---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-001641"
form_type: "8-K"
ticker: "SPH"
cik: "0001005210"
company_name: "SUBURBAN PROPANE PARTNERS LP"
filed_at: "2023-02-02T23:59:59+00:00"
generated_at: "2026-06-20T01:39:05.337707+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Suburban Propane Q1 net income doubles to $45.4M; acquires RNG facilities for $190M

## Summary
- Net income $45.4M ($0.71/unit) vs $21.3M ($0.34) prior year; Adj. EBITDA $90.0M, up 4.1%.
- Retail propane gallons sold 108.8M, up 3.3% YoY; unit margins increased $0.06/gal excluding mark-to-market.
- Acquired two operating RNG facilities from Equilibrium for $190M, funded with revolver and assumption of green bonds.
- Formed partnership with Equilibrium to develop additional RNG projects, with $155M in future projects; Suburban owns ~70%.
- Quarterly distribution declared $0.325/unit, payable Feb 7, 2023, unchanged from prior quarter.

## SEC filing metadata
- accession: 0000950170-23-001641
- form_type: 8-K
- ticker: SPH
- cik: 0001005210
- company_name: SUBURBAN PROPANE PARTNERS LP
- filed_at: 2023-02-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1005210/000095017023001641/0000950170-23-001641-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1005210/000095017023001641/sph-20230202.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-001641
- JSON: https://secwatch.observer/filing/0000950170-23-001641.json
- Plain text: https://secwatch.observer/filing/0000950170-23-001641.txt

## Key facts
- Earnings Releases
  SUBURBAN PROPANE PARTNERS LP reported first quarter ended December 24, 2022 results: net income $45.4 million, EPS $0.71 per Common Unit.
  - Period: first quarter ended December 24, 2022
  - Net income: $45.4 million
  - EPS: $0.71 per Common Unit
  - Result: reported results
  source text: Net income for the first quarter of fiscal 2023 improved to $45.4 million, or $0.71 per Common Unit, compared to net income of $21.3 million, or $0.34 per Common Unit, in the fiscal 2022 first quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1005210/000095017023001641/0000950170-23-001641-index.htm

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