SPH Stock Analysis: Suburban Propane | NYSE
Utilities - Regulated Gas | NYSE, USA | Market Cap: 1.186m USD | 12M Return: 6.2% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.46M
EPS Trend: 60.8%
Qual. Beats: 1
Rev. Trend: 8.5%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Suburban Propane Partners, L.P. (NYSE: SPH) is a U.S.-based limited partnership that retails and distributes propane, renewable propane, renewable natural gas, fuel oil, and refined fuels. Founded in 1945 and headquartered in Whippany, New Jersey, the company operates through four reporting segments: Propane (its core business, serving residential, commercial, industrial, and agricultural end uses such as space heating, crop drying, and motor fuel); Fuel Oil and Refined Fuels; Natural Gas and Electricity (in deregulated retail energy markets); and All Other (home comfort equipment sales, installation, and service).
As an MLP structured under the Utilities/Gas Utilities GICS classification, SPH is part of the retail energy distribution industry, which serves a large base of residential and commercial heating customers, particularly in regions not served by natural gas pipelines. The partnership model typically passes through taxable income to unitholders in exchange for distributions, a structure common among midstream and energy distribution companies.
- Winter weather variability swings propane volume and margin performance
- Propane and fuel oil margins track commodity price spread movements
- Renewable propane and RNG expansion diversifies revenue base
| Net Income: 133.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 2.54 > 1.0 |
| NWC/Revenue: 1.41% < 20% (prev 1.01%; Δ 0.40% < -1%) |
| CFO/TA 0.08 > 3% & CFO 206.0m > Net Income 133.4m |
| Net Debt (1.39b) to EBITDA (280.5m): 4.96 < 3 |
| Current Ratio: 1.08 > 1.5 & < 3 |
| Outstanding Shares: last quarter (66.9m) vs 12m ago 2.52% < -2% |
| Gross Margin: 32.20% > 18% (prev 60.08%; Δ -27.88% > 0.5%) |
| Asset Turnover: 57.73% > 50% (prev 59.35%; Δ -1.62% > 0%) |
| Interest Coverage Ratio: 2.78 > 6 (EBIT TTM 210.0m / Interest Expense TTM 75.5m) |
| DSRI: 1.01 (Receivables 148.1m/150.5m, Revenue 1.39b/1.42b) |
| GMI: 1.87 (GM 60.08% / 32.20%) |
| AQI: 0.99 (AQ_t 0.55 / AQ_t-1 0.55) |
| SGI: 0.98 (Revenue 1.39b / 1.42b) |
| TATA: -0.03 (NI 133.4m - CFO 206.0m) / TA 2.43b) |
| Beneish M = -2.26 (Cap -4..+1) = BBB |
As of July 09, 2026, the stock is trading at USD 18.11 with a total of 122,731 shares traded. Over the past week, the price has changed by +5.91%, over one month by -5.28%, over three months by -8.96% and over the past year by +6.20%.
Current recommended Stop Loss: 17.40 (which is 3.9% or 1.4 ATR below the current price).
Suburban Propane has received a consensus analysts rating of 3.00. Therefore, it is recommended to hold SPH.
- StrongBuy: 1
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 17 | -6.1% |
P/E Trailing = 9.1173
P/E Forward = 16.6113
P/S = 0.851
P/B = 1.5616
P/EG = 1.2114
Revenue TTM = 1.39b USD
EBIT TTM = 210.0m USD
EBITDA TTM = 280.5m USD
Long Term Debt = 1.26b USD (from longTermDebt, last quarter)
Short Term Debt = 31.0m USD (from shortTermDebt, last quarter)
Debt = 1.40b USD (corrected: LT Debt 1.26b + ST Debt 31.0m) + Leases 105.5m
Net Debt = 1.39b USD (calculated: Debt 1.40b - CCE 4.29m)
Enterprise Value = 2.58b USD (1.19b + Debt 1.40b - CCE 4.29m)
Interest Coverage Ratio = 2.78 (Ebit TTM 210.0m / Interest Expense TTM 75.5m)
EV/FCF = 19.43x (Enterprise Value 2.58b / FCF TTM 132.6m)
FCF Yield = 5.15% (FCF TTM 132.6m / Enterprise Value 2.58b)
FCF Margin = 9.52% (FCF TTM 132.6m / Revenue TTM 1.39b)
Net Margin = 9.57% (Net Income TTM 133.4m / Revenue TTM 1.39b)
Gross Margin = 32.20% ((Revenue TTM 1.39b - Cost of Revenue TTM 944.5m) / Revenue TTM)
Gross Margin QoQ = 34.35% (prev 25.54%)
Tobins Q-Ratio = 1.06 (Enterprise Value 2.58b / Total Assets 2.43b)
Interest Expense / Debt = 5.41% (Interest Expense 75.5m / Debt 1.40b)
Taxrate = 0.85% (1.14m / 134.5m)
NOPAT = 208.2m (EBIT 210.0m * (1 - 0.85%))
Current Ratio = 1.08 (Total Current Assets 267.5m / Total Current Liabilities 247.8m)
Debt / Equity = 1.88 (Debt 1.40b / totalStockholderEquity, last quarter 743.9m)
Debt / EBITDA = 4.96 (Net Debt 1.39b / EBITDA 280.5m)
Debt / FCF = 10.49 (Net Debt 1.39b / FCF TTM 132.6m)
Total Stockholder Equity = 653.7m (last 4 quarters mean from totalStockholderEquity)
RoA = 5.53% (Net Income 133.4m / Total Assets 2.43b)
RoE = 20.40% (Net Income TTM 133.4m / Total Stockholder Equity 653.7m)
RoCE = 10.98% (EBIT 210.0m / Capital Employed (Equity 653.7m + L.T.Debt 1.26b))
RoIC = 9.44% (NOPAT 208.2m / Invested Capital 2.21b)
WACC = 6.01% (E(1.19b)/V(2.58b) * Re(6.77%) + D(1.40b)/V(2.58b) * Rd(5.41%) * (1-Tc(0.01)))
Discount Rate = 6.77% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 82.22 | Cagr: 1.72%
[DCF] Terminal Value 77.97% ; FCFF base≈107.7m ; Y1≈123.4m ; Y5≈181.6m
[DCF] Fair Price = 20.23 (EV 2.73b - Net Debt 1.39b = Equity 1.34b / Shares 66.3m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 60.76 | EPS CAGR: 6.04% | SUE: 1.76 | # QB: 1
Revenue Correlation: 8.47 | Revenue CAGR: 0.28% | SUE: -0.18 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.15 | Chg30d=+21.05% | Revisions=+25% | Analysts=1
EPS current Year (2026-09-30): EPS=2.04 | Chg30d=+6.81% | Revisions=+25% | GrowthEPS=+4.5% | GrowthRev=-3.0%
EPS next Year (2027-09-30): EPS=1.97 | Chg30d=+6.49% | Revisions=+25% | GrowthEPS=-3.4% | GrowthRev=+4.5%