Earnings Releases·Nov 12, 2026, 8:14 AM ET

Suburban Propane Partners, L.P. — Fiscal Year 2026 Earnings Summary

Full-year 2026 net income rose 2.3% to $109.0 million ($1.63/unit) and Adjusted EBITDA increased 2.2% to $284.0 million, driven by a 4.0% rise in gross margins; however, Q4 net loss widened to $56.8 million ($0.85/unit) from $35.1 million in the prior year quarter.
The company executed strategic growth via $30.2 million in acquisitions (two California businesses and one Florida business) and $59.5 million in growth capital expenditures, while RNG segment Adjusted EBITDA surged to $13.5 million from $0.2 million.
Management announced a 7.7% distribution increase to $1.40 annually ($0.35 quarterly) and successfully refinanced $350.0 million of senior notes, extending maturities by nearly nine years and reducing total debt by over $25.0 million.
Fiscal 2027 outlook remains positive with confidence in long-term growth following RNG capital project completion, expected monetization of remaining PTCs and ITCs, and a larger, more reliable RNG platform.