SEC Filing Summary: Suburban Propane Partners, L.P.
Business Context and Reporting Period
This Form 8-K, dated February 6, 2025, reports the Fiscal 2025 First Quarter financial results for Suburban Propane Partners, L.P. The filing serves as a current report to disseminate a press release (Exhibit 99.1) detailing the company's operational performance for the quarter.
Key Financial Metrics
The filing text itself does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. It references the attached press release (Exhibit 99.1) as the source for these figures. The company highlights the following non-GAAP measures in the referenced materials:
- EBITDA: Net income before interest, taxes, depreciation, and amortization.
- Adjusted EBITDA: EBITDA excluding unrealized net gains/losses from mark-to-market derivative activity and certain other items.
- Gross Margins: Calculated as revenues less cost of products sold (excluding depreciation and amortization).
Material Changes
The filing text does not contain specific data points to compare against the prior comparable period. It notes that profitability in the retail propane, fuel oil, and natural gas businesses is largely dependent on the spread between retail sales prices and product costs.
Guidance, Outlook, and Risks
Management commentary within the filing emphasizes the utility of non-GAAP measures for evaluating operating performance and understanding the impact of commodity prices on profitability. No specific forward-looking guidance, risk factors, or contingencies are detailed in the text of this 8-K form; these are contained within the referenced press release.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific Fiscal 2025 Q1 revenue and earnings figures.
- Verify the reconciliation of GAAP net income to EBITDA and Adjusted EBITDA in the press release.
- Assess the impact of commodity price fluctuations on the reported gross margins.
- Confirm the details of unrealized gains or losses from derivative instruments affecting Adjusted EBITDA.