The following is a summary of the Suburban Propane Partners, L.P. Common Units (SPH) Q4 2024 Earnings Call Transcript:

Financial Performance:

• Adjusted EBITDA for fiscal 2024 was $250 million compared to $275 million in the prior year, indicating a decrease.

• Retail propane gallons sold in fiscal 2024 were 378 million gallons, a decrease of 4.6% compared to the prior year, largely due to warmer weather impacting heating demand.

• Net income for fiscal 2024 was $107.7 million, down from $138.4 million in the prior year.

Business Progress:

• Advanced RNG production with increased output and ongoing construction of new facilities.

• Expanded core propane business through strategic acquisitions and market expansions.

• Secured additional contracts for renewable propane and invested in lower carbon energy solutions.

Opportunities:

• Expansion in renewable energy projects and renewable propane sales eligible for production tax credits starting January 2025.

• Strategic acquisitions to grow the core propane business in expanding markets like New Mexico and Arizona.

Risks:

• Challenges due to unseasonably warm weather resulting in decreased heating-related demand for propane.

• Considerable effects from hurricanes disrupting operations but met with effective emergency response.

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