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Suburban Propane Partners, L.P.
SPH · Price history
Price at last available close
$17.98
+$1.54 (+9.37%) 1M
2026-10-30
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Company & revenue
About Suburban Propane Partners, L.P.
Primary reporting period: 2025-09-27 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Suburban Propane Partners, L. P. is a nationwide marketer and distributor of a diverse array of energy-related products, specializing in propane, fuel oil and refined fuels.
How they make money
Suburban Propane Partners, L.P. generates revenue primarily through the retail marketing and distribution of propane, fuel oil, and refined fuels to residential, commercial, industrial, and agricultural customers. The company also markets natural gas and electricity, operating through a network of customer service centers that provide energy products and related services to customers in suburban and rural areas where natural gas infrastructure is often unavailable.
Products & services
Retail distribution of propane, renewable propane, fuel oil, and refined fuels; marketing of natural gas and electricity; and related appliance installation and maintenance services.
Brands & revenue mix
Primary brand for retail propane and energy services.
Separate brand revenue is not available in this research.Source
Brand used for natural gas and electricity marketing operations.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer concentration
The company does not rely on any single customer for a material portion of its total revenues, as its customer base is highly diversified across approximately 950,000 customers as of September 27, 2025.
Suppliers, materials & equipment
- Propane and refined fuel wholesalers — The company purchases propane and refined fuels from various major energy suppliers and wholesalers.Source
Business relationships & partnerships
Strengths
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
34
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
48
Weak
Financial Strength
63
Business Quality / Moat
30
Management
60
Growth Quality
22
Risk / Durability
67
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
35
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
41/100
Building Historical Record
Model Score 41/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
No strong positive signal is being highlighted from the currently available summary data.
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Asset quality is a weaker factor
Company-specific research
Questions worth answering for SPH
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •What is driving SPH's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
- •Is SPH's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Is SPH's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What future growth or profitability would be needed to justify SPH's current valuation?
Essential Investment Snapshot
Wall Street Score
34
Opportunity Score
35
Market Cap
$1.19B
P/E Ratio
8.8
EPS
$1.97
52-Week High
$20.80
52-Week Low
$16.25
Beta
0.39
Intrinsic Value
$16.75
Analyst Target
$21.00
Shares Outstanding
65.6M
Total Revenue
$1.39B
Total Debt
$1.33B
Reported Dividend Yield
7.33%
Liquidation Value / Share
$10.87
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Neutral / mixed momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for SPH
Detected from reported data — verify before acting.Dividend history reported
The provider reports a dividend yield. Confirm the latest declaration before treating it as a current payment.
Community Sentiment
0 active · 0 total callsNo personal call yet on SPH.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Extensive geographic footprint in suburban and rural markets.
- +Long-standing operational history since 1928.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Oil & Gas Energy industry.
- −Sensitivity to weather conditions affecting demand.
- −Fluctuations in wholesale commodity prices.
- −Regulatory and environmental compliance requirements.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
3 historical score records availablePrevious Score
35
Oct 1, 2026
Change
-1.4
points
Current Score
34
Oct 22, 2026
Category Changes
SPH decreased 1.4 points because Capital declined by 3 points, Valuation declined by 4 points.
Negative Contributors
- − Capital declined by 3 points
- − Valuation declined by 4 points
Projected Score
Projected Score
34
Projected Change
+0.4 points
Preliminary comparable-period financial changes suggest improvement of approximately 0.4 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Near Fair ValueCurrent Price
$17.96
Model Intrinsic Value
$16.75
Difference
+$1.21
+7.3% vs IV
Margin of Safety
-7.3%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.39B | $1.43B | $1.33B | $1.43B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $946.0M | $1.13B | $522.2M | $1.07B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $448.4M | $302.7M | $805.0M | $361.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $95.2M | $96.4M | $89.9M | $91.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $236.9M | $96.4M | $633.7M | $154.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $275.6M | $256.2M | $216.5M | $260.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $211.5M | $206.3M | $171.3M | $206.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $75.5M | $76.3M | $74.6M | $73.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $131.7M | $107.9M | $74.9M | $124.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $1.1M | $1.3M | $734K | $668K | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $130.7M | $106.6M | $74.2M | $123.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $1.97 | $1.64 | $1.15 | $1.94 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 66.51M | 65.11M | 64.31M | 63.84M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 66.51M | 65.59M | 64.84M | 64.44M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$261.4M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.26
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-1.5%
Cash Change
+8.7%
Margin Change
-1.0 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Cash position grew
- Debt reduced
What Weakened
- Margins contracted
Potential Score Impact
Positive indicators included revenue growth, EPS growth, cash levels, debt levels. Pressure indicators included net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 0.5%. EPS increased 13.0%. Cash increased 8.7%. Total debt declined 1.5%. Net income margin declined by 1.0 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
A dividend is reported, but detailed payment history is temporarily unavailable or awaiting refresh.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
3 historical recordsHistorical Score Chart
3 of 3 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
Oil & Gas EnergyNews
Suburban Propane Partners, L.P. Declares Increase in Annualized Distribution Rate to $1.40 per Common Unit
Suburban Propane Partners, L.P. to Hold Fiscal 2026 Full Year and Fourth Quarter Results Conference Call
Head to Head Survey: Southwest Gas (NYSE:SWX) vs. Suburban Propane Partners (NYSE:SPH)
Comparing Suburban Propane Partners (NYSE:SPH) & GAIL (India) (OTCMKTS:GAILF)
Rumor Mill · SPH
Corporate developments & opportunities
No reviewed developments match this filter.
The reliability percentage measures the strength of the supporting evidence—not the probability that the event will occur or that the stock will rise. Rumor Mill is separate from the WSS score.
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