Financial Data and Key Metrics Changes - Fiscal year 2023 adjusted EBITDA was $275 million, down from $291 million in the prior year, impacted by lower heat-related demand and inflationary pressures [51][52] - Total gross margin for fiscal 2023 increased by $25.5 million or 3.1% to $842.7 million, primarily due to higher propane unit margins and contributions from RNG assets [53] - Net income for fiscal 2023 was $138.4 million or $2.17 per common unit, compared to $171.1 million or $2.71 per common unit in the prior year [63] Business Line Data and Key Metrics Changes - Retail propane gallons sold in fiscal 2023 were 396 million gallons, a decrease of 1.2% compared to the prior year, attributed to warm temperatures during the heating season [64] - Propane unit margins increased by $0.04 per gallon or 2% compared to the prior year, due to effective price management during declining commodity prices [73] Market Data and Key Metrics Changes - Average wholesale propane prices for fiscal 2023 were $0.75 per gallon, which is 39% lower than the prior year [53] - U.S. propane inventories at the end of September 2023 were at 101 million barrels, 20% higher than September 2022 levels [65] Company Strategy and Development Direction - The company is committed to its core propane business while investing in renewable energy alternatives, including RNG and hydrogen production [12][49] - The long-term strategy focuses on building a growth platform that leverages the propane business to support investments in lower-carbon solutions [16][31] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges from warm weather and inflation but highlighted organic growth in the customer base and margin expansion as positive indicators [33][51] - The company expects capital spending for propane operations to remain consistent with historical levels, while investments in RNG projects are projected to range between $25 million to $35 million [55] Other Important Information - The company declared a quarterly distribution of $0.325 per common unit for the fourth quarter of fiscal 2023, equating to an annualized rate of $1.30 per common unit [69] - Total capital spending for the year was $45 million, including $20 million for maintenance and $25 million for growth initiatives [67] Q&A Session Summary Question: Expectations for O&M growth and FY '24 - Management expects expenses to continue trending upward due to inflation, but the net increase is anticipated to be less than in previous years, driven by volumes [9] Question: Increase in equity earnings - The increase in equity earnings was related to Oberon, with no unusual factors affecting this [10] Question: Interest in scaling propane versus RNG - The company remains committed to its core propane business while also focusing on energy transition investments, including RNG and hydrogen [12][14]

Suburban Propane Partners, L.P. (NYSE:SPH) Q3 2023 Earnings Conference Call August 3, 2023 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 Conference Call Participants Gabe Moreen - Mizuho James Spicer - TD Securities Ned Baramov - Wells Fargo Operator Good day and welcome to the Suburban Propane Partners Third Quarter Earnings Conference Call. All participa ...

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 24, 2023 ☐ 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 Delaware 22-341035 ...

Suburban Propane Partners LP (NYSE:SPH) Q2 2023 Earnings Conference Call May 4, 2023 9:00 AM ET Company Participants Davin D'Ambrosio - VP & Treasurer Michael Stivala - President, CEO & Supervisor Michael Kuglin - CFO & CAO Conference Call Participants Gabriel Moreen - Mizuho Securities Ned Baramov - Wells Fargo Securities Operator Good morning, and welcome to the Suburban Propane Partners Second Quarter Earnings Conference Call. [Operator Instructions]. I would now like to turn the conference over to Davin ...

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 25, 2023 ☐ 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 Delaware 22-34103 ...

Suburban Propane Partners, L.P. (NYSE:SPH) Q1 2023 Results Conference Call February 2, 2023 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 James Spicer - TD Securities Ned Baramov - Wells Fargo Jay Kanive - Tonka Capital Operator Good day, and welcome to the Suburban Propane Partners First Qu ...

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 24, 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) (State or other jurisdiction of (I.R.S. Employer Delaware 22-34 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended September 24, 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) (State or other jurisdiction of (I.R.S. Employer incorporation or orga ...

Suburban Propane Partners, L.P. (NYSE:SPH) Q4 2022 Earnings Conference Call November 10, 2022 9:00 AM ET Company Participants Davin D'Ambrosio - Vice President and Treasurer Michael Stivala - President and Chief Executive Officer Michael Kuglin - Chief Financial Officer and Chief Accounting Officer Conference Call Participants Ned Baramov - Wells Fargo Securities, LLC Operator Good morning, and welcome to the Suburban Propane Partners' Fiscal 2022 Full-Year and Fourth Quarter Results Conference Call. All pa ...

Suburban Propane Partners LP (NYSE:SPH) Q3 2022 Earnings Conference Call August 4, 2022 9:00 AM ET Company Participants Davin D'Ambrosio - VP & Treasurer Michael Stivala - President, CEO & Supervisor Michael Kuglin - CFO & CAO Conference Call Participants Operator Good day, and welcome to the Suburban Propane Partners Third Fiscal Quarter Results Conference Call. [Operator Instructions]. Please note this event is being recorded. I would now like to turn the conference over to Mr. Davin D'Ambrosio, Vice Pres ...