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

Rhea-AI Summary

Suburban Propane Partners (NYSE: SPH) declared a quarterly distribution of $0.325 per common unit for the three months ended June 27, 2026, equivalent to an annualized rate of $1.30 per unit. The distribution is payable on August 11, 2026 to unitholders of record as of August 4, 2026.

According to Suburban Propane, this release constitutes qualified notice under Treasury Regulation Section 1.1446-4(b). The company states that 100% of distributions to foreign investors are attributable to income effectively connected with a U.S. trade or business and are subject to federal withholding at the highest applicable rate. It also notes that, for purposes of Section 1.1446(f)-4(c)(2)(iii), 100% of the distribution exceeds cumulative net income, and brokers and nominees are treated as withholding agents.

Positive

• Quarterly distribution declared at $0.325 per common unit
• Annualized distribution rate of $1.30 per common unit
• Clear payment timeline with August 4, 2026 record date and August 11, 2026 pay date

Negative

• For tax purposes, 100% of distribution exceeds cumulative net income
• 100% of distributions to foreign investors subject to U.S. federal withholding at highest effective tax rate

News Market Reaction – SPH

-0.70%

-0.70% Session close to close

In the Jul 23 session, SPH declined 0.70%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

SPH's recent record included a 3.16% move after earnings and a 2.26% move after a prior distribution...

Analysis

SPH's recent record included a 3.16% move after earnings and a 2.26% move after a prior distribution declaration, providing context for this announcement. Low short positioning is a risk factor; payment and record dates warrant attention.

Key Figures

Quarterly distribution: $0.325 per Common Unit Annualized distribution: $1.30 per Common Unit Foreign investor distributions: 100% +3 more

6 metrics

Quarterly distribution $0.325 per Common Unit Three months ended June 27, 2026

Annualized distribution $1.30 per Common Unit Annualized rate

Foreign investor distributions 100% Attributable to income effectively connected with a United States trade or business

Distribution exceeding cumulative net income 100% Amount realized pursuant to 1.1446(f)-4(c)(2)(iii)

Payment date August 11, 2026 Payable to Common Unitholders

Record date August 4, 2026 Common Unitholders of record

Historical Context

5 past events · Latest: Jun 30 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jun 30	Community fundraiser	Positive	-2.2%	Fundraiser generated over $100,000 for Sonoma County children's-focused nonprofits.
Jun 23	Renewable demonstration	Positive	+3.3%	Renewable propane powered mobile EV charging during NASCAR weekend in San Diego.
May 7	Quarterly earnings	Positive	+3.2%	Second-quarter earnings included debt reduction and a $0.325 quarterly distribution.
Apr 23	Distribution declaration	Positive	+2.3%	Declared a $0.325 quarterly distribution payable to recorded common unitholders.
Apr 22	Conference call notice	Neutral	+2.3%	Scheduled the fiscal second-quarter results conference call for May 7.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

SPH's recent news reactions were mostly aligned with positive announcements, although one positive community event diverged with a decline.

Key Terms

master limited partnership, qualified notice, withholding agents

3 terms

master limited partnership financial

"is a publicly traded master limited partnership listed on the New York Stock Exchange."

A master limited partnership is a type of business structure that combines features of a corporation and a partnership, allowing it to raise money from investors while passing profits directly to them. Think of it as a shared ownership group that offers regular income, making it attractive to investors seeking steady cash flow. This structure is often used by companies involved in natural resources or energy, where consistent revenue is common.

qualified notice regulatory

"This press release serves as qualified notice to brokers and nominees"

A qualified notice is a formal communication that meets the specific wording, timing and delivery rules set out in a contract, corporate policy or law so it is legally effective. Think of it like a certified letter that ticks every checkbox required by an agreement. Investors care because only a qualified notice can trigger rights or changes — such as deadlines, payments, defaults or board actions — and thus can materially affect a company’s obligations and share value.

withholding agents regulatory

"Brokers and nominees are treated as withholding agents responsible for withholding distributions"

A withholding agent is an entity (often an employer, broker, or payer) that is legally required to hold back and remit taxes or other required amounts from payments made to a recipient, such as wages, dividends, interest, or contractor fees. For investors, this matters because withheld amounts affect the cash they receive, determine tax reporting and potential refunds, and influence net returns in cross-border or taxable transactions — like a cashier keeping part of a payment to cover a bill.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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WHIPPANY, N.J., July 23, 2026 /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 27, 2026. This quarterly distribution rate equates to an annualized rate of $1.30 per Common Unit. The distribution is payable on August 11, 2026 to Common Unitholders of record as of August 4, 2026.

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 750 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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/suburban-propane-partners-lp-declares-quarterly-distribution-of-0-325-per-common-unit-302832607.html

SOURCE Suburban Propane Partners, L.P.

FAQ

What quarterly distribution did Suburban Propane Partners (NYSE: SPH) declare on July 23, 2026?

Suburban Propane declared a quarterly distribution of $0.325 per common unit. According to Suburban Propane, this corresponds to an annualized rate of $1.30 per common unit for the three months ended June 27, 2026, payable in August 2026.

When is the record date and payment date for Suburban Propane’s Q2 2026 SPH distribution?

The distribution is payable on August 11, 2026 to unitholders of record as of August 4, 2026. According to Suburban Propane, investors must be common unitholders on the record date to receive the August cash distribution.

How are Suburban Propane (SPH) distributions taxed for foreign investors in 2026?

According to Suburban Propane, 100% of its distributions to foreign investors are treated as income effectively connected with a U.S. trade or business. As a result, all such distributions are subject to U.S. federal income tax withholding at the highest applicable effective rate.

What does it mean that 100% of Suburban Propane’s SPH distribution exceeds cumulative net income?

Suburban Propane states that, for Section 1.1446(f)-4(c)(2)(iii) purposes, 100% of the distribution is in excess of cumulative net income. This disclosure is relevant to tax calculations for foreign investors and withholding agents handling Suburban Propane units.

Who is responsible for withholding taxes on Suburban Propane (SPH) distributions to foreign investors?

According to Suburban Propane, brokers and nominees are treated as withholding agents for distributions they receive on behalf of foreign investors. They are responsible for applying federal income tax withholding at the highest applicable effective rate on those distributions.

Is the July 23, 2026 SPH distribution announcement a qualified notice for tax purposes?

Yes. Suburban Propane states this announcement serves as a qualified notice to brokers and nominees under Treasury Regulation Section 1.1446-4(b). This designation provides tax information needed to calculate and apply appropriate U.S. withholding on SPH distributions to foreign investors.