Suburban Propane Reports Q1 Net Income Surge to $45.8 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 05 2026
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Should l Buy SPH?
Source: Newsfilter
- Significant Net Income Growth: Suburban Propane reported a net income of $45.8 million for Q1 2026, translating to $0.69 per unit, a substantial increase from $19.4 million and $0.30 per unit in Q1 2025, reflecting the company's robust market performance and enhanced profitability.
- Adjusted EBITDA Improvement: The adjusted EBITDA for the first quarter reached $83.4 million, an increase of $8.1 million or 10.8% compared to the previous year, primarily driven by increased sales volumes and effective cost management, indicating ongoing operational efficiency improvements.
- Retail Propane Volume Growth: Retail propane sales for Q1 totaled 110.2 million gallons, up 4.2% year-over-year, largely due to colder weather in the eastern U.S., demonstrating the company's enhanced capability to meet customer demand.
- Strategic Acquisitions and Refinancing: The company acquired two well-run propane businesses in California for $24 million and successfully refinanced $350 million of senior notes due 2027 at a 6.50% rate, enhancing financial flexibility to support future growth strategies.
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Analyst Views on SPH
Wall Street analysts forecast SPH stock price to fall
1 Analyst Rating
0 Buy
0 Hold
1 Sell
Moderate Sell
Current: 20.210
Low
17.00
Averages
17.00
High
17.00
Current: 20.210
Low
17.00
Averages
17.00
High
17.00
No data
About SPH
Suburban Propane Partners, L.P. 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 investor in low carbon fuel alternatives. The Company's segments include propane, fuel oil and refined fuels, natural gas and electricity, and all other. The propane segment is engaged in the retail distribution of propane and renewable propane to residential, commercial, industrial, agricultural and government customers and, to a lesser extent, wholesale distribution to large industrial end users. The fuel oil and refined fuels segment is engaged in the retail distribution of fuel oil, diesel, kerosene and gasoline. The natural gas and electricity segment is engaged in the marketing of natural gas and electricity to residential and commercial customers in the deregulated energy markets of New York and Pennsylvania. The all other segment includes its service business.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Suburban Propane Expands Partnership with NASCAR to 21 Tracks
- Partnership Expansion: Suburban Propane's partnership with NASCAR has expanded to include 21 tracks nationwide, featuring the upcoming event at the U.S. Naval Base in California and the return to Chicagoland Speedway, highlighting the company's growing significance on the national platform.
- Event Support: By supplying fuel for track dryers, Suburban Propane ensures that events proceed on schedule after inclement weather, while also providing concessions for thousands of fans, thereby enhancing the overall race experience.
- Market Participation: The addition of the Naval Base event is part of America's 250th anniversary celebrations, representing a unique milestone for NASCAR by bringing racing to an iconic military installation, further elevating the brand's image.
- Energy Solutions: The expansion underscores Suburban Propane's reliability in supporting major live events and emphasizes its commitment to providing low-carbon energy solutions, ensuring that race weekends run safely and efficiently.
See More
Suburban Propane Expands Partnership with NASCAR to 21 Tracks
- Partnership Expansion: Suburban Propane's partnership with NASCAR has expanded to include 21 tracks nationwide, featuring the upcoming event at the U.S. Naval Base in Coronado, California, and a return to Chicagoland Speedway, highlighting the company's growing significance on the national platform.
- Support Role in Events: As NASCAR's official propane supplier, Suburban Propane plays a critical role during race weekends by fueling track dryers that ensure events proceed smoothly despite inclement weather, thereby enhancing the overall experience for fans.
- Enhanced Market Participation: The addition of the San Diego event is part of America's 250th anniversary celebrations, marking a unique milestone for NASCAR by bringing racing to an iconic military installation, which further elevates Suburban Propane's brand visibility.
- Commitment to Energy Solutions: As NASCAR continues to reach new markets, Suburban Propane's expanded partnership underscores its commitment to supporting major live events and showcases its capability to deliver reliable energy solutions wherever needed.
See More
Suburban Propane (SPH) Q1 2026 Earnings Transcript
See More
Suburban Propane Q1 Earnings Miss Expectations
- Disappointing Earnings: Suburban Propane Partners reported a Q1 GAAP earnings per unit of $0.69, missing expectations by $0.02, indicating a decline in profitability that could undermine investor confidence.
- Revenue Decline: The company’s revenue of $370.39 million represents a year-over-year decrease of 0.8%, falling short of market expectations by $21.61 million, reflecting pressures from weak market demand and intensified competition.
- Debt Financing Initiative: Suburban Propane announced a private offering of $350 million in senior notes due 2035, aimed at optimizing its capital structure and providing funding support for future growth initiatives.
- Uncertain Market Outlook: While growth in 2025 is viewed as potentially anomalous, the ongoing poor financial performance may negatively impact the company's long-term strategy and market positioning.
See More
Suburban Propane Reports Q1 Net Income Growth
- Significant Net Income Growth: Suburban Propane reported a net income of $45.8 million for Q1 2026, translating to $0.69 per unit, which is a remarkable 135.5% increase from $19.4 million and $0.30 per unit in Q1 2025, indicating strong market performance and enhanced profitability.
- Adjusted EBITDA Improvement: The adjusted EBITDA for the first quarter reached $83.4 million, an increase of $8.1 million or 10.8% compared to the previous year, driven by increased sales volumes and effective cost management, reflecting ongoing operational efficiency improvements.
- Retail Propane Volume Growth: Retail propane sales for Q1 totaled 110.2 million gallons, up 4.2% year-over-year, primarily due to colder weather in the eastern U.S., demonstrating the company's flexibility and adaptability in responding to market demand fluctuations.
- Strategic Acquisitions and Refinancing: The company acquired two well-run propane businesses in California for $24 million and successfully refinanced $350 million of senior notes due 2027 at favorable rates, enhancing financial flexibility and laying the groundwork for future growth.
See More
Suburban Propane Reports Q1 Net Income Surge to $45.8 Million
- Significant Net Income Growth: Suburban Propane reported a net income of $45.8 million for Q1 2026, translating to $0.69 per unit, a substantial increase from $19.4 million and $0.30 per unit in Q1 2025, reflecting the company's robust market performance and enhanced profitability.
- Adjusted EBITDA Improvement: The adjusted EBITDA for the first quarter reached $83.4 million, an increase of $8.1 million or 10.8% compared to the previous year, primarily driven by increased sales volumes and effective cost management, indicating ongoing operational efficiency improvements.
- Retail Propane Volume Growth: Retail propane sales for Q1 totaled 110.2 million gallons, up 4.2% year-over-year, largely due to colder weather in the eastern U.S., demonstrating the company's enhanced capability to meet customer demand.
- Strategic Acquisitions and Refinancing: The company acquired two well-run propane businesses in California for $24 million and successfully refinanced $350 million of senior notes due 2027 at a 6.50% rate, enhancing financial flexibility to support future growth strategies.
See More
Suburban Propane Expands Partnership with NASCAR to 21 Tracks
- Partnership Expansion: Suburban Propane's partnership with NASCAR has expanded to include 21 tracks nationwide, featuring the upcoming event at the U.S. Naval Base in California and the return to Chicagoland Speedway, highlighting the company's growing significance on the national platform.
- Event Support: By supplying fuel for track dryers, Suburban Propane ensures that events proceed on schedule after inclement weather, while also providing concessions for thousands of fans, thereby enhancing the overall race experience.
- Market Participation: The addition of the Naval Base event is part of America's 250th anniversary celebrations, representing a unique milestone for NASCAR by bringing racing to an iconic military installation, further elevating the brand's image.
- Energy Solutions: The expansion underscores Suburban Propane's reliability in supporting major live events and emphasizes its commitment to providing low-carbon energy solutions, ensuring that race weekends run safely and efficiently.
See More
Suburban Propane Expands Partnership with NASCAR to 21 Tracks
- Partnership Expansion: Suburban Propane's partnership with NASCAR has expanded to include 21 tracks nationwide, featuring the upcoming event at the U.S. Naval Base in Coronado, California, and a return to Chicagoland Speedway, highlighting the company's growing significance on the national platform.
- Support Role in Events: As NASCAR's official propane supplier, Suburban Propane plays a critical role during race weekends by fueling track dryers that ensure events proceed smoothly despite inclement weather, thereby enhancing the overall experience for fans.
- Enhanced Market Participation: The addition of the San Diego event is part of America's 250th anniversary celebrations, marking a unique milestone for NASCAR by bringing racing to an iconic military installation, which further elevates Suburban Propane's brand visibility.
- Commitment to Energy Solutions: As NASCAR continues to reach new markets, Suburban Propane's expanded partnership underscores its commitment to supporting major live events and showcases its capability to deliver reliable energy solutions wherever needed.
See More
Suburban Propane (SPH) Q1 2026 Earnings Transcript
See More
Suburban Propane Q1 Earnings Miss Expectations
- Disappointing Earnings: Suburban Propane Partners reported a Q1 GAAP earnings per unit of $0.69, missing expectations by $0.02, indicating a decline in profitability that could undermine investor confidence.
- Revenue Decline: The company’s revenue of $370.39 million represents a year-over-year decrease of 0.8%, falling short of market expectations by $21.61 million, reflecting pressures from weak market demand and intensified competition.
- Debt Financing Initiative: Suburban Propane announced a private offering of $350 million in senior notes due 2035, aimed at optimizing its capital structure and providing funding support for future growth initiatives.
- Uncertain Market Outlook: While growth in 2025 is viewed as potentially anomalous, the ongoing poor financial performance may negatively impact the company's long-term strategy and market positioning.
See More
Suburban Propane Reports Q1 Net Income Growth
- Significant Net Income Growth: Suburban Propane reported a net income of $45.8 million for Q1 2026, translating to $0.69 per unit, which is a remarkable 135.5% increase from $19.4 million and $0.30 per unit in Q1 2025, indicating strong market performance and enhanced profitability.
- Adjusted EBITDA Improvement: The adjusted EBITDA for the first quarter reached $83.4 million, an increase of $8.1 million or 10.8% compared to the previous year, driven by increased sales volumes and effective cost management, reflecting ongoing operational efficiency improvements.
- Retail Propane Volume Growth: Retail propane sales for Q1 totaled 110.2 million gallons, up 4.2% year-over-year, primarily due to colder weather in the eastern U.S., demonstrating the company's flexibility and adaptability in responding to market demand fluctuations.
- Strategic Acquisitions and Refinancing: The company acquired two well-run propane businesses in California for $24 million and successfully refinanced $350 million of senior notes due 2027 at favorable rates, enhancing financial flexibility and laying the groundwork for future growth.
See More
Suburban Propane Reports Q1 Net Income Surge to $45.8 Million
- Significant Net Income Growth: Suburban Propane reported a net income of $45.8 million for Q1 2026, translating to $0.69 per unit, a substantial increase from $19.4 million and $0.30 per unit in Q1 2025, reflecting the company's robust market performance and enhanced profitability.
- Adjusted EBITDA Improvement: The adjusted EBITDA for the first quarter reached $83.4 million, an increase of $8.1 million or 10.8% compared to the previous year, primarily driven by increased sales volumes and effective cost management, indicating ongoing operational efficiency improvements.
- Retail Propane Volume Growth: Retail propane sales for Q1 totaled 110.2 million gallons, up 4.2% year-over-year, largely due to colder weather in the eastern U.S., demonstrating the company's enhanced capability to meet customer demand.
- Strategic Acquisitions and Refinancing: The company acquired two well-run propane businesses in California for $24 million and successfully refinanced $350 million of senior notes due 2027 at a 6.50% rate, enhancing financial flexibility to support future growth strategies.
See More
