secwatch.observer — SEC 8-K summary
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Issuer:     SUBURBAN PROPANE PARTNERS LP (SPH)
CIK:        0001005210
Form:       8-K
Filed at:   2024-02-08T23:59:59+00:00
Accession:  0000950170-24-012537
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Suburban Propane Q1 net income drops 46% to $24.5M on warm weather; volumes down 2%
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- Net income $24.5M ($0.38/unit) vs $45.4M ($0.71/unit) a year ago; Adjusted EBITDA $75.2M vs $90.0M.
- Propane volumes slipped 2.0% to 106.5M gallons; December temperatures 10% warmer than normal.
- Total gross margin $212.8M, down $2.0M including $10.8M unrealized derivative loss.
- Combined operating & G&A expenses rose 6.4% to $147.6M, partly from RNG facility costs.
- Quarterly distribution unchanged at $0.325/unit, payable Feb 13, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1005210/000095017024012537/0000950170-24-012537-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1005210/000095017024012537/sph-20240208.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-012537

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