Overview
Suburban Propane Q4 net loss narrows to $35.1 mln from $44.6 mln last year
Adjusted EBITDA for Q4 slightly down from last year
Retail propane gallons sold in Q4 increased 1.8% yr/yr
Outlook
Company did not provide specific guidance for future periods
Result Drivers
INCREASED PROPANE DEMAND - Strong propane demand driven by cold weather and hurricanes boosted volumes by 5.9%
MARGIN MANAGEMENT - Effective margin management during rising commodity prices contributed to EBITDA growth
STRATEGIC INITIATIVES - Acquisitions and renewable energy investments supported long-term growth
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 EPS | -$0.53 | ||
Q4 Net Income | -$35.14 mln | ||
Q4 Adjusted EBITDA | $664,000 | ||
Q4 EBITDA | $1.22 mln | ||
Q4 Operating Income | -$16.76 mln | ||
Q4 Pretax Profit | -$34.59 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the oil & gas refining and marketing peer group is "buy"
Wall Street's median 12-month price target for Suburban Propane Partners LP is $17.00, about 10.2% below its November 12 closing price of $18.73
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago
Press Release: ID:nPn9ZhP1Va
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)