Suburban Propane Partners LP SPH US Equity
Suburban Propane Partners LP (NYSE: SPH), an SEC filer in Retail-Miscellaneous Retail, closed at $17.63, +0.3%, on 2026-08-28, with a market cap of $1.2B as of 2026-08-27, a trailing P/E of 10.8, a net margin of 7.4% and 3-year sales growth of -1.6%. Institutional ownership, earnings history and filed financials are on the tabs below.
Legal & controls
Item 3 and Item 9A as filed · every verdict is the registrant’s own sentence, printed below it · a filing that fails an extraction gate reads “not extracted”
| Fiscal year | Filed | Item 3 | ICFR | disclosure controls | material weakness | Filing |
|---|---|---|---|---|---|---|
| 2025-09-27 | 2025-11-26 | described here | effective | effective | none in Item 9A | EDGAR |
Item 3 · Our operations are subject to operating hazards and risks normally incidental to handling, storing and delivering combustible liquids such as propane. We have been, and will continue to be, a defendant in various legal proceedings and litigation as a result of these operating hazards and risks, and as a result of other aspects of our business. Although any litigation is inherently uncertain, based on past experience, the information currently available to us, and the amount of our accrued insurance liabilities, we do not believe that currently pending or threatened litigation matters, or known claims or known contingent claims, will have a material adverse effect on our results of operations, financial condition or cash flow. Item 9A · ICFR · Based on the Partnership’s assessment, as described above, management has concluded that, as of September 27, 2025, the Partnership’s internal control over financial reporting was effective. Item 9A · disclosure controls · Based on this evaluation, the Partnership’s principal executive officer and principal financial officer concluded that as of September 27, 2025, such disclosure controls and procedures were effective to provide the reasonable assurance level described above. | ||||||
| 2024-09-28 | 2024-11-27 | described here | effective | effective | none in Item 9A | EDGAR |
Item 3 · Our operations are subject to operating hazards and risks normally incidental to handling, storing and delivering combustible liquids such as propane. We have been, and will continue to be, a defendant in various legal proceedings and litigation as a result of these operating hazards and risks, and as a result of other aspects of our business. Our natural gas and electricity business was sued in a putative class action suit in the Northern District of New York. The complaint alleged a number of claims under various consumer statutes and common law in New York and Pennsylvania regarding pricing offered to electricity customers in those states. The case was dismissed by the district court and the dismissal was affirmed by the Second Circuit Court of Appeals in December 2023. Although any litigation is inherently uncertain, based on past experience, the information currently available to us, and the amount of our accrued insurance liabilities, we do not believe that currently pending or threatened litigation matters, or known claims or known contingent claims, will have a material adverse effect on our results of operations, financial condition or cash flow. Item 9A · ICFR · Based on the Partnership’s assessment, as described above, management has concluded that, as of September 28, 2024, the Partnership’s internal control over financial reporting was effective. Item 9A · disclosure controls · Based on this evaluation, the Partnership’s principal executive officer and principal financial officer concluded that as of September 28, 2024, such disclosure controls and procedures were effective to provide the reasonable assurance level described above. | ||||||
| 2023-09-30 | 2023-11-22 | described here | effective | effective | none in Item 9A | EDGAR |
Item 3 · Our operations are subject to operating hazards and risks normally incidental to handling, storing and delivering combustible liquids such as propane. We have been, and will continue to be, a defendant in various legal proceedings and litigation as a result of these operating hazards and risks, and as a result of other aspects of our business. In this regard, our natural gas and electricity business was sued in a putative class action suit in the Northern District of New York. The complaint alleged a number of claims under various consumer statutes and common law in New York and Pennsylvania regarding pricing offered to electricity customers in those states. The case was dismissed in part by the district court, but causes of action based on the New York consumer statute and breach of contract were allowed to proceed. On April 12, 2022, the court granted summary judgment in favor of the Partnership on the remaining counts and the complaint was dismissed in full. The plaintiff has filed an appeal to the Second Circuit Court of Appeals. The matter has been fully briefed, argued, and a decision is pending. While we believe that the appeal is without merit, we are unable to predict at t… Item 9A · ICFR · Based on the Partnership’s assessment, as described above, management has concluded that, as of September 30, 2023, the Partnership’s internal control over financial reporting was effective. Item 9A · disclosure controls · Based on this evaluation, the Partnership’s principal executive officer and principal financial officer concluded that as of September 30, 2023, such disclosure controls and procedures were effective to provide the reasonable assurance level described above. | ||||||
| 2022-09-24 | 2022-11-23 | described here | effective | effective | none in Item 9A | EDGAR |
Item 3 · Our operations are subject to operating hazards and risks normally incidental to handling, storing and delivering combustible liquids such as propane. We have been, and will continue to be, a defendant in various legal proceedings and litigation as a result of these operating hazards and risks, and as a result of other aspects of our business. In this regard, our natural gas and electricity business was sued in a putative class action suit in the Northern District of New York. The complaint alleged a number of claims under various consumer statutes and common law in New York and Pennsylvania regarding pricing offered to electricity customers in those states. The case was dismissed in part by the district court, but causes of action based on the New York consumer statute and breach of contract were allowed to proceed. On April 12, 2022, the court granted summary judgment in favor of the Partnership on the remaining counts and the complaint was dismissed in full. The plaintiff has filed an appeal to the Second Circuit Court of Appeals. We believe that the appeal is without merit. Although any litigation is inherently uncertain, based on past experience, the information currently avai… Item 9A · ICFR · Based on the Partnership’s assessment, as described above, management has concluded that, as of September 24, 2022, the Partnership’s internal control over financial reporting was effective. Item 9A · disclosure controls · Based on this evaluation, the Partnership’s principal executive officer and principal financial officer concluded that as of September 24, 2022, such disclosure controls and procedures were effective to provide the reasonable assurance level described above. | ||||||
| 2021-09-25 | 2021-11-24 | described here | effective | effective | none in Item 9A | EDGAR |
Item 3 · Our operations are subject to operating hazards and risks normally incidental to handling, storing and delivering combustible liquids such as propane. We have been, and will continue to be, a defendant in various legal proceedings and litigation as a result of these operating hazards and risks, and as a result of other aspects of our business. In this regard, our natural gas and electricity business is currently a defendant in a putative class action suit in the Northern District of New York. The complaint alleges a number of claims under various consumer statutes and common law in New York and Pennsylvania regarding pricing offered to electricity customers in those states. The complaint was dismissed in part by the district court, but causes of action based on the New York consumer statute and breach of contract were allowed to proceed. Based on the nature of the allegations under this suit, we believe that the suit is without merit and we are defending against it vigorously. Accordingly, we have determined, based on the allegations and discovery to date in the suit, that no reserve for a loss contingency is required. We are unable to reasonably estimate the possible loss or range… Item 9A · ICFR · Based on the Partnership’s assessment, as described above, management has concluded that, as of September 25, 2021, the Partnership’s internal control over financial reporting was effective. Item 9A · disclosure controls · Based on this evaluation, the Partnership’s principal executive officer and principal financial officer concluded that as of September 25, 2021, such disclosure controls and procedures were effective to provide the reasonable assurance level described above. | ||||||
5 of 5 annual reports on record have their filing text cached on this host; the rest are listed with their EDGAR link and no extraction, because this surface never fetches from SEC on a page load.
- Item 3 and Item 9A are located in the filing HTML already cached on this host and read with the same line-anchored item matcher and largest-gap body disambiguation the filing-narrative pass uses for Item 1A and Item 7 — no fetch, no model, no summarization.
- A heading is accepted as a section only when it is not a table-of-contents row (a trailing page number), not a quoted reference in prose, and names its own section; the span must then clear a per-item length band and carry readable text after the heading. Anything that fails a gate is served as 'not extracted' with the reason — never as a default value.
- An effectiveness conclusion is read only from a sentence that names its own control set (disclosure controls and procedures, or internal control over financial reporting) and states an outcome. Conditional sentences — the standard limitations paragraph and forward-looking remediation language — are excluded, because they are hypotheses rather than conclusions.
- When a filing's own sentences disagree — an effective conclusion beside an unremediated material-weakness disclosure, or two conclusions of opposite sign — no verdict is asserted. A wrong 'controls were effective' reading is worse than no reading.
- Every verdict is shown beside the verbatim sentence it was read from. The excerpt is the filing's own words, capped at 1,200 characters; the filing itself is one link away.