Suburban Propane Partners, L.P. (SPH) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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SPH Revenue Growth
Revenue Breakdown (FY 2025)
SPH's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
SPH Revenue Analysis (2014–2025)
As of May 8, 2026, Suburban Propane Partners, L.P. (SPH) generated trailing twelve-month (TTM) revenue of $841.9 million, reflecting significant decline in growth of -100.0% year-over-year. The most recent quarter (Q2 2026) recorded $0 in revenue, down 100.0% sequentially.
Looking at the longer-term picture, SPH's 5-year compound annual growth rate (CAGR) stands at +5.3%, indicating steady revenue expansion. The company achieved its highest annual revenue of $1.94 billion in 2014.
Revenue diversification analysis shows SPH's business is primarily driven by Propane (93%), Fuel Oil And Refined Fuels (5%), and Natural Gas And Electricity (2%). With over half of revenue concentrated in Propane, the company maintains significant focus in this area while developing other growth vectors.
When compared to Utilities sector peers including NGL (-41.9% YoY), TRGP (-2.3% YoY), and DKNG (+25.8% YoY), SPH has underperformed the peer group in terms of revenue growth. Compare SPH vs NGL →
SPH Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| SPHCurrent | $842M | -100.0% | +5.3% | 14.4% | |
 NGL | $3.5B | -41.9% | -14.5% | 9.5% | |
 TRGP | $17.1B | -2.3% | +15.7% | 20.1% | |
 DKNG | $6.1B | +25.8% | +58.0% | -0.3% | |
 UGI | $7.3B | +0.6% | +2.1% | 15.2% | |
 SWX | $1.9B | -39.1% | -10.1% | 24.4% |
SPH Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.43B | +7.9% | $302.7M | 21.1% | $206.3M | 14.4% |
| 2024 | $1.33B | -7.1% | $805.0M | 60.7% | $171.3M | 12.9% |
| 2023 | $1.43B | -4.8% | $361.0M | 25.3% | $206.8M | 14.5% |
| 2022 | $1.50B | +16.5% | $789.3M | 52.6% | $206.3M | 13.7% |
| 2021 | $1.29B | +16.3% | $803.3M | 62.3% | $213.2M | 16.5% |
| 2020 | $1.11B | -12.6% | $724.9M | 65.4% | $140.3M | 12.7% |
| 2019 | $1.27B | -5.7% | $745.7M | 58.8% | $150.9M | 11.9% |
| 2018 | $1.34B | +13.2% | $751.8M | 55.9% | $153.3M | 11.4% |
| 2017 | $1.19B | +13.6% | $711.2M | 59.9% | $115.3M | 9.7% |
| 2016 | $1.05B | -26.2% | $684.2M | 65.4% | $90.4M | 8.6% |
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Start ComparisonSPH — Frequently Asked Questions
Quick answers to the most common questions about buying SPH stock.
Is SPH's revenue growth accelerating or slowing?
SPH revenue declined -100.0% year-over-year, contrasting with the 5-year CAGR of +5.3%. TTM revenue fell to $842M. This reverses the prior growth trend.
What is SPH's long-term revenue growth rate?
Suburban Propane Partners, L.P.'s 5-year revenue CAGR of +5.3% reflects the variable expansion pattern. Current YoY growth of -100.0% is below this long-term average.
How is SPH's revenue distributed by segment?
SPH reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.