Suburban Propane stock posts USD 56.8 million fiscal Q4 loss

Published on 11/13/2026 at 01:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Suburban Propane stock reported stronger full-year operating earnings despite a seasonal quarterly loss. The partnership also raised its annual distribution.

Fiscal Results Reshape the Outlook

Fiscal 2026 adjusted EBITDA increased 2.2 percent to USD 284.0 million.
Renewable natural gas injection rose 13 percent, supported by new and upgraded facilities.
Debt refinancing extended USD 350.0 million of senior notes to December 2035.
The annualized distribution rate increased 7.7 percent to USD 1.40 per common unit.

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Suburban Propane Partners reported a USD 56.8 million net loss for the fiscal fourth quarter ended September 26, 2026, compared with a USD 35.1 million loss a year earlier. The partnership announced the results on Thursday, November 12, according to PR Newswire.

Full-year net income rose to USD 109.0 million from USD 106.6 million in fiscal 2025. Adjusted EBITDA increased 2.2 percent to USD 284.0 million, while retail propane gallons sold rose 1 percent to 402.9 million gallons.

Renewable Gas Drives Operating Progress

Average daily renewable natural gas injection increased 13 percent during fiscal 2026. Suburban Propane recognized USD 12.4 million in production tax credits and generated USD 11.3 million in investment tax credits linked to its renewable natural gas facilities.

The fourth-quarter adjusted EBITDA result was USD 7.3 million, compared with USD 0.7 million in the prior-year quarter. The company said the result included a USD 7.8 million benefit from production tax credits, highlighting the importance of policy-linked revenue to the renewable gas business.

Balance Sheet and Distribution Take Focus

Suburban Propane refinanced USD 350.0 million of senior notes due in March 2027 with new 6.5 percent notes due in December 2035. Total debt fell by more than USD 25.0 million, and the consolidated leverage ratio improved to 4.13 times at the end of fiscal 2026.

The board increased the quarterly distribution from USD 0.325 to USD 0.35 per common unit. The higher annualized rate was paid on November 10, 2026, to unitholders of record on November 3.

Business Model and Market Position

Suburban Propane is a master limited partnership headquartered in Whippany, New Jersey, that distributes propane, renewable propane, fuel oil and refined fuels, while also marketing natural gas and electricity. The company produces renewable natural gas and serves residential, commercial, industrial and agricultural customers across the United States. Its operating model combines a nationwide energy distribution network with a specialized renewable natural gas platform.