AI-extracted from the 10-Q filed 2026-08-06 — Q3 FY2026 (quarter ended June 27, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Suburban Propane's fiscal Q3 2026 revenue was flat at $261.4M (+0.5% YoY) as a 1.8% drop in propane gallons from warm spring weather offset higher fuel oil prices, leaving a net loss of $17.5M.
Biggest Revenue Drivers
Propane$227.0M0.0% YoY
Propane volumes sold decreased 1.8% on reduced heat-related demand from warmer spring temperatures, partially offset by a 0.7% increase in average selling prices.
All other$18.2M-2.8% YoY
Primarily due to lower services revenues.
Biggest Revenue Drivers
Total revenue: $261.4M+0.5% YoY
Propane$227.0M0.0% YoY
Propane volumes sold decreased 1.8% on reduced heat-related demand from warmer spring temperatures, partially offset by a 0.7% increase in average selling prices.
All other$18.2M-2.8% YoY
Primarily due to lower services revenues.
Fuel oil and refined fuels$11.7M+20.6% YoY
Primarily due to higher average retail selling prices, offset to an extent by a decrease in volumes sold.
Natural gas and electricity$4.5M-6.5% YoY
Resulted from less natural gas and electricity usage, primarily due to the impact of a lower customer base.
Largest Expense Items
Cost of products sold$101.1M+1.5% YoY
Higher average wholesale fuel oil costs, partially offset by a $3.6M year-over-year decrease from mark-to-market adjustments on derivatives.
Operating expenses$125.0M+6.3% YoY
Primarily due to higher payroll and benefit-related costs and higher fuel and vehicle maintenance costs, partially offset by a $1.1M PTC benefit from RNG injections.
General and administrative$16.5M-12.2% YoY
Primarily due to lower variable compensation costs.
Margins: Total gross margin of $160.3M was unchanged YoY; excluding mark-to-market adjustments it decreased $3.9M (2.4%) on lower propane volumes, with propane unit margins described as steady.
Watch Items from the Filing
Net loss of $17.5M ($0.26 per Common Unit) versus a $14.8M loss a year earlier; Adjusted EBITDA fell to $18.0M from $27.0M.
Total Consolidated Leverage Ratio was 4.35x for the twelve months ended June 27, 2026, versus 4.33x a year earlier.
U.S. propane inventories at end of June 2026 were 20.7% above June 2025 levels, and average posted propane prices rose 3.6% YoY on Middle East tensions and export demand.
Production tax credits of $1.1M were recognized in the quarter ($4.6M year-to-date), with $3.0M relating to calendar 2025 and $1.6M to calendar 2026.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
About SUBURBAN PROPANE PARTNERS LP (SPH): stock profile, AI score and financials
SUBURBAN PROPANE PARTNERS LP (SPH) stock profile, AI quality score, and SEC EDGAR financial data, a Consumer Discretionary sector company. 13F Pro's AI-powered ranking engine scores SPH at 52.2/100 on a composite quality score built from its SEC filings, placing it at rank #1,489 of 2,925 stocks — the bottom half of the AI-ranked universe. Areas of concern include institutional flow (26.1) and revenue growth (30.4), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q3 2026), SUBURBAN PROPANE PARTNERS LP reports quarterly revenue of $261.4M, net income of $-17.5M, an operating margin of 0.9%. Top institutional holders of SPH by reported 13-F value include ALPS ADVISORS, MIRAE ASSET GLOBAL ETFS Ltd., GOLDMAN SACHS GROUP, based on the most recent SEC filings. SPH trades on the NYSE exchange and files with the SEC under CIK 1005210. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate SPH daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for SUBURBAN PROPANE PARTNERS LP directly from SEC EDGAR.