Company: SPH
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0000950170-25-015135
Chunk: 43

Company: SUBURBAN PROPANE PARTNERS LP
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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.  Fuel oil and refined fuels gallons sold decreased 0.9 million gallons, or 16.9%, resulting in a $3.9 million decrease in revenues.  Average fuel oil and refined fuels selling prices decreased 9.0% compared to the prior year, reflecting lower average wholesale costs, resulting in a $2.3 million decrease in revenues.  

Revenues in our natural gas and electricity segment of $6.1 million were $0.4 million, or 6.8%, lower than the prior year, primarily due to the impact of a lower customer base.

Revenues in our all other segment of $19.3 million were $2.8 million, or 12.5%, lower than the prior year, primarily due to a decrease in injection of renewable natural gas (“RNG”), due to a planned shut-down at our facility in Stanfield, Arizona for routine maintenance activities and regulatory compliance upgrades.

 26

Cost of Products Sold

    (Dollars in thousands)
     
    Three Months Ended

    Percent

    December 28,

    December 30,

    Increase

    Increase

    2024

    2023

    (Decrease)

    (Decrease)

    Cost of products sold

    Propane
     
    $
    129,741

    $
    127,772

    $
    1,969

    1.5
    %

    Fuel oil and refined fuels

    10,551

    16,721

    (6,170
    )

    (36.9
    )%

    Natural gas and electricity

    2,556

    3,518

    (962
    )

    (27.3
    )%

    All other

    4,314

    5,042

    (728
    )

    (14.4
    )%

    Total cost of products sold
     
    $
    147,162

    $
    153,053

    $
    (5,891
    )

    (3.8
    )%

    As a percent of total revenues

    39.4
    %

    41.8
    %

The cost of products sold reported in the condensed consolidated statements of operations represents the weighted average unit cost of propane, fuel oil and refined fuels, and natural gas and electricity sold, including transportation costs to deliver product from our supply points to storage or