Suburban Propane Partners Files 8-K on Financials

TL;DR

Suburban Propane Partners dropped an 8-K on Nov 14th covering financial results. Check it out.

AI Summary

Suburban Propane Partners, L.P. filed an 8-K on November 14, 2024, reporting on its results of operations and financial condition. The filing includes financial statements and exhibits, with the report being as of November 14, 2024.

Why It Matters

This filing provides crucial updates on Suburban Propane Partners' financial performance and operational status, which is important for investors and stakeholders to assess the company's health.

Risk Assessment

Risk Level: low — This is a routine financial filing and does not indicate any immediate or significant risks.

Key Players & Entities

• Suburban Propane Partners, L.P. (company) — Registrant
• November 14, 2024 (date) — Date of Report
• 0000950170-24-126740 (filing_id) — Accession Number

FAQ

Filing Documents

• sph-20241114.htm (8-K) — 43KB
• sph-ex99_1.htm (EX-99.1) — 274KB
• img179060442_0.jpg (GRAPHIC) — 4KB
• 0000950170-24-126740.txt ( ) — 457KB
• sph-20241114.xsd (EX-101.SCH) — 30KB
• sph-20241114_htm.xml (XML) — 4KB

02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION

ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION The following information, including Exhibit 99.1 attached hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. On November 14, 2024, the Partnership issued a press release (the "Press Release") describing its Fiscal 2024 Full Year and Fourth Quarter Financial Results. A copy of the Press Release has been furnished as Exhibit 99.1 to this Current Report. Within the Press Release, we reference net income before deducting interest expense, income taxes, depreciation and amortization ("EBITDA") which is considered a non-GAAP financial measure. Additionally, we discuss EBITDA excluding the unrealized net gain or loss from mark-to-market activity for derivative instruments and certain other items ("Adjusted EBITDA"). Our calculations of EBITDA and Adjusted EBITDA are presented in the Press Release furnished as Exhibit 99.1 to this Current Report. We provide these non-GAAP financial measures because we believe that they provide the investment community with supplemental measures of operating performance. In addition, we believe that these non-GAAP financial measures provide useful information to investors and industry analysts to evaluate our operating results. We also reference gross margins, computed as revenues less cost of products sold as those amounts are reported on the consolidated financial statements. Since cost of products sold does not include depreciation and amortization expense, the gross margin we reference is considered a non-GAAP financial measure. Given the nature of our business, the level of profitability in the retail propane, fuel oil, and natural gas and electricity businesses is largely dependent on the difference

01. FINANCIAL STATEMENTS AND EXHIBITS

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits. 99.1 Press Release of Suburban Propane Partners, L.P. dated November 14, 2024, describing the Fiscal 2024 Full Year and Fourth Quarter Financial Results. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. November 14, 2024 SUBURBAN PROPANE PARTNERS, L.P. By: /s/ MICHAEL A. KUGLIN Name: Michael A. Kuglin Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR