Company: SPH
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0000950170-25-015135
Chunk: 34

Company: SUBURBAN PROPANE PARTNERS LP
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 fuel oil, diesel, kerosene and gasoline to residential and commercial customers for use primarily as a source of heat in homes and buildings.The natural gas and electricity segment is engaged in the marketing of natural gas and electricity to residential and commercial customers in the deregulated energy markets of New York and Pennsylvania.  Under this operating segment, the Partnership owns the relationship with the end consumer and has agreements with the local distribution companies to deliver the natural gas or electricity from the Partnership’s suppliers to the customer.Activities in the “all other” category include the Partnership’s service business, which is primarily engaged in the sale, installation and servicing of a wide variety of home comfort equipment, particularly in the areas of heating and ventilation.  In addition, the Partnership’s platform of RNG businesses and the equity investment in IH are included within “all other.”

 21

The following table presents certain data by reportable segment and provides a reconciliation of total operating segment information to the corresponding condensed consolidated amounts for the periods presented: 

        Three Months Ended

        December 28,

        December 30,

        2024

        2023

        Revenues:

        Propane
         
        $
        330,283

        $
        313,358

        Fuel oil and refined fuels

        17,661

        23,898

        Natural gas and electricity

        6,053

        6,493

        All other

        19,332

        22,085

        Total revenues
         
        $
        373,329

        $
        365,834

        Operating income (loss):

        Propane
         
        $
        100,870

        $
        87,176

        Fuel oil and refined fuels

        1,396

        2,172

        Natural gas and electricity

        2,065

        1,568

        All other

        (9,238
        )

        (7,181
        )

        Corporate

        (36,031
        )

        (34,987
        )

        Total operating income

        59,062

        48,748

        Reconciliation to net income:

        Interest expense, net

        19,612

        18,192

        Other, net

        19,467

        5,853

        Provision for income taxes

        563

        249

        Net income
         
        $