Company: SPH
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0000950170-25-015135
Chunk: 149

Company: SUBURBAN PROPANE PARTNERS LP
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 8
Chunk 149
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.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 to our customer service centers.  Cost of products sold also includes the cost of appliances and related parts sold or installed by our customer service centers computed on a basis that approximates the average cost of the products.  

Given the retail nature of our operations, we maintain a certain level of priced physical inventory to help ensure that our field operations have adequate supply commensurate with the time of year.  Our strategy has been, and will continue to be, to keep our physical inventory priced relatively close to