Suburban Propane (SPH) Q1 2026 Earnings Transcript

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Thursday, February 5, 2026 astatine 9 a.m. ET

• President and Chief Executive Officer — Michael A. Stivala

• Chief Financial Officer — Michael A. Kuglin

• Vice President and Treasurer — Davin D'Ambrosio

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This morning, we volition reappraisal our archetypal 4th fiscal results on with our existent outlook for the business. Once we person concluded our prepared remarks, we volition unfastened the league to questions. Our league telephone contains forward-looking statements wrong the meaning of 21E of the Securities Exchange Act of 1934, arsenic amended, relating to the partnership's aboriginal concern expectations and predictions and fiscal information and results of operations. These forward-looking statements impact definite risks and uncertainties. We person listed immoderate of the important factors that could origin existent results to disagree materially from those discussed successful specified forward-looking statements, which are referred to arsenic cautionary statements successful our net property release, which tin beryllium viewed connected our website astatine suburbanpropane.com.

All consequent written oral forward-looking statements attributable to the concern oregon persons acting connected behalf of the concern are expressly qualified successful their entirety by specified cautionary statements. Our yearly study connected Form 10-Ks for the fiscal twelvemonth ended September 27, 2025, and Form 10-Q for the play ended December 27, 2025, which volition beryllium filed by the extremity of concern today, incorporate further disclosures regarding forward-looking statements and hazard factors. Copies whitethorn beryllium obtained by contacting the concern with the SEC. Certain non-GAAP measures volition beryllium discussed connected this call.

We person provided a statement of those measures, arsenic good arsenic a treatment of wherefore we judge this accusation to beryllium useful, successful our Form 8-K, which was furnished to the SEC this morning. The Form 8-Ks volition beryllium disposable done a nexus successful the Investor Relations conception of our website. At this point, I volition crook the telephone implicit to Michael A. Stivala for immoderate opening remarks. Mike?

Michael A. Stivala: Thanks, Davin, and bully morning. I apologize for the disorder from the operator. You are listening to the Suburban Propane Partners, L.P. archetypal 4th net league call. So acknowledgment for joining america today. The fiscal 2026 heating play is disconnected to a large commencement with a surge of colder upwind successful our Northeast, Mid-Atlantic, and Midwest operating territories during November, and much importantly, December 2025, that drove heat-related request which much than offset warmer mean temperatures successful the West and incremental volumes successful the anterior twelvemonth archetypal 4th resulting from Hurricanes Saline and Milton. Our operating unit person already endured immoderate important challenges with harsh upwind conditions that person persisted into the fiscal 2nd quarter.