while the latest loss highlights the seasonal sensitivity of propane demand. GetSignal lists November 12, 2026 as the next earnings date, giving the market a dated checkpoint for the fiscal 2027 outlook.