Suburban Propane Partners increased its annualized distribution to $1.40 per unit following a 2.2% rise in fiscal 2026 Adjusted EBITDA to $284.0 million and a reduction in total debt by more than $25.0 million.
Fiscal 2026 Adjusted EBITDA rose 2.2% to $284.0 million, leverage improved to 4.13x from 4.29x, debt was cut by more than $25.0 million, and the annualized distribution was raised 7.7% to $1.40 per Common Unit. Offsetting this, EPS slipped to $1.63 from $1.64 and the fiscal Q4 net loss widened to $56.8 million from $35.1 million. For income-focused unit holders the higher payout and stronger balance sheet dominate, but the wider quarterly loss caps enthusiasm.
Suburban Propane Partners reported fiscal 2026 Adjusted EBITDA of $284.0 million, a 2.2% increase, while successfully refinancing $350.0 million in senior notes. Despite a wider fiscal fourth-quarter net loss of $56.8 million, the company raised its annualized distribution by 7.7% to $1.40 per Common Unit, citing a stronger balance sheet and improved leverage of 4.13x.
Yes, the annualized distribution rate was increased 7.7% to $1.40 per Common Unit, announced with the fiscal 2026 results on November 12, 2026.
Net income was $109.0 million ($1.63 per Common Unit) versus $106.6 million ($1.64) in fiscal 2025, and Adjusted EBITDA rose 2.2% to $284.0 million. Gross margin grew 4.0% to $893.4 million, though the fiscal fourth quarter showed a net loss of $56.8 million.