SEC Filing Summary: Suburban Propane Partners, L.P. (SPH)
Business Context and Reporting Period
This Form 8-K, dated August 7, 2025, reports the Fiscal 2025 Third 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 as a current report to disseminate the press release detailing these quarterly results.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. It references the following non-GAAP measures defined in the attached press release (Exhibit 99.1):
- EBITDA: Net income before interest, taxes, depreciation, and amortization.
- Adjusted EBITDA: EBITDA excluding unrealized net gains/losses from derivative mark-to-market 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 regarding material changes versus the prior comparable period. It notes that profitability in the registrant's business is largely dependent on the difference between retail sales prices and product costs.
Guidance, Outlook, and Management Commentary
Management commentary focuses on the utility of non-GAAP measures for evaluating operating performance and understanding the impact of commodity prices on profitability. The filing does not include specific forward-looking guidance, risk factors, or contingencies within the text provided; these details are contained in the referenced press release (Exhibit 99.1).
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific Fiscal 2025 Third Quarter revenue and earnings figures.
- Verify the reconciliation of GAAP net income to EBITDA and Adjusted EBITDA.
- Assess the impact of commodity price fluctuations on reported gross margins.
- Examine the details of derivative instrument mark-to-market adjustments affecting Adjusted EBITDA.