# Suburban Propane Reports $109 Million Fiscal 2026 Net Income and Lifts Annual Distribution to $1.40

> Suburban Propane reported $109.0 million in fiscal 2026 net income and raised its annualized distribution to $1.40 per unit, a 7.7% increase.

- Published: 2026-11-12T13:02:19+00:00
- Section: Earnings & Results
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-12/suburban-propane-fiscal-2026-results-distribution
- Source: [PR Newswire](https://www.prnewswire.com/news-releases/suburban-propane-partners-lp-announces-full-year-and-fourth-quarter-results-302937136.html)

## Key takeaways

- Suburban Propane's fiscal 2026 net income was $109.0 million, or $1.63 per Common Unit, compared with $106.6 million a year earlier.
- Adjusted EBITDA rose 2.2% to $284.0 million, and the annualized distribution rate increased 7.7% to $1.40 per Common Unit.
- The partnership refinanced $350.0 million of senior notes due March 2027 with 6.5% notes due December 2035, extending maturities by nearly nine years.

[Suburban Propane](https://akta.pro/company-profiles/0004krw/suburban-propane) Partners reported fiscal 2026 net income of $109.0 million, or $1.63 per Common Unit, for the year ended September 26, 2026, and raised its annualized distribution rate to $1.40 per Common Unit, a 7.7% increase. The partnership announced the results on November 12, 2026, according to [PR Newswire](https://www.prnewswire.com/news-releases/suburban-propane-partners-lp-announces-full-year-and-fourth-quarter-results-302937136.html).

## Suburban Propane's Full-Year Earnings and Distribution

Adjusted EBITDA increased $6.0 million, or 2.2%, to $284.0 million from $278.0 million in fiscal 2025. Net income compared with $106.6 million, or $1.64 per Common Unit, a year earlier. Total gross margins of $893.4 million rose $34.7 million, or 4.0%, and retail propane gallons sold increased about 1% to 402.9 million gallons.

President and Chief Executive Officer Michael A. Stivala said, "Fiscal 2026 was another strong year for Suburban Propane with solid results in our propane operations, the completion of capital projects to increase the scale of our renewable natural gas business, and continued debt reduction to further strengthen our financial position." The partnership refinanced $350.0 million of senior notes due March 2027 with $350.0 million of 6.5% senior notes due December 2035, extending those maturities by nearly nine years, and reduced total debt by more than $25.0 million. Its Total Consolidated Leverage Ratio improved to 4.13x from 4.29x.

For the fiscal fourth quarter, the partnership reported a net loss of $56.8 million, or $0.85 per Common Unit, compared with a net loss of $35.1 million, or $0.53 per Common Unit, a year earlier. Fourth-quarter Adjusted EBITDA was $7.3 million, compared with $0.7 million.

## Suburban Propane's Scale and Funding Record

Suburban Propane serves approximately 1 million residential, commercial, industrial and agricultural customers across 42 states through more than 700 customer service locations, according to akta.pro [company records](https://akta.pro/company-data). The same records list four funding rounds, including $350 million of post-IPO debt in December 2025 and $6.6 million of post-IPO equity in June 2026. The partnership was founded in 1928 and is headquartered in Whippany, New Jersey.

## Suburban Propane's Earnings Expectations Before the Release

Ahead of the results, Investing.com reported that Suburban Propane was expected to post a fiscal fourth-quarter loss of $0.59 per unit on $212 million in revenue, compared with $0.26 per unit on $261.4 million in the prior quarter. In October 2026, American Banking and Market News reported that Southwest Gas outperformed Suburban Propane on 12 of 17 factors, including higher revenue, earnings and analyst ratings.

## Suburban Propane's Tax Credit Timeline

Suburban Propane recognized $12.4 million of benefits from production tax credits related to renewable natural gas injections for the period from January 2025 through September 2026 and generated $11.3 million of investment tax credits tied to construction of its Upstate New York facility. The partnership monetized approximately $3.0 million of the production tax credits during fiscal 2026 and expects to monetize the remaining credits during fiscal 2027. It is also awaiting final commissioning of the injection site at its Columbus, Ohio facility by the local utility.

## Companies in this story

- [Suburban Propane company profile](https://akta.pro/company-profiles/0004krw/suburban-propane) · website: http://www.suburbanpropane.com

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