Suburban Propane Partners LP logo

Suburban Propane Partners LP(SPH)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$16.82
09/22/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Advisory Performance History (Simulated)Advisory Performance History info

Upturn Advisory & Investor View for SPH

09/22/2026: SPH (1-star) is currently NOT-A-BUY. Pass it for now.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Price Behavior

Downtrend
PRICE PATH

Downtrend

The stock has experienced a sustained decline in price over recent periods.

Smooth
PRICE STABILITY

Smooth

The stock has moved along a generally orderly path with only modest fluctuations.

Analysis of Past Performance

Type Stock
Historic Profit 7.51%
Avg. Invested days 39
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 2.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/22/2026

Upturn Scorecard

Upturn Star Rating

SPH receives a 3-star rating, supported by solid company fundamentals, and solid quantitative characteristics. The rating is constrained by soft analyst coverage, weak price momentum, and limited analyst upside.

Company Fundamentals

SPH has solid overall fundamentals (4 stars), with moderate financial health, solid growth momentum, and solid ownership. In FY2025 versus FY2024, strong earnings growth (+43.7%) and solid cash generation (FCF margin 8.0%) are partially offset by moderate revenue growth (+7.9%), soft profitability (net margin 7.4%), modest insider ownership of 1.61%.

Financial Health Rating

SPH's financial health is supported by solid cash strength, including free-cash-flow generation (8.0% of revenue). Profitability is moderate (3 stars), which helps explain the 3-star overall score.

Growth Momentum Score

Earnings growth is SPH's strongest growth driver at +43.7% FY2025 versus FY2024 (strong, 5 stars). By comparison, free-cash-flow growth (+13.0%, solid) is also solid, while revenue growth (+7.9%, moderate) holds the profile back, so recent growth is not broad-based across the business.

Ownership

Institutional ownership is 43.2% and approximately 97.5% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 1.61% provides only moderate management-shareholder alignment.

Top 5 Institutional Investors

ALPS Advisors Inc 22.07%
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 6.67%
The Goldman Sachs Group Inc 2.13%
JPMorgan Chase & Co 2.10%
Bowen, Hanes & CO Inc 1.52%

Unit Economics (Per $1K Revenue)

SPH generates approximately $211 of gross profit, $144 of operating income, and $80 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

Effective Tax Rate: 1.25%

Quantitative Style Profile

SPH has a liquid, relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedLow VolatilitySmall / Mid Cap RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.13B USD
Price to earnings Ratio 8.78
1Y Target Price 17
Price to earnings Ratio 8.78
1Y Target Price 17
Volume (30-day avg) 208.3K shares
Beta 0.37
52 Weeks Range 16.24 - 20.18
Updated Date 09/22/2026
52 Weeks Range 16.24 - 20.18
Updated Date 09/22/2026
Dividends yield (FY) 7.76%
Basic EPS (TTM) 1.93

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

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Valuation

Trailing PE 8.78
Forward PE 16.61
Enterprise Value 2.44B
Price to Sales(TTM) 0.81
Enterprise Value 2.44B
Price to Sales(TTM) 0.81
Enterprise Value to Revenue 1.75
Enterprise Value to EBITDA 8.85
Shares Outstanding 66.71M
Shares Floating 65.02M
Shares Outstanding 66.71M
Shares Floating 65.02M
Percent Insiders 1.61
Percent Institutions 43.17

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Suburban Propane Partners LP

Exchange NYSE
Headquarters Whippany, NJ, United States
IPO Launch date 1996-02-29
President, CEO & Supervisor Mr. Michael A. Stivala
Sector Utilities
Industry Utilities - Regulated Gas
Full time employees 3190
Full time employees 3190

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, renewable propane, renewable natural gas, fuel oil, and refined fuels in the United States. It operates through 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 for space heating, water heating, cooking, and clothes drying 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 for tobacco curing, crop drying, poultry brooding, and weed control in the agricultural markets. It also engages in the wholesale distribution of propane to industrial end users. Its 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 in 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. Its All Other segment sells, installs, and services a range of home comfort equipment, including whole-house heating products, air cleaners, humidifiers, and space heaters. The company serves residential, commercial, industrial, and agricultural customers. Suburban Propane Partners, L.P. was founded in 1945 and is based in Whippany, New Jersey.