Filing Flows › Suburban Propane Partners LP (SPH) › Q2 FY26 › vs Q2 FY25
Suburban Propane Partners LP (SPH) Q2 FY26 vs Q2 FY25 (year over year)
Suburban Propane Partners LP's revenue fell $36.5M (-6%) from $588M in Q2 FY25 to $551M in Q2 FY26. The biggest changes: Propane −$34.1M (-6%); Other Sales Revenue Net −$1.1M (-5%); Fuel Oil and Refined Fuels −$1.0M (-3%). Operating margin 28.6% against 27.0% (+1.7 pts).
Suburban Propane Partners LP, Q2 FY26: revenue $551M (-6% year over year), operating margin 28.6%, net earnings $138M, operating cash flow $116M. The chart draws each line against Q2 FY25, the increases inside each band.
Margins
| Q2 FY26 | Q2 FY25 | Change | |
|---|---|---|---|
| Operating margin | 28.6% | 27.0% | +1.7 pts |
| Net margin | 25.0% | 23.3% | +1.6 pts |
| Free cash flow margin | 16.6% | 3.5% | +13.1 pts |
Every line
| Line | Q2 FY26 | Q2 FY25 | Change | % |
|---|---|---|---|---|
| Propane | $491M | $525M | −$34.1M | -6% |
| Fuel Oil and Refined Fuels | $32.4M | $33.4M | −$1.0M | -3% |
| Other Sales Revenue Net | $18.9M | $20.0M | −$1.1M | -5% |
| Natural Gas and Electricity | $8.8M | $9.0M | −$247K | -3% |
| Revenue | $551M | $588M | −$36.5M | -6% |
| Operating profit | $158M | $158M | −$502K | -0.3% |
| Costs & expenses | $393M | $429M | −$36.0M | -8% |
| Pre-tax earnings | $138M | $137M | $545K | +0.4% |
| Other expense, net | $20.2M | $21.3M | −$1.0M | -5% |
| Cost of revenue | $208M | $242M | −$34.9M | -14% |
| General & admin | $30.0M | $29.9M | $133K | +0.4% |
| Other operating costs | $156M | $157M | −$1.2M | -0.8% |
| Net earnings | $138M | $137M | $421K | +0.3% |
| Income tax | $120K | −$4K | $124K | — |
| Depreciation & amortization | $16.3M | $17.6M | −$1.3M | -8% |
| Working capital & other | $37.5M | $115M | −$77.1M | -67% |
| Operating cash flow | $116M | $40.1M | $76.2M | +190% |
| Free cash flow (OCF − capex) | $91.5M | $20.8M | $70.7M | +340% |
| Capital expenditures | $24.7M | $19.3M | $5.4M | +28% |
Questions
How much did Suburban Propane Partners LP's revenue grow year over year in Q2 FY26?
Suburban Propane Partners LP's revenue fell $36.5M (-6%) from $588M in Q2 FY25 to $551M in Q2 FY26.
What drove Suburban Propane Partners LP's revenue change in Q2 FY26?
Propane −$34.1M (-6%); Other Sales Revenue Net −$1.1M (-5%); Fuel Oil and Refined Fuels −$1.0M (-3%).