Suburban Propane raises quarterly distribution to $0.35
Suburban Propane says 100% of distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective rate.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Suburban Propane Partners, L.P. declared an increase in its quarterly distribution from $0.325 to $0.35 per common unit for the three months ended September 26, 2026, equivalent to a new annualized rate of $1.40 per common unit. The company said the new annualized rate represents a 7.7% increase over the previous annualized rate.
The distribution is payable November 10, 2026, to common unitholders of record November 3, 2026.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointAnnualized distribution rate increased 7.7%.
Negative
- None.
Filing Explained
The release states that all distributions to foreign investors are attributable to income effectively connected with a U.S. trade or business and subject to federal withholding at the highest applicable effective tax rate; it also says 100% of this distribution is in excess of cumulative net income.
8-K Event Classification
Key Figures
Key Terms
annualized distribution rate financial
effectively connected regulatory
cumulative net income financial
renewable natural gas technical
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What distribution did SPH declare?
When will SPH pay its distribution?
How are SPH distributions to foreign investors treated for withholding?
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
Commission File Number:
(Exact name of registrant as specified in its charter)
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of Incorporation) |
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Identification No.) |
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Name of exchange on which registered |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
ITEM 7.01. REGULATION FD DISCLOSURE
ITEM 8.01. OTHER EVENTS
On October 22, 2026, Suburban Propane Partners, L.P. (the “Partnership”) issued a press release (the “Press Release”) announcing its Fiscal 2026 Fourth Quarter Distribution Declaration. A copy of the Press Release has been furnished as Exhibit 99.1 to this Current Report.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits.
99.1 |
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Press Release of Suburban Propane Partners, L.P. dated October 22, 2026, announcing the Fiscal 2026 Fourth Quarter Distribution Declaration. |
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Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
October 22, 2026 |
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SUBURBAN PROPANE PARTNERS, L.P. |
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By: |
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/s/ MICHAEL A. KUGLIN |
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Michael A. Kuglin |
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Title: |
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Chief Financial Officer |
Exhibit 99.1
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News Release Contact: Michael A. Kuglin Chief Financial Officer P.O. Box 206, Whippany, NJ 07981-0206 Phone: 973-503-9252 |
FOR IMMEDIATE RELEASE
Suburban Propane Partners, L.P. Declares Increase in
Annualized Distribution Rate to $1.40 per Common Unit
Whippany, New Jersey, October 22, 2026 -- Suburban Propane Partners, L.P. (NYSE:SPH), today announced that its Board of Supervisors declared an increase in the Partnership’s quarterly distribution from $0.325 to $0.35 per Common Unit for the three months ended September 26, 2026. This increased quarterly distribution rate equates to an annualized rate of $1.40 per Common Unit. The distribution is payable on November 10, 2026 to Common Unitholders of record as of November 3, 2026.
In announcing the increase in the quarterly distribution rate, President and Chief Executive Officer Michael A. Stivala said, “We are very pleased to announce an increase in our annualized distribution rate to $1.40 per Common Unit, representing a 7.7% increase over the previous annualized rate. This increase reflects the progress we have made in strengthening our financial position and our confidence in the long-term outlook for the business. With capital spending largely complete for our renewable natural gas facilities in Columbus, Ohio and Upstate New York, an improving leverage profile and positive momentum across both of our propane operations and renewable energy platform, we have greater flexibility to return additional capital to our Unitholders, while continuing to preserve capital to invest in strategic growth opportunities.”
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.
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