secwatch.observer — SEC 8-K summary
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Issuer:     SUBURBAN PROPANE PARTNERS LP (SPH)
CIK:        0001005210
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0000950170-25-066399
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Suburban Propane Q2 net income $137.1M ($2.11/unit) vs $111.5M; Adj. EBITDA up 19% to $175M
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- Net income $137.1M ($2.11/unit) vs $111.5M ($1.73/unit) YoY; Adj. EBITDA $175M, +19.1%.
- Retail propane gallons sold 162M, up 15.5% from prior year due to cold weather in Jan-Feb.
- Total gross margin $345.3M, up 12.1% ($42.5M ex mark-to-market, +14.1%).
- Quarterly distribution $0.325/unit ($1.30 annualized); leverage ratio improved to 4.54x.
- Launched ATM equity program for up to $100M; raised $8.8M in Q2 to repay debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1005210/000095017025066399/0000950170-25-066399-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1005210/000095017025066399/sph-20250508.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-066399

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer