{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-279017","form_type":"8-K","ticker":"SPH","cik":"0001005210","company_name":"SUBURBAN PROPANE PARTNERS LP","filed_at":"2025-11-13T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.486472+00:00","generated_at":"2026-05-16T20:05:35.954797+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Suburban Propane FY2025 net income $106.6M ($1.64/unit); Adjusted EBITDA up 11.2% to $278M","bullets":["Net income $106.6M ($1.64/unit) vs $74.2M ($1.15/unit) prior year; Q4 net loss $35.1M ($0.53/unit) vs $44.6M loss prior year.","Adjusted EBITDA $278M (+11.2%); retail propane gallons sold 400.5M (+5.9%).","Acquired propane businesses in NM/AZ for ~$53M; post-year-end CA acquisitions for $24M.","Leverage ratio improved to 4.29x from 4.76x; quarterly distribution $0.325/unit ($1.30 annualized).","Launched ATM equity program raising $23.5M net proceeds from 1.3M units; RNG expansion continues."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-279017","json":"https://secwatch.observer/filing/0001193125-25-279017.json","markdown":"https://secwatch.observer/filing/0001193125-25-279017.md","text":"https://secwatch.observer/filing/0001193125-25-279017.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1005210/000119312525279017/0001193125-25-279017-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1005210/000119312525279017/sph-20251113.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T20:05:35.954797+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}