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 September 27, 2025, equal to an annualized rate of $1.30 per Common Unit. The distribution is payable November 11, 2025 to unitholders of record as of November 4, 2025.

The company notifies brokers under Treasury Regulation Section 1.1446-4(b) that 100% of distributions to foreign investors are effectively connected with a U.S. trade or business and are subject to federal income tax withholding at the highest applicable rate. The announcement states 100% of the distribution is in excess of cumulative net income.

Positive

• Quarterly distribution of $0.325 per Common Unit declared
• Annualized distribution equals $1.30 per Common Unit
• Payment date set for November 11, 2025 with record date November 4, 2025

Negative

• 100% of distribution is in excess of cumulative net income
• All distributions to foreign investors are subject to federal withholding at highest effective rate

Insights

Income-distribution analyst

Suburban Propane declared a quarterly distribution of $0.325 per unit, payable November 11, 2025.

The partnership pays a quarterly cash distribution of $0.325 per Common Unit, which annualizes to $1.30. The distribution mechanics are standard: holders of record on November 4, 2025 will receive the payment on November 11, 2025, and brokers are instructed to withhold for foreign unitholders under Treasury Regulation 1.1446.

Risks and dependencies include tax withholding rules for foreign holders (the release states 100% of distributions to foreign investors are effectively connected income and subject to withholding) and the note that the distribution is "in excess of cumulative net income." These facts matter for taxable reporting and distributable cash interpretation but do not state any change in payout policy.

Watch for the payment on November 11, 2025, any follow-up disclosures about distributable cash or coverage metrics, and the next quarterly declaration; those items will clarify sustainability and tax implications for holders.

WHIPPANY, N.J., Oct. 23, 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 September 27, 2025.  This quarterly distribution rate equates to an annualized rate of $1.30 per Common Unit. The distribution is payable on November 11, 2025 to Common Unitholders of record as of November 4, 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 distribution did Suburban Propane Partners (SPH) declare on October 23, 2025?

Suburban Propane declared a quarterly distribution of $0.325 per Common Unit (annualized $1.30).

When is the SPH distribution payable and what is the record date?

The distribution is payable on November 11, 2025 to holders of record as of November 4, 2025.

How does the SPH press release affect foreign unitholders and taxes?

The release states 100% of distributions to foreign investors are effectively connected with a U.S. trade or business and subject to federal withholding at the highest applicable rate.

Does the SPH announcement indicate whether the distribution is covered by net income?

The announcement says 100% of the distribution is in excess of cumulative net income.

What regulatory notice did Suburban Propane provide with the distribution announcement?

The company provided qualified notice to brokers and nominees under Treasury Regulation Section 1.1446-4(b).

How much is the annualized distribution per common unit for SPH after the October 23, 2025 declaration?

The annualized distribution equals $1.30 per Common Unit.