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 March 28, 2026, equal to an annualized rate of $1.30 per unit. The distribution is payable May 12, 2026 to holders of record on May 5, 2026.

The announcement notes 100% of distributions to foreign investors are effectively connected with U.S. trade or business and subject to federal tax withholding; 100% of the distribution is in excess of cumulative net income for 1.1446(f)-4(c)(2)(iii) purposes.

Positive

• Quarterly distribution of $0.325 per unit
• Annualized distribution rate of $1.30 per unit
• Payable date: May 12, 2026 to record holders as of May 5, 2026

Negative

• 100% of distributions to foreign investors are subject to federal withholding
• 100% of the distribution is reported in excess of cumulative net income

News Market Reaction – SPH

+2.26%

+2.26% Session close to close

In the Apr 23 session, SPH gained 2.26%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement confirms a quarterly cash distribution of $0.325 per common unit, maintaining an a...

Analysis

This announcement confirms a quarterly cash distribution of $0.325 per common unit, maintaining an annualized rate of $1.30. The news reinforces SPH’s income profile and repeats the tax treatment details for foreign investors under U.S. Treasury regulations. In recent history, earnings strength and a consistent payout have coexisted with only modest price moves. Investors may watch upcoming results calls, leverage trends, and distribution coverage metrics to gauge the sustainability of this payout level.

Key Figures

Quarterly distribution: $0.325 per common unit Annualized distribution: $1.30 per common unit Payment date: May 12, 2026 +5 more

8 metrics

Quarterly distribution $0.325 per common unit For three months ended March 28, 2026

Annualized distribution $1.30 per common unit Annualized rate based on current quarterly distribution

Payment date May 12, 2026 Distribution payable date

Record date May 5, 2026 Common unitholders of record date

Customer count Approximately 1 million customers Residential, commercial, governmental, industrial and agricultural

Locations Approximately 750 locations Across 42 U.S. states

States served 42 states Nationwide footprint

Operating since Since 1928 Length of operating history

Historical Context

5 past events · Latest: Apr 14 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 14	NASCAR sponsorship	Positive	-0.1%	First Suburban Propane 300 race sponsorship and mascot launch at Bristol.
Mar 24	NASCAR expansion	Positive	+1.0%	Expanded NASCAR partnership to power 21 racetracks nationwide.
Feb 05	Earnings update	Positive	+0.6%	Stronger Q1 2026 profitability, higher net income and Adjusted EBITDA.
Jan 22	Executive promotion	Positive	-1.0%	Promotion of SVP – Renewable Energy to lead renewables strategy.
Jan 22	Distribution declaration	Neutral	-1.0%	Quarterly distribution of $0.325 per unit and tax treatment details.

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

Pattern Detected

Marketing and corporate news have produced modest, mixed reactions, while financial updates and prior distribution declarations have led to small price moves with no strong directional pattern.

Recent Company History

Over the last six months, SPH has combined brand-building, capital markets activity, and steady distributions. NASCAR sponsorships and expanded track partnerships on Mar 24 and Apr 14 aimed at visibility produced modest price changes. Strong fiscal Q1 2026 results on Feb 5 coincided with a small positive move. Executive promotion and the prior $0.325 quarterly distribution declaration on Jan 22 were followed by mild declines, underscoring historically muted reactions to similar partnership announcements.

Key Terms

master limited partnership, treasury regulation section 1.1446-4(b), effectively connected, withholding agents, +1 more

5 terms

master limited partnership financial

"Suburban Propane 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.

treasury regulation section 1.1446-4(b) regulatory

"This press release serves as qualified notice to brokers and nominees as provided for under Treasury Regulation Section 1.1446-4(b)."

A U.S. Treasury regulation that explains when and how a purchaser of a partnership interest must withhold tax when the seller is a foreign person, implementing the withholding rules of Internal Revenue Code section 1446. It matters to investors because it can affect the cash a buyer must hold back at closing (similar to a cashier keeping part of a sale until taxes are cleared), which changes deal proceeds, tax reporting, and timing of when funds become available.

effectively connected regulatory

"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."

Income or gains that are treated for U.S. tax purposes as arising from a taxpayer’s regular business activities in the United States; think of it as money that is 'tied to' active operations in the U.S. rather than passive holdings. Investors care because income deemed effectively connected often faces different tax rates, withholding rules and reporting requirements, which can change after-tax returns and the paperwork or withholding applied to payouts.

withholding agents regulatory

"Brokers and nominees are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors."

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.

renewable natural gas ("rng") technical

"renewable propane, renewable natural gas ("RNG"), fuel oil and related products and services"

Renewable natural gas (RNG) is methane collected from organic waste sources — such as landfills, farms and wastewater facilities — that is cleaned to the same standard as conventional pipeline natural gas. It matters to investors because RNG turns waste into a marketable low‑carbon fuel, creating revenue streams from fuel sales, long‑term supply contracts and government incentives; think of it as recycling waste into a saleable energy product whose value depends on policy and energy prices.

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

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WHIPPANY, N.J., April 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 March 28, 2026. This quarterly distribution rate equates to an annualized rate of $1.30 per Common Unit. The distribution is payable on May 12, 2026 to Common Unitholders of record as of May 5, 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-302751144.html

SOURCE Suburban Propane Partners, L.P.

FAQ

What distribution did Suburban Propane (SPH) declare for Q1 2026?

The distribution is $0.325 per common unit, annualized to $1.30 per unit. According to the company, the payment covers the three months ended March 28, 2026 and is payable May 12, 2026 to holders of record May 5, 2026.

When will SPH pay the declared distribution and who is eligible?

Payment is scheduled for May 12, 2026 to holders of record as of May 5, 2026. According to the company, brokers and nominees who hold units on the record date will receive distributions on behalf of their clients.

How does the SPH distribution affect foreign investors for tax withholding?

All distributions to foreign investors are subject to federal withholding as effectively connected income. According to the company, 100% of distributions are treated as U.S.-effectively connected income and withholding applies at the highest applicable rate.

What does it mean that 100% of the distribution is in excess of cumulative net income for SPH?

It indicates the distribution exceeds cumulative net income for tax reporting under 1.1446(f)-4(c)(2)(iii). According to the company, brokers and nominees are treated as withholding agents for distributions received on behalf of foreign investors.

Where can investors find more information about Suburban Propane (SPH) and this distribution?

Investors can access company information and investor resources on Suburban Propane's website. According to the company, additional corporate and contact details are available at www.suburbanpropane.com for investor inquiries and distribution guidance.