SEC Filing Summary: Suburban Propane Partners, L.P.
Business Context and Reporting Period
This Form 8-K Current Report, dated May 8, 2025, announces the Fiscal 2025 Second Quarter financial results for Suburban Propane Partners, L.P. The company operates in the retail propane, fuel oil, natural gas, and electricity sectors. The filing serves to disseminate a press release (Exhibit 99.1) detailing these results.
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) for detailed figures. The report highlights the use of the following non-GAAP financial measures to evaluate performance:
- 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 regarding material changes in financial metrics compared to the prior comparable period. Investors must refer to the attached press release for comparative analysis.
Guidance, Outlook, and Management Commentary
Management commentary within the filing emphasizes that profitability in the company's core businesses is largely dependent on the spread between retail sales prices and product costs. Consequently, the company utilizes gross margin metrics to help investors understand the impact of commodity price fluctuations on profitability. No specific forward-looking guidance or risk contingencies are detailed in the text of this 8-K form.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific Fiscal 2025 Q2 revenue, EBITDA, and Adjusted EBITDA figures.
- Verify the specific gross margin percentages and the impact of commodity pricing on the quarter's results.
- Examine the reconciliation of GAAP net income to non-GAAP EBITDA and Adjusted EBITDA in the press release.
- Check for any updates on derivative instrument mark-to-market activity affecting Adjusted EBITDA.