secwatch.observer — SEC 8-K summary
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Issuer:     SUBURBAN PROPANE PARTNERS LP (SPH)
CIK:        0001005210
Form:       8-K
Filed at:   2025-02-06T23:59:59+00:00
Accession:  0000950170-25-015009
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Suburban Propane Q1 net income $19.4M ($0.30/unit) down from $24.5M; volumes down 0.8% on warm weather
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- Net income $19.4M ($0.30/unit) vs $24.5M ($0.38) YoY; Adjusted EBITDA flat at $75.3M.
- Retail propane volumes 105.7M gallons (-0.8% YoY) as warm November and lower crop drying offset hurricane demand.
- Total gross margin $226.2M (+6.3%) includes $3.6M unrealized gain; ex-mark-to-market down 0.5%.
- Acquired propane business in NM/AZ for $53M; recorded $19.8M impairment on hydrogen & biofuels investments.
- Quarterly distribution of $0.325/unit declared (annual $1.30), unchanged from prior quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1005210/000095017025015009/0000950170-25-015009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1005210/000095017025015009/sph-20250206.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-015009

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