Filing Flows › Suburban Propane Partners LP (SPH) › Q3 FY26 › vs Q2 FY26
Suburban Propane Partners LP (SPH) Q3 FY26 vs Q2 FY26 (quarter over quarter)
Suburban Propane Partners LP's revenue fell $290M (-53%) from $551M in Q2 FY26 to $261M in Q3 FY26. The biggest changes: Propane −$264M (-54%); Fuel Oil and Refined Fuels −$20.6M (-64%); Natural Gas and Electricity −$4.3M (-48%).
Suburban Propane Partners LP, Q3 FY26: revenue $261M (+0.5% year over year), operating margin 0.9%, net loss $17.5M, operating cash flow $71.0M. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q3 FY26 | Q2 FY26 | Change | |
|---|---|---|---|
| Free cash flow margin | 18.9% | 16.6% | +2.3 pts |
Every line
| Line | Q3 FY26 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Propane | $227M | $491M | −$264M | -54% |
| Other Sales Revenue Net | $18.2M | $18.9M | −$758K | -4% |
| Fuel Oil and Refined Fuels | $11.7M | $32.4M | −$20.6M | -64% |
| Natural Gas and Electricity | $4.5M | $8.8M | −$4.3M | -48% |
| Revenue | $261M | $551M | −$290M | -53% |
| Net loss | $17.5M | −$138M | $155M | — |
| Costs & expenses | $279M | $551M | −$272M | -49% |
| Operating costs | $259M | $393M | −$134M | -34% |
| Interest & other, net | $19.6M | $20.2M | −$680K | -3% |
| Income tax | $182K | $120K | $62K | +52% |
| Cost of revenue | $101M | $208M | −$106M | -51% |
| General & admin | $16.5M | $30.0M | −$13.6M | -45% |
| Other operating costs | $142M | $156M | −$14.1M | -9% |
| Operating cash sources | $88.5M | −$21.3M | $110M | — |
| Depreciation & amortization | $16.7M | $16.3M | $422K | +3% |
| Working capital & other | $71.8M | −$37.5M | $109M | — |
| Net loss absorbed | $17.5M | −$138M | $155M | — |
| Operating cash flow | $71.0M | $116M | −$45.3M | -39% |
| Free cash flow (OCF − capex) | $49.5M | $91.5M | −$42.0M | -46% |
| Capital expenditures | $21.5M | $24.7M | −$3.3M | -13% |
Questions
How much did Suburban Propane Partners LP's revenue grow quarter over quarter in Q3 FY26?
Suburban Propane Partners LP's revenue fell $290M (-53%) from $551M in Q2 FY26 to $261M in Q3 FY26.
What drove Suburban Propane Partners LP's revenue change in Q3 FY26?
Propane −$264M (-54%); Fuel Oil and Refined Fuels −$20.6M (-64%); Natural Gas and Electricity −$4.3M (-48%).