Suburban Propane Partners, L.P. Announces Second Quarter Results

Rhea-AI Summary

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.

Positive

• Reduced total debt by $64.3M in Q2
• First-half Adjusted EBITDA increased $8.4M (3.4%) year-over-year
• Recognized $3.5M of production tax credits (PTCs)
• Expected RNG capacity addition of ~200,000 MMBtu/year in H2

Negative

• Average propane prices (Mont Belvieu) down 23.1% year-over-year
• Consolidated Leverage Ratio remains elevated at 4.34x

Key Figures

Q2 2026 net income: $137.5M Q2 2026 EPS: $2.07 per Common Unit Q2 2026 Adjusted EBITDA: $175.3M +5 more

8 metrics

Q2 2026 net income $137.5M Second quarter fiscal 2026

Q2 2026 EPS $2.07 per Common Unit Second quarter fiscal 2026

Q2 2026 Adjusted EBITDA $175.3M Second quarter fiscal 2026, flat year-over-year

First-half Adjusted EBITDA change $8.4M (3.4%) increase First half fiscal 2026 vs prior-year period

Debt reduction More than $64.0M Total debt reduced during Q2 2026

Q2 2026 gross margin $343.7M Second quarter fiscal 2026 total gross margin

Q2 2026 propane gallons 161.6M gallons Retail propane gallons sold, second quarter fiscal 2026

Quarterly distribution $0.325 per Common Unit For three months ended March 28, 2026 ($1.30 annualized)

Market Reality Check

Price: $19.04 Vol: Volume 137,133 is 1.19x t...

normal vol

$19.04 Last Close

Volume Volume 137,133 is 1.19x the 20-day average of 115,237, indicating elevated trading interest ahead of/around results. normal

Technical Shares at $19.04 are trading just below the 200-day MA of $19.15, and about 8.46% below the 52-week high.

Peers on Argus

SPH declined 2.06% while key peers were mixed: NWN -5.22%, CTRI -2.36%, MDU -0.8...

SPH declined 2.06% while key peers were mixed: NWN -5.22%, CTRI -2.36%, MDU -0.84% versus OPAL +0.88% and ARIS +2.88%, suggesting a company-specific reaction rather than a uniform utilities move.

Previous Earnings Reports

5 past events · Latest: Feb 05 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 05	Q1 2026 earnings	Positive	+0.6%	Stronger net income, higher Adjusted EBITDA and propane volumes versus prior year.
Aug 07	Q3 2025 earnings	Neutral	-2.5%	Net loss narrowed with flat Adjusted EBITDA and notable debt reduction and RNG updates.
May 08	Q2 2025 earnings	Positive	-5.9%	Strong net income and Adjusted EBITDA growth driven by colder weather and higher volumes.
Feb 06	Q1 2025 earnings	Negative	-4.2%	Lower net income with flat Adjusted EBITDA and slightly weaker propane volumes.
Nov 14	FY 2024 results	Negative	-8.9%	Full-year decline in net income, Adjusted EBITDA and propane gallons sold amid warm weather.

Pattern Detected

Earnings releases have often been followed by negative price reactions, even when results or trends were stable or improving.

Recent Company History

Across the last five earnings events since Nov 2024, SPH has reported a mix of improving and weaker results: Q4 FY2024 showed lower net income and Adjusted EBITDA, Q1 FY2025 delivered flat EBITDA, and Q2 FY2025 produced a strong jump in net income and volumes. More recently, Q1 FY2026 saw higher net income and Adjusted EBITDA. Despite several fundamentally positive quarters, shares often traded lower after earnings, indicating a tendency for cautious market reactions.

Historical Comparison

-4.2% avg move · In the past five earnings releases, SPH’s average move was -4.18%. Today’s -2.06% reaction to Q2 FY2...

earnings

-4.2%

Average Historical Move earnings

In the past five earnings releases, SPH’s average move was -4.18%. Today’s -2.06% reaction to Q2 FY2026 results sits within that historical range and is slightly less negative than typical.

Earnings history shows pressure in FY2024 with lower net income and Adjusted EBITDA, followed by mixed but improving quarterly trends in FY2025 and early FY2026. RNG projects in New York and Ohio, and periodic debt reduction, have been recurring themes alongside stable quarterly distributions.

Market Pulse Summary

This announcement detailed Q2 FY2026 results with net income of $137.5M and Adjusted EBITDA of $175....

Analysis

This announcement detailed Q2 FY2026 results with net income of $137.5M and Adjusted EBITDA of $175.3M, essentially flat year-over-year, plus more than $64.0M of debt reduction and a maintained quarterly distribution of $0.325 per unit. Historically, SPH’s earnings releases have produced an average move of about -4.18%, even in stronger quarters. Investors monitoring this update may focus on first-half Adjusted EBITDA growth of $8.4M, RNG expansion milestones, and leverage trends around the reported 4.34x ratio.

Key Terms

adjusted ebitda, ebitda, renewable natural gas, anaerobic digester, +4 more

8 terms

adjusted ebitda financial

"Adjusted earnings before interest, taxes, depreciation, and amortization (Adjusted EBITDA, as defined..."

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

ebitda financial

"EBITDA and Adjusted EBITDA are not recognized terms under accounting principles generally..."

EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.

renewable natural gas medical

"In our renewable natural gas ("RNG") operations, with the capital investments..."

Renewable natural gas is methane captured from organic waste—like landfills, farms, or wastewater—and cleaned to the same quality as conventional pipeline gas so it can be used for heating, electricity, or vehicle fuel. Investors care because it turns waste into a revenue-generating commodity, can qualify for carbon credits or government incentives, and can reduce a company's emissions profile, affecting long-term costs, regulatory risk, and market demand much like converting trash into sellable fuel.

anaerobic digester technical

"completion of our new anaerobic digester facility in Upstate New York and gas upgrading system..."

An anaerobic digester is a sealed system that breaks down organic waste—like food scraps, manure or crop residues—without oxygen, producing a methane-rich gas that can be used for heat, electricity or upgraded into renewable natural gas, and a nutrient-rich leftover useful as fertilizer. Investors care because digesters turn waste into sellable energy, revenue from waste processing fees, and potential carbon credits, so they affect project returns, operating costs and exposure to energy and regulatory markets.

production tax credits financial

"recognized a benefit of $3.5 million from the recognition of production tax credits ("PTCs")..."

Production tax credits are financial incentives offered to support the development of certain energy projects, such as renewable power sources. They provide a dollar amount for each unit of energy produced, helping to reduce the project's overall costs. For investors, these credits can improve the project's profitability and attractiveness by making renewable energy investments more financially appealing.

mmbtu technical

"we expect to add approximately 200,000 MMBtu per annum to our RNG platform."

A MMBtu is a unit of energy equal to one million British thermal units, commonly used to measure natural gas and other fuel quantities for trading and contracts. For investors, it translates raw energy into a standardized price metric—think of it like gallons for gasoline—so changes in the MMBtu price affect producer revenues, utility costs, commodity derivatives, and the profitability of energy-related investments.

derivative instruments financial

"unrealized loss attributable to the mark-to-market adjustment for derivative instruments used..."

Contracts whose value is tied to the price or performance of something else—like a stock, bond, commodity, currency or market index. Think of them as a bet or an insurance policy that lets investors gain exposure, hedge risk, or speculate without owning the asset itself; their use can amplify gains or losses and affect a portfolio’s risk profile, liquidity and potential returns.

mark-to-market financial

"included a $1.4 million unrealized loss attributable to the mark-to-market adjustment..."

"Mark-to-market" is a method of valuing assets or investments based on their current market price, rather than their original cost or value. It helps investors see the most up-to-date worth of their holdings, much like checking the latest price of a stock before deciding to buy or sell. This approach ensures that financial statements reflect real-time value, providing a clearer picture of overall financial health.

AI-generated analysis. Not financial advice.

WHIPPANY, N.J., May 7, 2026 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE:SPH), today announced earnings for its second quarter ended March 28, 2026.

Net income for the second quarter of fiscal 2026 was $137.5 million, or $2.07 per Common Unit, compared to net income of $137.1 million, or $2.11 per Common Unit, for the second quarter of fiscal 2025. Adjusted earnings before interest, taxes, depreciation, and amortization (Adjusted EBITDA, as defined and reconciled below) for the second quarter of fiscal 2026 was $175.3 million, flat compared to the prior year second quarter.

In announcing these results, President and Chief Executive Officer, Michael A. Stivala said, "The fiscal 2026 second quarter presented a vastly different weather pattern across our operating footprint, with sustained colder temperatures and several winter storms across the eastern half of the United States that drove strong heat-related demand, offset by record warm temperatures in the western half.  Our operating personnel were well-prepared to safely and efficiently handle the surge in demand and, despite volatility in commodity markets resulting from the conflict in the Middle East, effectively managed selling prices and expenses.  I am so proud of how our teams responded to meet the needs of our customers in some challenging conditions, while also maintaining their focus on our customer base growth and retention initiatives to expand our customer base.  Adjusted EBITDA for the second quarter was essentially unchanged compared to the prior year and, for the first half of the fiscal year, increased $8.4 million, or 3.4%, compared to the comparable prior year period."

Mr. Stivala continued, "In our renewable natural gas ("RNG") operations, with the capital investments and process improvements implemented since acquiring the Stanfield, Arizona facility, we are continuing to stabilize production and grow RNG injection.  Average daily D3 RNG injection for the second quarter of fiscal 2026 improved compared to the prior sequential quarter and the prior year second quarter due to an increase in facility uptime. Additionally, with the completion of our new anaerobic digester facility in Upstate New York and gas upgrading system in Columbus, Ohio, both of which are on schedule to be completed during the second half of this fiscal year, we expect to add approximately 200,000 MMBtu per annum to our RNG platform.  During the second quarter, we also recognized a benefit of $3.5 million from the recognition of production tax credits ("PTCs"), pursuant to the release of draft regulations from the United States Treasury, related to D3 RNG injections at our Stanfield facility for the period from January 2025 through March 2026.  As D3 production at our Upstate New York facility comes online, we expect to be eligible to earn PTCs for RNG injected from that facility."

Concluding his remarks, Mr. Stivala commented, "With another quarter of strong operating performance, and our capital projects in the RNG platform winding down, we utilized excess cash flows generated during the second quarter to reduce total debt by more than $64.0 million.  We continue to take a disciplined approach to the way we allocate capital in the execution of our long-term strategic growth plan – fostering the growth of our core propane business, investing in the future of renewable energy, while preserving balance sheet strength and flexibility."

Retail propane gallons sold in the second quarter of fiscal 2026 of 161.6 million gallons were flat compared to the prior year second quarter, as the impact of cooler temperatures across much of the eastern half of the United States on heat-related demand and contributions from the Partnership's recent acquisitions, were offset by considerably warmer temperatures in the West.  Average temperatures (as measured by the number of heating degree days reported by the National Oceanic and Atmospheric Administration) across all the Partnership's service territories during the second quarter of fiscal 2026 were 6% warmer than normal and 1% warmer than the prior year second quarter.  Notably, average temperatures in the East were 2% warmer than normal and 3% colder than the prior year, whereas average temperatures in the West were 22% warmer than normal and 17% warmer than the prior year.

Average propane prices (basis Mont Belvieu, Texas) for the second quarter of fiscal 2026 decreased 23.1% compared to the prior year second quarter. Total gross margin of $343.7 million for the second quarter of fiscal 2026 decreased $1.6 million, or 0.5%, compared to the prior year second quarter. Gross margin for the second quarter of fiscal 2026 included a $1.4 million unrealized loss attributable to the mark-to-market adjustment for derivative instruments used in risk management activities, compared to a $0.7 million unrealized gain in the prior year second quarter. These non-cash adjustments, which were reported in cost of products sold, were excluded from Adjusted EBITDA for both periods. Excluding the impact of the mark-to-market adjustments, total gross margin increased $0.5 million compared to the prior year second quarter, primarily due to an increase in propane unit margins of $0.03 per gallon, or 1.7%.

Combined operating and general and administrative expenses of $169.5 million for the second quarter of fiscal 2026 were flat compared to the prior year second quarter, as higher payroll and benefit-related expenses, higher fuel and other vehicle costs, and an increase in accruals for self-insurance matters, were offset by a benefit of $3.5 million from the recognition of PTCs and an insurance recovery related to the partial settlement of certain claims associated with the Partnership's acquisition of RNG production assets in December 2022.

During the second quarter of fiscal 2026, the Partnership utilized cash flows from operating activities to repay $64.3 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 March 28, 2026 improved to 4.34x.

As previously announced on April 23, 2026, the Partnership's Board of Supervisors declared a quarterly distribution of $0.325 per Common Unit for the three months ended March 28, 2026. On an annualized basis, this distribution rate equates to $1.30 per Common Unit. The distribution is payable on May 12, 2026 to Common Unitholders of record as of May 5, 2026.

About Suburban Propane Partners, L.P.
Suburban Propane Partners, L.P. ("Suburban Propane") is a publicly traded master limited partnership listed on the New York Stock Exchange. Headquartered in Whippany, New Jersey, Suburban Propane has been in the customer service business since 1928 and is a nationwide distributor of propane, renewable propane, renewable natural gas, fuel oil and related products and services, as well as a marketer of natural gas and electricity and producer of and investor in low carbon fuel alternatives, servicing the energy needs of approximately 1 million residential, commercial, governmental, industrial and agricultural customers through approximately 750 locations across 42 states.

Suburban Propane is supported by three core pillars: (1) Suburban Commitment to Excellence – showcasing Suburban Propane's almost 100-year legacy, and ongoing commitment to the highest standards for dependability, flexibility, and reliability that underscores Suburban Propane's commitment to excellence in customer service; (2) SuburbanCares – highlighting continued dedication to giving back to local communities across Suburban Propane's national footprint; and (3) Go Green with Suburban Propane – promoting propane and renewable propane as versatile, low-carbon energy solutions and investing in the next generation of innovative, renewable energy alternatives.

For additional information on Suburban Propane, please visit www.suburbanpropane.com.

Forward-Looking Statements
This press release contains certain forward-looking statements relating to future business expectations and financial condition and results of operations of the Partnership, based on management's current good faith expectations and beliefs concerning future developments.  These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those discussed or implied in such forward-looking statements, including the following:

• The impact of weather conditions on the demand for propane, renewable propane, fuel oil and other refined fuels, natural gas, renewable natural gas ("RNG") and electricity;
• The impact of climate change and potential climate change legislation on the Partnership and demand for propane, renewable propane, fuel oil and other refined fuels, natural gas, RNG and electricity;
• Volatility in the unit cost of propane, renewable propane, fuel oil and other refined fuels, natural gas, RNG and electricity, the impact of the Partnership's hedging and risk management activities, and the adverse impact of price increases on volumes sold as a result of customer conservation;
• The ability of the Partnership to compete with other suppliers of propane, renewable propane, fuel oil, RNG and other energy sources;
• The impact on the price and supply of propane, renewable propane,  fuel oil and other refined fuels from the political, military or economic instability of the oil producing nations, including hostilities in the Middle East, Russian military action in Ukraine, global terrorism and other general economic conditions, including the economic instability resulting from natural disasters;
• Economic volatility and downturns, including as a result of tariffs, trade conflict and related uncertainty;
• The ability of the Partnership to acquire and maintain sufficient volumes of, and the costs to the Partnership of acquiring, reliably transporting and storing, propane, renewable propane, fuel oil and other refined fuels;
• The ability of the Partnership to attract and retain employees and key personnel to support the growth of our business;
• The ability of the Partnership to retain customers or acquire new customers;
• The impact of customer conservation, energy efficiency, general economic conditions and technology advances on the demand for propane, renewable propane, fuel oil and other refined fuels, natural gas, RNG and electricity;
• The ability of management to continue to control expenses and manage inflationary increases in fuel, labor and other operating costs;
• Risks related to the Partnership's renewable fuel projects and investments, including the willingness of customers to purchase fuels generated by the projects, the permitting, financing, construction, development and operation of supporting facilities, the Partnership's ability to generate a sufficient return on its renewable fuel projects, the Partnership's dependence on third-party partners to help manage and operate renewable fuel investment projects, and increased regulation and dependence on government funding for commercial viability of renewable fuel investment projects;
• The generation and monetization of environmental attributes produced by the Partnership's renewable fuel projects, changes to legislation or regulations concerning the generation and monetization of environmental attributes and pricing volatility in the open markets where environmental attributes are traded;
• The impact of changes in applicable laws and government regulations, or their interpretations, including those relating to the environment and climate change, permitting, human health and safety, derivative instruments, the sale or marketing of propane and renewable propane, fuel oil and other refined fuels, natural gas, RNG and electricity, including the impact of recently adopted and proposed changes to New York law and changed regulatory priorities, and other regulatory developments that could impose costs and liabilities on the Partnership's business;
• The impact of changes in tax laws that could adversely affect the tax treatment of the Partnership for income tax purposes;
• The impact of legal risks and proceedings on the Partnership's business;
• The impact of operating hazards that could adversely affect the Partnership's reputation and its operating results to the extent not covered by insurance;
• The Partnership's ability to make strategic acquisitions, successfully integrate them and realize the expected benefits of those acquisitions;
• The ability of the Partnership and any third-party service providers on which it may rely for support or services to continue to combat cybersecurity threats to their respective and shared networks and information technology;
• Risks relating to the Partnership's plans to diversify its business;
• Risks related to the Partnership's current and future debt obligations that may limit its ability to make distributions to Unitholders, as well as its financial flexibility;
• The impact of current conditions in the global capital, credit and environmental attribute markets, and general economic pressures; and
• Other risks referenced from time to time in filings with the Securities and Exchange Commission ("SEC") and those factors listed or incorporated by reference into the Partnership's most recent Annual Report under "Risk Factors."

Some of these risks and uncertainties are discussed in more detail in the Partnership's Annual Report on Form 10-K for its fiscal year ended September 27, 2025 and other periodic reports filed with the SEC.  Readers are cautioned not to place undue reliance on forward-looking statements, which reflect management's view only as of the date made.  The Partnership undertakes no obligation to update any forward-looking statement, except as otherwise required by law.

Suburban Propane Partners, L.P. and Subsidiaries Consolidated Statements of Operations For the Three and Six Months Ended March 28, 2026 and March 29, 2025 (in thousands, except per unit amounts) (unaudited)
	Three Months Ended								Six Months Ended
	March 28, 2026				March 29, 2025				March 28, 2026				March 29, 2025
Revenues
Propane	$	491,142			$	525,256			$	817,532			$	855,539
Fuel oil and refined fuels		32,354				33,364				50,521				51,025
Natural gas and electricity		8,778				9,025				14,677				15,078
All other		18,932				20,018				38,862				39,350
		551,206				587,663				921,592				960,992
Costs and expenses
Cost of products sold		207,500				242,362				338,339				389,524
Operating		139,500				139,377				266,659				262,530
General and administrative		30,044				29,911				57,917				56,764
Depreciation and amortization		16,251				17,600				33,115				34,699
		393,295				429,250				696,030				743,517
Operating income		157,911				158,413				225,562				217,475
Loss on debt extinguishment		—				—				1,183				—
Interest expense, net		19,694				20,567				39,450				40,179
Other, net		555				729				1,256				20,196
Income before provision for (benefit from) income taxes		137,662				137,117				183,673				157,100
Provision for (benefit from) income taxes		120				(4)				351				559
Net income	$	137,542			$	137,121			$	183,322			$	156,541
Net income per Common Unit - basic	$	66,565			$	64,876			$	66,416			$	64,711
Weighted average number of Common Units outstanding - basic		2.07				2.11				2.76				2.42
Net income per Common Unit - diluted	$	66,904			$	65,262			$	66,712			$	65,034
Weighted average number of Common Units outstanding - diluted		2.06				2.10				2.75				2.41
Supplemental Information:
EBITDA (a)	$	173,607			$	175,284			$	256,238			$	231,978
Adjusted EBITDA (a)	$	175,340			$	175,044			$	258,745			$	250,345
Retail gallons sold:
Propane		161,593				162,027				271,758				267,766
Refined fuels		7,469				7,760				12,006				12,127
Capital expenditures:
Maintenance	$	7,203			$	8,041			$	13,316			$	12,659
Growth	$	17,527			$	11,268			$	31,219			$	30,493

(a)

EBITDA represents net income before deducting interest expense, income taxes, depreciation and amortization. Adjusted EBITDA represents EBITDA excluding the unrealized net gain or loss on mark-to-market activity for derivative instruments and other items, as applicable, as provided in the table below. Our management uses EBITDA and Adjusted EBITDA as supplemental measures of operating performance and we are including them because we believe that they provide our investors and industry analysts with additional information that we determined is useful to evaluate our operating results.

EBITDA and Adjusted EBITDA are not recognized terms under accounting principles generally accepted in the United States of America ("US GAAP") and should not be considered as an alternative to net income or net cash provided by operating activities determined in accordance with US GAAP.  Because EBITDA and Adjusted EBITDA as determined by us excludes some, but not all, items that affect net income, they may not be comparable to EBITDA and Adjusted EBITDA or similarly titled measures used by other companies.

The following table sets forth our calculations of EBITDA and Adjusted EBITDA:

	Three Months Ended								Six Months Ended
	March 28, 2026				March 29, 2025				March 28, 2026				March 29, 2025
Net income	$	137,542			$	137,121			$	183,322			$	156,541
Add:
Provision for (benefit from) income taxes		120				(4)				351				559
Interest expense, net		19,694				20,567				39,450				40,179
Depreciation and amortization		16,251				17,600				33,115				34,699
EBITDA		173,607				175,284				256,238				231,978
Loss on debt extinguishment		—				—				1,183				—
Equity in losses and impairment charges for investments in unconsolidated affiliates		375				504				896				22,745
Unrealized non-cash losses (gains) on changes in fair value of derivatives		1,358				(744)				428				(4,378)
Adjusted EBITDA	$	175,340			$	175,044			$	258,745			$	250,345

We also reference gross margins, computed as revenues less cost of products sold as those amounts are reported on the consolidated financial statements.  Our management uses gross margin as a supplemental measure of operating performance and we are including it as we believe that it provides our investors and industry analysts with additional information that we determined is useful to evaluate our operating results.  As cost of products sold does not include depreciation and amortization expense, the gross margin we reference is considered a non-GAAP financial measure. 

The unaudited financial information included in this document is intended only as a summary provided for your convenience, and should be read in conjunction with the complete consolidated financial statements of the Partnership (including the Notes thereto, which set forth important information) contained in its Quarterly Report on Form 10-Q to be filed by the Partnership with the SEC.  Such report, once filed, will be available on the public EDGAR electronic filing system maintained by the SEC.

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SOURCE Suburban Propane Partners, L.P.

FAQ

What were Suburban Propane (SPH) Q2 fiscal 2026 earnings and EPS?

Q2 fiscal 2026 net income was $137.5M, or $2.07 per common unit. According to the company, Adjusted EBITDA for the quarter was $175.3M, essentially flat compared to the prior-year quarter.

How did Suburban Propane (SPH) perform on sales volumes in Q2 2026?

Retail propane gallons sold were 161.6 million in Q2, flat year-over-year. According to the company, stronger eastern heat-related demand offset much warmer western temperatures, producing overall volume stability.

What balance sheet actions did Suburban Propane (SPH) take in Q2 2026?

The partnership repaid $64.3M of borrowings under its revolver in Q2. According to the company, this reduced debt and improved the Consolidated Leverage Ratio to 4.34x for the trailing twelve months.

What RNG developments did Suburban Propane (SPH) announce in the Q2 2026 release?

SPH expects to add about 200,000 MMBtu/year of RNG capacity in H2 fiscal 2026. According to the company, new digester and upgrading projects are on schedule and Stanfield uptime and PTC recognition helped recent RNG results.