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Suburban Propane Partners, L.P. logo

Suburban Propane Partners, L.P.

SPH

NYSEEnergyOil & Gas Energy

Open in GoAI

Latest quote

$17.64

+$0.04 · +0.23%

Aug 21, 3:55 PM ET

SPH company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

98

Deep Value

Momentum

36

Weakening

Sentiment

42

Mixed

Risk resilience

70

Moderate Risk

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Company profile

Company website

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. It serves approximately 1 million residential, commercial, industrial, and agricultural customers across 42 states through approximately 700 locations. The company operates through segments including Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other. In recent years, Suburban Propane has also expanded into renewable energy sources like renewable propane and renewable natural gas (RNG).

Industry
Oil & Gas Energy
Sector
Energy
Headquarters
US
CEO
Michael A. Stivala
Listed since
Feb 29, 1996
Employees
3,266

Market position

Volume
166.16K
0.82× average
Average volume
202.13K
Average daily volume
Market cap
1.17B USD
Beta
0.38
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
2.53B USD
P/E (TTM)
8.96×
P/B (TTM)
1.65×
P/S (TTM)
0.84×
EV / EBITDA
9.89×
Earnings yield
8.82%
Free cash flow yield
9.46%
Dividend yield
7.37%

Profitability & efficiency

Gross margin
39.40%
Operating margin
15.17%
Net margin
9.37%
Return on equity
17.80%
Return on assets
4.64%
Return on invested capital
10.05%

Financial health

Debt / equity
1.86×
Current ratio
0.55×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends68%45%23%-0%Gross margin, FY2021: 62.33%Gross margin, FY2022: 52.57%Gross margin, FY2023: 25.26%Gross margin, FY2024: 60.65%Gross margin, FY2025: 21.13%Operating margin, FY2021: 16.55%Operating margin, FY2022: 13.74%Operating margin, FY2023: 14.47%Operating margin, FY2024: 12.90%Operating margin, FY2025: 14.40%Net margin, FY2021: 9.53%Net margin, FY2022: 9.30%Net margin, FY2023: 8.66%Net margin, FY2024: 5.59%Net margin, FY2025: 7.44%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 62.33%. Gross margin FY2022 52.57%. Gross margin FY2023 25.26%. Gross margin FY2024 60.65%. Gross margin FY2025 21.13%. Operating margin FY2021 16.55%. Operating margin FY2022 13.74%. Operating margin FY2023 14.47%. Operating margin FY2024 12.90%. Operating margin FY2025 14.40%. Net margin FY2021 9.53%. Net margin FY2022 9.30%. Net margin FY2023 8.66%. Net margin FY2024 5.59%. Net margin FY2025 7.44%.

Income trends

Revenue

1.43B USD+7.94%

Operating income

206.31M USD+20.47%

Net income

106.57M USD+43.68%
Income trends across reported periods1.64B USD1.07B USD502.36M USD−68.56M USDRevenue, FY2021: 1.29B USDRevenue, FY2022: 1.5B USDRevenue, FY2023: 1.43B USDRevenue, FY2024: 1.33B USDRevenue, FY2025: 1.43B USDOperating income, FY2021: 213.24M USDOperating income, FY2022: 206.33M USDOperating income, FY2023: 206.85M USDOperating income, FY2024: 171.25M USDOperating income, FY2025: 206.31M USDNet income, FY2021: 122.79M USDNet income, FY2022: 139.71M USDNet income, FY2023: 123.75M USDNet income, FY2024: 74.17M USDNet income, FY2025: 106.57M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.29B USD. Revenue FY2022 1.5B USD. Revenue FY2023 1.43B USD. Revenue FY2024 1.33B USD. Revenue FY2025 1.43B USD. Operating income FY2021 213.24M USD. Operating income FY2022 206.33M USD. Operating income FY2023 206.85M USD. Operating income FY2024 171.25M USD. Operating income FY2025 206.31M USD. Net income FY2021 122.79M USD. Net income FY2022 139.71M USD. Net income FY2023 123.75M USD. Net income FY2024 74.17M USD. Net income FY2025 106.57M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue1.43B USD1.33B USD1.43B USD1.5B USD1.29B USD
Cost of goods sold1.13B USD522.2M USD1.07B USD712.12M USD485.48M USD
Gross profit302.69M USD804.98M USD361.01M USD789.34M USD803.28M USD
Selling, general, and administrative96.38M USD89.89M USD91.57M USD81.76M USD74.1M USD
Operating expenses96.38M USD633.73M USD154.16M USD583.02M USD590.04M USD
Interest expense76.27M USD74.59M USD73.39M USD60.66M USD68.13M USD
Depreciation and amortization72.04M USD66.98M USD62.58M USD58.85M USD104.56M USD
Operating income206.31M USD171.25M USD206.85M USD206.33M USD213.24M USD
Net income106.57M USD74.17M USD123.75M USD139.71M USD122.79M USD

Company facts updated Aug 24, 2026.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$21.00

18.98% upside
Past 12 months12-month forecastHigh $25.00Average $21.00Low $17.00

Rating distribution

16 ratings
Strong buy00%
Buy425%
Hold744%
Sell531%
Strong sell00%

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$1.30

2025 complete year+4.0% since 2021

2026 partial: $0.975

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Aug 4, 2026

$0.325

Quarterly

Record Aug 4, 2026 · Payment Aug 11, 2026

Dividend

Ex-dividend May 5, 2026

$0.325

Quarterly

Record May 5, 2026 · Payment May 12, 2026

Dividend

Ex-dividend Feb 3, 2026

$0.325

Quarterly

Record Feb 3, 2026 · Payment Feb 10, 2026

Dividend

Ex-dividend Nov 4, 2025

$0.325

Quarterly

Record Nov 4, 2025 · Payment Nov 12, 2025

Dividend

Ex-dividend Aug 5, 2025

$0.325

Quarterly

Record Aug 5, 2025 · Payment Aug 12, 2025

Dividend

Ex-dividend May 6, 2025

$0.325

Quarterly

Record May 6, 2025 · Payment May 13, 2025

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