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Overview
Suburban Propane Partners delivers propane, fuel oil and related services to homes and businesses, and also markets natural gas and electricity. It serves more than 1 million customers from over 700 locations across 41 states. Its products are distributed to customers through a network of local locations and service teams that focus on safe handling, reliable delivery and responsive customer service, making propane and other fuels accessible for heating, cooking and energy needs. The company differentiates itself with a long history (over 90 years), a nationwide footprint, and programs like SuburbanCares and Go Green with Suburban Propane that support local communities, employee development, and efforts to reduce emissions and move toward a zero-carbon future. Its goal is to provide dependable energy solutions while improving safety, supporting communities, and advancing cleaner energy options by expanding the role of propane as a flexible, clean-burning energy bridge.
About Suburban Propane
Industries
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Hanover Township, New Jersey
Founded
1928
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Simplify's Take
What believers are saying
- May 7, 2026 debt fell $64.3 million, and June leverage improved to 4.34x.
- June 23, 2026 renewable-propane EV-charging demo broadened low-carbon fuel opportunities.
- August 3, 2026 Ross Chastain partnership strengthened Suburban’s agriculture and NASCAR branding.
What critics are saying
- August 6, 2026 third-quarter EBITDA fell to $18 million after warm weather.
- The ATM program funded $6.6 million of debt repayment, diluting common-unitholders.
- If home-heating demand erodes by 2030, Suburban’s propane network faces stranded assets.
What makes Suburban Propane unique
- Suburban spans 700 locations across 42 states, serving one million customers since 1928.
- Its RNG and renewable-propane platform differentiates SPH from pure propane distributors.
- NASCAR coverage at 21 racetracks creates visible, sticky B2B energy-service relationships.
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Funding
Total Funding
$850M
Above
Industry Average
Funded Over
2 Rounds
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Paid Vacation
401(k) Retirement Plan
401(k) Company Match
Disability Insurance
Life Insurance
Tuition Reimbursement
Training Programs
Professional Development Budget
Paid Sick Leave
Performance Bonus
Stock Price
Company News
Suburban Propane Partners (NYSE:SPH) downgraded by zacks research to "hold" Zacks Research downgraded shares of Suburban Propane Partners (NYSE:SPH - Free Report) from a strong-buy rating to a hold rating in a research report released on Monday morning,Zacks reports. Track Stocks Bonds A number of other equities analysts have also recently issued reports on the stock. Weiss Ratings cut shares of Suburban Propane Partners from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, August 19th. Wall Street Zen lowered shares of Suburban Propane Partners from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy". Suburban Propane Partners stock performance. Discover more Trade Financial Derivatives Join Trading Exchanges NYSE:SPH opened at $17.40 on Monday. The firm has a market cap of $1.16 billion, a PE ratio of 8.88, a price-to-earnings-growth ratio of 2.14 and a beta of 0.41. Suburban Propane Partners has a fifty-two week low of $16.53 and a fifty-two week high of $20.80. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.52 and a current ratio of 0.78. The business has a 50 day moving average price of $17.91 and a 200-day moving average price of $18.94. Suburban Propane Partners (NYSE:SPH - Get Free Report) last issued its earnings results on Thursday, August 6th. The energy company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.11). Suburban Propane Partners had a return on equity of 18.57% and a net margin of 9.37%.The firm had revenue of $261.38 million during the quarter, compared to analysts' expectations of $255.00 million. Equities research analysts predict that Suburban Propane Partners will post 2.05 earnings per share for the current year. Suburban Propane Partners dividend announcement. The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Tuesday, August 4th were issued a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date was Tuesday, August 4th. Suburban Propane Partners's dividend payout ratio is currently 66.33%. Take Economics Courses Insider buying and selling. In related news, VP Bryon L. Koepke sold 2,848 shares of Suburban Propane Partners stock in a transaction on Monday, August 31st. The shares were sold at an average price of $17.65, for a total value of $50,267.20. Following the sale, the vice president owned 100,714 shares in the company, valued at $1,777,602.10. The trade was a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.10% of the stock is owned by insiders. Institutional inflows and outflows. Several institutional investors have recently added to or reduced their stakes in SPH. Alps Advisors Inc. lifted its position in shares of Suburban Propane Partners by 5.1% in the 4th quarter. Alps Advisors Inc. now owns 15,051,196 shares of the energy company's stock worth $279,049,000 after purchasing an additional 724,170 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Suburban Propane Partners by 4.8% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,177,601 shares of the energy company's stock valued at $77,912,000 after buying an additional 192,154 shares during the period. Goldman Sachs Group Inc. raised its stake in Suburban Propane Partners by 11.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,370,534 shares of the energy company's stock worth $28,795,000 after buying an additional 142,547 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Suburban Propane Partners by 4.9% in the fourth quarter. JPMorgan Chase & Co. now owns 1,314,268 shares of the energy company's stock worth $24,367,000 after buying an additional 61,818 shares during the period. Finally, UBS Group AG lifted its stake in shares of Suburban Propane Partners by 32.1% in the 4th quarter. UBS Group AG now owns 466,798 shares of the energy company's stock valued at $8,654,000 after purchasing an additional 113,396 shares during the period. 30.94% of the stock is currently owned by institutional investors. Access Premium News About Suburban Propane Partners. Suburban Propane Partners L.P. (NYSE: SPH) is a publicly traded master limited partnership headquartered in Whippany, New Jersey, that provides propane and related energy services to residential, commercial, industrial and agricultural customers. As one of the largest propane retailers in the United States, the company delivers propane gas, heating oil, diesel fuel and natural gas throughout its service territories. In addition to fuel distribution, Suburban Propane offers HVAC installation, maintenance and repair services, as well as safety inspections and equipment leasing to support customers' energy needs. The company's core business centers on the delivery of propane for space and water heating, cooking and agricultural applications. Receive News & Ratings for Suburban Propane Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suburban Propane Partners and related companies with MarketBeat.com's FREE daily email newsletter.
Suburban Propane Partners reported a net loss of $17.5 million, or $0.26 per common unit, for its third quarter ended 27 June 2026, compared to a loss of $14.8 million in the prior year period. The company typically experiences losses in its third fiscal quarter due to seasonal business patterns. Adjusted EBITDA fell to $18.0 million from $27.0 million year-over-year. Near-record warm temperatures in April reduced heat-related demand, though counter-seasonal customer growth partially offset the impact. Retail propane gallons sold decreased 1.8% to 70.6 million gallons. Temperatures were 17% warmer than normal and 3% warmer than the prior year. During the quarter, Suburban Propane reduced debt by over $36 million using cash flows and proceeds from common unit issuances. The partnership declared a quarterly distribution of $0.325 per common unit, payable 11 August.
Suburban Propane Partners reported net income of $137.5 million, or $2.07 per common unit, for its second quarter ended 28 March 2026, compared to $137.1 million, or $2.11 per unit, in the prior year quarter. Adjusted EBITDA was $175.3 million, flat year-over-year. The propane distributor faced contrasting weather patterns across its territory, with sustained cold temperatures in the eastern United States driving strong demand, offset by record warmth in the west. Retail propane gallons sold remained flat at 161.6 million gallons. The company reduced total debt by over $64.0 million during the quarter. In its renewable natural gas operations, Suburban Propane recognised $3.5 million in production tax credits related to its Stanfield facility and expects new facilities in New York and Ohio to add approximately 200,000 MMBtu annually.
Suburban Propane expands NASCAR partnership to 21 racetracks nationwide. ROI-NJ Staff(Whippany) March 24, 2026 Suburban Propane is the official propane of NASCAR. - courtesy/Suburban Propane Suburban Propane Partners LP, a Whippany-based energy distributor, said it has expanded its partnership with NASCAR to support operations at 21 racetracks nationwide. The company announced the expanded slate will include an upcoming NASCAR event at the U.S. Naval Base in Coronado, California, and a return to Chicagoland Speedway. Suburban Propane said it provides propane-related support that helps keep race weekends operating, including fueling track dryers used after inclement weather, supplying concession operations that serve fans, and supporting campgrounds tied to race events. "The opportunity to support NASCAR at more than twenty tracks nationwide reflects both the strength of our partnership and the reliability that propane can bring to large-scale events," Nandini Sankara, Suburban Propane's vice president of marketing and brand strategy and spokesperson, said in a statement. "From drying the track to fueling concessions and campgrounds, propane helps ensure that race weekends run safely, efficiently, and without interruption." Suburban Propane framed the expansion as an extension of its role in providing dependable energy for large, live events. The company said its behind-the-scenes work helps events stay on schedule when weather affects track conditions and supports core services used throughout a race weekend. The Coronado event, Suburban Propane said, is tied to NASCAR's participation in America's 250th anniversary celebrations and will bring racing to a waterfront military installation. The company also cited the Chicagoland Speedway return as a continued opportunity to support race operations and fan engagement in that market.
Suburban Propane Partners has reported net income of $45.8 million, or $0.69 per Common Unit, for its first quarter ended 27 December 2025, up from $19.4 million, or $0.30 per Common Unit, in the prior year. Adjusted EBITDA increased 10.8% to $83.4 million. The master limited partnership sold 110.2 million retail propane gallons, up 4.2% year-on-year, driven by colder temperatures in the Northeast, Mid-Atlantic and Midwest regions. Total gross margin rose 5.9% to $239.5 million. During the quarter, Suburban Propane acquired two California propane businesses for $24 million and refinanced $350 million of senior notes due 2027 with new notes maturing in 2035. The company declared a quarterly distribution of $0.325 per Common Unit, payable 10 February 2026.
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About Suburban Propane
Industries
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Hanover Township, New Jersey
Founded
1928
There are no jobs for Suburban Propane right now.
Find jobs on Simplify and start your career today