Suburban Propane Partners, L.P. Reports Earnings Results for the First Quarter Ended December 30, 2023
February 08, 2024 at 08:11 am EST
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Suburban Propane Partners, L.P. reported earnings results for the first quarter ended December 30, 2023. For the first quarter, the company reported revenue was USD 365.83 million compared to USD 397.47 million a year ago. Net income was USD 24.45 million compared to USD 45.39 million a year ago.
Basic earnings per share from continuing operations was USD 0.38 compared to USD 0.71 a year ago. Diluted earnings per share from continuing operations was USD 0.38 compared to USD 0.71 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.