Suburban Propane (NYSE: SPH) declares $0.325 quarterly payout

Rhea-AI Filing Summary

Suburban Propane Partners, L.P. declared a quarterly cash distribution of $0.325 per common unit for the three months ended March 28, 2026. This equals an annualized rate of $1.30 per common unit.

The distribution will be paid on May 12, 2026 to common unitholders of record as of May 5, 2026. The partnership states that 100% of its distributions to foreign investors are attributable to income effectively connected with a U.S. trade or business and that 100% of this distribution exceeds cumulative net income, so brokers and nominees must withhold U.S. federal income tax at the highest applicable effective rate for foreign investors.

8-K Event Classification

3 items: 7.01, 8.01, 9.01

3 items

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Quarterly distribution: $0.325 per common unit Annualized distribution rate: $1.30 per common unit Payment date: May 12, 2026 +3 more

6 metrics

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

Annualized distribution rate $1.30 per common unit Implied by the $0.325 quarterly rate

Payment date May 12, 2026 Distribution payable date to common unitholders

Record date May 5, 2026 Common unitholders of record on this date receive the distribution

ECI portion for foreign investors 100% of distributions Distributions treated as effectively connected with a U.S. trade or business

Distribution vs cumulative net income 100% in excess Amount realized under Treasury Regulation 1.1446(f)-4(c)(2)(iii)

Key Terms

quarterly distribution, record as of, Treasury Regulation Section 1.1446-4(b), effectively connected with a United States trade or business, +1 more

5 terms

quarterly distribution financial

"declared a quarterly distribution of $0.325 per Common Unit for the three months ended March 28, 2026"

record as of financial

"The distribution is payable on May 12, 2026 to Common Unitholders of record as of May 5, 2026"

"Record as of" indicates the specific date or point in time when a particular financial figure or statistic was measured or confirmed. It helps investors understand the exact moment when the data was valid, similar to taking a snapshot of a situation. This clarity is important for making accurate comparisons and informed decisions based on the most current or relevant information.

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 with a United States trade or business 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"

A tax status describing when income earned by a foreign person or entity is treated as tied to active business operations inside the United States. If income is 'effectively connected' to a U.S. trade or business, it is usually taxed like domestic business income rather than as passive foreign-sourced income; think of it as income earned by someone who has a real storefront or employees inside the U.S. rather than just selling from afar. Investors care because this classification changes tax rates, reporting requirements, and after-tax returns on U.S.-linked activities.

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.

Understanding 8-K Material Events →

false0001005210SUBURBAN PROPANE PARTNERS LP00010052102026-04-232026-04-23

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15 (d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

April 23, 2026

Commission File Number: 1-14222

SUBURBAN PROPANE PARTNERS, L.P.

(Exact name of registrant as specified in its charter)

Delaware		22-3410353
(State or Other Jurisdiction		(IRS Employer
of Incorporation)		Identification No.)

240 Route 10 West

Whippany, New Jersey 07981

(973) 887-5300

(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)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	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:

Title of each class	Trading Symbol	Name of exchange on which registered
Common Units	SPH	New York Stock Exchange

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 April 23, 2026, Suburban Propane Partners, L.P. (the “Partnership”) issued a press release (the “Press Release”) announcing its Fiscal 2026 Second 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		Press Release of Suburban Propane Partners, L.P. dated April 23, 2026, announcing the Fiscal 2026 Second Quarter Distribution Declaration.
104		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.

April 23, 2026		SUBURBAN PROPANE PARTNERS, L.P.
		By:		/s/ MICHAEL A. KUGLIN
		Name:		Michael A. Kuglin
		Title:		Chief Financial Officer

Exhibit 99.1

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

Quarterly Distribution of $0.325 per Common Unit

Whippany, New Jersey, April 23, 2026 -- 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.

# # #

FAQ

What quarterly distribution did Suburban Propane Partners (SPH) declare for its fiscal 2026 second quarter?

Suburban Propane Partners declared a quarterly distribution of $0.325 per common unit for the three months ended March 28, 2026. This distribution level implies an annualized rate of $1.30 per common unit, assuming the same rate continues over four quarters.

When will Suburban Propane Partners (SPH) pay the declared $0.325 distribution?

The declared $0.325 per common unit distribution will be paid on May 12, 2026. Unitholders must be on record as of May 5, 2026 to receive this cash payment, according to the company’s distribution announcement.

What is the annualized distribution rate for Suburban Propane Partners (SPH) based on the latest declaration?

Based on the latest declaration, the annualized distribution rate is $1.30 per common unit. This figure is calculated from the quarterly rate of $0.325 per common unit multiplied by four quarters in a year, as stated in the announcement.

How are Suburban Propane Partners (SPH) distributions to foreign investors treated for U.S. tax purposes?

The partnership states that 100% of its distributions to foreign investors are income effectively connected with a U.S. trade or business. As a result, these distributions are subject to U.S. federal income tax withholding at the highest applicable effective tax rate for foreign investors.

What does Suburban Propane Partners (SPH) say about the distribution relative to cumulative net income?

Suburban Propane notes that, for purposes of Treasury Regulation 1.1446(f)-4(c)(2)(iii), 100% of the distribution is in excess of cumulative net income. This characterization affects how withholding agents apply tax rules to payments made to foreign investors.

Who is responsible for withholding U.S. tax on Suburban Propane Partners (SPH) distributions to foreign investors?

The company explains that brokers and nominees are treated as withholding agents. They are responsible for withholding the required U.S. federal income tax on distributions received on behalf of foreign investors, consistent with applicable Treasury regulations cited in the notice.

Filing Exhibits & Attachments

2 documents

Press Releases

• EX-99.1 EX-99.1 12.7 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA WITH EMBEDDED LINKBASES DOCUMENT 30.2 KB