The revenue miss and flat YoY earnings signal ongoing headwinds from lower propane prices. With no guidance, traders should watch propane commodity prices and next quarter's volume trends for directional cues.
Price Chart
Executive Summary
Suburban Propane Partners reported Q2 fiscal 2026 earnings with a slight EPS beat ($2.06 vs $1.98 consensus, +4.0%) but revenue missed consensus ($551.2M vs $575.0M, -4.1%) and declined 6.2% YoY. Net income was flat YoY at $137.5M, and adjusted EBITDA was essentially unchanged. The mixed results reflect lower propane prices offset by flat volumes and stable margins, with no forward guidance provided.
Key Financial Metrics
Key Facts
- Revenue of $551.2M missed consensus by 4.1% and declined 6.2% YoY from $587.7M
- Diluted EPS of $2.06 beat consensus of $1.98 by 4.0%, but declined from $2.10 YoY
- Net income flat at $137.5M vs $137.1M YoY; Adjusted EBITDA unchanged at $175.3M
- No quantitative guidance provided; management commentary only qualitative
- Average propane prices down 23.1% YoY; retail gallons sold flat
- Debt reduced by $64.3M during the quarter; leverage ratio improved to 4.34x
Financial Impact
Revenue miss of ~$23.8M vs consensus; EPS beat of $0.08 (4.0%)
Risk Factors
- Continued decline in propane prices could further compress revenue
- Weather variability may impact demand; warmer-than-normal temperatures in the west offset colder east
- No forward guidance increases uncertainty around future performance
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-210425 |
| Document: sph-20260507.htm | 0001193125-26-210425 |
| Document: 0001193125-26-210425-index-headers.html | 0001193125-26-210425 |
| Document: 0001193125-26-210425-index.html | 0001193125-26-210425 |
| Document: 0001193125-26-210425.txt | 0001193125-26-210425 |
| 8-K Data (Synthetic) | 0001193125-26-210425 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 6, 2026 8w ago | 8-K | $17.74 $17.52 | ▲ +1.24% | ▲ +1.84% | $16.66 (+6.09%) |
Jul 23, 2026 10w ago | 8-K | $18.34 $17.61 | ▼ −3.98% | ▼ −7.29% | $16.66 (−9.16%) |
May 7, 2026 21w ago | 8-K | $19.60 $19.01 | ▼ −3.01% | ▼ −6.15% | $16.66 (−15.00%) |
Apr 23, 2026 23w ago | 8-K | $19.15 $20.42 | ▲ +6.61% | ▲ +1.98% | $16.66 (−13.02%) |
US Market Status
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