Company: SPH
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0000950170-25-015135
Chunk: 11

Company: SUBURBAN PROPANE PARTNERS LP
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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 among other things, material climate-related risks, how the Partnership’s Board of Supervisors and management oversee and manage such risks, and the actual and potential material impacts of such risks to the Partnership.  The rules would also require disclosure about material climate-related targets and goals, greenhouse gas emissions (“GHG”) from operations owned or controlled (Scope 1) and purchased energy used in owned or controlled operations (Scope 2), and the financial impacts of severe weather events and other natural conditions.  

 8

Currently, it is uncertain whether the SEC’s new climate-related disclosure rules will withstand pending and future legal challenges.  If the rules are ultimately implemented, the Partnership will apply them prospectively with certain disclosures beginning in its fiscal 2026 annual report, or at such other time as provided by the SEC.  The Partnership is assessing the effect of these rules on its consolidated financial statements and related disclosures.

3.Disaggregation of RevenueThe following table disaggregates revenue for each customer type.  See Note 18, “Segment Information” for more information on segment reporting wherein it is disclosed that the Partnership’s Propane, Fuel Oil and Refined Fuels and Natural Gas and Electricity reportable segments generated approximately 88%, 5% and 2%, respectively, of the Partnership’s revenue from its reportable segments for all periods presented.  The propane segment contributes the majority of the Partnership’s revenue and the concentration of revenue by customer type for the propane segment is not materially different from the consolidated revenue. 

        Three Months Ended

        December 28,

        December 30,

        2024

        2023

        Retail

        Residential
        $
        197,114

        $
        195,895

        Commercial
         
        104,742

        98,453

        Industrial
         
        30,144

        31,746

        Government
         
        17,449

        17,073

        Agricultural
         
        9,660

        13,450

        Wholesale
         
        14,220

        9,217

        Total revenues
        $
        373,329

        $
        365,834

       The Partnership recognized $36,122 and $37,474 of revenue during the three months ended December 28, 2024 and December 30, 2023, respectively, for annually billed tank rent, maintenance service contracts, fixed price contracts and budgetary