secwatch.observer — SEC 8-K summary
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Issuer:     SUBURBAN PROPANE PARTNERS LP (SPH)
CIK:        0001005210
Form:       8-K
Filed at:   2026-02-05T23:59:59+00:00
Accession:  0001193125-26-038543
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1005210/000119312526038543/0001193125-26-038543-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1005210/000119312526038543/sph-20260205.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-038543

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