Suburban Propane Partners LP (SPH)

Official site

UTILITIES • UTILITIES - REGULATED GAS • NYSE

$17.27

+0.11 (+0.64%)

Market Cap: $1.15B

Last updated: Oct 16, 2026 at 5:00 PM ET

Earnings

Performance (10Y)

Beat Rate

38%(15/39)

Avg Surprise

-1.73%

Upcoming Estimates

Period ending Sep 30, 2026

EPS Consensus$-0.65

Range$-0.65 - $-0.65

1 analysts

Revenue Consensus

$178M

Range$178M - $178M

1 analysts

Period ending Dec 31, 2026

EPS Consensus$N/A

Revenue Consensus

Range$0 - $0

0 analysts

Period	Reported	Est.	Range	Surprise	B/M	Analysts	Revisions	YoY
Dec 31, 2026Dec 26EST	-	N/A	-	-	-	-	-	-
Sep 30, 2026Sep 26EST	-	$-0.65	$-0.65 - $-0.65	-	-	1	-	-
Jun 30, 2026Jun 26 Reported Aug 6, 2026Reported Aug 6	$-0.26	$-0.16	$-0.16 - $-0.16	-62.50%	Miss	1	1 0 30d	-13.0%
Mar 31, 2026Mar 26 Reported May 7, 2026Reported May 7	$2.08	$1.98	$1.98 - $1.98	+5.05%	Beat	1	No revisions (30d)	-1.0%
Dec 31, 2025Dec 25 Reported Feb 5, 2026Reported Feb 5	$0.70	$0.75	$0.75 - $0.75	-6.67%	Miss	1	No revisions (30d)	+20.7%
Sep 30, 2025Sep 25 Reported Nov 13, 2025Reported Nov 13	$-0.54	$-0.51	$-0.51 - $-0.51	-5.88%	Miss	1	1 0 30d	+0.0%
Jun 30, 2025Jun 25 Reported Aug 7, 2025Reported Aug 7	$-0.23	$-0.19	$-0.19 - $-0.19	-21.05%	Miss	1	0 1 30d	-91.7%
Mar 31, 2025Mar 25 Reported May 8, 2025Reported May 8	$2.10	$2.21	$2.21 - $2.21	-4.98%	Miss	1	1 0 30d	+22.8%
Dec 31, 2024Dec 24 Reported Feb 6, 2025Reported Feb 6	$0.58	$0.76	$0.76 - $0.76	-23.68%	Miss	0	No revisions (30d)	-7.9%
Sep 30, 2024Sep 24 Reported Nov 14, 2024Reported Nov 14	$-0.54	$-0.48	$-0.48 - $-0.48	-12.50%	Miss	1	1 0 30d	-3.8%
Jun 30, 2024Jun 24 Reported Aug 8, 2024Reported Aug 8	$-0.12	$-0.12	$-0.12 - $-0.12	+0.00%	Beat	1	1 0 30d	-500.0%
Mar 31, 2024Mar 24 Reported May 9, 2024Reported May 9	$1.71	$1.81	$1.79 - $1.99	-5.52%	Miss	2	No revisions (30d)	-2.3%
Dec 31, 2023Dec 23 Reported Feb 8, 2024Reported Feb 8	$0.63	$0.64	$0.62 - $0.64	-1.56%	Miss	2	No revisions (30d)	-11.3%
Sep 30, 2023Sep 23 Reported Nov 9, 2023Reported Nov 9	$-0.52	$-0.44	$-0.45 - $-0.44	-18.18%	Miss	2	No revisions (30d)	+39.5%
Jun 30, 2023Jun 23 Reported Aug 3, 2023Reported Aug 3	$-0.02	N/A	-	+66.67%	Beat	2	No revisions (30d)	+50.0%
Mar 31, 2023Mar 23 Reported May 4, 2023Reported May 4	$1.75	$1.78	$1.78 - $1.78	-1.69%	Miss	1	No revisions (30d)	-36.1%
Dec 31, 2022Dec 22 Reported Feb 2, 2023Reported Feb 2	$0.71	$0.53	$0.53 - $0.53	+33.96%	Beat	1	No revisions (30d)	+108.8%
Sep 30, 2022Sep 22 Reported Nov 10, 2022Reported Nov 10	$-0.86	$-0.45	$-0.45 - $-0.45	-91.11%	Miss	0	No revisions (30d)	-230.8%
Jun 30, 2022Jun 22 Reported Aug 4, 2022Reported Aug 4	$-0.04	N/A	-	+77.78%	Beat	-	-	+90.2%
Mar 31, 2022Mar 22 Reported May 5, 2022Reported May 5	$2.74	$2.04	$2.04 - $2.04	+34.31%	Beat	0	No revisions (30d)	+35.6%
Dec 31, 2021Dec 21 Reported Feb 3, 2022Reported Feb 3	$0.34	N/A	-	-55.84%	Miss	0	No revisions (30d)	-35.8%
Sep 30, 2021Sep 21 Reported Nov 10, 2021Reported Nov 10	$-0.26	N/A	-	+60.00%	Beat	2	3 0 30d	+60.6%
Jun 30, 2021Jun 21 Reported Aug 5, 2021Reported Aug 5	$-0.41	$-0.42	$-0.43 - $-0.41	+2.38%	Beat	2	No revisions (30d)	-64.0%
Mar 31, 2021Mar 21 Reported May 6, 2021Reported May 6	$2.02	$1.74	$1.73 - $1.74	+16.09%	Beat	2	1 0 30d	+64.2%
Dec 31, 2020Dec 20 Reported Feb 4, 2021Reported Feb 4	$0.53	$0.62	$0.62 - $0.63	-14.52%	Miss	2	No revisions (30d)	-11.7%
Sep 30, 2020Sep 20 Reported Nov 12, 2020Reported Nov 12	$-0.66	$-0.76	$-0.78 - $-0.74	+13.16%	Beat	2	1 0 30d	+18.5%
Jun 30, 2020Jun 20 Reported Aug 6, 2020Reported Aug 6	$-0.25	N/A	-	+54.55%	Beat	3	1 0 30d	+46.8%
Mar 31, 2020Mar 20 Reported May 7, 2020Reported May 7	$1.23	$1.60	$1.56 - $1.69	-23.13%	Miss	3	No revisions (30d)	-32.0%
Dec 31, 2019Dec 19 Reported Feb 6, 2020Reported Feb 6	$0.60	$0.76	$0.56 - $0.76	-21.05%	Miss	4	2 0 30d	-14.3%
Sep 30, 2019Sep 19 Reported Nov 14, 2019Reported Nov 14	$-0.81	$-0.76	$-0.84 - $-0.76	-6.58%	Miss	3	1 0 30d	+4.7%
Jun 30, 2019Jun 19 Reported Aug 8, 2019Reported Aug 8	$-0.47	$-0.42	$-0.47 - $-0.37	-11.90%	Miss	3	No revisions (30d)	-42.4%
Mar 31, 2019Mar 19 Reported May 9, 2019Reported May 9	$1.81	$1.79	$1.79 - $1.91	+1.12%	Beat	3	No revisions (30d)	+1.1%
Dec 31, 2018Dec 18 Reported Feb 7, 2019Reported Feb 7	$0.70	$0.76	$0.69 - $0.81	-7.89%	Miss	4	No revisions (30d)	-1.4%
Sep 30, 2018Sep 18 Reported Nov 15, 2018Reported Nov 15	$-0.85	$-0.86	$-0.86 - $-0.86	+1.16%	Beat	0	No revisions (30d)	+2.3%
Jun 30, 2018Jun 18 Reported Aug 9, 2018Reported Aug 9	$-0.33	$-0.45	$-0.47 - $-0.45	+26.67%	Beat	4	2 0 30d	+31.2%
Mar 31, 2018Mar 18 Reported May 10, 2018Reported May 10	$1.79	$2.16	$1.80 - $2.59	-17.13%	Miss	5	1 0 30d	+25.2%
Dec 31, 2017Dec 17 Reported Feb 8, 2018Reported Feb 8	$0.71	$0.88	$0.83 - $0.97	-19.32%	Miss	5	1 0 30d	+26.8%
Sep 30, 2017Sep 17 Reported Nov 16, 2017Reported Nov 16	$-0.87	$-0.84	$-0.99 - $-0.81	-3.57%	Miss	5	No revisions (30d)	-
Jun 30, 2017Jun 17 Reported Aug 3, 2017Reported Aug 3	$-0.48	$-0.63	$-0.74 - $-0.46	+23.81%	Beat	8	1 0 30d	-
Mar 31, 2017Mar 17 Reported May 4, 2017Reported May 4	$1.43	$2.02	-	-29.21%	Miss	-	-	-
Dec 31, 2016Dec 16 Reported Feb 2, 2017Reported Feb 2	$0.56	$0.69	-	-18.84%	Miss	-	-	-

Dividends

Dividend Metrics

Forward Yield7.53%

Forward Annual Dividend$1.30

Payout Ratio47.78%

FrequencyQuarterly

Pay MonthsFeb, May, Aug, Nov

Growth

3Y CAGR+0.00%

5Y CAGR-6.30%

SPH dividend history and ex-dividend dates Run SPH in the free DRIP calculator

Key Metrics

Valuation
P/E Ratio	8.72	EV/EBITDA	8.56x
Price/FCF	11.37x	FCF Yield	8.80%
Profitability
Profit Margin	9.37%	Operating Margin	0.78%
ROE	19.20%	ROIC	10.67%
Financial Health
Debt/Equity	1.72x	Interest Coverage	2.72x
Current Ratio	0.78x	Quick Ratio	0.52x
Trading Statistics
Beta	0.39	Avg Volume	204.57K
52-Week High	$20.18	52-Week Low	$16.24

Technical Indicators Dashboard

Moving Averages

SMA 10$16.90

SMA 20$16.81

SMA 50$17.26

SMA 200$18.45

EMA 10$17.00

EMA 20$16.97

EMA 50$17.22

EMA 200$18.06

MACD

Line: -0.03Signal: -0.14Hist: 0.10

ADX

ADX: 23.2+DI: 29.1-DI: 15.3

Aroon & PSAR

Aroon UpN/A

Aroon Down68.0

PSAR$16.41

Bollinger Bands

Upper Band$17.36

Lower Band$16.27

%B Position647%(Upper)

Band Width0.92

RSI (14-Day)

Neutral

57.3

Momentum Oscillators

Stoch %K91.0

Stoch %D87.4

Williams %R-2.9

ROC (10d)4.0%

Momentum0.66

CCI (20d)130.3

MFI (14d)47.4

Volatility Measures

ATR (14d)$0.28(1.6%)

StdDev (20d)0.27

Hist Vol15.8%(Low)

Volume Flow

VWAP$17.24

OBV-4.2M

AD Line-112.4M

CMF (20d)0.005

Volume Metrics

Avg Vol (20d)202.2K

Vol Ratio0.9x

VWMA (20d)$16.76

Pivot Points

R3$17.39

R2$17.32

R1$17.24

Pivot Point$17.17

S1$17.09

S2$17.02

S3$16.94

Advanced Oscillators

TSI-3.74

Ultimate Osc57.8

KST-27.03

Financial Data

Quarter	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Total Revenue	$261.38M	$551.21M	$370.39M	$211.38M	$260.15M	$587.66M	$373.33M	$208.64M	$254.61M	$498.09M	$365.83M	$226.59M
Cost of Revenue	$101.05M	$207.50M	$130.84M	$74.62M	$99.56M	$242.36M	$147.16M	$84.62M	$94.40M	$190.12M	$153.05M	$65.42M
Gross Profit	$160.33M	$343.71M	$239.55M	$136.75M	$160.59M	$345.30M	$226.17M	$124.02M	$160.21M	$307.97M	$212.78M	$161.17M

Operating Expenses	$158.10M	$185.79M	$171.90M	$153.51M	$155.00M	$186.89M	$167.10M	$146.57M	$152.02M	$171.11M	$164.03M	$157.18M
R&D	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
SG&A	$141.43M	$169.54M	$155.03M	$134.90M	$136.26M	$169.29M	$150.01M	$129.09M	$135.64M	$154.38M	$147.64M	$139.98M
Operating Income	$2.22M	$157.91M	$67.65M	$-16,755,000	$5.59M	$158.41M	$59.06M	$-22,548,000	$8.19M	$136.86M	$48.75M	$3.99M

Interest Income	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Interest Expense	$18.85M	$19.69M	$20.94M	$17.20M	$18.88M	$20.57M	$19.61M	$18.05M	$18.43M	$20.13M	$18.19M	$18.80M
Income Before Tax	$-17,345,000	$137.66M	$46.01M	$-34,589,000	$-14,593,000	$137.12M	$19.98M	$-44,379,000	$-16,948,000	$111.53M	$24.70M	$-20,611,000
Income Tax Expense	$182,000	$120,000	$231,000	$547,000	$242,000	$-4,000	$563,000	$210,000	$243,000	$32,000	$249,000	$247,000

Net Income	$-17,527,000	$137.54M	$45.78M	$-35,136,000	$-14,835,000	$137.12M	$19.42M	$-44,589,000	$-17,191,000	$111.50M	$24.45M	$-20,858,000

EBITDA	$18.18M	$173.61M	$83.81M	$1.22M	$23.02M	$175.28M	$56.69M	$-8,851,000	$17.86M	$148.39M	$59.29M	$15.39M
EBIT	$1.50M	$157.36M	$66.95M	$-17,384,000	$4.29M	$157.68M	$39.59M	$-26,329,000	$1.48M	$131.67M	$42.90M	$-1,816,000

* Some calculated fields are derived from available data when not provided by source

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Government Contracts

Gov Obligations (TTM)

$510819

Gov Obligations / Revenue

0.0%

Obligations YoY

N/A

Active Awards

New Awards (TTM)

Avg Remaining Term

2.8 mo

Top agency: Department of the Interior at 63.3% of trailing twelve month obligations across 3 agencies

Recent Awards

Award ID	Agency	Obligated	Start	End	Description
140P8426F0001	Department of the InteriorNational Park Service	$347594	Oct 16, 2025	Sep 14, 2026	PARK-WIDE PROPANE AND MAINTENANCE FOR YOSEMITE NP
SP330026P0123	Department of DefenseDefense Logistics Agency	$127600	Nov 19, 2025	Nov 20, 2026	8511756876!A
W912D026FA045	Department of DefenseDepartment of the Army	$30000	Jan 26, 2026	Sep 30, 2026	BLANKET PURCHASE AGREEMENT (BPA) FOR PROPANE DELIVERY IN SUPPORT OF THE DEPARTMENT OF PUBLIC WORKS (DPW) ON FORT WAINWRIGHT, ALASKA. (PROPANE - SEWARD ARMY REC CAMP, SEWARD, ALASKA)
W911SG26PA004	Department of DefenseDepartment of the Army	$28269	Jan 23, 2026	Jan 28, 2026	PURCHASE SUPPLY OF PROPANE
140P8526F0050	Department of the InteriorNational Park Service	$23747	Sep 15, 2025	Oct 15, 2025	PARK-WIDE PROPANE AND MAINTENANCE FOR YOSEMITE NP
140P8425P0053	Department of the InteriorNational Park Service	$22723	Aug 12, 2025	Jul 31, 2026	PROPANE DELIVERIES, LEASE TANK REPLACEMENTS, AND MONTHLY RENT OF LEASED TANKS, FOR PINNACLES NATIONAL PARK (PINN)
W912D026FA047	Department of DefenseDepartment of the Army	$15000	Jan 26, 2026	Sep 30, 2026	BLANKET PURCHASE AGREEMENT (BPA) FOR PROPANE DELIVERY IN SUPPORT OF THE DEPARTMENT OF PUBLIC WORKS (DPW) ON FORT WAINWRIGHT, ALASKA. *PROPANE - EAS FORT GREELY CAC, FORT GREELY, ALASKA
W912D026FA046	Department of DefenseDepartment of the Army	$15000	Jan 26, 2026	Sep 30, 2026	BLANKET PURCHASE AGREEMENT (BPA) FOR PROPANE DELIVERY IN SUPPORT OF THE DEPARTMENT OF PUBLIC WORKS (DPW) ON FORT WAINWRIGHT, ALASKA.
W912D026FA054	Department of DefenseDepartment of the Army	$6000	Feb 13, 2026	Feb 13, 2026	BLANKET PURCHASE AGREEMENT (BPA) FOR PROPANE DELIVERY IN SUPPORT OF THE DEPARTMENT OF PUBLIC WORKS (DPW) ON FORT WAINWRIGHT, ALASKA. *PROPANE - LRC BLDG 3030 AND BLDG 2210, FORT WAINWRIGHT, ALASKA
70LCHE25PPFB00004	Department of Homeland SecurityFederal Law Enforcement Training Center	$2144	Oct 1, 2025	Sep 30, 2030	PROPANE FOR FORKLIFTS (CHELTENHAM, MD) SECTION 2(D) EXCEPTION

Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.

News

Suburban Propane Partners, L.P. (NYSE:SPH) Shares Shorted: Short Interest Up 67.4% in September

Short interest in Suburban Propane Partners (NYSE:SPH) surged by 67.4% in September, reaching 483,416 shares. Analyst sentiment has weakened...

MarketBeat•Oct 16, 2026 7:10 AM ET10/16/26•Somewhat-Bearish

Alerian ETF reports 23.01 percent stake in Suburban Propane stock

ALPS Advisors and Alerian MLP ETF have reported a 23.01% stake in Suburban Propane Partners (SPH), holding 15,353,307 common units with shared voting and dispositive power. This ownership filing follows a recent fiscal...

ad-hoc-news.de•Oct 15, 2026 9:01 PM ET10/15/26•Neutral

Suburban Propane reports a loss: what it means for SPH stock

Suburban Propane (SPH) reported a loss of USD 17.53 million for fiscal Q3 2026, with revenue of USD 261.38 million falling short of the USD 264.00 million expectation. This performance...

ad-hoc-news.de•Oct 13, 2026 11:13 PM ET10/13/26•Somewhat-Bearish

The same passive stake is reported under two names at Suburban Propane (SPH).

An amended Schedule 13G filing for Suburban Propane Partners LP (SPH) reveals that ALPS Advisors, Inc. and Alerian MLP ETF each report a 23.01% passive stake...

Stock Titan•Oct 7, 2026 5:00 PM ET10/7/26•Neutral

Suburban Propane Partners stock reports a wider third quarter loss

Suburban Propane Partners (SPH) reported a wider fiscal Q3 loss of USD 17.53 million, although revenue of USD 261.38 million surpassed analyst estimates by USD 6.38 million. Despite the revenue beat...

AD HOC NEWS•Oct 7, 2026 4:00 PM ET10/7/26•Somewhat-Bearish

SPH Valuation and Fair Value

P/E: 8.7x
Forward P/E: 16.6x
EV/EBITDA: 8.6x
P/FCF: 11.4x
PEG: 1.2x
P/B: 1.6x

See GNG's fair value

SPH Profitability: Margins, ROIC and FCF

Gross margin: 63.1%
Operating margin: 0.8%
Net margin: 9.4%
ROIC: 10.7%
ROE: 19.2%
FCF yield: 8.8%

SPH Competitors

Company	Ticker
Fluence Energy Inc	FLNC
Middlesex Water Company	MSEX
Hawaiian Electric Industries Inc	HE
UNITIL Corporation	UTL
Centuri Holdings, Inc.	CTRI
Empresa Distribuidora y Comercializadora Norte SA ADR	EDN
Northwest Natural Gas Co	NWN
Entergy Arkansas LLC Deb 2066	EAI

Sector: Utilities

SPH Bull Case vs Bear Case

Bear case

SPH beat EPS estimates in 12.5% of its last 8 reported quarters.
50.0% of SPH's analyst ratings are Sell or Strong Sell.

SPH Earnings: Beat Rate and Next Report

Beat rate: 1 of 8 quarters (12.5%)
Average surprise: -16.5%
EPS estimate (fiscal period ending Sep 30, 2026): $-0.65

SPH Dividend

Forward yield: 7.5%
Payout ratio: 47.8%
3Y DPS growth: 0.0%
5Y DPS growth: -6.3%
Pay months: Feb, May, Aug, Nov

SPH dividend history

Frequently Asked Questions About SPH

What is SPH's current dividend yield?

Suburban Propane Partners LP (SPH) has a forward dividend yield of 7.53%.

Does SPH pay dividends?

Yes, Suburban Propane Partners LP pays dividends with a forward dividend yield of 7.53%.

What is SPH's P/E ratio?

Suburban Propane Partners LP has a price-to-earnings (P/E) ratio of 8.72.

What is SPH's market cap?

Suburban Propane Partners LP (SPH) has a market capitalization of $1.15B with a current stock price of $17.27.

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