SUBURBAN PROPANE PARTNERS LP

Listed Company

SPHCIK 0001005210NYSELarge AcceleratedRetail-Miscellaneous RetailDelawareFY ends Sep 26

Period

FY 2025

Revenue

$1.43B

Net Income

$106.57M

Total Assets

$2.30B

Equity

—

Shares Out

66.34M

Op. Cash Flow

$186.26M

SPH$17.58−3.88% · past yearDBEQ Basic

Daily closing prices

Business

Suburban Propane Partners, L.P. is a nationwide marketer and distributor of propane, renewable propane, fuel oil, refined fuels, natural gas, and electricity, serving approximately 1.0 million customers through approximately 750 locations in 42 states. The company operates propane distribution, fuel oil and refined fuels marketing, natural gas and electricity marketing in deregulated markets, and renewable energy production including anaerobic digesters and investments in hydrogen and renewable dimethyl ether technologies.

Summary from 10-K filed 2025-11-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Total Revenues	1,433	1,327	1,429	1,501	1,289
Cost of products sold	564	522	590	712	485
Operating	494	477	478	442	411
General and administrative	96	90	92	82	74
Depreciation and amortization	72	67	63	59	105
Total Expenses	1,226	1,156	1,222	1,295	1,076
Operating income	206	171	207	206	213
Loss on debt extinguishment	0	215,000	0	0	16
Interest expense, net	76	75	73	61	68
Other, net	22	22	9	6	5
Income before provision for income taxes	108	75	124	140	124
Provision for income taxes	1	734,000	668,000	429,000	1
Net income	107	74	124	140	123
Net income per Common Unit - basic	1.64	1.15	1.94	2.21	1.96
Weighted average number of Common Units outstanding - basic	65	64	64	63	63
Net income per Common Unit - diluted	1.62	1.14	1.92	2.18	1.94
Weighted average number of Common Units outstanding - diluted	66	65	64	64	63

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Cash and cash equivalents	405,000	3	4	4	6
Accounts receivable, less allowance for doubtful accounts of $5,107 and $4,707, respectively	69	66	68	79	71
Inventories	74	55	62	67	62
Other current assets	23	32	31	25	41
Total current assets	166	158	164	175	180
Property, plant and equipment, net	691	654	646	564	569
Operating lease right-of-use assets	119	140	143	137	130
Goodwill	1,158	1,151	1,149	1,113	1,107
Other intangible assets, net	85	75	81	40	39
Other assets	77	95	88	75	26
Total assets	2,296	2,273	2,270	2,104	2,052
Accounts payable	45	41	40	35	39
Accrued employment and benefit costs	47	40	45	43	41
Accrued insurance	10	13	12	10	17
Customer deposits and advances	122	127	127	128	112
Operating lease liabilities	34	36	34	32	31
Accrued interest	16	16	17	12	13
Other current liabilities	28	34	33	46	35
Total current liabilities	303	306	308	307	287
Long-term borrowings	1,212	1,210	1,188	1,077	1,118
Accrued insurance	46	46	50	54	49
Operating lease liabilities	84	104	108	104	99
Other liabilities	53	60	70	65	73
Total liabilities	1,698	1,726	1,724	1,606	1,626
Commitments and contingencies	—	—	—	—	—
Common Unitholders (65,845 and 64,072 units issued and outstanding at September 27, 2025 and September 28, 2024, respectively)	604	553	557	510	443
Accumulated other comprehensive loss	−5	−6	−11	−13	−18
Total partners' capital	599	547	546	498	425
Total liabilities and partners' capital	2,296	2,273	2,270	2,104	2,052

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Equity in losses and impairment charges for investments in unconsolidated affiliates	30	18	6	3	—
Compensation costs recognized under Restricted Unit Plans	8	8	8	11	10
Pension settlement charge	528,000	638,000	0	840,000	958,000
Other, net	4	4	2	357,000	3
Accounts receivable	−4	1	15	−7	−16
Inventories	−14	7	5	−5	−15
Other current and noncurrent assets	19	−3	6	−5	−40
Accounts payable	939,000	1	−206,000	−4	7
Accrued employment and benefit costs	6	−5	2	2	6
Accrued insurance	−1	−3	−3	−2	−7
Customer deposits and advances	−5	−741,000	−281,000	16	7
Contributions to defined benefit pension plan	−4	−4	−4	−3	−6
Other current and noncurrent liabilities	−32	−5	2	16	33
Net cash provided by operating activities	186	161	225	221	227
Capital expenditures	−72	−59	−45	−44	−30
Investments in and acquisitions of businesses	−59	−25	−130	−56	−9
Proceeds from sale of property, plant and equipment	3	3	4	5	4
Net cash (used in) investing activities	−128	−82	−171	−94	−34
Proceeds from borrowings under revolving credit facility	459	626	526	387	447
Repayments of borrowings under revolving credit facility	−461	−607	−483	−429	−410
Issuance costs associated with long-term borrowings	0	−4	0	0	−11
Proceeds from the issuance of Common Units under an at-the-market equity program, net of commissions and offering costs	23	0	0	—	—
Partnership distributions	−84	−83	−82	−82	−76
Other, net	−4	−5	−5	−4	−4
Net cash (used in) financing activities	−67	−73	−45	−128	−190
Net (decrease) increase in cash, cash equivalents and restricted cash	−9	6	10	−2	3
Cash paid for interest	74	74	68	59	65

Filings

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Frequently asked questions

What is SUBURBAN PROPANE PARTNERS LP's CIK number?

SUBURBAN PROPANE PARTNERS LP's SEC CIK number is 0001005210 (1005210). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find SUBURBAN PROPANE PARTNERS LP's SEC filings?

All of SUBURBAN PROPANE PARTNERS LP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did SUBURBAN PROPANE PARTNERS LP last report earnings?

SUBURBAN PROPANE PARTNERS LP (SPH) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-210425). This is SUBURBAN PROPANE PARTNERS LP's most recent earnings filing of record — not a forecast of its next earnings date.

What is SUBURBAN PROPANE PARTNERS LP's most recent earnings 8-K?

SUBURBAN PROPANE PARTNERS LP's latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001193125-26-210425. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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