---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-038543"
form_type: "8-K"
ticker: "SPH"
cik: "0001005210"
company_name: "SUBURBAN PROPANE PARTNERS LP"
filed_at: "2026-02-05T23:59:59+00:00"
generated_at: "2026-05-16T04:14:28.813684+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Suburban Propane Q1 net income $45.8M ($0.69/unit), up from $19.4M; Adj. EBITDA +10.8% to $83.4M

## Summary
- Q1 volumes sold up 4.2% to 110.2M gallons on colder East temperatures; gross margin +15.9% to $239.5M.
- Refinanced $350M 5.875% senior notes due 2027 with new 6.50% notes due 2035, extending maturities 3 years.
- Acquired two propane businesses in California for $24M; RNG facility commissioning started in Upstate NY.
- Quarterly distribution declared $0.325/unit ($1.30 annualized), payable Feb 10, 2026.
- Consolidated Leverage Ratio improved to 4.57x from 4.99x YoY.

## SEC filing metadata
- accession: 0001193125-26-038543
- form_type: 8-K
- ticker: SPH
- cik: 0001005210
- company_name: SUBURBAN PROPANE PARTNERS LP
- filed_at: 2026-02-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1005210/000119312526038543/0001193125-26-038543-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1005210/000119312526038543/sph-20260205.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-038543
- JSON: https://secwatch.observer/filing/0001193125-26-038543.json
- Plain text: https://secwatch.observer/filing/0001193125-26-038543.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.