secwatch.observer — SEC 8-K summary
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Issuer:     SUBURBAN PROPANE PARTNERS LP (SPH)
CIK:        0001005210
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0000950170-24-056290
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1005210/000095017024056290/0000950170-24-056290-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1005210/000095017024056290/sph-20240509.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-056290

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