• Reported GAAP EPS of $2.07 down -1.90% YoY • Reported revenue of $551.21M down -6.20% YoY • Suburban Propane expects new anaerobic digester and gas upgrading facilities to add approximately 200,000 MMBtu per annum to its RNG platform, with eligibility for D3 RNG PTCs.
Bullish
Suburban Propane achieved a 3.4% H1 Adjusted EBITDA increase, improved RNG injection from facility uptime, and reduced total debt by over $64.0 million.
Bearish
Suburban Propane experienced varied weather impacts and a 23.1% decline in average propane prices, contributing to a gross margin decrease, alongside risks from global instability.