Suburban Propane Partners LP income statement
In fiscal 2025, Suburban Propane Partners LP reported revenue of $1.43bn, up 7.9% on the year before, operating income of $206m (a 14.4% margin) and net income of $107m, or $1.62 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Sept 2009 | 2010Sept 2010 | 2011Sept 2011 | 2012Sept 2012 | 2013Sept 2013 | 2014Sept 2014 | 2015Sept 2015 | 2016Sept 2016 | 2017Sept 2017 | 2018Sept 2018 | 2019Sept 2019 | 2020Sept 2020 | 2021Sept 2021 | 2022Sept 2022 | 2023Sept 2023 | 2024Sept 2024 | 2025Sept 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,143 | 1,137 | 1,191 | 1,063 | 1,704 | 1,938 | 1,417 | 1,046 | 1,188 | 1,344 | 1,268 | 1,108 | 1,289 | 1,501 | 1,429 | 1,327 | 1,433 | 1,394 |
| Cost of revenue | — | — | — | — | — | — | — | 362 | 477 | 593 | 522 | 383 | 485 | 712 | 590 | 522 | 564 | 514 |
| Gross profit | — | — | — | — | — | — | — | 684 | 711 | 752 | 746 | 725 | 803 | 789 | 839 | 805 | 869 | 880 |
| General and administrative | 57 | 62 | 52 | 59 | 65 | 65 | 68 | 61 | 57 | 66 | 71 | 66 | 74 | 82 | 92 | 90 | 96 | 95 |
| Operating income | 211 | 153 | 143 | 42 | 177 | 190 | 178 | 90 | 129 | 158 | 151 | 140 | 213 | 206 | 207 | 171 | 206 | 211 |
| Interest expense | 39 | 27 | 27 | 39 | — | — | — | — | 75 | 77 | 77 | 75 | 68 | 61 | 73 | 75 | 76 | 76 |
| Net interest income | −38 | −27 | −27 | −39 | −95 | −83 | — | — | — | — | — | — | — | — | — | — | — | — |
| Income before tax | 168 | 116 | 116 | 1 | 79 | 95 | 85 | 15 | 38 | 76 | 69 | 61 | 124 | 140 | 124 | 75 | 108 | 132 |
| Income tax | 2 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 0 | −1 | 1 | −0 | 1 | 0 | 1 | 1 | 1 | 1 |
| Net income | 165 | 115 | 115 | 1 | 79 | 95 | 84 | 14 | 38 | 77 | 69 | 61 | 123 | 140 | 124 | 74 | 107 | 131 |
| Diluted EPS | $4.96 | $3.24 | $3.22 | $0.02 | $1.34 | $1.56 | $1.38 | $0.24 | $0.62 | $1.24 | $1.10 | $0.97 | $1.94 | $2.18 | $1.92 | $1.14 | $1.62 | — |
| Diluted shares (average) | 33m | 35,613m | 36m | 39m | 59m | 61m | 61m | 61m | 62m | 62m | 62m | 63m | 63m | 64m | 64m | 65m | 66m | — |
| EBITDA | 241 | 184 | 179 | 89 | 307 | 327 | 311 | 220 | 257 | 283 | 272 | 257 | 318 | 265 | 269 | 238 | 278 | 279 |
| Quarter | 2024 Q4Sept 2024 | 2025 Q1Dec 2024 | 2025 Q2Mar 2025 | 2025 Q3Jun 2025 | 2025 Q4Sept 2025 | 2026 Q1Dec 2025 | 2026 Q2Mar 2026 | 2026 Q3Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 209 | 373 | 588 | 260 | 211 | 370 | 551 | 261 |
| Cost of revenue | 85 | 147 | 242 | 100 | 75 | 131 | 208 | 101 |
| Gross profit | 124 | 226 | 345 | 161 | 137 | 240 | 344 | 160 |
| General and administrative | 18 | 27 | 30 | 19 | 21 | 28 | 30 | 16 |
| Operating income | −23 | 59 | 158 | 6 | −17 | 68 | 158 | 2 |
| Interest expense | 18 | 20 | 21 | 19 | 17 | 20 | 20 | 19 |
| Income before tax | −44 | 20 | 137 | −15 | −35 | 46 | 138 | −17 |
| Income tax | 0 | 1 | −0 | 0 | 1 | 0 | 0 | 0 |
| Net income | −45 | 19 | 137 | −15 | −35 | 46 | 138 | −18 |
| Diluted EPS | −$0.69 | $0.30 | $2.10 | −$0.23 | −$0.55 | $0.69 | $2.06 | −$0.26 |
| EBITDA | −5 | 76 | 176 | 24 | 2 | 85 | 174 | 19 |
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