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

Suburban Propane Partners, L.P. reported net income of $109.0 million for fiscal year 2026, representing a slight increase from the prior year, while Adjusted EBITDA rose 2.2% to $284.0 million. The company achieved this performance through strong propane demand in the eastern United States, the completion of capital projects for its renewable natural gas business, and the recognition of $12.4 million in production tax credits. During the fiscal year, the partnership acquired two propane businesses in California and refinanced $350.0 million of senior notes to extend maturities by nearly nine years. Consequently, the company increased its annualized distribution rate to $1.40 per Common Unit, reflecting a 7.7% increase over the previous rate.