Suburban Propane Partners, L.P.

Suburban Propane Partners, L.P.

SPH
Suburban Propane Partners, L.P.US flagNew York Stock Exchange
19.01
USD
-0.27
- -
1.26BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
29.18
32.05
23.36
17.16
19.4
21.84
20.45
17.78
20.55
23.75
22.39
20.64
22
21.11
Basic EPS, GAAP
1.35
1.56
1.39
0.24
0.62
1.24
1.11
0.98
1.96
2.21
1.94
1.15
1.64
2.02
Free Cash Flow per Basic Share
3.67
3.73
5.35
2.58
2.68
3.42
3.66
3.36
3.61
3.49
3.53
2.5
2.86
3.12
Dividend per Share
3.45
3.49
3.51
3.54
3.54
2.39
2.39
2.09
1.22
1.29
1.29
1.29
1.29
1.29
Book Value per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Tangible Book Value per Share
-6.42
-7.03
-8.19
-10.87
-12.44
-12.59
-12.95
-13.25
-11.49
-10.38
-10.7
-10.55
-9.89
-7.71
Basic Weighted Avg Shares
58
60
61
61
61
62
62
62
63
63
64
64
65
66
Sales/Revenue/Turnover
1,704
1,938
1,417
1,046
1,188
1,344
1,268
1,108
1,289
1,501
1,429
1,327
1,433
1,393
Operating Margin (%)
10.39
9.81
12.54
7.71
10.83
12.11
11.9
12.66
16.55
13.74
14.47
12.9
14.4
15.39
Depreciation Expense
130
136
133
130
128
125
121
117
105
59
63
67
72
70
Net Income, GAAP
79
95
84
14
38
77
69
61
123
140
124
74
107
133
Effective Tax Rate (%)
0.76
0.81
0.82
3.91
1.19
- -
1.23
- -
0.9
0.31
0.54
0.98
1.25
0.85
Profit Margin (%)
4.63
4.88
5.95
1.38
3.2
5.69
5.41
5.48
9.53
9.3
8.66
5.59
7.44
9.57
Working Capital
59
73
63
-58
-71
-61
-93
-129
-107
-132
-144
-149
-137
20
LT Debt
1,245
1,243
1,241
1,225
1,272
1,255
1,227
1,303
1,217
1,181
1,297
1,314
1,295
1,334
Total Equity
1,129
1,021
898
708
553
494
424
362
425
498
546
547
599
744
Return on Invested Capital (%)
7.2
8.16
8.03
3.81
6.77
- -
8.78
- -
12.59
12.19
11.5
9.01
10.68
10.15
Return on Capital (%)
13.01
14.24
12.99
7.02
9
- -
11.63
- -
14.77
16.27
15.47
11.05
13.58
14.94
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'26
Mar'26
ST Debt
34
33
31
LT Borrowings
1,212
1,323
1,259
LT Finance Leases
84
80
75
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
66
66
66
Market Capitalization
1,215
1,216
1,300

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'26
Mar'26
Total Current Assets
166
236
267
Cash, Cash Equivalents & STI
- -
1
4
Accounts Receivable, Net
69
129
148
Inventories
74
69
64
Total Current Liabilities
303
273
248
Payables & Accruals
72
48
45
ST Debt
34
33
31
Deferred Revenue
122
105
63

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-2.87%
10.74%
9.42%
Free Cash Flow
-2.38%
-1%
15.99%
Net Income, GAAP
26.8%
21.62%
43.68%
Sales/Revenue/Turnover
1.11%
5.76%
7.94%
Total Cash Common Dividend
-7.33%
-6.29%
1.31%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
366
498
255
209
1,327
2025
373
588
260
211
1,433
2026
370
551
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.38
1.73
-0.27
-0.69
1.15
2025
0.3
2.11
-0.23
-0.53
1.64
2026
0.69
2.07
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.32
0.32
0.32
0.32
1.29
2025
0.32
0.32
0.32
0.32
1.29
2026
0.32
0.32
- -
- -
- -

Company Description

APIChat
CEO
Michael A. Stivala
Full Time Employees
3,098
Sector
Utilities
Industry
Regulated Gas
Address
240 Route 10 West Whippany NJ United States of America 07981-0206
IPO Date
Feb 29, 1996
Business
Suburban Propane Partners, L.P. (NYSE: SPH) is a nationwide marketer and distributor of energy-related products, specializing in the retail marketing and distribution of propane, renewable propane, renewable natural gas, fuel oil, and refined fuels to residential, commercial, industrial, and agricultural customers. The company offers related services including installation and maintenance of propane tanks and equipment; sales of appliances and related products; HVAC installation and maintenance; natural gas and electricity marketing in deregulated markets; and customized energy solutions such as energy efficiency plans and renewable energy options. Founded in 1928 and headquartered in Whippany, New Jersey, Suburban Propane Partners, L.P. operates through approximately 700 locations across 42 states, serving about 1 million customers with a workforce of more than 3,300 full-time employees. In recent years, the company has pursued strategic growth through acquisitions, including a propane business in New Mexico and Arizona for $53.0 million in fiscal 2025 and two high-quality propane operations in California for $24.0 million shortly thereafter; it also established Suburban Renewable Energy, LLC as a dedicated subsidiary to develop a renewable energy platform focused on low-carbon fuels. Additional developments include entering a multi-year partnership with NASCAR, creating a dedicated sales team for less weather-sensitive propane verticals, launching an at-the-market equity program raising $23.5 million to fund growth and debt reduction, and advancing renewable natural gas production facilities with $27.0 million in capital expenditures. These initiatives support retail propane volume growth to 400.5 million gallons in fiscal 2025, up 5.9% from the prior year, driven by weather demand, storm-related needs, national accounts expansion, and acquisition contributions.

Company News

APIChat
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  • Suburban Propane Partners, L.P. Common Units (SPH) Q1 2026 Earnings Call Transcript

  • Suburban Propane Partners, L.P. Announces First Quarter Results

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  • Suburban Propane Partners, L.P. Announces Executive Level Promotion

  • Suburban Propane Partners, L.P. Declares Quarterly Distribution of $0.325 per Common Unit

  • Suburban Propane Partners, L.P. to Hold Fiscal 2026 First Quarter Results Conference Call

  • Osaic Holdings Inc. Grows Stock Position in Suburban Propane Partners, L.P. $SPH

  • Suburban Propane Partners, L.P. Announces Completion of $350,000,000 Issuance of 6.500% Senior Notes due 2035