Suburban Propane Partners, L.P. Reports Earnings Results for the Second Quarter and Six Months Ended March 30, 2024
May 09, 2024 at 07:55 am EDT
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Suburban Propane Partners, L.P. reported earnings results for the second quarter and six months ended March 30, 2024. For the second quarter, the company reported revenue was USD 498.09 million compared to USD 526.5 million a year ago. Net income was USD 111.5 million compared to USD 104.48 million a year ago. Basic earnings per share from continuing operations was USD 1.73 compared to USD 1.63 a year ago. Diluted earnings per share from continuing operations was USD 1.72 compared to USD 1.62 a year ago.
For the six months, revenue was USD 863.92 million compared to USD 923.97 million a year ago. Net income was USD 135.95 million compared to USD 149.87 million a year ago. Basic earnings per share from continuing operations was USD 2.12 compared to USD 2.35 a year ago. Diluted earnings per share from continuing operations was USD 2.1 compared to USD 2.34 a year ago.
Suburban Propane Partners, L.P. is a nationwide distributor of propane, renewable propane, renewable natural gas, fuel oil and related products and services, as well as a marketer of natural gas and electricity and investor in low carbon fuel alternatives. The Company's segments include propane, fuel oil and refined fuels, natural gas and electricity, and all other. The propane segment is engaged in the retail distribution of propane and renewable propane to residential, commercial, industrial, agricultural and government customers and, to a lesser extent, wholesale distribution to large industrial end users. The fuel oil and refined fuels segment is engaged in the retail distribution of fuel oil, diesel, kerosene and gasoline. The natural gas and electricity segment is engaged in the marketing of natural gas and electricity to residential and commercial customers in the deregulated energy markets of New York and Pennsylvania. The all other segment includes its service business.
SUBURBAN PROPANE PARTNERS, L.P. 
