Suburban Propane Q3 net loss widens to $17.5 million; Adjusted EBITDA $18.0 million
Suburban Propane Partners reported a fiscal third-quarter 2026 net loss of $17.5 million, or $0.26 per Common Unit, versus a net loss of $14.8 million, or $0.23 per unit, a year earlier. Revenues rose slightly to $261.4 million from $260.2 million, but Adjusted EBITDA fell to $18.0 million from $27.0 million, which management attributed mainly to warmer April temperatures and lower heat-related demand.
Key points
- Net loss was $17.5 million, or $0.26 per Common Unit, for the quarter ended June 27, 2026, compared with a net loss of $14.8 million, or $0.23 per unit, a year earlier.
- Adjusted EBITDA was $18.0 million, down from $27.0 million in the prior-year third quarter.
- Retail propane gallons sold fell 1.8% to 70.6 million, and April 2026 temperatures were 24% warmer than normal.
- The Board declared a quarterly distribution of $0.325 per Common Unit, payable August 11, 2026.
The filing
Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 06, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.