Company: SPH
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0000950170-25-015135
Chunk: 2

Company: SUBURBAN PROPANE PARTNERS LP
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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    $
    24,454

    Net income per Common Unit - basic
     
    $
    0.30

    $
    0.38

    Weighted average number of Common Units outstanding - basic

    64,497

    64,064

    Net income per Common Unit - diluted
     
    $
    0.30

    $
    0.38

    Weighted average number of Common Units outstanding - diluted

    64,756

    64,381

The accompanying notes are an integral part of these condensed consolidated financial statements.

 2

Table of Contents

SUBURBAN PROPANE PARTNERS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(in thousands)

(unaudited)

    Three Months Ended

    December 28,

    December 30,

    2024

    2023

    Net income
     
    $
    19,420

    $
    24,454

    Other comprehensive (loss) income:

    Amortization of net actuarial (gains) losses and prior service   credits into earnings

    (116
    )

    169

    Other comprehensive (loss) income

    (116
    )

    169

    Total comprehensive income
     
    $
    19,304

    $
    24,623

The accompanying notes are an integral part of these condensed consolidated financial statements.

 3

SUBURBAN PROPANE PARTNERS, L.P. AND SUBSIDIARIES 

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

(unaudited)

    Three Months Ended

    December 28,

    December 30,

    2024

    2023

    Cash flows from operating activities:

    Net income
     
    $
    19,420

    $
    24,454

    Adjustments to reconcile net income to net cash provided by (used in) operations:

    Depreciation and amortization

    17,099

    16,393

    Equity in losses and impairment charges for investments in unconsolidated affiliates

    22,241

    5,158

    Compensation costs recognized under Restricted Unit Plan

    2,379

    2,645

    Other, net