Suburban Propane Partners, L.P. announced unaudited consolidated earnings results for the second quarter and six months ended March 30, 2013. For the quarter, the company reported total revenues of $678,426,000 compared with $357,626,000 for the same period a year ago. Operating income was $155,645,000 compared with $56,125,000 for the same period a year ago. Income before provision for income taxes was $131,302,000 compared with $49,193,000 for the same period a year ago. Net income was $131,152,000 or $2.28 per diluted share compared with $49,573,000 or $1.38 per diluted share for the same period a year ago. Adjusted EBITDA was $190,668,000 compared with $65,852,000 for the same period a year ago. Maintenance capital expenditures was $2,404,000 compared with $3,366,000 for the same period a year ago. Growth capital expenditures was $3,729,000 compared with $596,000 for the same period a year ago. Net cash provided by operating activities was $72,426,000 compared with $42,371,000 for the same period a year ago. For the six months, the company reported total revenues of $1,169,129,000 compared with $657,512,000 for the same period a year ago. Operating income was $240,121,000 compared with $86,415,000 for the same period a year ago. Income before provision for income taxes was $191,222,000 compared with $72,645,000 for the same period a year ago. Net income was $190,940,000 or $3.33 per diluted share compared with $72,805,000 or $2.03 per diluted share for the same period a year ago. Adjusted EBITDA was $307,117,000 compared with $104,975,000 for the same period a year ago. Maintenance capital expenditures was $3,838,000 compared with $5,227,000 for the same period a year ago. Growth capital expenditures was $9,056,000 compared with $4,140,000 for the same period a year ago. Net cash provided by operating activities was $133,963,000 compared with $17,048,000 for the same period a year ago.

Suburban Propane Partners, L.P., Q2 2013 Earnings Call, May 09, 2013

Suburban Propane Partners, L.P. announced that its Board of Supervisors declared a quarterly distribution of $0.8750 per Common Unit for the three months ended March 30, 2013. This quarterly distribution rate equates to an annualized rate of $3.50 per Common Unit. The distribution is payable on May 14, 2013 to Common Unitholders of record as of May 7, 2013.