Suburban Propane Partners L P (SPH) Misses Q1 EPS Views

Suburban Propane Partners L P (NYSE: SPH) reported Q1 EPS of $0.20, $0.59 worse than the analyst estimate of $0.79. Revenue for the quarter came in at $275.9 million versus the consensus estimate of $375.85 million.

Net income and EBITDA for the first quarter of fiscal 2016 included a $3.0 million charge related to the settlement of a product liability matter. Net income and EBITDA for the first quarter of fiscal 2015 included $1.9 million in expenses related to the integration of Inergy Propane. Excluding the effects of the foregoing items and unrealized (non-cash) mark-to-market adjustments on derivative instruments in both years, Adjusted EBITDA (as defined and reconciled below) amounted to $67.2 million for the first quarter of fiscal 2016, compared to Adjusted EBITDA of $101.0 million in the prior year first quarter.

For earnings history and earnings-related data on Suburban Propane Partners L P (SPH) click here.

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