Suburban Propane Partners Announces New Quarterly Distribution Rate for Shareholders

Suburban Propane Partners Declares Quarterly Distribution

On April 24, 2025, Suburban Propane Partners, L.P. (NYSE: SPH) made a significant announcement that its Board of Supervisors has approved a quarterly distribution of $0.325 per common unit for the period ending March 29, 2025. This translates to an annualized distribution rate of $1.30 per common unit. The payment date for this distribution is set for May 13, 2025, and it will be payable to all common unitholders recorded as of May 6, 2025.

This announcement is noteworthy as it reflects the company's commitment to maintaining competitive returns for its investors while ensuring strong financial health. The distribution rate remains consistent, providing both current and prospective investors with confidence in the stability and profitability of Suburban Propane Partners.

In addition to informing investors, this press release serves as an important notice to brokers and nominees under Treasury Regulation Section 1.1446-4(b). It's crucial for investors, especially foreign ones, to note that all distributions from Suburban Propane Partners, L.P. are effectively connected with a United States trade or business. Therefore, these distributions will be subject to the highest applicable federal income tax withholding.

Suburban Propane Partners, L.P., based in Whippany, New Jersey, has a long-standing history that dates back to 1928. It operates as a nationwide distributor of various energy products, including propane, renewable propane, and fuel oil. The company serves a diverse customer base, including approximately one million residential, commercial, governmental, industrial, and agricultural clients across 42 states from nearly 700 locations. With such an extensive reach, the company plays a vital role in meeting energy needs throughout the United States.

The company emphasizes its three core values that uphold its commitment to excellence:
1. Suburban Commitment: This reflects Suburban Propane's nearly century-long legacy and dedication to providing dependable customer service. The company focuses on flexibility and reliable service to meet customer energy needs.
2. SuburbanCares: Through this initiative, Suburban Propane demonstrates its commitment to community involvement, actively giving back to local communities where it operates.
3. Go Green with Suburban Propane: The company champions the use of sustainable energy solutions, highlighting the advantages of propane and renewable propane as vital components in bridging to a greener energy future.

As a publicly traded master limited partnership (MLP), Suburban Propane continues to demonstrate its resilience in a competitive energy market. The declared distributions, alongside the company's commitment to growth and community impact, signal confidence in their operational strategy and financial outlook.

For more information on Suburban Propane Partners and their commitment to service and sustainability, interested parties are encouraged to visit their website at www.suburbanpropane.com. Investors and stakeholders are likely to keep a close eye on future announcements as Suburban Propane continues its efforts to innovate and lead in the energy industry.

In summary, the announced quarterly distribution serves not only as a financial indicator but also as a testament to Suburban Propane's dedication to its shareholders and commitment to sustainable energy solutions. As the company looks forward to further developments in the energy sector, its focus remains on delivering value and reliability to its customers and investors alike.