Suburban Propane Partners, L.P. (SPH)

US — Utilities Sector

Peers: ETI WTTR EAI MSEX EDN HTO NWN NEP UTL RGCO

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Key Metrics & Ratings

symbol SPH
Rev/Share 15.9856
Book/Share 9.0338
PB 2.2283
Debt/Equity 2.2216
CurrentRatio 0.5491
ROIC 0.1052

MktCap 1331746650.0
FreeCF/Share 1.725
PFCF 11.6517
PE 10.0338
Debt/Assets 0.5791
DivYield 0.0646
ROE 0.216

Rating C+
Score 2
Recommendation Sell
P/E Score 4
DCF Score 4
P/B Score 1
D/E Score 1

Recent Analyst Ratings

Type	Ticker	Analyst Firm	Previous Rating	Current Rating	Previous Price Target	Current Price Target	Date
Downgrade	SPH	Wells Fargo	Equal Weight	Underweight	--	$17	Aug. 30, 2024

News

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

SPH
Published: February 05, 2026 by: Seeking Alpha
Sentiment: Neutral

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

2 Highest Yielding Quality MLPs To Include In Retirement Portfolios

AMLP, BIZD, DKL, ENB, EPD, ET, HESM, KMI, MPLX, PAA, PDI, PFFA, QQQI, SPH, TRP, USAC, WES
Published: January 26, 2026 by: Seeking Alpha
Sentiment: Positive

Midstream MLPs offer high single-digit yields with strong defensive characteristics, making them attractive for retirement income portfolios. The yield-to-risk ratio in MLPs is compelling, even compared to my other favorite yield plays such as BDCs, covered call, and leveraged CEFs. In the article I elaborate on two highest-yielding MLPs, which are de-risked enough to meet the durable income criteria.

image for news 2 Highest Yielding Quality MLPs To Include In Retirement Portfolios

Boomers Are Flocking to These 3 Utility Stocks for Yields Above 6%

NPIFF, SGU, SPH
Published: November 28, 2025 by: 24/7 Wall Street
Sentiment: Positive

Utilities stocks have turned into a refuge for investors as the negative catalysts hitting the market don't impact them as much.

image for news Boomers Are Flocking to These 3 Utility Stocks for Yields Above 6%

Suburban Propane Partners, L.P. Annual Report Available Online

SPH
Published: November 26, 2025 by: PRNewsWire
Sentiment: Neutral

WHIPPANY, N.J. , Nov. 26, 2025 /PRNewswire/ -- Suburban Propane Partners, L.P.

image for news Suburban Propane Partners, L.P. Annual Report Available Online

Suburban Propane Partners, L.P. Common Units (SPH) Q4 2025 Earnings Call Prepared Remarks Transcript

SPH
Published: November 13, 2025 by: Seeking Alpha
Sentiment: Neutral

Suburban Propane Partners, L.P. Common Units ( SPH ) Q4 2025 Earnings Call November 13, 2025 9:00 AM EST Company Participants A.

image for news Suburban Propane Partners, L.P. Common Units (SPH) Q4 2025 Earnings Call Prepared Remarks Transcript

Suburban Propane Partners, L.P. Common Units (SPH) Q3 2025 Earnings Call Transcript

SPH
Published: August 07, 2025 by: Seeking Alpha
Sentiment: Neutral

Suburban Propane Partners, L.P. Common Units (NYSE:SPH ) Q3 2025 Earnings Conference Call August 7, 2025 9:00 AM ET Company Participants A.

image for news Suburban Propane Partners, L.P. Common Units (SPH) Q3 2025 Earnings Call Transcript

Suburban Propane Named Title Sponsor of "Track to Table" at Sonoma Raceway Benefiting Speedway Children's Charities

SPH
Published: July 11, 2025 by: PRNewsWire
Sentiment: Neutral

WHIPPANY, N.J. and SONOMA, Calif.

image for news Suburban Propane Named Title Sponsor of "Track to Table" at Sonoma Raceway Benefiting Speedway Children's Charities

Suburban Propane: Secular Challenges And Excess Debt Are Problematic

SPH
Published: May 09, 2025 by: Seeking Alpha
Sentiment: Negative

Suburban Propane (SPH) has struggled with excess debt and limited demand growth, resulting in distribution cuts and my cautious outlook on valuation. Despite a favorable Q1 environment, SPH's long-term volume growth is expected to be flat to slightly negative due to rising temperatures and competition. The company is issuing equity to accelerate debt reduction, but distribution increases are unlikely in the next 2-4 years.

image for news Suburban Propane: Secular Challenges And Excess Debt Are Problematic

Suburban Propane Partners, L.P. Announces Second Quarter Results

SPH
Published: May 08, 2025 by: PRNewsWire
Sentiment: Neutral

WHIPPANY, N.J. , May 8, 2025 /PRNewswire/ -- Suburban Propane Partners, L.P.

image for news Suburban Propane Partners, L.P. Announces Second Quarter Results

About Suburban Propane Partners, L.P. (SPH)

IPO Date 1996-02-29
Website https://www.suburbanpropane.com
Industry Regulated Gas
CEO Michael A. Stivala
Employees 3098

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, fuel oil, and refined fuels. The company operates in four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other. The Propane segment is involved in the retail distribution of propane to residential, commercial, industrial, and agricultural customers, as well as in the wholesale distribution to industrial end users. It offers propane primarily for space heating, water heating, cooking, and clothes drying in the residential and commercial markets; for use as a motor fuel in internal combustion engines to power over-the-road vehicles, forklifts, and stationary engines, as well as to fire furnaces, as a cutting gas to the industrial customers, and in other process applications; and for tobacco curing, crop drying, poultry brooding, and weed control in the agricultural markets. The Fuel Oil and Refined Fuels segment engages in the retail distribution of fuel oil, diesel, kerosene, and gasoline to residential and commercial customers for use primarily as a source of heat in homes and buildings. The Natural Gas and Electricity segment markets natural gas and electricity to residential and commercial customers in the deregulated energy markets in New York and Pennsylvania. The All Other segment sells, installs, and services a range of home comfort equipment, including whole-house heating products, air cleaners, humidifiers, and space heaters. As of September 25, 2021, the company served approximately 1.0 million residential, commercial, industrial, and agricultural customers through 700 locations in 41 states primarily in the east and west coast regions of the United States, as well as portions of the Midwest region of the United States and Alaska. Suburban Energy Services Group LLC serves as a general partner of Suburban Propane Partners, L.P. The company was founded in 1945 and is headquartered in Whippany, New Jersey.