Suburban Propane Partners, L.P. Declares Increase in Annualized Distribution Rate...

Suburban Propane Partners, L.P. Declares Increase in Annualized Distribution
Rate to $3.22 per Common Unit

WHIPPANY, N.J., Oct. 23 /PRNewswire-FirstCall/ -- Suburban Propane Partners,
L.P. (NYSE: SPH), a nationwide 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
nineteenth increase (since the Partnership's recapitalization in 1999) in the
Partnership's quarterly distribution from $0.80 to $0.805 per Common Unit for
the three months ended September 27, 2008. The distribution equates to $3.22
per Common Unit annualized, an increase of $0.02 per Common Unit from the
previous distribution rate, and a growth rate of 7.3% compared to the fourth
quarter of fiscal 2007. The distribution at this increased rate is payable on
November 10, 2008 to Common Unitholders of record as of November 3, 2008.

In announcing the increase in the distribution rate, Chief Executive Officer
Mark A. Alexander said, "We are extremely pleased to declare our tenth
consecutive increase in our quarterly distribution, which equates to an
annualized rate of $3.22 per Common Unit and which represents more than 7%
growth over the prior year fourth quarter. In the midst of the current
financial crisis, our financial position is stronger and more stable than
ever. In fact, we ended fiscal 2008 with more than $137.0 million of cash on
hand, thus providing sufficient liquidity to fund our ongoing operations
without an immediate need to access the capital markets. Our strong financial
structure, coupled with the improvements made to our operating platform over
the past several years, puts us in an excellent position to continue
delivering sustainable, profitable growth to our valued Unitholders."

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.

Michael Stivala, Chief Financial Officer & Chief Accounting Officer of
Suburban Propane Partners, L.P., +1-973-503-9252