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Suburban Propane Partners Announces Quarterly Distribution Update

Suburban Propane Partners, L.P. (NYSE: SPH) has officially declared a quarterly distribution of $0.325 per common unit, based on the financial results for the quarter ending December 28, 2024. This distribution signifies a steady annualized rate of $1.30 per common unit, representing the company's ongoing strategy to deliver value to its investors.

The distribution will be paid on February 11, 2025, to all common unitholders on record as of February 4, 2025. This timely announcement emphasizes Suburban Propane's commitment to maintaining strong investor relations while navigating the competitive energy market.

Investor Tax Considerations

It is important for investors, particularly foreign investors, to note that this distribution is entirely attributed to income that is effectively connected with a U.S. trade or business. Consequently, it will be subject to federal income tax withholding at the highest applicable effective tax rate. Furthermore, all brokers and nominees are considered withholding agents and are responsible for ensuring compliance with these regulations for distributions received on behalf of foreign investors.

About Suburban Propane Partners, L.P.

Founded in 1928 and headquartered in Whippany, New Jersey, Suburban Propane Partners is a leading distributor of propane, renewable propane, fuel oil, and related products and services across the United States. With a robust network of approximately 700 locations spread across 42 states, the firm services around 1 million residential, commercial, industrial, agricultural, and governmental clients.

Suburban Propane is anchored by three core pillars:
1. Suburban Commitment: This reflects the company's 95-year heritage and its dedication to providing reliable and flexible services that underline its excellence in customer satisfaction.
2. SuburbanCares: Emphasizing community engagement, the initiative showcases the company's unwavering dedication to giving back to local communities.
3. Go Green with Suburban Propane: This initiative promotes the clean-burning qualities of propane and renewable propane, clearly aligning with their vision for a sustainable energy future.

Future Outlook

The ongoing initiatives by Suburban Propane demonstrate its strategic focus not only on financial growth but also on environmentally responsible practices. As the energy landscape continues to evolve, the company's commitment to sustainability and dependability in energy distribution puts it in a favorable position. Investors can expect regular updates and transparent communication as Suburban Propane continues to enhance its industry footprint while serving its customers and communities effectively.

For more detailed information about their services and initiatives, please visit Suburban Propane.