Filing Flows › Suburban Propane Partners LP (SPH) › Q4 FY24
Suburban Propane Partners LP (SPH) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 27, 2024
Suburban Propane Partners LP (SPH) reported revenue of $209M for the fourth quarter fiscal 2024 (Q4 FY24), -8% from a year earlier and -18% from the quarter before. Operating margin was -10.8%, net loss $44.6M (21.4% of revenue).
Suburban Propane Partners LP, Q4 FY24: revenue $209M (-8% year over year), operating margin -10.8%, net loss $44.6M, operating cash flow $36.8M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $209M | -18% | -8% |
| Operating profit | −$22.5M | — | — |
| Net earnings | −$44.6M | — | — |
| Operating cash flow | $36.8M | -40% | -36% |
| Free cash flow | $17.7M | -62% | -62% |
What changed
Revenue was $208.6M in Q4 FY24, down 8% year over year and down 18% from the previous quarter. Propane was the largest line at 86% of revenue.
Operating costs exceeded revenue by $22.5M, an operating margin of -10.8%. Total costs grew 4% against a revenue fall of 8%. The fastest-growing cost line was Cost of revenue (+29%). The quarter ended with a net loss of $44.6M, wider than the previous quarter's $17.2M loss.
Operating cash flow was $36.8M (down 36% year over year). Non-cash charges added back $17.5M of depreciation and amortization. Working capital and other items added $63.9M. Capital expenditures of $19.1M left free cash flow of $17.7M.
Questions
What was Suburban Propane Partners LP's revenue in the fourth quarter fiscal 2024?
Suburban Propane Partners LP (SPH) reported revenue of $209M for the fourth quarter fiscal 2024 (Q4 FY24), -8% from a year earlier and -18% from the quarter before.
Was Suburban Propane Partners LP profitable in the fourth quarter fiscal 2024?
Operating loss was $22.5M (-10.8% of revenue) and net loss $44.6M.