{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-061537","form_type":"8-K","ticker":"SPH","cik":"0001005210","company_name":"SUBURBAN PROPANE PARTNERS LP","filed_at":"2023-11-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.808002+00:00","generated_at":"2026-06-08T05:59:48.736292+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Suburban Propane FY2023 net income falls to $1.94/unit; RNG capacity targets 850K MMBtus/year","bullets":["Net income $123.8M ($1.94/unit) vs $139.7M ($2.21/unit) in FY2022; Adjusted EBITDA $275M vs $291M.","Retail propane gallons down 1.2% to 396.4M; weather 8% warmer than normal with near-record warmth in Jan-Feb.","Gross margins $839M, up 6.3% YoY; ex mark-to-market up 3.1% on higher unit margins and RNG contribution.","Closed $190M RNG asset acquisition from Equilibrium in Dec 2022; run-rate capacity ~850K MMBtus/year expected by FY2025.","Quarterly distribution $0.325/unit declared, unchanged annualized $1.30/unit; leverage ratio 4.28x."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-061537","json":"https://secwatch.observer/filing/0000950170-23-061537.json","markdown":"https://secwatch.observer/filing/0000950170-23-061537.md","text":"https://secwatch.observer/filing/0000950170-23-061537.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1005210/000095017023061537/0000950170-23-061537-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1005210/000095017023061537/sph-20231109.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T05:59:48.736292+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":"99915e9360a8fc4eeeaa6773f9ff3156de4156d1","claim":"SUBURBAN PROPANE PARTNERS LP reported Fiscal 2023 Full Year and Fourth Quarter results: net income $123.8 million, EPS $1.94 per Common Unit.","evidence_excerpt":"Net income for fiscal 2023 was $123.8 million, or $1.94 per Common Unit, compared to $139.7 million, or $2.21 per Common Unit, in fiscal 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1005210/000095017023061537/0000950170-23-061537-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Fiscal 2023 Full Year and Fourth Quarter"},{"label":"Net income","value":"$123.8 million"},{"label":"EPS","value":"$1.94 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"}