Upturn unsubscribed user
$1.14/ day, billed weekly
Cancel anytime
(Ad-Free, Unlimited access)​
NO CREDIT CARD REQUIRED
SPH logo SPH
Upturn stock ratingUpturn stock rating
SPH logo

Suburban Propane Partners LP (SPH)

Upturn stock ratingUpturn stock rating
$18.53
Last Close (24-hour delay)
upturn advisory
PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

06/30/2025: SPH (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

2 Analysts rated it

Limited analyst coverage, niche firm, research info may be scarce.

1 Year Target Price $17

1 Year Target Price $17

Analysts Price Target For last 52 week
$17Target price
Low$14.47
Current$18.53
high$21.88

Analysis of Past Performance

Type Stock
Historic Profit 19.77%
Avg. Invested days 52
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 2.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/30/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.21B USD
Price to earnings Ratio 12.83
1Y Target Price 17
Price to earnings Ratio 12.83
1Y Target Price 17
Volume (30-day avg) 2
Beta 0.12
52 Weeks Range 14.47 - 21.88
Updated Date 06/30/2025
52 Weeks Range 14.47 - 21.88
Updated Date 06/30/2025
Dividends yield (FY) 6.99%
Basic EPS (TTM) 1.45

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 6.65%
Operating Margin (TTM) 26.92%

Management Effectiveness

Return on Assets (TTM) 5.38%
Return on Equity (TTM) 14.42%

Valuation

Trailing PE 12.83
Forward PE 16.61
Enterprise Value 2627946745
Price to Sales(TTM) 0.85
Enterprise Value 2627946745
Price to Sales(TTM) 0.85
Enterprise Value to Revenue 1.85
Enterprise Value to EBITDA 10.9
Shares Outstanding 64959400
Shares Floating 62719564
Shares Outstanding 64959400
Shares Floating 62719564
Percent Insiders 2.68
Percent Institutions 41.79

Analyst Ratings

Rating 2
Target Price 17
Buy -
Strong Buy 1
Buy -
Strong Buy 1
Hold -
Sell -
Strong Sell 1
Strong Sell 1

ai summary icon Upturn AI SWOT

Suburban Propane Partners LP

stock logo

Company Overview

overview logo History and Background

Suburban Propane Partners LP was founded in 1928 as Suburban Gas Company. It has grown through acquisitions and organic expansion to become a major player in the propane distribution industry. It operates as a master limited partnership (MLP).

business area logo Core Business Areas

  • Propane Distribution: The core business involves the retail distribution of propane to residential, commercial, industrial, and agricultural customers for heating, cooking, and various other applications.
  • Other Energy Products and Services: This segment includes the marketing and distribution of other energy products, such as fuel oil and refined fuels, as well as providing energy-related services, including the installation and servicing of propane and other appliance equipment.
  • Renewable Energy: Investments in renewable energy, specifically through a partnership with Oberon Fuels and investments in renewable natural gas (RNG) projects.

leadership logo Leadership and Structure

Michael A. Stivala serves as the President and Chief Executive Officer. As a master limited partnership (MLP), Suburban Propane Partners LP's organizational structure is headed by a board of directors overseeing the general partner.

Top Products and Market Share

overview logo Key Offerings

  • Propane: Propane distribution is Suburban Propane's primary product. Competitors include AmeriGas Partners, Ferrellgas Partners, and local independent distributors. Market share data can fluctuate.
  • Fuel Oil and Refined Fuels: Suburban Propane distributes fuel oil and other refined fuels, catering to heating needs and other applications. This revenue stream has a smaller market share than Propane, with competitors including local fuel oil companies.
  • Renewable Energy Products: This includes renewable propane and investments into RNG, creating environmentally friendly services and a new revenue stream, with new competitors in that space and less market share.

Market Dynamics

industry overview logo Industry Overview

The propane distribution industry is mature and competitive, influenced by weather patterns, energy prices, and economic conditions. The market is fragmented, with both large national players and numerous smaller regional distributors.

Positioning

Suburban Propane is one of the largest retail propane distributors in the United States. Its competitive advantages include its scale, extensive distribution network, and brand recognition.

Total Addressable Market (TAM)

The TAM for the U.S. propane market is estimated in the billions of dollars. Suburban Propane is a major player capturing a significant portion, and is looking to grow into the renewable energy space as well.

Upturn SWOT Analysis

Strengths

  • Large Distribution Network
  • Strong Brand Recognition
  • Established Customer Base
  • Diversified Service Offerings

Weaknesses

  • Dependence on Weather Patterns
  • Exposure to Fluctuations in Propane Prices
  • High Debt Levels (Common for MLPs)
  • Geographic Concentration in Certain Regions

Opportunities

  • Expansion into New Geographic Markets
  • Acquisition of Smaller Competitors
  • Growth in Renewable Energy Offerings
  • Increased Demand for Propane in Emerging Applications

Threats

  • Competition from Alternative Energy Sources (Natural Gas, Electricity)
  • Economic Downturn Affecting Demand
  • Increasing Environmental Regulations
  • Consolidation in the Industry

Competitors and Market Share

competitor logo Key Competitors

  • APU
  • FGPR
  • UGI

Competitive Landscape

Suburban Propane faces competition from other large national distributors like AmeriGas and Ferrellgas, as well as numerous smaller regional players. The competitive advantage from Suburban Propane is it's size, extensive distribution network, and entry into renewable energy.

Major Acquisitions

Quantum Propane

  • Year: 2018
  • Acquisition Price (USD millions): 49
  • Strategic Rationale: Expanded Suburban Propane's presence in the Northeast region.

Growth Trajectory and Initiatives

Historical Growth: Growth has primarily been driven by acquisitions and organic expansion within existing markets.

Future Projections: Future growth is expected to be driven by expansion into new markets, acquisitions, and the development of renewable energy offerings. Analyst estimates vary.

Recent Initiatives: Recent initiatives include investments in renewable propane technology (Oberon Fuels) and RNG projects, and the acquisition of smaller propane distributors.

Summary

Suburban Propane is a major player in the propane distribution industry with a large network and brand recognition. The company faces challenges related to weather dependency, propane price volatility, and competition from alternative energy sources. Recent strategic initiatives in renewable energy are intended to improve long-term prospects. Future success will depend on effective execution of these initiatives and careful management of financial risks.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company Filings (10-K, 10-Q), Investor Presentations, Industry Reports
  • Yahoo Finance
  • Seeking Alpha

Disclaimers:

This analysis is for informational purposes only and does not constitute financial advice. Market share data is approximate and may vary. Investment decisions should be based on thorough due diligence and consultation with a qualified financial advisor.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Suburban Propane Partners LP

Exchange NYSE
Headquaters 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 3098
Full time employees 3098

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, renewable propane, fuel oil, and refined fuels in the United States. The company 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 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. The company serves residential, commercial, industrial, and agricultural customers 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 Propane Partners, L.P. was founded in 1945 and is based in Whippany, New Jersey.