Suburban Propane Partners, L.P. Announces Quarterly Distribution of \$0.325 per Common Unit

Whippany, New Jersey, April 23, 2026 – Suburban Propane Partners, L.P. (NYSE: SPH), a leading, nationwide distributor of propane and related energy solutions, has declared a quarterly distribution of \$0.325 per common unit for the three months ended March 28, 2026. This quarterly distribution represents an annualized rate of \$1.30 per common unit, a key figure for income-focused investors tracking yield and long-term return on investment.

Key Details for Shareholders

• Distribution Payment Date: The declared distribution is payable on May 12, 2026, to common unitholders of record as of May 5, 2026.
• Tax Notice for Foreign Investors: The entire distribution is considered income that is effectively connected with a U.S. trade or business. 100% of Suburban Propane Partners, L.P.’s distributions to foreign investors are subject to U.S. federal income tax withholding at the highest applicable effective tax rate, with no exceptions. This could have a significant tax impact for non-U.S. investors, affecting net returns.
• Withholding Agent Responsibility: Brokers and nominees are designated as withholding agents and are responsible for withholding distributions received on behalf of foreign investors.
• Amount Realized and Excess Distribution: Under Treasury Regulation 1.1446(f)-4(c)(2)(iii), 100% of the distribution exceeds cumulative net income, which is a notable point for tax reporting and planning.

About Suburban Propane Partners, L.P.

Suburban Propane Partners, L.P. is a publicly traded master limited partnership (MLP), listed on the New York Stock Exchange and headquartered in Whippany, New Jersey. With a history dating back to 1928, the Company services the energy needs of approximately 1 million customers across the residential, commercial, governmental, industrial, and agricultural sectors. Its reach extends through about 750 locations across 42 states.

The Company’s product and service offerings include propane, renewable propane, renewable natural gas (RNG), fuel oil, and related products and services. Additionally, Suburban Propane acts as a marketer of natural gas and electricity and is also a producer and investor in low-carbon fuel alternatives, underlining its commitment to energy transition and sustainability.

Strategic Pillars and Initiatives

• Suburban Commitment: Emphasizes a legacy of nearly 100 years, with a focus on dependability, flexibility, and reliability in customer service.
• SuburbanCares: Highlights ongoing contributions and engagement with local communities nationwide, showing a clear dedication to social responsibility.
• Go Green with Suburban Propane: Promotes the clean-burning, versatile nature of propane and renewable propane, positioning the company as a bridge to a greener energy future through investments in innovative, renewable energy alternatives.

For more information, investors can visit www.suburbanpropane.com.

Potential Price-Sensitive Factors

• Stable Distribution: The maintenance of a \$0.325 per unit quarterly distribution (annualized to \$1.30) signals ongoing confidence in the partnership’s cash flow and operational stability, which is a critical support for the share price, especially for income-driven investors.
• Tax Implications for Foreign Investors: The explicit statement that all distributions are subject to the highest U.S. tax withholding rates for foreign investors may impact the attractiveness of SPH units to international investors, potentially influencing demand and market price.
• Excess Distribution Over Net Income: Highlighting that 100% of the distribution exceeds cumulative net income could prompt investor scrutiny regarding the sustainability of distributions and the underlying earnings power of the business, which could affect share valuation.

Conclusion

Suburban Propane Partners, L.P.’s announcement reinforces its ongoing commitment to returning cash to shareholders and highlights its strategic focus on operational excellence, social responsibility, and the energy transition. The clarity around tax treatment for foreign investors and the excess of distribution over net income are noteworthy for all stakeholders and could influence investment decisions and share price performance in the near term.

Disclaimer: This article is intended for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence or consult a financial advisor before making investment decisions. The information provided is based on the latest public disclosures from Suburban Propane Partners, L.P. as of April 23, 2026, and may be subject to change.

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