secwatch.observer — SEC 8-K summary
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Issuer:     SUBURBAN PROPANE PARTNERS LP (SPH)
CIK:        0001005210
Form:       8-K
Filed at:   2024-11-14T23:59:59+00:00
Accession:  0000950170-24-126740
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1005210/000095017024126740/0000950170-24-126740-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1005210/000095017024126740/sph-20241114.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-126740

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