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Suburban Propane Partners, L.P. Announces Second Quarter Results
Suburban Propane Partners, L.P. (NYSE:SPH), today announced earnings for its second quarter ended March 29, 2025.
About this update from Suburban Propane Partners, L.p.
[{"type":"text","content":"WHIPPANY, N.J., May 8, 2025 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE:SPH), today announced earnings for its second quarter ended March 29, 2025.","length":162,"tagName":"p"},{"type":"image","alt":"Suburban Propane Logo (PRNewsfoto/Suburban Propane Partners, L.P.)","displaySize":"","headline":null,"caption":"Suburban Propane Logo (PRNewsfoto/Suburban Propane Partners, L.P.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":191,"url":"https://media.zenfs.com/en/prnewswire.com/439e04bfc48e0a0dc62001148a81182a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/tFlG2A2jxo9mDm673mX85w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTMzNztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/439e04bfc48e0a0dc62001148a81182a","width":400,"height":191}},"href":"https://mma.prnewswire.com/media/656143/Suburban_Propane_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Net income for the second quarter of fiscal 2025 was $137.1 million, or $2.11 per Common Unit, compared to net income of $111.5 million, or $1.73 per Common Unit, for the second quarter of fiscal 2024. Adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA, as defined and reconciled below) for the second quarter of fiscal 2025 improved $28.0 million, or 19.1%, to $175.0 million, compared to the prior year second quarter.","length":458,"tagName":"p"},{"type":"text","content":"In announcing these results, President and Chief Executive Officer Michael A. Stivala said, "The fiscal 2025 second quarter was an outstanding quarter for Suburban Propane -- delivering solid operating results, making continued progress on the execution of our long-term strategic initiatives and improving our financial metrics. Following an unseasonably warm first quarter, we experienced a widespread cold weather pattern across much of our operating footprint during January and February, with sustained cold temperatures not seen in nearly ten years. Our dedicated operations personnel were well-prepared, and executed safely and tirelessly in response to the surge in heat-related customer demand, which enabled us to deliver a 15.5% increase in volumes sold compared to the prior year second quarter. The strong volume performance, combined with effective margin management during a rising ...