Company: SPH
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0000950170-25-015135
Chunk: 46

Company: SUBURBAN PROPANE PARTNERS LP
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 1
Chunk 46
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 and benefits of field and direct operating support personnel, costs of operating and maintaining our vehicle fleet, overhead and other costs of our purchasing, training and safety departments and other direct and indirect costs of operating our customer service centers and RNG production facilities.

Operating expenses of $123.2 million for the first quarter of fiscal 2025 increased $1.1 million, or 0.9%, compared to the prior year first quarter, primarily due to higher payroll and benefit-related costs, offset to an extent by lower fleet vehicle fuel costs.

General and Administrative Expenses

    (Dollars in thousands)
     
    Three Months Ended

    December 28,

    December 30,

    Percent

    2024

    2023

    Increase

    Increase

    General and administrative expenses
     
    $
    26,853

    $
    25,570

    $
    1,283

    5.0
    %

    As a percent of total revenues

    7.2
    %

    7.0
    %

All costs of our back office support functions, including compensation and benefits for executives and other support functions, as well as other costs and expenses to maintain finance and accounting, treasury, legal, human resources, corporate development and the information systems functions are reported within general and administrative expenses in the condensed consolidated statements of operations.

General and administrative expenses of $26.9 million for the first quarter of fiscal 2025 increased $1.3 million, or 5.0%, compared to the prior year first quarter, primarily due to higher payroll and benefit-related costs, coupled with the costs for settling a legal matter.  

Depreciation and Amortization

    (Dollars in thousands)
     
    Three Months Ended

    December 28,

    December 30,

    Percent

    2024

    2023

    Increase

    Increase

    Depreciation and amortization
     
    $
    17,099

    $
    16,393

    $
    706

    4.3
    %

    As a percent of total revenues

    4.6
    %

    4.5
    %

Depreciation and amortization expense of $17.1 million for the first quarter of fiscal 2025 increased $0.7 million, or 4.3%, compared to the prior year first quarter, primarily as a result of additional investments made in our