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Suburban Propane Partners LP (SPH)

Upturn stock ratingUpturn stock rating
$18.61
Last Close (24-hour delay)
Profit since last BUY0%
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Upturn Advisory Summary

08/28/2025: SPH (1-star) has a low Upturn Star Rating. Not recommended to BUY.

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

Very few follow this stock; limited insights, higher-risk early investing.

1 Year Target Price $17

1 Year Target Price $17

Analysts Price Target For last 52 week
$17 Target price
52w Low $16.07
Current$18.61
52w High $21.51

Analysis of Past Performance

Type Stock
Historic Profit 19.87%
Avg. Invested days 43
Today’s Advisory Consider higher Upturn Star rating
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 08/28/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.22B USD
Price to earnings Ratio 12.57
1Y Target Price 17
Price to earnings Ratio 12.57
1Y Target Price 17
Volume (30-day avg) 2
Beta 0.14
52 Weeks Range 16.07 - 21.51
Updated Date 08/29/2025
52 Weeks Range 16.07 - 21.51
Updated Date 08/29/2025
Dividends yield (FY) 6.96%
Basic EPS (TTM) 1.48

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date 2025-08-07
When -
Estimate -0.19
Actual -0.23

Profitability

Profit Margin 6.79%
Operating Margin (TTM) 1.89%

Management Effectiveness

Return on Assets (TTM) 5.49%
Return on Equity (TTM) 15.5%

Valuation

Trailing PE 12.57
Forward PE 16.61
Enterprise Value 2565129522
Price to Sales(TTM) 0.85
Enterprise Value 2565129522
Price to Sales(TTM) 0.85
Enterprise Value to Revenue 1.8
Enterprise Value to EBITDA 10.44
Shares Outstanding 65473300
Shares Floating 63456089
Shares Outstanding 65473300
Shares Floating 63456089
Percent Insiders 2.63
Percent Institutions 41.47

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 and is headquartered in Whippany, New Jersey. Initially a local propane distributor, it has grown through acquisitions and organic expansion to become a national player in the propane, fuel oil, and related services industry.

business area logo Core Business Areas

  • Propane Distribution: Suburban Propane's primary business involves the distribution of propane to residential, commercial, industrial, and agricultural customers. They provide propane for heating, cooking, hot water, and various industrial processes.
  • Fuel Oil and Refined Fuels: The company distributes fuel oil and other refined fuels to residential and commercial customers, primarily for heating purposes.
  • Related Services: Suburban Propane offers installation, maintenance, and repair services for propane and fuel oil systems, as well as other related equipment.

leadership logo Leadership and Structure

Michael A. Stivala serves as President and CEO of Suburban Propane Partners LP. The company operates as a master limited partnership (MLP).

Top Products and Market Share

overview logo Key Offerings

  • Propane: Propane is the main product, used for heating, cooking, and various industrial purposes. Competitors include AmeriGas, Ferrellgas, and local propane distributors. Market share data is dispersed and hard to pinpoint. Company revenue heavily relies on propane sales.
  • Fuel Oil: Fuel oil is sold primarily for heating purposes. Competitors include local and regional fuel oil distributors. Market share is smaller compared to propane.
  • Equipment Sales, Installation, and Service: Suburban Propane provides services related to propane and fuel oil systems. Competitors include HVAC companies and local service providers. Revenue contributed a small portion of the total revenue

Market Dynamics

industry overview logo Industry Overview

The propane industry is influenced by weather patterns, energy prices, and regulatory factors. Demand is seasonal, peaking during the winter heating season. Alternative energy sources and energy efficiency initiatives pose long-term challenges.

Positioning

Suburban Propane is one of the largest propane distributors in the United States, benefiting from its national scale and established infrastructure. However, it faces competition from larger diversified energy companies and smaller regional players.

Total Addressable Market (TAM)

The TAM for propane in the US is estimated to be in the tens of billions of dollars annually. Suburban Propane is well-positioned to capture a significant portion of this market, leveraging its national presence and established brand.

Upturn SWOT Analysis

Strengths

  • Large-scale distribution network
  • Established brand reputation
  • Diversified customer base
  • Experienced management team

Weaknesses

  • Exposure to weather volatility
  • Dependence on commodity prices
  • Sensitivity to interest rate changes
  • Master Limited Partnership structure may limit growth

Opportunities

  • Expanding into renewable energy solutions
  • Acquiring smaller propane distributors
  • Increasing market share in existing territories
  • Growing demand for propane in industrial applications

Threats

  • Competition from alternative energy sources
  • Increased energy efficiency initiatives
  • Regulatory changes
  • Economic downturns affecting demand

Competitors and Market Share

competitor logo Key Competitors

  • APU
  • FGPR
  • UGI

Competitive Landscape

Suburban Propane competes on price, service, and reliability. Its large scale provides advantages in purchasing power and distribution efficiency.

Major Acquisitions

CERRO Propane Gas Company

  • Year: 2016
  • Acquisition Price (USD millions): 34
  • Strategic Rationale: Expands footprint and customer base in Central and Western New York, enhancing efficiency

Growth Trajectory and Initiatives

Historical Growth: Historical growth has been driven by acquisitions and organic expansion. However, growth has been tempered by weather volatility and competition.

Future Projections: Future growth projections depend on factors such as propane demand, energy prices, and the company's ability to execute its strategic initiatives. Analyst estimates vary.

Recent Initiatives: Recent initiatives might include expanding into new markets, investing in renewable energy projects, or improving operational efficiency.

Summary

Suburban Propane Partners LP is a major player in the propane distribution industry, benefiting from its established network and brand. However, the company faces challenges related to weather volatility, commodity prices, and competition. Expanding into renewable energy and improving operational efficiency are crucial for future growth. The company needs to keep a close watch on threats of alternative energy sources and regulatory changes.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company filings (SEC)
  • Industry reports
  • Analyst estimates
  • Company website

Disclaimers:

The information provided is for informational purposes only and should not be considered financial advice. Market share data is approximate and may vary depending on the source. Data is based on available information, and its accuracy cannot be guaranteed.

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.