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Suburban Propane Partners LP cash flow, quarter by quarter

Latest: Q3 FY26 · from the cash-flow statements filed with the SEC

Free cash flow$49.5M in Q3 FY26 · $101M over twelve months

Operating cash flow$71.0M
Capital spending−$21.5M
Free cash flow+$49.5M
Cash conversion cycle62 days

Analysis

In Q3 FY26, Suburban Propane Partners LP generated $71.0M of operating cash flow and spent $21.5M on capital projects, leaving free cash flow of $49.5M.

Over the twelve months to Jun 27, 2026, operating cash flow was $181M; the largest uses were capital spending ($80.1M), other financing ($79.4M), acquisitions ($23.2M); besides operations, cash came from asset & business sales ($3.4M), net borrowing (+) / repaid (−) ($500K); the cash balance rose by $2.6M.

Operating cash flow was $71.0M against net income of −$17.5M. The largest differences: receivables +$63.4M, deferred revenue +$27.5M, other liabilities −$27.3M.

Its cash conversion cycle was 62 days (receivables 41 + inventory 58 − payables 37).

Free cash flow

Suburban Propane Partners LP: free cash flow by quarterSuburban Propane Partners LP: free cash flow by quarter$17.7MQ4 FY24−$15.1MQ1 FY25$20.8MQ2 FY25$80.9MQ3 FY25$27.7MQ4 FY25−$67.5MQ1 FY26$91.5MQ2 FY26$49.5MQ3 FY26
Operating cash flow less capital spending.
Suburban Propane Partners LP: operating cash flow against capital spendingSuburban Propane Partners LP: operating cash flow against capital spendingOperating cash flowCapital spending$36.8M$19.1MQ4 FY24$8.8M$23.8MQ1 FY25$40.1M$19.3MQ2 FY25$95.5M$14.7MQ3 FY25$41.8M$14.1MQ4 FY25−$47.7M$19.8MQ1 FY26$116M$24.7MQ2 FY26$71.0M$21.5MQ3 FY26
Latest (Q3 FY26): Operating cash flow $71.0M, Capital spending $21.5M.

Capital allocation, year by year

Suburban Propane Partners LP: where the cash came from (up) and went (down), by fiscal yearSuburban Propane Partners LP: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingAcquisitionsFY21: Operating cash flow $227MFY21: Net borrowing −$98.9MFY21: Asset sales $4.5MFY21: Capital spending −$29.9MFY21: Acquisitions −$8.7M$231MFY21FY22: Operating cash flow $221MFY22: Net borrowing −$42.4MFY22: Asset sales $6.0MFY22: Capital spending −$44.4MFY22: Acquisitions −$56.1M$227MFY22FY23: Operating cash flow $225MFY23: Net borrowing $42.4MFY23: Asset sales $4.4MFY23: Capital spending −$44.9MFY23: Acquisitions −$130M$272MFY23FY24: Operating cash flow $161MFY24: Net borrowing $19.0MFY24: Asset sales $2.9MFY24: Capital spending −$59.4MFY24: Acquisitions −$25.2M$183MFY24FY25: Operating cash flow $186MFY25: Net borrowing −$1.8MFY25: Asset sales $3.2MFY25: Capital spending −$72.0MFY25: Acquisitions −$59.5M$189MFY25
Over these 5 years operating cash flow totalled $1.0B; the largest uses were acquisitions ($280M) and capital spending ($251M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$5.0M
Debt$1.2B
Net debt$1.2B

Suburban Propane Partners LP funds itself: free cash flow was $101M over the last twelve months, and $5.0M of cash and investments stands against $1.2B of debt.

Suburban Propane Partners LP: debt maturities by year (FY25)Suburban Propane Partners LP: debt maturities by year (FY25)$499MYear 2$11.7MYear 4$12.4MYear 5$707MAfter year 5
Principal due in each year as disclosed in the annual report, against $5.0M of cash and investments now.

Where the cash came from and went

Suburban Propane Partners LP: sources (+) and uses (−) of cash, Q3 FY26Suburban Propane Partners LP: sources (+) and uses (−) of cash, Q3 FY26Operating cash flow$71.0MNet borrowing (+) / repaid (−)−$36.2MCapital spending−$21.5MOther financing−$15.4MCash drawn (+) / kept (−)$1.4MAsset & business sales$662K
Suburban Propane Partners LP: sources (+) and uses (−) of cash, TTM to Q3 FY26Suburban Propane Partners LP: sources (+) and uses (−) of cash, TTM to Q3 FY26Operating cash flow$181MCapital spending−$80.1MOther financing−$79.4MAcquisitions−$23.2MAsset & business sales$3.4MCash drawn (+) / kept (−)−$2.6MNet borrowing (+) / repaid (−)$500K

From profit to cash

Suburban Propane Partners LP: net income to operating cash flow, Q3 FY26Suburban Propane Partners LP: net income to operating cash flow, Q3 FY26Net income−$17.5MDepreciation & amortization$16.7MOther non-cash$784KReceivables$63.4MInventory−$2.4MPayables−$4.7MEmployee-related liabilities$4.4MDeferred revenue$27.5MPrepaid and other assets$8.9MOther liabilities−$27.3MOperating cash flow$71.0M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 FY2641583762
Q2 FY2623292032
Q1 FY2624503242
Q4 FY2532824470
Q3 FY2540543064
Q2 FY2521222420
Q1 FY2523363920
Q4 FY2431573652

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 FY26$71.0M−$21.5M—−$36.2M$1.4M$49.5M
Q2 FY26$116M−$24.7M−$960K−$64.3M−$5.1M$91.5M
Q1 FY26−$47.7M−$19.8M−$22.2M$115M$196K−$67.5M
Q4 FY25$41.8M−$14.1M−$80K−$14.4M$925K$27.7M
Q3 FY25$95.5M−$14.7M−$4.1M−$69.0M$4.7M$80.9M
Q2 FY25$40.1M−$19.3M−$4.2M−$10.1M$5.0M$20.8M
Q1 FY25$8.8M−$23.8M−$51.1M$91.7M−$1.9M−$15.1M
Q4 FY24$36.8M−$19.1M−$3.1M$7.0M−$963K$17.7M

Suburban Propane Partners LP: income statement and cash flow

Suburban Propane Partners LP, Q3 FY26: revenue $261M (+0.5% year over year), operating margin 0.9%. The chart follows the revenue to costs, profit and cash.

Suburban Propane Partners LP: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.