Suburban Propane Partners Q2 Profit Rises - Quick Facts

(RTTNews) - Suburban Propane Partners, L.P. (SPH), a company engaged in retail marketing and distribution of propane, fuel oil, and refined fuels, Thursday reported an increase in second-quarter earnings chiefly as higher propane selling prices and volumes helped revenue rise.

For the 3-month period, net earnings rose to $149.55 million or $2.46 per share, from $129.48 million or $2.25 per share a year earlier.

On average, 9 analysts polled by Thomson-Reuters estimated the company's earnings to be $2.24 for the quarter. Analysts' estimates typically exclude one-time items.

Adjusted EBITDA was $206.27 million for the second quarter, compared with $190.67 million a year ago.

Revenues advanced to $873.77 million from $678.43 million in the corresponding period last year.