Company: SPH
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0000950170-25-015135
Chunk: 1

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

    1,725,701

    Commitments and contingencies

    Partners’ capital:

    Common Unitholders (64,490 and 64,072 units issued and outstanding at   December 28, 2024 and September 28, 2024, respectively)

    551,401

    553,207

    Accumulated other comprehensive loss

    (6,263
    )

    (6,147
    )

    Total partners’ capital

    545,138

    547,060

    Total liabilities and partners’ capital
     
    $
    2,384,626

    $
    2,272,761

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

 1

Table of Contents

SUBURBAN PROPANE PARTNERS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per unit amounts)

(unaudited)

    Three Months Ended

    December 28,

    December 30,

    2024

    2023

    Revenues

    Propane
     
    $
    330,283

    $
    313,358

    Fuel oil and refined fuels

    17,661

    23,898

    Natural gas and electricity

    6,053

    6,493

    All other

    19,332

    22,085

    373,329

    365,834

    Costs and expenses

    Cost of products sold

    147,162

    153,053

    Operating

    123,153

    122,070

    General and administrative

    26,853

    25,570

    Depreciation and amortization

    17,099

    16,393

    314,267

    317,086

    Operating income

    59,062

    48,748

    Interest expense, net

    19,612

    18,192

    Other, net

    19,467

    5,853

    Income before provision for income taxes

    19,983

    24,703

    Provision for income taxes

    563

    249

    Net income
     
    $
    19,420