{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-017478","form_type":"8-K","ticker":"SPH","cik":"0001005210","company_name":"SUBURBAN PROPANE PARTNERS LP","filed_at":"2023-05-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.546809+00:00","generated_at":"2026-06-15T19:09:41.914154+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Q2 net income drops 40% to $104.5M; RNG platform acquired for $190M","bullets":["Net income $104.5M ($1.63/unit) vs $175.1M ($2.77/unit) in prior year; adjusted EBITDA $149.0M vs $172.5M.","Retail propane gallons down 9.4% to 144.1M; temperatures 12% warmer than normal driving lower demand.","Acquired RNG assets from Equilibrium Capital for $190M, including facilities in AZ and OH and $155M JV.","Consolidated leverage ratio increased to 4.43x; quarterly distribution maintained at $0.325/unit ($1.30 annualized).","Operating expenses up 7.1% due to payroll, vehicle fuel, and acquisition costs; gross margin down 5.3% ex-MTM."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-017478","json":"https://secwatch.observer/filing/0000950170-23-017478.json","markdown":"https://secwatch.observer/filing/0000950170-23-017478.md","text":"https://secwatch.observer/filing/0000950170-23-017478.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1005210/000095017023017478/0000950170-23-017478-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1005210/000095017023017478/sph-20230504.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T19:09:41.914154+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5faa0feddc0e01a05a111a5a0e2a1089da2b623b","claim":"SUBURBAN PROPANE PARTNERS LP reported second quarter ended March 25, 2023 results: net income $104.5 million, EPS $1.63 per Common Unit.","evidence_excerpt":"Net income for the second quarter of fiscal 2023 was $104.5 million, or $1.63 per Common Unit, compared to $175.1 million, or $2.77 per Common Unit, in the fiscal 2022 second quarter.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1005210/000095017023017478/0000950170-23-017478-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter ended March 25, 2023"},{"label":"Net income","value":"$104.5 million"},{"label":"EPS","value":"$1.63 per Common Unit"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}