Suburban Propane Partners, L.P. Declares Quarterly Distribution of $0.325 per Common Unit

Suburban Propane Partners (NYSE: SPH) has declared a quarterly distribution of $0.325 per Common Unit for the quarter ended March 29, 2025, equivalent to an annualized rate of $1.30 per Common Unit.

Rhea-AI Summary

Suburban Propane Partners (NYSE: SPH) has declared a quarterly distribution of $0.325 per Common Unit for the quarter ended March 29, 2025, equivalent to an annualized rate of $1.30 per Common Unit. The distribution will be paid on May 13, 2025, to unitholders of record as of May 6, 2025.

The company, headquartered in Whippany, New Jersey, serves approximately 1 million customers across 42 states through 700 locations. As a nationwide distributor of propane, renewable propane, RNG, and related products, Suburban Propane operates on three core pillars: Suburban Commitment, SuburbanCares, and Go Green with Suburban Propane.

Positive

• Consistent quarterly distribution maintained at $0.325 per unit
• Large operational footprint with 700 locations across 42 states
• Diverse customer base of 1 million clients across multiple sectors

Negative

• 100% of distributions to foreign investors subject to highest tax withholding rate
• Distribution amount in excess of cumulative net income

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WHIPPANY, N.J., April 24, 2025 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE: SPH), today announced that its Board of Supervisors declared a quarterly distribution of $0.325 per Common Unit for the three months ended March 29, 2025.  This quarterly distribution rate equates to an annualized rate of $1.30 per Common Unit. The distribution is payable on May 13, 2025 to Common Unitholders of record as of May 6, 2025.

This press release serves as qualified notice to brokers and nominees as provided for under Treasury Regulation Section 1.1446-4(b).  Please note that 100% of Suburban Propane Partners, LP's distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business.  Accordingly, all of Suburban Propane Partners, LP's distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate without exception.  Regarding the amount realized pursuant to 1.1446(f)-4(c)(2)(iii), 100% of the distribution is in excess of cumulative net income.  Brokers and nominees are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors.

About Suburban Propane Partners, L.P.
Suburban Propane Partners, L.P. ("Suburban Propane") is a publicly traded master limited partnership listed on the New York Stock Exchange.  Headquartered in Whippany, New Jersey, Suburban Propane has been in the customer service business since 1928 and is a nationwide distributor of propane, renewable propane, renewable natural gas ("RNG"), fuel oil and related products and services, as well as a marketer of natural gas and electricity and producer of and investor in low carbon fuel alternatives, servicing the energy needs of approximately 1 million residential, commercial, governmental, industrial and agricultural customers through approximately 700 locations across 42 states.

Suburban Propane is supported by three core pillars: (1) Suburban Commitment – showcasing Suburban Propane's almost 100-year legacy, an ongoing commitment to the highest standards for dependability, flexibility, and reliability that underscores Suburban Propane's commitment to excellence in customer service; (2) SuburbanCares – highlighting continued dedication to giving back to local communities across  Suburban Propane's national footprint; and (3) Go Green with Suburban Propane - promoting the clean burning and versatile nature of propane and renewable propane as a bridge to a green energy future and investing in the next generation of innovative, renewable energy alternatives.  For additional information on Suburban Propane, please visit www.suburbanpropane.com.

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SOURCE Suburban Propane Partners, L.P.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the latest quarterly distribution announced by Suburban Propane (SPH)?

Suburban Propane announced a quarterly distribution of $0.325 per Common Unit for Q1 2025, payable on May 13, 2025.

What is the annualized distribution rate for SPH stock in 2025?

The annualized distribution rate for SPH stock is $1.30 per Common Unit based on the quarterly distribution of $0.325.

How many locations does Suburban Propane (SPH) operate across the United States?

Suburban Propane operates through approximately 700 locations across 42 states in the United States.

What is the tax treatment for foreign investors holding SPH units?

100% of SPH's distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate.