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SUBURBAN PROPANE PARTNERS LP

For the period ended Sep 28, 2024. Filed Nov 27, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Nov 27, 2024

SPH$17.27+0.5%Stored close · as of Nov 9, 2026

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Contents

Item 2. PROPERTIES

As of September 28, 2024, we owned approximately 74% of our customer service center and satellite locations and leased the balance of our retail locations from third parties. We own and operate a 22 million gallon refrigerated, above ground propane storage facility in Elk Grove, California. Additionally, we own our principal executive offices located in Whippany, New Jersey.

The transportation of propane requires specialized equipment. The trucks and railroad tank cars utilized for this purpose carry specialized steel tanks that maintain the propane in a liquefied state. As of September 28, 2024, we had a fleet of 9 transport truck tractors, of which we owned 3, and 33 railroad tank cars, of which we owned none. In addition, as of September 28, 2024 we had 1,108 bobtail and rack trucks, of which we owned 8%, 94 fuel oil tankwagons, of which we owned 13%, and 1,236 other delivery and service vehicles, of which we owned 19%. We lease the vehicles we do not own. As of September 28, 2024, we also owned approximately 812,000 customer propane storage tanks with typical capacities of 100 to 500 gallons, 53,000 customer propane storage tanks with typical capacities of over 500 gallons and 232,000 portable propane cylinders with typical capacities of five to ten gallons.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.