secwatch.observer — SEC 8-K summary
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Issuer:     SUBURBAN PROPANE PARTNERS LP (SPH)
CIK:        0001005210
Form:       8-K
Filed at:   2025-11-13T23:59:59+00:00
Accession:  0001193125-25-279017
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Suburban Propane FY2025 net income $106.6M ($1.64/unit); Adjusted EBITDA up 11.2% to $278M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1005210/000119312525279017/0001193125-25-279017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1005210/000119312525279017/sph-20251113.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-279017

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