The energy distributor reported $2.06 GAAP EPS, exceeding expectations by $0.09, while revenue missed by $23.79M.
Suburban Propane Partners posted a GAAP EPS of $2.06 for the quarter, beating estimates by $0.09. The result reflects stronger-than-expected profitability amid cost management efforts.
Revenue reached $551.21M, missing forecasts by $23.79M. The shortfall follows softer demand in key markets compared to the same period last year.
Shares showed muted reaction in after-hours trading as investors weighed the earnings beat against the revenue miss.