Suburban Propane Partners, L.P. Declares $0.05 per Common Unit Increase in Annualized Distribution Rate to $3.10 per Common Unit

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Suburban Propane Partners, L.P. Declares $0.05 per Common Unit Increase in Annualized Distribution Rate to $3.10 per Common Unit

    WHIPPANY, N.J., April 24 /PRNewswire-FirstCall/ -- Suburban Propane
Partners, L.P. (NYSE: SPH), a distributor of propane gas, fuel oil and
related products and services, as well as a marketer of natural gas and
electricity, today announced that its Board of Supervisors declared the
seventeenth increase (since the Partnership's recapitalization in 1999) in
the Partnership's quarterly distribution from $0.7625 to $0.775 per Common
Unit for the three months ended March 29, 2008. The distribution equates to
$3.10 per Common Unit annualized, an increase of $0.05 per Common Unit from
the previous distribution rate, and a growth rate of 10.7% since the second
quarter of fiscal 2007. The distribution at this increased rate is payable
on May 13, 2008 to Common Unitholders of record as of May 6, 2008.

    In announcing the increase in the distribution rate, Chief Executive
Officer Mark A. Alexander said, "We are very pleased to deliver our eighth
consecutive quarterly distribution increase to our Unitholders, which
represents nearly 11% growth year-over-year. This latest increase is
particularly satisfying given the continued challenging operating
environment facing the industry as a result of high energy prices. With our
financial strength, efficient operating platform and flexible cost
structure, we are excited about the future prospects for continuing to
deliver sustainable, profitable growth."

    Suburban Propane Partners, L.P. is a publicly traded Master Limited
Partnership listed on the New York Stock Exchange. Headquartered in
Whippany, New Jersey, Suburban has been in the customer service business
since 1928. The Partnership serves the energy needs of approximately
1,000,000 residential, commercial, industrial and agricultural customers
through approximately 300 locations in 30 states.

SOURCE Suburban Propane Partners, L.P.

http://suburbanpropane.com

http://www.prnewswire.com/comp/112074.html/
CONTACT:
Michael Stivala, Chief Financial Officer &
Chief Accounting Officer of Suburban Propane Partners, L.P.,
+1-973-503-9252