Suburban Propane Partners, L.P. reported its third quarter results for fiscal 2025, ending June 28, 2025. The company posted a net loss of $14.8 million, or $0.23 per Common Unit, an improvement from a net loss of $17.2 million, or $0.27 per Common Unit, in the prior year's third quarter. Adjusted EBITDA for the quarter was $27.0 million, remaining flat compared to the prior year's third quarter.
Retail propane gallons sold in the third quarter were 71.9 million gallons, consistent with the prior year's third quarter, despite average temperatures being 14% warmer than normal. The company's gross margin for the quarter was $160.6 million, unchanged from the prior year, as steady propane volumes and unit margins offset some operational cost increases. RNG injection was slightly down, and revenues from RNG were negatively impacted by lower prices for environmental attributes.
Suburban Propane continued its focus on strengthening its balance sheet, utilizing excess cash flows and $8.1 million from its At-the-Market (ATM) equity program to repay $69.0 million in borrowings under its revolving credit facility. This led to an improvement in the Consolidated Leverage Ratio to 4.33x for the trailing twelve-month period ended June 28, 2025. The company maintained its quarterly distribution at $0.325 per Common Unit.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.