Suburban Propane Partners, L.P. Declares Quarterly Distribution of $0.325 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 June 28, 2025. This translates to an annualized rate of $1.30 per Common Unit. The distribution will be paid on August 12, 2025 to unitholders of record as of August 5, 2025.

The company, headquartered in Whippany, New Jersey, is a master limited partnership serving approximately 1 million customers across 42 states through 700 locations. Suburban Propane operates as a distributor of propane, renewable propane, RNG, and fuel oil, while also marketing natural gas and electricity and investing in low carbon fuel alternatives.

Positive

• None.

Negative

• 100% of distributions to foreign investors subject to highest applicable tax withholding
• Distribution exceeds cumulative net income, potentially indicating sustainability concerns

WHIPPANY, N.J., July 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 June 28, 2025. This quarterly distribution rate equates to an annualized rate of $1.30 per Common Unit. The distribution is payable on August 12, 2025 to Common Unitholders of record as of August 5, 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

What is SPH's latest quarterly distribution amount and when will it be paid?

Suburban Propane Partners declared a quarterly distribution of $0.325 per Common Unit, payable on August 12, 2025 to unitholders of record as of August 5, 2025.

What is the annualized distribution rate for Suburban Propane Partners (SPH)?

The quarterly distribution of $0.325 per Common Unit equates to an annualized rate of $1.30 per Common Unit.

How many states does Suburban Propane Partners (SPH) operate in?

Suburban Propane operates in 42 states through approximately 700 locations, serving about 1 million customers.

What products and services does Suburban Propane Partners (SPH) offer?

SPH distributes propane, renewable propane, renewable natural gas (RNG), fuel oil and related products. They also market natural gas and electricity, and invest in low carbon fuel alternatives.

How are foreign investors affected by SPH's distribution tax policy?

100% of SPH's distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate, as they are attributable to income connected with U.S. trade or business.