Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 26, 2022 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 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 of (I.R.S. Employ ...

Financial Data and Key Metrics Changes - The company reported an adjusted EBITDA increase of more than 8% compared to the prior year first quarter, reaching $86.5 million, which is an improvement of $6.5 million or 8.1% [6][11] - Net income for the first quarter was $55.4 million or $0.88 per common unit, compared to $33.4 million or $0.53 per common unit in the prior year [11] - Total gross margin for the first quarter increased by $15.6 million or 7.9% to $212.6 million, driven by effective selling price management and favorable commodity hedges [14] Business Line Data and Key Metrics Changes - Retail propane gallons sold were 105.3 million gallons, which is 5.7% lower than the prior year, impacted by unseasonably warm temperatures and lower agricultural demand [13] - Average wholesale prices for the first quarter were $1.25 per gallon, nearly 120% higher than the prior year first quarter [14] Market Data and Key Metrics Changes - U.S. propane inventories were reported at around 20% below the five-year average for that time of year, but improved as the quarter progressed due to solid production outpacing soft domestic demand [8] - Propane prices started to rise again, increasing more than 15% in just the past three weeks as colder temperatures returned [23] Company Strategy and Development Direction - The company is focused on greenfield expansions and acquisitions in strategic markets to enhance its service capability [32] - There is an ongoing effort to commercialize low-carbon renewable dimethyl ether, which will significantly reduce carbon intensity when blended with propane [25][27] - The company aims to build out a renewable energy platform and is actively seeking investment opportunities in new technologies [26][27] Management's Comments on Operating Environment and Future Outlook - Management noted that the heating season began with unseasonably warm weather, but colder temperatures are expected to drive increased heating demand [23] - The company remains well-positioned to respond to increasing customer demand while adhering to safety standards amid the ongoing pandemic [24] Other Important Information - The quarterly distribution was declared at $0.325 per common unit, equating to an annualized rate of $1.30 per common unit, with a strong distribution coverage of 2.6x [22] - The consolidated leverage ratio for the trailing 12-month period was 4.02x, reflecting a significant improvement from the prior year [19] Q&A Session Summary Question: Details on the acquisition of properties in new markets - The company is actively identifying strategic markets for expansion and has completed most of the spending for greenfield expansions, focusing now on marketing [32][33] Question: Inflationary effects on combined OpEx and SG&A - The company is experiencing inflationary impacts from driver shortages, increased compensation, and higher costs for materials and fuel, but has managed to maintain operational efficiency [35][36] Question: Target leverage and priorities between deleveraging and investments - The company aims to reduce its leverage metric to the mid-3x range and will use excess cash flow for investments in renewable technologies or to reduce debt [41][43] Question: Timing on refinancing 2027 notes - The company is actively considering refinancing options but has not disclosed specific timing [45]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended December 25, 2021 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 1-14222 SUBURBAN PROPANE PARTNERS, L.P. (Exact name of registrant as specified in its charter) (State or other jurisdiction of (I.R.S. Employer incorporation ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K Commission File Number: 1-14222 SUBURBAN PROPANE PARTNERS, L.P. (Exact name of registrant as specified in its charter) (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) Delaware 22-3410353 240 Route 10 West Whippany, NJ 07981 (973) 887-5300 (Address, including zip code, and telephone number, including area code, of registrant's principal executive offices) Sec ...

Suburban Propane Partners, L.P. (NYSE:SPH) Q4 2021 Earnings Conference Call November 11, 2021 9:00 AM ET Company Participants Davin D'Ambrosio – Vice President and Treasurer Mike Stivala – President and Chief Executive Officer Mike Kuglin – Chief Financial Officer and Chief Accounting Officer Steve Boyd – Chief Operating Officer Conference Call Participants Ned Baramov – Wells Fargo Operator Good day and welcome to the Suburban Propane Partners, L.P., fiscal 2021, Full-year and Fourth Quarter results confer ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 26, 2021 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 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 of (I.R.S. Employe ...

Suburban Propane Partners, L.P. (NYSE:SPH) Q3 2021 Earnings Conference Call August 5, 2021 9:00 AM ET Company Representatives Mike Stivala - President, Chief Executive Officer Mike Kuglin - Chief Financial Officer, Chief Accounting Officer Steve Boyd - Chief Operating Officer Davin D'Ambrosio - Vice President, Treasurer Conference Call Participants Operator Good day, and welcome to the Suburban Propane Partners L.P. third quarter conference call. All participants will be in listen-only mode. [Operator Instr ...

Suburban Propane Partners, L.P. (NYSE:SPH) Q2 2021 Earnings Conference Call May 6, 2021 9:00 AM ET Company Participants Davin D'Ambrosio - Vice President and Treasurer Mike Stivala - President and Chief Executive Officer Mike Kuglin - Chief Financial Officer and Chief Accounting Officer Steve Boyd - Chief Operating Officer Operator Good day, and welcome to the Suburban Propane Partners L.P. Second Quarter Results Conference Call. All participants will be in a listen-only mode [Operator Instructions]. This c ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 27, 2021 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 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 of (I.R.S. Employ ...

Suburban Propane Partners, L.P. (NYSE:SPH) Q1 2021 Earnings Conference Call February 4, 2021 9:00 AM ET Company Participants Davin D'Ambrosio - Vice President and Treasurer Mike Stivala - President and Chief Executive Officer Mike Kuglin - Chief Financial Officer and Chief Accounting Officer Operator Good morning and welcome to the Suburban Propane Partners L.P.'s First Quarter Results. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation there will be an opport ...