---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-056290"
form_type: "8-K"
ticker: "SPH"
cik: "0001005210"
company_name: "SUBURBAN PROPANE PARTNERS LP"
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T04:38:34.668629+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Suburban Propane Q2 net income up 6.7% to $111.5M; volumes down 2.7% on warm weather

## Summary
- Net income per unit $1.73; Adjusted EBITDA $147M vs $149M year ago.
- Retail propane gallons sold 140.2M gallons, down 2.7% due to warm winter.
- Total gross margin $308.0M, up 4.4% excluding mark-to-market gain.
- Repaid $32.3M debt; leverage ratio improved to 4.61x.
- Quarterly distribution $0.325/unit; RNG facility progress, two projects expected completion H2 2025.

## SEC filing metadata
- accession: 0000950170-24-056290
- form_type: 8-K
- ticker: SPH
- cik: 0001005210
- company_name: SUBURBAN PROPANE PARTNERS LP
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1005210/000095017024056290/0000950170-24-056290-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1005210/000095017024056290/sph-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-056290
- JSON: https://secwatch.observer/filing/0000950170-24-056290.json
- Plain text: https://secwatch.observer/filing/0000950170-24-056290.txt

## Key facts
- Earnings Releases
  SUBURBAN PROPANE PARTNERS LP reported second quarter ended March 30, 2024 results: net income $111.5 million, EPS $1.73 per Common Unit.
  - Period: second quarter ended March 30, 2024
  - Net income: $111.5 million
  - EPS: $1.73 per Common Unit
  - Result: reported results
  source text: Net income for the second quarter of fiscal 2024 was $111.5 million, or $1.73 per Common Unit
  evidence_url: https://www.sec.gov/Archives/edgar/data/1005210/000095017024056290/0000950170-24-056290-index.htm

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