Filing Flows › Suburban Propane Partners LP (SPH) › Q2 FY25
Suburban Propane Partners LP (SPH) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 8, 2025
Suburban Propane Partners LP (SPH) reported revenue of $588M for the second quarter fiscal 2025 (Q2 FY25), +18% from a year earlier and +57% from the quarter before. Operating margin was 27.0%, net earnings $137M (23.3% of revenue).
Suburban Propane Partners LP, Q2 FY25: revenue $588M (+18% year over year), operating margin 27.0%, net earnings $137M, operating cash flow $40.1M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $588M | +57% | +18% |
| Operating profit | $158M | +168% | +16% |
| Net earnings | $137M | +606% | +23% |
| Operating cash flow | $40.1M | +357% | -47% |
| Free cash flow | $20.8M | — | -66% |
What changed
Revenue was $587.7M in Q2 FY25, up 18% year over year and up 57% from the previous quarter. Propane was the largest line at 89% of revenue. Propane added $87.7M year over year (up 20%), 98% of the total change. Other Sales Revenue Net declined 1%.
Operating profit was $158.4M, a 27.0% margin (down 0.5 points year over year). Of the extra revenue versus a year earlier, 24% reached operating profit, below the 27% margin then. Total costs grew 19% against revenue growth of 18%. The fastest-growing cost line was Cost of revenue (+27%). Net earnings were $137.1M, up 23% year over year. The effective tax rate was 0.0%.
Operating cash flow was $40.1M (down 47% year over year), 29% of net earnings. Non-cash charges added back $17.6M of depreciation and amortization. Working capital and other items used $114.6M. Capital expenditures of $19.3M left free cash flow of $20.8M.
Questions
What was Suburban Propane Partners LP's revenue in the second quarter fiscal 2025?
Suburban Propane Partners LP (SPH) reported revenue of $588M for the second quarter fiscal 2025 (Q2 FY25), +18% from a year earlier and +57% from the quarter before.
Was Suburban Propane Partners LP profitable in the second quarter fiscal 2025?
Operating profit was $158M (27.0% of revenue) and net earnings $137M.