Filing Flows › Suburban Propane Partners LP (SPH) › Q4 FY25
Suburban Propane Partners LP (SPH) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Nov 26, 2025
Suburban Propane Partners LP (SPH) reported revenue of $211M for the fourth quarter fiscal 2025 (Q4 FY25), +1% from a year earlier and -19% from the quarter before. Operating margin was -7.9%, net loss $35.1M (16.6% of revenue).
Suburban Propane Partners LP, Q4 FY25: revenue $211M (+1% year over year), operating margin -7.9%, net loss $35.1M, operating cash flow $41.8M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $211M | -19% | +1% |
| Operating profit | −$16.8M | -400% | — |
| Net earnings | −$35.1M | — | — |
| Operating cash flow | $41.8M | -56% | +14% |
| Free cash flow | $27.7M | -66% | +56% |
What changed
Revenue was $211.4M in Q4 FY25, up 1% year over year and down 19% from the previous quarter. Propane was the largest line at 87% of revenue.
Operating costs exceeded revenue by $16.8M, an operating margin of -7.9%. Total costs fell 1% while revenue rose 1%. The fastest-growing cost line was General & admin (+13%). The quarter ended with a net loss of $35.1M, wider than the previous quarter's $14.8M loss. Net interest and other expense of $17.8M was the main reason.
Operating cash flow was $41.8M (up 14% year over year). Non-cash charges added back $18.6M of depreciation and amortization. Working capital and other items added $58.4M. Capital expenditures of $14.1M left free cash flow of $27.7M.
Questions
What was Suburban Propane Partners LP's revenue in the fourth quarter fiscal 2025?
Suburban Propane Partners LP (SPH) reported revenue of $211M for the fourth quarter fiscal 2025 (Q4 FY25), +1% from a year earlier and -19% from the quarter before.
Was Suburban Propane Partners LP profitable in the fourth quarter fiscal 2025?
Operating loss was $16.8M (-7.9% of revenue) and net loss $35.1M.