SPH Stock Analysis: Suburban Propane | NYSE
Utilities - Regulated Gas | NYSE, USA | Market Cap: 1.187m USD | 12M Return: 2.5% | US8644821048 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.60M
EPS Trend: 52.3%
Qual. Beats: -1
Rev. Trend: 26.7%
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: 130.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 0.81 > 1.0 |
| NWC/Revenue: -3.87% < 20% (prev -5.27%; Δ 1.41% < -1%) |
| CFO/TA 0.11 > 3% & CFO 250.0m > Net Income 130.7m |
| Net Debt (1.43b) to EBITDA (275.6m): 5.18 < 3 |
| Current Ratio: 0.78 > 1.5 & < 3 |
| Outstanding Shares: last quarter (66.7m) vs 12m ago 1.99% < -2% |
| Gross Margin: 32.16% > 18% (prev 59.87%; Δ -27.72% > 0.5%) |
| Asset Turnover: 59.71% > 50% (prev 61.77%; Δ -2.07% > 0%) |
| Interest Coverage Ratio: 2.74 > 6 (EBIT TTM 207.2m / Interest Expense TTM 75.5m) |
| DSRI: 1.09 (Receivables 84.7m/79.9m, Revenue 1.39b/1.43b) |
| GMI: 1.86 (GM 59.87% / 32.16%) |
| AQI: 0.99 (AQ_t 0.57 / AQ_t-1 0.57) |
| SGI: 0.98 (Revenue 1.39b / 1.43b) |
| TATA: -0.05 (NI 130.7m - CFO 250.0m) / TA 2.36b) |
| Beneish M = -2.20 (Cap -4..+1) = BB |
As of August 24, 2026, the stock is trading at USD 17.65 with a total of 166,164 shares traded. Over the past week, the price has changed by -0.56%, over one month by -2.07%, over three months by -10.02% and over the past year by +2.51%.
Current recommended Stop Loss: 17.00 (which is 3.7% or 1.5 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 | -3.7% |
P/E Trailing = 9.0765
P/E Forward = 16.6113
P/S = 0.8512
P/B = 1.643
P/EG = 1.2114
Revenue TTM = 1.39b USD
EBIT TTM = 207.2m USD
EBITDA TTM = 275.6m USD
Long Term Debt = 1.22b USD (from longTermDebt, last quarter)
Short Term Debt = 29.9m USD (from shortTermDebt, last quarter)
Debt = 1.43b USD (from shortLongTermDebtTotal, last quarter) + Leases 103.8m
Net Debt = 1.43b USD (calculated: Debt 1.43b - CCE 5.03m)
Enterprise Value = 2.61b USD (1.19b + Debt 1.43b - CCE 5.03m)
Interest Coverage Ratio = 2.74 (Ebit TTM 207.2m / Interest Expense TTM 75.5m)
EV/FCF = 20.85x (Enterprise Value 2.61b / FCF TTM 125.4m)
FCF Yield = 4.80% (FCF TTM 125.4m / Enterprise Value 2.61b)
FCF Margin = 8.99% (FCF TTM 125.4m / Revenue TTM 1.39b)
Net Margin = 9.37% (Net Income TTM 130.7m / Revenue TTM 1.39b)
Gross Margin = 32.16% ((Revenue TTM 1.39b - Cost of Revenue TTM 946.0m) / Revenue TTM)
Gross Margin QoQ = 61.34% (prev 34.35%)
Tobins Q-Ratio = 1.11 (Enterprise Value 2.61b / Total Assets 2.36b)
Interest Expense / Debt = 5.27% (Interest Expense 75.5m / Debt 1.43b)
Taxrate = 0.82% (1.08m / 131.7m)
NOPAT = 205.5m (EBIT 207.2m * (1 - 0.82%))
Current Ratio = 0.78 (Total Current Assets 194.0m / Total Current Liabilities 247.9m)
Debt / Equity = 2.01 (Debt 1.43b / totalStockholderEquity, last quarter 713.0m)
Debt / EBITDA = 5.18 (Net Debt 1.43b / EBITDA 275.6m)
Debt / FCF = 11.38 (Net Debt 1.43b / FCF TTM 125.4m)
Total Stockholder Equity = 670.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 5.59% (Net Income 130.7m / Total Assets 2.36b)
RoE = 19.49% (Net Income TTM 130.7m / Total Stockholder Equity 670.4m)
RoCE = 10.94% (EBIT 207.2m / Capital Employed (Equity 670.4m + L.T.Debt 1.22b))
RoIC = 9.64% (NOPAT 205.5m / Invested Capital 2.13b)
WACC = 5.65% (E(1.19b)/V(2.62b) * Re(6.15%) + D(1.43b)/V(2.62b) * Rd(5.27%) * (1-Tc(0.01)))
Discount Rate = 6.15% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 94.34 | Cagr: 1.27%
[DCF] Terminal Value 77.97% ; FCFF base≈116.9m ; Y1≈134.1m ; Y5≈197.3m
[DCF] Fair Price = 23.12 (EV 2.97b - Net Debt 1.43b = Equity 1.54b / Shares 66.7m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 52.27 | EPS CAGR: 4.51% | SUE: -1.23 | # QB: -1
Revenue Correlation: 26.71 | Revenue CAGR: 0.85% | SUE: 0.05 | # QB: 0
EPS current Quarter (2026-12-31): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-09-30): EPS=1.93 | Chg30d=-5.39% | Revisions=+25% | GrowthEPS=-1.2% | GrowthRev=-2.3%
EPS next Year (2027-09-30): EPS=2.08 | Chg30d=+5.58% | Revisions=+25% | GrowthEPS=+7.8% | GrowthRev=+3.8%