Filing Flows › Suburban Propane Partners LP (SPH) › Q3 FY26
Suburban Propane Partners LP (SPH) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Aug 6, 2026
Suburban Propane Partners LP (SPH) reported revenue of $261M for the third quarter fiscal 2026 (Q3 FY26), +0.5% from a year earlier and -53% from the quarter before. Operating margin was 0.9%, net loss $17.5M (6.7% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $261M | -53% | +0.5% |
| Operating profit | $2.2M | -99% | -60% |
| Net earnings | −$17.5M | -113% | — |
| Operating cash flow | $71.0M | -39% | -26% |
| Free cash flow | $49.5M | -46% | -39% |
What changed
Revenue was $261.4M in Q3 FY26, roughly flat year over year and down 53% from the previous quarter. Propane was the largest line at 87% of revenue. Fuel Oil and Refined Fuels added $2.0M year over year (up 21%), 163% of the total change. Natural Gas and Electricity declined 7%.
Operating profit was $2.2M, a 0.9% margin (down 1.3 points year over year). Operating profit fell $3.4M even though revenue rose $1.2M versus Q3 FY25, so costs grew faster than sales. Total costs grew 2% against flat revenue. The quarter ended with a net loss of $17.5M, after a profit of $137.5M the previous quarter. Net interest and other expense of $19.6M was the main reason.
Operating cash flow was $71.0M (down 26% year over year). Non-cash charges added back $16.7M of depreciation and amortization. Working capital and other items added $71.8M. Capital expenditures of $21.5M left free cash flow of $49.5M.
Questions
What was Suburban Propane Partners LP's revenue in the third quarter fiscal 2026?
Suburban Propane Partners LP (SPH) reported revenue of $261M for the third quarter fiscal 2026 (Q3 FY26), +0.5% from a year earlier and -53% from the quarter before.
Was Suburban Propane Partners LP profitable in the third quarter fiscal 2026?
Operating profit was $2.2M (0.9% of revenue) and net loss $17.5M.