---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-126740"
form_type: "8-K"
ticker: "SPH"
cik: "0001005210"
company_name: "SUBURBAN PROPANE PARTNERS LP"
filed_at: "2024-11-14T23:59:59+00:00"
generated_at: "2026-05-30T00:11:07.170267+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Suburban Propane FY2024 net income $74.2M, down 40% YoY; Q4 net loss $44.6M

## Summary
- Net income $74.2M ($1.15/unit) vs $123.8M ($1.94/unit) in FY2023; Adjusted EBITDA $250.0M (down from $275.0M).
- Retail propane gallons sold 378.3M, down 4.6% YoY; heating degree days 10% warmer than normal.
- Total gross margins $805.0M, down 4.1% YoY; propane unit margins up $0.02/gal.
- Post-year-end acquisition of a New Mexico/Arizona propane business for $53.0M.
- Quarterly distribution maintained at $0.325/unit ($1.30 annualized); paid Nov 12, 2024.

## SEC filing metadata
- accession: 0000950170-24-126740
- form_type: 8-K
- ticker: SPH
- cik: 0001005210
- company_name: SUBURBAN PROPANE PARTNERS LP
- filed_at: 2024-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1005210/000095017024126740/0000950170-24-126740-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1005210/000095017024126740/sph-20241114.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-126740
- JSON: https://secwatch.observer/filing/0000950170-24-126740.json
- Plain text: https://secwatch.observer/filing/0000950170-24-126740.txt

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