8-K Announcements
6May 7, 2026·SEC
Apr 23, 2026·SEC
Apr 22, 2026·SEC
Suburban Propane Partners, L.P. (SPH) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Get notified when SPH posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
Suburban Propane Partners, L.P. (SPH) stock price & volume — 10-year historical chart
Suburban Propane Partners, L.P. (SPH) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Suburban Propane Partners, L.P. (SPH) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $2.06vs $1.74+18.4% | $551Mvs $575M-4.1% |
| Q1 2026 | Feb 5, 2026 | $0.69vs $0.53+30.2% | $326Mvs $392M-16.7% |
| Q4 2025 | Nov 13, 2025 | $0.62vs $0.51-21.6% | $211Mvs $227M-6.9% |
| Q3 2025 | Aug 7, 2025 | $0.23vs $0.51+54.9% | $260Mvs $227M+14.6% |
Suburban Propane Partners, L.P. (SPH) competitors in Gas Fuels Distribution and Services — business model, growth, and fundamentals comparison
Suburban Propane Partners, L.P. (SPH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Suburban Propane Partners, L.P. (SPH) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Sep'17 | Sep'18 | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | Sep'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 1.19B | 1.34B | 1.27B | 1.11B | 1.29B | 1.5B | 1.43B | 1.33B | 1.43B | 1.39B |
Revenue Growth % | 13.55% | 13.18% | -5.71% | -12.61% | 16.32% | 16.51% | -4.81% | -7.14% | 7.94% | -2.19% |
Cost of Revenue | 476.66M | 592.63M | 521.99M | 382.95M | 485.48M | 712.12M | 1.07B | 522.2M | 1.13B | 944.5M |
Gross Profit | 711.23M▲ 0% | 751.78M▲ 5.7% | 745.72M▼ 0.8% | 724.95M▼ 2.8% | 803.28M▲ 10.8% | 789.34M▼ 1.7% | 361M▼ 54.3% | 804.98M▲ 123.0% | 302.69M▼ 62.4% | 448.62M▲ 0% |
Gross Margin % | 59.87% | 55.92% | 58.82% | 65.43% | 62.33% | 52.57% | 25.26% | 60.65% | 21.13% | 32.2% |
Gross Profit Growth % | 3.96% | 5.7% | -0.81% | -2.79% | 10.81% | -1.73% | -54.27% | 122.98% | -62.4% | - |
Operating Expenses | 595.94M | 593.65M | 594.86M | 584.68M | 590.04M | 583.01M | 154.16M | 633.73M | 96.38M | 233.8M |
Other Operating Expenses | - | - | - | - | - | - | - | - | - | - |
EBITDA | 243.22M | 278.53M | 271.73M | 257.06M | 317.79M | 265.18M | 269.43M | 238.22M | 278.35M | 285.28M |
EBITDA Margin % | 20.48% | 20.72% | 21.43% | 23.2% | 24.66% | 17.66% | 18.85% | 17.95% | 19.43% | 20.48% |
EBITDA Growth % | 10.54% | 14.52% | -2.44% | -5.4% | 23.62% | -16.56% | 1.6% | -11.58% | 16.84% | 5.01% |
Depreciation & Amortization | 127.94M | 125.22M | 120.87M | 116.79M | 104.56M | 58.85M | 62.58M | 66.97M | 72.04M | 70.46M |
D&A / Revenue % | 10.77% | 9.31% | 9.53% | 10.54% | 8.11% | 3.92% | 4.38% | 5.05% | 5.03% | 5.06% |
Operating Income (EBIT) | 115.28M▲ 0% | 153.31M▲ 33.0% | 150.85M▼ 1.6% | 140.27M▼ 7.0% | 213.24M▲ 52.0% | 206.33M▼ 3.2% | 206.85M▲ 0.3% | 171.25M▼ 17.2% | 206.31M▲ 20.5% | 214.83M▲ 0% |
Operating Margin % | 9.7% | 11.4% | 11.9% | 12.66% | 16.55% | 13.74% | 14.47% | 12.9% | 14.4% | 15.42% |
Operating Income Growth % | 27.52% | 32.99% | -1.6% | -7.02% | 52.02% | -3.24% | 0.25% | -17.21% | 20.47% | - |
Interest Expense | 75.26M | 77.38M | 76.66M | 74.73M | 68.13M | 60.66M | 73.39M | 74.59M | 76.27M | 4M |
Interest Coverage | 1.51x | 2.10x | 1.97x | 1.88x | 3.13x | 3.40x | 2.70x | 2.00x | 2.42x | - |
Interest / Revenue % | 6.34% | 5.76% | 6.05% | 6.74% | 5.29% | 4.04% | 5.14% | 5.62% | 5.32% | 0.29% |
Non-Operating Income | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -4M |
Pretax Income | 38.45M▲ 0% | 75.93M▲ 97.5% | 69.49M▼ 8.5% | 60.61M▼ 12.8% | 123.9M▲ 104.4% | 140.14M▲ 13.1% | 124.42M▼ 11.2% | 74.91M▼ 39.8% | 107.92M▲ 44.1% | 134.49M▲ 0% |
Pretax Margin % | 3.24% | 5.65% | 5.48% | 5.47% | 9.61% | 9.33% | 8.71% | 5.64% | 7.53% | 9.65% |
Income Tax | 459K | -606K | 857K | -146K | 1.11M | 429K | 668K | 734K | 1.35M | 1.14M |
Effective Tax Rate % | 1.19% | -0.8% | 1.23% | -0.24% | 0.9% | 0.31% | 0.54% | 0.98% | 1.25% | 0.85% |
Net Income | 37.99M▲ 0% | 76.53M▲ 101.4% | 68.63M▼ 10.3% | 60.76M▼ 11.5% | 122.79M▲ 102.1% | 139.71M▲ 13.8% | 123.75M▼ 11.4% | 74.17M▼ 40.1% | 106.57M▲ 43.7% | 133.35M▲ 0% |
Net Margin % | 3.2% | 5.69% | 5.41% | 5.48% | 9.53% | 9.3% | 8.66% | 5.59% | 7.44% | 9.57% |
Net Income Growth % | 163.12% | 101.43% | -10.32% | -11.47% | 102.1% | 13.78% | -11.42% | -40.06% | 43.68% | 40.72% |
EPS (Diluted) | 0.62▲ 0% | 1.24▲ 100.0% | 1.10▼ 11.3% | 0.97▼ 11.8% | 1.94▲ 100.0% | 2.18▲ 12.4% | 1.92▼ 11.9% | 1.14▼ 40.6% | 1.62▲ 42.1% | 1.99▲ 0% |
EPS Growth % | 158.33% | 100% | -11.29% | -11.82% | 100% | 12.37% | -11.93% | -40.63% | 42.11% | 38.19% |
EPS (Basic) | 0.62 | 1.24 | 1.11 | 0.98 | 1.96 | 2.21 | 1.94 | 1.15 | 1.64 | - |
Diluted Shares Outstanding | 61.54M | 61.85M | 62.37M | 62.73M | 63.31M | 64.02M | 64.44M | 64.84M | 65.59M | 66.9M |
Suburban Propane Partners, L.P. (SPH) balance sheet — assets, liabilities & shareholders' equity
| Metric | Sep'17 | Sep'18 | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | Sep'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Assets | 2.17B | 2.1B | 2B | 2.05B | 2.05B | 2.1B | 2.27B | 2.27B | 2.3B | 2.43B |
Asset Growth % | -5.43% | -3.23% | -4.89% | 2.45% | 0.22% | 2.53% | 7.93% | 0.1% | 1.03% | 3.98% |
PP&E (Net) | 692.63M | 649.22M | 627.21M | 717.05M | 699.13M | 700.36M | 788.99M | 794.23M | 810.27M | 823.95M |
PP&E / Total Assets % | 31.9% | 30.9% | 31.39% | 35.02% | 34.08% | 33.29% | 34.75% | 34.95% | 35.29% | 33.95% |
Total Current Assets | 139.49M | 157.77M | 123.44M | 115.96M | 180.11M | 174.86M | 164M | 157.54M | 166.27M | 267.48M |
Cash & Equivalents | 2.79M | 5.16M | 2.44M | 3.14M | 5.81M | 4.1M | 3.51M | 3.22M | 3.71M | 4.29M |
Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Inventory | 53.22M | 59.11M | 45.04M | 46.87M | 61.8M | 66.92M | 61.83M | 55.43M | 73.73M | 63.55M |
Other Current Assets | 17.8M | 22.19M | 16.62M | 10.51M | 41.13M | 25.31M | 30.97M | 32.45M | 19.36M | 51.52M |
Long-Term Investments | 0 | 13K | 167K | 461K | 1.81M | 16.43M | 8K | 769K | 8.17M | 24.5M |
Goodwill | 1.09B | 1.09B | 1.1B | 1.1B | 1.11B | 1.11B | 1.15B | 1.15B | 1.16B | 1.17B |
Intangible Assets | 219.88M | 175.18M | 128.44M | 84.14M | 39.26M | 40M | 80.55M | 74.51M | 84.78M | 87.46M |
Other Assets | 24.65M | 25.56M | 21.18M | 26.33M | 26.2M | 75.08M | 88.14M | 95.22M | 68.96M | 82.73M |
Total Liabilities | 1.62B | 1.61B | 1.57B | 1.68B | 1.63B | 1.61B | 1.72B | 1.73B | 1.7B | 1.68B |
Total Debt | 1.27B | 1.26B | 1.23B | 1.33B | 1.25B | 1.21B | 1.33B | 1.35B | 1.33B | 105.53M |
Net Debt | 1.27B | 1.25B | 1.22B | 1.33B | 1.24B | 1.21B | 1.33B | 1.35B | 1.33B | 101.23M |
Long-Term Debt | 1.27B | 1.26B | 1.23B | 1.21B | 1.12B | 1.08B | 1.19B | 1.21B | 1.21B | 74.57M |
Short-Term Borrowings | 0 | 0 | 0 | 26.44M | 30.88M | 32.13M | 33.56M | 35.62M | 0 | 30.95M |
Capital Lease Obligations | 0 | 0 | 0 | 92.67M | 98.53M | 103.67M | 108.5M | 103.8M | 118.01M | 285.29M |
Total Current Liabilities | 210.37M | 219.04M | 216.13M | 244.52M | 287.15M | 306.62M | 307.82M | 306.12M | 302.82M | 247.77M |
Accounts Payable | 38.65M | 38.26M | 34.09M | 31.98M | 39.17M | 35.17M | 40.04M | 41.06M | 45.04M | 44.91M |
Accrued Expenses | 27.4M | 32.4M | 34.69M | 35.21M | 40.81M | 43.33M | 45.14M | 40.37M | 26.79M | 111.41M |
Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 121.74M | 63.4M |
Other Current Liabilities | 144.31M | 148.37M | 147.36M | 150.88M | 176.28M | 195.99M | 189.07M | 189.08M | 74.93M | 108.5M |
Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Liabilities | 135.77M | 133.2M | 131.33M | 137.51M | 122.62M | 118.58M | 119.6M | 105.46M | 99.45M | 1.36B |
Total Equity | 552.98M▲ 0% | 493.82M▼ 10.7% | 423.83M▼ 14.2% | 362.38M▼ 14.5% | 425.42M▲ 17.4% | 497.53M▲ 17.0% | 546.36M▲ 9.8% | 547.06M▲ 0.1% | 598.57M▲ 9.4% | 743.9M▲ 0% |
Equity Growth % | -21.92% | -10.7% | -14.17% | -14.5% | 17.4% | 16.95% | 9.81% | 0.13% | 9.42% | 41.42% |
Shareholders Equity | 552.98M | 493.82M | 423.83M | 362.38M | 425.42M | 497.53M | 546.36M | 547.06M | 598.57M | 743.9M |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Common Stock | 581.79M | 518.49M | 450.02M | 388.16M | 443M | 510.13M | 557.02M | 553.21M | 604.05M | 0 |
Additional Paid-in Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Retained Earnings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | -28.81M | -24.67M | -26.19M | -25.78M | -17.58M | -12.6M | -10.67M | -6.15M | -5.48M | -5.7M |
Return on Assets (ROA) | 1.7% | 3.58% | 3.35% | 3% | 5.99% | 6.72% | 5.66% | 3.27% | 4.66% | 5.65% |
Return on Equity (ROE) | 6.03% | 14.62% | 14.96% | 15.46% | 31.17% | 30.27% | 23.71% | 13.57% | 18.6% | 20.4% |
Debt / Equity | 2.30x | 2.54x | 2.90x | 3.67x | 2.93x | 2.44x | 2.43x | 2.47x | 2.22x | 0.14x |
Debt / Assets | 58.59% | 59.73% | 61.4% | 64.93% | 60.8% | 57.67% | 58.59% | 59.39% | 57.91% | 4.35% |
Net Debt / EBITDA | 5.22x | 4.49x | 4.51x | 5.16x | 3.91x | 4.56x | 4.92x | 5.65x | 4.76x | 0.35x |
Book Value per Share | 8.99 | 7.98 | 6.8 | 5.78 | 6.72 | 7.77 | 8.48 | 8.44 | 9.13 | 11.12 |
Suburban Propane Partners, L.P. (SPH) cash flow — operating, investing & free cash flow history
| Metric | Sep'17 | Sep'18 | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | Sep'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 160.36M | 210.41M | 226.78M | 209.35M | 226.55M | 220.55M | 225.24M | 160.59M | 186.26M | 205.97M |
Operating CF Growth % | 2.07% | 31.21% | 7.78% | -7.68% | 8.21% | -2.65% | 2.13% | -28.7% | 15.99% | -383.59% |
Operating CF / Revenue % | 13.5% | 15.65% | 17.89% | 18.9% | 17.58% | 14.69% | 15.76% | 12.1% | 13% | 14.78% |
Net Income | 37.99M | 76.53M | 68.63M | 60.76M | 122.79M | 139.71M | 123.75M | 74.17M | 106.57M | 133.35M |
Depreciation & Amortization | 127.94M | 125.22M | 120.87M | 116.79M | 104.56M | 58.85M | 62.58M | 66.97M | 72.04M | 70.46M |
Deferred Taxes | 0 | 0 | 0 | 1.16M | 16.99M | 0 | 0 | 0 | 0 | 0 |
Other Non-Cash Items | 16.93M | 14.17M | -3.66M | -2.91M | -3.19M | 481K | -1.33M | 19.03M | 34.89M | 14.5M |
Working Capital Changes | -22.5M | -5.51M | 30.42M | 24.32M | -24.66M | 10.26M | 26.86M | -7.79M | -35.02M | -18.21M |
Capital Expenditures | -28.17M | -32.9M | -34.98M | -53.24M | -29.86M | -94.44M | -170.64M | -59.43M | -128.25M | -94.83M |
CapEx / Revenue % | 2.37% | 2.45% | 2.76% | 4.81% | 2.32% | 6.29% | 11.94% | 4.48% | 8.95% | 6.81% |
CapEx / D&A | 0.22x | 0.26x | 0.29x | 0.46x | 0.29x | 1.60x | 2.73x | 0.89x | 1.78x | 1.35x |
CapEx Coverage (OCF/CapEx) | 5.69x | 6.40x | 6.48x | 3.93x | 7.59x | 2.34x | 1.32x | 2.70x | 1.45x | 2.17x |
Cash from Investing | -22.99M | -39.09M | -48.52M | -53.24M | -34.08M | -94.44M | -170.64M | -81.64M | -128.25M | -96.96M |
Acquisitions | 5.18M | -12.07M | -19.3M | -25.64M | -8.72M | -55.23M | -130.12M | 0 | 0 | 114K |
Purchase of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Sale of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Investing | 0 | 5.88M | 5.76M | 4.89M | 4.5M | 5.15M | 4.44M | -22.21M | -56.3M | -23.73M |
Cash from Financing | -171.93M | -168.95M | -180.99M | -155.41M | -189.81M | -127.82M | -44.63M | -72.5M | -66.74M | -109.7M |
Dividends Paid | -216.58M | -147.19M | -147.88M | -130.21M | -76.48M | -81.72M | -82.38M | -83.09M | -84.17M | -85.35M |
Dividend Payout Ratio % | 570.01% | 192.31% | 215.47% | 214.3% | 62.29% | 58.5% | 66.57% | 112.02% | 78.99% | - |
Debt Issuance (Net) | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 1000K | 1000K | -1000K | -2M |
Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23.46M | 17.8M |
Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Financing | 0 | -2.72M | -3.01M | -3.64M | -3.61M | -3.69M | -4.64M | -8.41M | -4.23M | -3.88M |
Net Change in Cash | -34.55M▲ 0% | 2.38M▲ 106.9% | -2.72M▼ 214.7% | 699K▲ 125.7% | 2.67M▲ 281.7% | -1.71M▼ 164.0% | 9.97M▲ 684.0% | 6.44M▼ 35.4% | -8.74M▼ 235.8% | -686K▲ 0% |
Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1K |
Cash at Beginning | 37.34M | 2.79M | 5.16M | 2.44M | 3.14M | 5.81M | 4.1M | 14.07M | 20.51M | 3.51M |
Cash at End | 2.79M | 5.16M | 2.44M | 3.14M | 5.81M | 4.1M | 14.07M | 20.51M | 11.77M | 8.64M |
Free Cash Flow | 132.19M▲ 0% | 175.64M▲ 32.9% | 191.8M▲ 9.2% | 156.11M▼ 18.6% | 196.7M▲ 26.0% | 126.11M▼ 35.9% | 54.6M▼ 56.7% | 101.16M▲ 85.3% | 58M▼ 42.7% | 111.14M▲ 0% |
FCF Growth % | 11.34% | 32.87% | 9.2% | -18.61% | 26% | -35.89% | -56.7% | 85.26% | -42.66% | 2139.33% |
FCF Margin % | 11.13% | 13.06% | 15.13% | 14.09% | 15.26% | 8.4% | 3.82% | 7.62% | 4.05% | 7.98% |
FCF / Net Income % | 347.92% | 229.49% | 279.47% | 256.94% | 160.19% | 90.27% | 44.12% | 136.38% | 54.43% | 83.34% |
Suburban Propane Partners, L.P. (SPH) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 6.03% | 14.62% | 14.96% | 15.46% | 31.17% | 30.27% | 23.71% | 13.57% | 18.6% | 20.4% |
EBITDA Margin | 20.48% | 20.72% | 21.43% | 23.2% | 24.66% | 17.66% | 18.85% | 17.95% | 19.43% | 20.48% |
Net Debt / EBITDA | 5.22x | 4.49x | 4.51x | 5.16x | 3.91x | 4.56x | 4.92x | 5.65x | 4.76x | 0.35x |
Interest Coverage | 1.51x | 2.10x | 1.97x | 1.88x | 3.13x | 3.40x | 2.70x | 2.00x | 2.42x | - |
CapEx / Revenue | 2.37% | 2.45% | 2.76% | 4.81% | 2.32% | 6.29% | 11.94% | 4.48% | 8.95% | 6.81% |
Dividend Payout Ratio | 570.01% | 192.31% | 215.47% | 214.3% | 62.29% | 58.5% | 66.57% | 112.02% | 78.99% | 64% |
Debt / Equity | 2.30x | 2.54x | 2.90x | 3.67x | 2.93x | 2.44x | 2.43x | 2.47x | 2.22x | 0.14x |
EPS Growth | 158.33% | 100% | -11.29% | -11.82% | 100% | 12.37% | -11.93% | -40.63% | 42.11% | 38.19% |
Suburban Propane Partners, L.P. (SPH) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 7, 2026·SEC
Apr 23, 2026·SEC
Apr 22, 2026·SEC
Suburban Propane Partners, L.P. (SPH) stock FAQ — growth, dividends, profitability & financials explained
Suburban Propane Partners, L.P. (SPH) reported $1.39B in revenue for fiscal year 2025. This represents a 97% increase from $707.9M in 1996.
Suburban Propane Partners, L.P. (SPH) grew revenue by 7.9% over the past year. This is steady growth.
Yes, Suburban Propane Partners, L.P. (SPH) is profitable, generating $133.4M in net income for fiscal year 2025 (7.4% net margin).
Yes, Suburban Propane Partners, L.P. (SPH) pays a dividend with a yield of 7.75%. This makes it attractive for income-focused investors.
Suburban Propane Partners, L.P. (SPH) has a return on equity (ROE) of 18.6%. This is reasonable for most industries.
Suburban Propane Partners, L.P. (SPH) generated $111.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Suburban Propane Partners, L.P. (SPH) has a dividend payout ratio of 79%. The dividend is reasonably covered.