secwatch.observer — SEC 8-K summary
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Issuer:     SUBURBAN PROPANE PARTNERS LP (SPH)
CIK:        0001005210
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0000950170-22-024174
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1005210/000095017022024174/0000950170-22-024174-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1005210/000095017022024174/sph-20221110.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-024174

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer