Suburban Propane Partners (SPH) Reports Q1 EPS of $0.57

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Go back to Suburban Propane Partners (SPH) Reports Q1 EPS of $0.57

Suburban Propane Partners, L.P. Announces First Quarter Earnings

February 2, 2017 7:30 AM EST

WHIPPANY, N.J., Feb. 2, 2017 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE: SPH), a nationwide distributor of propane, fuel oil and related products and services, as well as a marketer of natural gas and electricity, today announced earnings for its first quarter ended December 24, 2016.

Net income for the first quarter of fiscal 2017 was $34.5 million, or $0.57 per Common Unit, compared to net income of $12.3 million, or $0.20 per Common Unit, in the prior year first quarter.

Adjusted EBITDA (as defined and reconciled below) increased $17.1 million to $84.3 million for the first quarter... More