Filing Flows › Suburban Propane Partners LP (SPH) › Q3 FY25
Suburban Propane Partners LP (SPH) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Aug 7, 2025
Suburban Propane Partners LP (SPH) reported revenue of $260M for the third quarter fiscal 2025 (Q3 FY25), +2% from a year earlier and -56% from the quarter before. Operating margin was 2.1%, net loss $14.8M (5.7% of revenue).
Suburban Propane Partners LP, Q3 FY25: revenue $260M (+2% year over year), operating margin 2.1%, net loss $14.8M, operating cash flow $95.5M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $260M | -56% | +2% |
| Operating profit | $5.6M | -96% | — |
| Net earnings | −$14.8M | -111% | — |
| Operating cash flow | $95.5M | +138% | +56% |
| Free cash flow | $80.9M | +289% | +73% |
What changed
Revenue was $260.1M in Q3 FY25, up 2% year over year and down 56% from the previous quarter. Propane was the largest line at 87% of revenue. Propane added $6.8M year over year (up 3%), 124% of the total change. Fuel Oil and Refined Fuels declined 11%.
Operating profit was $5.6M, a 2.1% margin (down 1.1 points year over year). Operating profit fell $2.6M even though revenue rose $5.5M versus a year earlier, so costs grew faster than sales. Total costs grew 3% against revenue growth of 2%. The quarter ended with a net loss of $14.8M, after a profit of $137.1M the previous quarter. Net interest and other expense of $20.2M was the main reason.
Operating cash flow was $95.5M (up 56% year over year). Non-cash charges added back $18.7M of depreciation and amortization. Working capital and other items added $91.6M. Capital expenditures of $14.7M left free cash flow of $80.9M.
Questions
What was Suburban Propane Partners LP's revenue in the third quarter fiscal 2025?
Suburban Propane Partners LP (SPH) reported revenue of $260M for the third quarter fiscal 2025 (Q3 FY25), +2% from a year earlier and -56% from the quarter before.
Was Suburban Propane Partners LP profitable in the third quarter fiscal 2025?
Operating profit was $5.6M (2.1% of revenue) and net loss $14.8M.