SUBURBAN PROPANE PARTNERS LP (SPH)
Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014Q2-CY2014Q1-CY2014Q4-CY2013
Balance Sheet Date2025-Sep-272025-Jun-282025-Mar-292024-Dec-282024-Sep-282024-Jun-292024-Mar-302023-Dec-302023-Sep-302023-Jun-242023-Mar-252022-Dec-242022-Sep-242022-Jun-252022-Mar-262021-Dec-252021-Sep-252021-Jun-262021-Mar-272020-Dec-262020-Sep-262020-Jun-272020-Mar-282019-Dec-282019-Sep-282019-Jun-292019-Mar-302018-Dec-292018-Sep-292018-Jun-302018-Mar-312017-Dec-302017-Sep-302017-Jun-242017-Mar-252016-Dec-242016-Sep-242016-Jun-252016-Mar-262015-Dec-262015-Sep-262015-Jun-272015-Mar-282014-Dec-272014-Sep-272014-Jun-282014-Mar-292013-Dec-28
Fiscal PeriodQ4-FY2025Q3-FY2025Q2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021Q1-FY2021Q4-FY2020Q3-FY2020Q2-FY2020Q1-FY2020Q4-FY2019Q3-FY2019Q2-FY2019Q1-FY2019Q4-FY2018Q3-FY2018Q2-FY2018Q1-FY2018Q4-FY2017Q3-FY2017Q2-FY2017Q1-FY2017Q4-FY2016Q3-FY2016Q2-FY2016Q1-FY2016Q4-FY2015Q3-FY2015Q2-FY2015Q1-FY2015Q4-FY2014Q3-FY2014Q2-FY2014Q1-FY2014
Total Revenue211,376,000$260,150,000$587,663,000$373,329,000$208,641,000$254,610,000$498,087,000$365,834,000$226,595,000$278,628,000$526,501,000$397,470,000$237,631,000$300,332,000$588,095,000$375,407,000$208,241,000$238,085,000$537,238,000$305,191,000$166,058,000$206,906,000$401,055,000$333,878,000$172,012,000$214,212,000$504,377,000$377,104,000$192,918,000$241,936,000$536,282,000$373,277,000$197,106,000$222,895,000$450,578,000$317,307,000$161,015,000$205,099,000$404,140,000$275,857,000$174,344,000$220,302,000$599,389,000$422,944,000$241,286,000$297,143,000$873,772,000$526,056,000$
QoQ%(18.75%)(55.73%)57.41%78.93%(18.06%)(48.88%)36.15%61.45%(18.68%)(47.08%)32.46%67.26%(20.88%)(48.93%)56.66%80.28%(12.54%)(55.68%)76.03%83.79%(19.74%)(48.41%)20.12%94.10%(19.70%)(57.53%)33.75%95.47%(20.26%)(54.89%)43.67%89.38%(11.57%)(50.53%)42.00%97.07%(21.49%)(49.25%)46.50%58.23%(20.86%)(63.25%)41.72%75.29%(18.80%)(65.99%)66.10%115.89%
YoY%1.31%2.18%17.98%2.05%(7.92%)(8.62%)(5.40%)(7.96%)(4.64%)(7.23%)(10.47%)5.88%14.11%26.15%9.47%23.01%25.40%15.07%33.96%(8.59%)(3.46%)(3.41%)(20.49%)(11.46%)(10.84%)(11.46%)(5.95%)1.03%(2.13%)8.54%19.02%17.64%22.42%8.68%11.49%15.03%(7.65%)(6.90%)(32.58%)(34.78%)(27.74%)(25.86%)(31.40%)(19.60%)(.98%)2.18%28.79%7.21%
Cost Of Revenue74,623,000$99,559,000$242,362,000$147,162,000$84,623,000$94,400,000$190,120,000$153,053,000$65,424,000$110,446,000$231,608,000$182,653,000$135,824,000$140,930,000$239,031,000$196,338,000$67,476,000$83,056,000$231,567,000$103,379,000$54,544,000$59,689,000$150,118,000$118,600,000$59,285,000$78,596,000$201,522,000$182,585,000$85,407,000$95,392,000$246,642,000$165,189,000$73,935,000$92,094,000$192,467,000$118,165,000$56,941,000$75,497,000$137,009,000$92,506,000$57,594,000$94,198,000$253,667,000$187,921,000$121,544,000$161,482,000$517,198,000$280,526,000$
Gross Profit136,753,000$160,591,000$345,301,000$226,167,000$124,018,000$160,210,000$307,967,000$212,781,000$161,171,000$168,182,000$294,893,000$214,817,000$101,807,000$159,402,000$349,064,000$179,069,000$140,765,000$155,029,000$305,671,000$201,812,000$111,514,000$147,217,000$250,937,000$215,278,000$112,727,000$135,616,000$302,855,000$194,519,000$107,511,000$146,544,000$289,640,000$208,088,000$123,171,000$130,801,000$258,111,000$199,142,000$104,074,000$129,602,000$267,131,000$183,351,000$116,750,000$126,104,000$345,722,000$235,023,000$119,742,000$135,661,000$356,574,000$245,530,000$
Gross Margin64.70%61.73%58.76%60.58%59.44%62.92%61.83%58.16%71.13%60.36%56.01%54.05%42.84%53.08%59.36%47.70%67.60%65.12%56.90%66.13%67.15%71.15%62.57%64.48%65.53%63.31%60.05%51.58%55.73%60.57%54.01%55.75%62.49%58.68%57.28%62.76%64.64%63.19%66.10%66.47%66.97%57.24%57.68%55.57%49.63%45.66%40.81%46.67%
Operating Expenses153,508,000$155,000,000$186,888,000$167,105,000$146,566,000$152,020,000$171,107,000$164,033,000$157,182,000$153,316,000$169,214,000$152,502,000$139,468,000$144,631,000$157,103,000$141,813,000$140,375,000$147,026,000$158,514,000$144,126,000$133,603,000$142,337,000$153,312,000$155,424,000$143,713,000$144,400,000$160,765,000$145,985,000$138,065,000$142,311,000$162,236,000$151,168,000$139,856,000$141,863,000$155,254,000$145,657,000$145,445,000$140,382,000$155,918,000$152,007,000$164,717,000$147,938,000$174,131,000$159,055,000$154,140,000$162,236,000$185,530,000$165,475,000$
Operating Income(16,755,000$)5,591,000$158,413,000$59,062,000$(22,548,000$)8,190,000$136,860,000$48,748,000$3,989,000$14,866,000$125,679,000$62,315,000$(37,661,000$)14,771,000$191,961,000$37,256,000$390,000$8,003,000$147,157,000$57,686,000$(22,089,000$)4,880,000$97,625,000$59,854,000$(30,986,000$)(8,784,000$)142,090,000$48,534,000$(30,554,000$)4,233,000$127,404,000$56,920,000$(16,685,000$)(11,062,000$)102,857,000$53,485,000$(41,371,000$)(10,780,000$)111,213,000$31,344,000$(47,967,000$)(21,834,000$)171,591,000$75,968,000$(34,398,000$)(26,575,000$)171,044,000$80,055,000$
Operating Margin(7.93%)2.15%26.96%15.82%(10.81%)3.22%27.48%13.33%1.76%5.34%23.87%15.68%(15.85%)4.92%32.64%9.92%.19%3.36%27.39%18.90%(13.30%)2.36%24.34%17.93%(18.01%)(4.10%)28.17%12.87%(15.84%)1.75%23.76%15.25%(8.47%)(4.96%)22.83%16.86%(25.69%)(5.26%)27.52%11.36%(27.51%)(9.91%)28.63%17.96%(14.26%)(8.94%)19.58%15.22%
Interest Income
Interest Expenses17,205,000$18,881,000$20,567,000$19,612,000$18,050,000$18,429,000$19,919,000$18,192,000$18,795,000$18,733,000$19,871,000$15,994,000$15,101,000$15,004,000$15,254,000$15,299,000$15,168,000$16,737,000$18,092,000$18,135,000$18,005,000$18,474,000$19,176,000$19,072,000$18,622,000$18,906,000$19,647,000$19,488,000$18,933,000$19,711,000$19,999,000$20,166,000$20,662,000$21,226,000$21,207,000$
Income Before Tax(34,589,000$)(14,593,000$)137,117,000$19,983,000$(44,379,000$)(16,948,000$)111,532,000$24,703,000$(20,611,000$)(5,017,000$)104,702,000$45,346,000$(53,899,000$)(2,264,000$)175,473,000$20,827,000$(16,205,000$)(25,848,000$)127,483,000$38,473,000$(41,081,000$)(15,472,000$)77,361,000$39,804,000$(50,783,000$)(28,866,000$)121,268,000$27,870,000$(50,683,000$)(16,451,000$)106,828,000$36,234,000$(50,439,000$)(29,564,000$)83,803,000$34,654,000$(60,074,000$)(29,418,000$)92,069,000$12,451,000$(66,958,000$)(40,767,000$)136,808,000$55,969,000$(54,564,000$)(58,826,000$)149,818,000$58,848,000$
Tax Expenses547,000$242,000$(4,000$)563,000$210,000$243,000$32,000$249,000$247,000$244,000$225,000$(48,000$)258,000$271,000$371,000$(471,000$)174,000$173,000$267,000$496,000$107,000$106,000$0$(359,000$)279,000$175,000$252,000$151,000$143,000$144,000$41,000$(934,000$)151,000$152,000$(9,000$)165,000$165,000$180,000$58,000$185,000$179,000$185,000$174,000$162,000$156,000$163,000$271,000$177,000$
Net Income(35,136,000$)(14,835,000$)137,121,000$19,420,000$(44,589,000$)(17,191,000$)111,500,000$24,454,000$(20,858,000$)(5,261,000$)104,477,000$45,394,000$(54,157,000$)(2,535,000$)175,102,000$21,298,000$(16,379,000$)(26,021,000$)127,216,000$37,977,000$(41,188,000$)(15,578,000$)77,361,000$40,163,000$(51,062,000$)(29,041,000$)121,016,000$27,719,000$(50,826,000$)(16,595,000$)106,787,000$37,168,000$(50,590,000$)(29,716,000$)83,812,000$34,489,000$(60,239,000$)(29,598,000$)92,011,000$12,266,000$(67,137,000$)(40,952,000$)136,634,000$55,807,000$(54,720,000$)(58,989,000$)149,547,000$58,671,000$
Profit Margin(16.62%)(5.70%)23.33%5.20%(21.37%)(6.75%)22.39%6.68%(9.21%)(1.89%)19.84%11.42%(22.79%)(.84%)29.77%5.67%(7.87%)(10.93%)23.68%12.44%(24.80%)(7.53%)19.29%12.03%(29.69%)(13.56%)23.99%7.35%(26.35%)(6.86%)19.91%9.96%(25.67%)(13.33%)18.60%10.87%(37.41%)(14.43%)22.77%4.45%(38.51%)(18.59%)22.80%13.20%(22.68%)(19.85%)17.12%11.15%
TTM7.44%6.79%6.65%5.18%5.59%7.28%8.02%7.36%8.66%6.28%6.37%10.75%9.31%12.06%10.92%7.81%9.53%7.86%8.92%5.43%5.48%4.57%3.34%6.62%5.41%5.34%6.18%4.98%5.69%5.69%4.79%3.27%3.20%2.46%2.51%3.37%1.38%.71%(.36%)3.21%5.95%6.52%5.04%4.99%4.88%4.44%5.17%4.59%
Earnings to Minority
Earnings to Common Shareholders(35,136,000$)(14,835,000$)137,121,000$19,420,000$(44,589,000$)(17,191,000$)111,500,000$24,454,000$(20,858,000$)(5,261,000$)104,477,000$45,394,000$(54,157,000$)(2,535,000$)175,102,000$21,298,000$(16,379,000$)(26,021,000$)127,216,000$37,977,000$(41,188,000$)(15,578,000$)77,361,000$40,163,000$(51,062,000$)(29,041,000$)121,016,000$27,719,000$(50,826,000$)(16,595,000$)106,787,000$37,168,000$(50,590,000$)(29,716,000$)83,812,000$34,489,000$(60,239,000$)(29,598,000$)92,011,000$12,266,000$(67,137,000$)(40,952,000$)136,634,000$55,807,000$(54,720,000$)(58,989,000$)149,547,000$58,671,000$
QoQ%(136.85%)(110.82%)606.08%143.55%(159.37%)(115.42%)355.96%217.24%(296.47%)(105.04%)130.16%183.82%(2,036.37%)(101.45%)722.15%230.03%37.06%(120.45%)234.98%192.20%(164.40%)(120.14%)92.62%178.66%(75.83%)(124.00%)336.58%154.54%(206.27%)(115.54%)187.31%173.47%(70.25%)(135.46%)143.01%157.25%(103.52%)(132.17%)650.13%118.27%(63.94%)(129.97%)144.83%201.99%7.24%(139.45%)154.89%192.95%
YoY%21.20%13.71%22.98%(20.59%)(113.77%)(226.76%)6.72%(46.13%)61.49%(107.54%)(40.33%)113.14%(230.65%)90.26%37.64%(43.92%)60.23%(67.04%)64.45%(5.44%)19.34%46.36%(36.07%)44.89%(.46%)(75.00%)13.33%(25.42%)(.47%)44.16%27.41%7.77%16.02%(.40%)(8.91%)181.18%10.28%27.73%(32.66%)(78.02%)(22.69%)30.58%(8.64%)(4.88%)13.31%(30.54%)15.50%1.82%
Earnings Per Share, Basic(0.14$)(226.90$)2,113.59$301.10$(0.17$)(266.97$)1,732.36$381.71$(0.08$)(82.30$)1,634.45$713.36$(0.29$)(40.06$)2,767.62$0.34$(0.26$)(0.41$)2.03$0.61$(0.66$)(0.25$)1.24$0.65$(0.82$)(0.47$)1.96$0.45$(0.82$)(0.27$)1.74$0.61$(0.82$)(0.48$)1.37$0.57$(0.98$)(0.49$)1.51$0.20$(1.10$)(0.67$)2.26$0.92$(0.90$)(0.98$)2.47$0.97$
Earnings Per Share, Diluted(0.13$)(226.90$)2,101.08$299.89$(0.17$)(266.97$)1,720.20$379.83$(0.08$)(82.30$)1,623.12$710.02$(0.28$)(40.06$)2,744.72$0.34$(0.25$)(0.41$)2.02$0.61$(0.65$)(0.25$)1.23$0.64$(0.81$)(0.47$)1.94$0.45$(0.81$)(0.27$)1.73$0.60$(0.81$)(0.48$)1.36$0.56$(0.98$)(0.49$)1.51$0.20$(1.10$)(0.67$)2.24$0.92$(0.89$)(0.98$)2.46$0.97$
Unlevered FCF Per Share, Basic0.11$1,236.80$320.50$(233.51$)0.07$726.09$941.58$(373.45$)0.18$823.51$1,343.36$(70.84$)0.20$1,020.98$1,536.76$(0.38$)0.60$1.14$1.42$(0.03$)0.54$1.16$1.10$0.04$0.80$0.92$1.38$(0.01$)0.74$1.07$1.16$(0.09$)0.55$1.89$0.42$1.19$1.94$0.19$(0.09$)
Unlevered FCF Per Share, Diluted0.11$1,236.80$318.61$(232.58$)0.07$726.09$934.97$(371.62$)0.18$823.51$1,334.05$(70.51$)0.20$1,020.98$1,524.05$(0.38$)0.58$1.14$1.41$(0.03$)0.54$1.16$1.09$0.04$0.79$0.92$1.37$(0.01$)0.74$1.07$1.15$(0.09$)0.54$1.88$0.42$1.18$1.94$0.18$(0.09$)
Average Shares, Basic260,249,24665,38164,87664,497257,031,17964,39464,36364,064255,148,51863,92663,92263,634189,689,44863,28463,26863,032,00062,809,00062,755,00062,744,00062,544,00062,384,00062,345,00062,325,00062,142,00062,546,00062,009,00061,776,00061,637,00061,834,00061,598,00061,463,00061,333,00061,361,00061,290,00061,203,00061,042,00061,218,00061,004,00060,857,00060,745,00060,805,00060,699,00060,573,00060,523,00060,648,00060,462,00060,425,00060,389,000
Average Shares, Diluted262,160,60165,38165,26264,756259,170,40764,39464,81864,381257,571,77363,92664,36863,933192,635,92063,28463,79663,309,00064,668,00062,755,00063,088,00062,741,00063,481,00062,345,00062,668,00062,414,00063,327,00062,009,00062,225,00061,903,00062,472,00061,598,00061,793,00061,525,00062,143,00061,290,00061,503,00061,232,00061,604,00061,004,00061,135,00060,961,00061,216,00060,699,00060,917,00060,796,00061,230,00060,462,00060,692,00060,620,000
EBIT(17,384,000$)4,288,000$157,684,000$39,595,000$(26,329,000$)1,481,000$131,451,000$42,895,000$(1,816,000$)13,716,000$124,573,000$61,340,000$(38,798,000$)12,740,000$190,727,000$36,126,000$(1,037,000$)(9,111,000$)145,575,000$56,608,000$(23,076,000$)3,002,000$96,537,000$58,876,000$(32,161,000$)(9,960,000$)140,915,000$47,358,000$(50,683,000$)(16,451,000$)106,828,000$36,234,000$(50,439,000$)(29,564,000$)83,803,000$34,654,000$(60,074,000$)(29,418,000$)92,069,000$12,451,000$(66,958,000$)(21,834,000$)156,519,000$75,968,000$(34,398,000$)(38,164,000$)171,044,000$80,055,000$
EBITDA1,224,000$23,023,000$175,284,000$56,694,000$(8,851,000$)17,860,000$148,176,000$59,288,000$15,386,000$29,253,000$140,637,000$75,119,000$(24,306,000$)26,749,000$204,789,000$52,411,000$20,901,000$18,143,000$172,921,000$84,625,000$6,000,000$32,155,000$125,825,000$88,150,000$(2,134,000$)20,191,000$171,538,000$77,429,000$(20,054,000$)14,808,000$139,031,000$67,365,000$(18,257,000$)2,261,000$116,473,000$65,915,000$(27,534,000$)2,870,000$125,219,000$44,089,000$(32,252,000$)10,896,000$189,748,000$108,597,000$900,000$(5,172,000$)204,326,000$114,882,000$