SEC Filing Summary: Suburban Propane Partners, L.P.
Business Context and Reporting Period
This Form 8-K, dated August 4, 2005, reports the Fiscal 2005 Third Quarter financial results for Suburban Propane Partners, L.P. The filing serves to disseminate a press release (Exhibit 99.1) detailing the company's operational performance for the period.
Key Financial Metrics
The filing text itself does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These figures are contained within the attached press release (Exhibit 99.1). The company highlights the use of EBITDA (Earnings Before Interest, Loss on Debt Extinguishment, Taxes, Depreciation, and Amortization) as a non-GAAP measure to assist investors in assessing liquidity, comparing cash flows, and evaluating debt service capabilities.
Material Changes and Comparisons
The filing does not explicitly state material changes versus the prior comparable period within the main text. It references the attached press release for the reconciliation of EBITDA to cash flow provided by operating activities and for year-over-year comparisons.
Guidance, Outlook, and Risks
Management commentary focuses on the utility of EBITDA for evaluating the ability to meet debt service obligations and pay quarterly distributions. The filing notes that the company's revolving credit agreement requires the use of EBITDA for calculating leverage and interest coverage ratios. No specific forward-looking guidance, risks, or contingencies are detailed in the body of this 8-K form.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific revenue, net income, and cash flow figures for the Fiscal 2005 Third Quarter.
- Verify the reconciliation of EBITDA to GAAP cash flow provided in the press release.
- Confirm the company's leverage and interest coverage ratios as calculated under their revolving credit agreement.
- Check for any specific commentary on propane pricing or weather impacts in the full press release text.