Suburban Propane Partners Q1 Profit Rises - Quick Facts

(RTTNews) - Suburban Propane Partners, L.P. (SPH) reported first-quarter net income of $58.67 million, or $0.97 per unit, compared to $57.62 million, or $1.00 per unit, prior year.

On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $1.22 for the quarter. Analysts' estimates typically exclude special items.

Revenues were $526.06 million, compared to $490.70 million, prior year. The company said its revenues increased primarily due to higher retail selling prices associated with higher wholesale product costs, and to a lesser extent, an increase in retail propane volumes sold. Analysts expected revenue of $587.36 million for the quarter.