Company: SPH
Filing Date: 2025-02-12
Form Type: S-3
Source: 0001193125-25-024546
Chunk: 15

Company: SUBURBAN PROPANE PARTNERS LP
Filing Date: 2025-02-12
Form: S-3
Chunk 15
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 current administrative rulings and judicial decisions, all of which are subject to change, possibly with retroactive effect. Changes in these authorities may cause the tax consequences to vary substantially from the
consequences described below. The tax consequences to unitholders will depend in part on their own tax circumstances. We have not sought a ruling from the Internal Revenue Service (the “IRS”) with respect to any of the tax matters
discussed below, and the IRS may take positions contrary to those described below. As a result, no assurance can be given that the IRS will agree with all of the tax characterizations and the tax consequences described below. Unless the context
requires otherwise, references in this section to “us” or “we” are references to Suburban Propane Partners, L.P. and our operating subsidiaries.

This discussion does not discuss all U.S. federal income tax consequences of this offering and the ownership of our common units. This summary
focuses on our unitholders who are individual citizens or residents of the United States and has only limited application to corporations, estates, trusts, nonresident aliens, and tax-exempt unitholders.
Except where specifically indicated, this summary assumes that a unitholder is a “United States person” within the meaning of the Code. This summary does not address all U.S. federal income tax consequences that may apply to unitholders
subject to specialized tax treatment, such as individual retirement accounts (“IRAs”), real estate investment trusts (“REITs”), regulated investment companies (“RICs”), financial institutions, insurance companies,
unitholders that are treated as partnerships for U.S. federal income tax purposes, S corporations, former U.S. citizens and residents of the United States, controlled foreign corporations, passive foreign investment companies, dealers in
securities or currencies, traders in securities that elect to mark-to-market their securities, unitholders who acquired our common units from us in exchange for property
other than cash, affiliates of our general partner, unitholders who hold our common units as part of a hedge, straddle or conversion transaction, unitholders subject to the constructive sale provisions of the Internal Revenue Code, unitholders
required to accelerate the recognition of any item of gross income with respect to our common units as a result of such income being recognized on an applicable financial statement, unitholders subject to alternative minimum tax and U.S. unitholders
with a functional currency other than the U.S. dollar. Also, this discussion assumes that our common units are held as