---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-024174"
form_type: "8-K"
ticker: "SPH"
cik: "0001005210"
company_name: "SUBURBAN PROPANE PARTNERS LP"
filed_at: "2022-11-10T23:59:59+00:00"
generated_at: "2026-06-21T22:01:26.415446+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Suburban Propane FY2022 net income $139.7M ($2.21/unit); adj. EBITDA up 5.6% to $291.0M

## Summary
- Net income $139.7M ($2.21/unit) vs $122.8M ($1.96/unit) in FY2021.
- Adjusted EBITDA $291.0M, up 5.6% from $275.7M; retail propane gallons 401.3M, down 4.4%.
- Repaid $42.4M debt; leverage ratio improved to 3.60x from 3.96x.
- Strategic investments: 25% stake in Independence Hydrogen ($30M), Propane+rDME facility, RNG agreement, Iwatani collaboration.
- Q4 net loss $54.2M vs $16.4M loss; quarterly distribution $0.325/unit paid Nov 8.

## SEC filing metadata
- accession: 0000950170-22-024174
- form_type: 8-K
- ticker: SPH
- cik: 0001005210
- company_name: SUBURBAN PROPANE PARTNERS LP
- filed_at: 2022-11-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1005210/000095017022024174/0000950170-22-024174-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1005210/000095017022024174/sph-20221110.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-024174
- JSON: https://secwatch.observer/filing/0000950170-22-024174.json
- Plain text: https://secwatch.observer/filing/0000950170-22-024174.txt

## Key facts
- Earnings Releases
  SUBURBAN PROPANE PARTNERS LP reported fourth quarter ended September 24, 2022 results: net income $54.2 million, EPS $0.86 per Common Unit.
  - Period: fourth quarter ended September 24, 2022
  - Net income: $54.2 million
  - EPS: $0.86 per Common Unit
  - Result: reported results
  source text: Net loss for the fourth quarter of fiscal 2022 was $54.2 million, or $0.86 per Common Unit, compared to a net loss of $16.4 million, or $0.26 per Common Unit, in fiscal 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1005210/000095017022024174/0000950170-22-024174-index.htm
- Earnings Releases
  SUBURBAN PROPANE PARTNERS LP reported fiscal year ended September 24, 2022 results: net income $139.7 million, EPS $2.21 per Common Unit.
  - Period: fiscal year ended September 24, 2022
  - Net income: $139.7 million
  - EPS: $2.21 per Common Unit
  - Result: reported results
  source text: Net income for fiscal 2022 was $139.7 million, or $2.21 per Common Unit, compared to $122.8 million, or $1.96 per Common Unit, in fiscal 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1005210/000095017022024174/0000950170-22-024174-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.