Welcome to our dedicated page for Suburban Propane Partners news (Ticker: SPH), a resource for investors and traders seeking the latest updates and insights on Suburban Propane Partners stock.
Suburban Propane Partners, L.P. reports news around its role as a publicly traded master limited partnership that distributes propane, renewable propane, renewable natural gas, fuel oil and related energy products and services. The partnership also markets natural gas and electricity and develops low-carbon fuel alternatives through its renewable energy platform.
Recurring updates include quarterly financial results, propane volume and margin commentary, commodity-price effects, derivative mark-to-market adjustments and Adjusted EBITDA measures. News also covers common-unit distribution declarations, financing actions involving credit facilities, senior notes and at-the-market equity issuance, acquisitions of propane businesses, renewable energy leadership and commercial partnerships such as its NASCAR fueling and race operations relationship.
Suburban Propane Partners (NYSE: SPH) reported a third‑quarter fiscal 2026 net loss of $17.5 million ($0.26 per Common Unit), versus a $14.8 million loss ($0.23) a year earlier. Adjusted EBITDA declined to $18.0 million from $27.0 million, as near‑record April warmth reduced heat‑related propane demand and propane gallons sold fell 1.8% to 70.6 million.
Total revenue was $261.4 million, roughly flat year over year, while reported gross margin held at $160.3 million. Excluding mark‑to‑market derivative gains and losses, gross margin decreased 2.4%. Operating plus G&A expenses increased 3.8% to $141.4 million, mainly from higher payroll, benefits, fuel and vehicle costs.
For the nine‑month period, net income rose to $165.8 million ($2.49 per Common Unit) from $141.7 million, with Adjusted EBITDA essentially unchanged at about $277 million. The Partnership used operating cash flow and $6.6 million of ATM equity proceeds to repay $36.2 million on its revolving credit facility, resulting in a Total Consolidated Leverage Ratio of 4.35x. The Board declared a quarterly distribution of $0.325 per Common Unit (annualized $1.30), payable August 11, 2026.
In renewable natural gas, average daily injection was flat year over year, but revenues benefited from higher prices for California LCFS and D3 RIN credits. Suburban Propane placed a new anaerobic digester in Upstate New York into service after quarter‑end and expects its Columbus, Ohio facility to start up in the fourth quarter, positioning all three RNG facilities to be operational entering fiscal 2027.
Suburban Propane (NYSE: SPH) announced a new partnership with NASCAR Cup Series driver and eighth-generation watermelon farmer Ross Chastain. Chastain becomes a brand ambassador, supporting promotional campaigns, fan engagement, agricultural events, and community programs that highlight propane’s role in powering U.S. farms and racing operations.
Suburban Propane, the Official Propane of NASCAR, already supports race weekends at 21 racetracks by fueling track dryers, concessions, and campgrounds. The company said the partnership strengthens its expanding NASCAR platform and underscores its focus on reliable, lower‑carbon propane and renewable propane solutions for agricultural customers nationwide.
Suburban Propane Partners (NYSE: SPH) declared a quarterly distribution of $0.325 per common unit for the three months ended June 27, 2026, equivalent to an annualized rate of $1.30 per unit. The distribution is payable on August 11, 2026 to unitholders of record as of August 4, 2026.
According to Suburban Propane, this release constitutes qualified notice under Treasury Regulation Section 1.1446-4(b). The company states that 100% of distributions to foreign investors are attributable to income effectively connected with a U.S. trade or business and are subject to federal withholding at the highest applicable rate. It also notes that, for purposes of Section 1.1446(f)-4(c)(2)(iii), 100% of the distribution exceeds cumulative net income, and brokers and nominees are treated as withholding agents.
Suburban Propane Partners (NYSE:SPH) scheduled its Fiscal 2026 Third Quarter Results Conference Call for Thursday, August 6, 2026 at 9:00 AM Eastern Time. Analysts and investors can access the call via webcast at the company’s website or by phone at (888) 880-3330, asking for the Suburban Propane Partners Fiscal 2026 Third Quarter Results Conference Call.
A telephone replay will be available from 12:00 PM ET on August 6, 2026 until 11:55 PM ET on August 13, 2026 by dialing (800) 770-2030 with access code 2283341#, and via the company’s website until the next quarter’s replay is posted.
Suburban Propane (NYSE:SPH) partnered with Sonoma Raceway and Speedway Children's Charities Sonoma for the 2026 Track to Table event, held June 26 as the kickoff to NASCAR weekend. The fundraiser generated over $100,000 to support Sonoma County nonprofits focused on children’s health, education, family support, and youth services.
Suburban Propane (NYSE: SPH) collaborated with ABB, Kempower, and NASCAR to power mobile EV charging with renewable propane during the June 19–21, 2026 NASCAR weekend in San Diego.
The activation at Naval Base Coronado showcased off-grid, lower-carbon, on-demand DC fast charging using renewable propane-fueled generators and battery storage.
Suburban Propane Partners (NYSE:SPH) reported Q2 fiscal 2026 net income of $137.5M or $2.07 per common unit and Adjusted EBITDA of $175.3M (flat year-over-year). Retail propane gallons sold were 161.6M (flat). The partnership reduced debt by $64.3M, declared a quarterly distribution of $0.325 per unit, and reported a Consolidated Leverage Ratio of 4.34x. Average Mont Belvieu propane prices fell 23.1% year-over-year. The company recognized $3.5M of production tax credits and expects ~200,000 MMBtu annual RNG capacity additions later this fiscal year.
Suburban Propane Partners (NYSE:SPH) declared a quarterly distribution of $0.325 per common unit for the three months ended March 28, 2026, equal to an annualized rate of $1.30 per unit. The distribution is payable May 12, 2026 to holders of record on May 5, 2026.
The announcement notes 100% of distributions to foreign investors are effectively connected with U.S. trade or business and subject to federal tax withholding; 100% of the distribution is in excess of cumulative net income for 1.1446(f)-4(c)(2)(iii) purposes.
Suburban Propane Partners (NYSE:SPH) will hold its Fiscal 2026 Second Quarter Results conference call on Thursday, May 7, 2026 at 9:00 AM Eastern Time. Analysts and investors can join via the company's website or by phone.
A replay will be available from 12:00 PM ET May 7, 2026 until 11:55 PM ET May 14, 2026 and via the company's website until the next quarter's replay is posted. Suburban Propane serves ~1 million customers across ~750 locations in 42 states, selling propane, renewable propane, RNG, fuel oil, natural gas and electricity.
Suburban Propane (NYSE: SPH) celebrated its first race sponsorship with the Suburban Propane 300 at Bristol Motor Speedway on April 14, 2026, debuting mascot PhilMor the Bobtail.
Company leaders served as Grand Marshal and Green Flag caller while Suburban Propane supported track operations, concessions, and campground services to engage fans and boost brand visibility.