SEC Filing Summary: Suburban Propane Partners, L.P. (SPH)
Business Context and Reporting Period
This Form 8-K, dated May 7, 2026, reports the Fiscal 2026 Second Quarter financial results for Suburban Propane Partners, L.P. The registrant operates in the retail propane, fuel oil, natural gas, and electricity sectors. The filing serves to disseminate a press release (Exhibit 99.1) containing detailed operational and financial data.
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 document defines the following non-GAAP measures used in the report:
- 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: Revenues less cost of products sold (excluding depreciation and amortization).
Material Changes
The filing text does not disclose specific material changes or comparative figures versus the prior period. It notes that profitability in the registrant's business is largely dependent on the spread between retail sales prices and product costs, implying that commodity price fluctuations are a primary driver of performance.
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. No specific forward-looking guidance, risk factors, or contingencies are detailed in the text of this 8-K; such information is referenced as being available in the attached Press Release.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific Q2 2026 revenue, EBITDA, and Adjusted EBITDA figures.
- Verify the specific gross margin percentages and the impact of commodity price spreads on profitability.
- Examine the reconciliation of GAAP net income to non-GAAP Adjusted EBITDA to understand the magnitude of derivative mark-to-market adjustments.
- Check for any updated full-year guidance or operational outlook provided in the press release.