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Suburban Propane Partners

SPH

Suburban Propane Partners is a leading nationwide marketer and distributor of energy products, specializing in the retail distribution of propane, fuel oil, and refined fuels.

Market cap
$1.21B-0.2%
Revenue$1.4B-2.2%
Net income$305.6M+121%
Free cash flow$132.6M+88.9%
EPS (diluted)$4.62+117%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$255.0M
EPS estimate-$0.17

Financials

Q2 2026

Income statement

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Revenue$551.2M-6.2%
Gross profit$343.7M-0.5%
Operating income$157.9M-0.3%
Net income$137.5M+0.3%
EPS (diluted)$2.06-1.9%

Balance sheet

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Cash & equivalents$4.3M+10.6%
Total debt$1.4B-4.1%
Total assets$2.4B+1.1%

Cash flow

See full
Operating cash flow$116.3M+190%
CapEx$24.7M+28.1%
Free cash flow$91.5M+340%

Valuation & ratios

Valuation

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Market cap$1.21B-0.2%
Enterprise value$2.58B+1.1%
P/E
P/S0.9×0.0×

Profitability

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Gross margin63.2%+3.1pp
Operating margin16.6%
FCF margin9.5%+4.6pp

Returns & leverage

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Current ratio1.1×0.0×

Segments

By segment

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Propane$491.1M-6.5%
Fuel Oil And Refined Fuels$32.4M-3.0%
All Other Segments$18.9M-5.4%
Natural Gas And Electricity$8.8M-2.7%

By product

See full
Propane$491.1M-6.5%
Fuel Oil And Refined Fuels$32.4M-3.0%
Other Sales Revenue Net$18.9M-5.4%
Natural Gas And Electricity$8.8M-2.7%

Competitors

Profile

Suburban Propane Partners is a leading nationwide marketer and distributor of energy products, specializing in the retail distribution of propane, fuel oil, and refined fuels. The company serves approximately one million customers across residential, commercial, industrial, and agricultural sectors through an extensive network of over 750 locations. Beyond traditional fuels, the partnership is actively expanding into renewable energy solutions, including renewable propane, renewable natural gas (RNG), and hydrogen technologies.

Competitive position

The third-largest retail marketer of propane in the United States, maintaining a significant presence in the East and West Coast regions.

GeographiesUnited States, Alaska, Canada
Customer segmentsResidential, Commercial, Industrial, Agricultural
Business modelRetail Distribution, Direct-to-Consumer, Energy Service Provider
SuppliersNatural gas processing plants, Petroleum refineries, Wholesale propane suppliers, Pipeline and terminal operators, Dairy farms for RNG feedstock
CustomersHomeowners, Small business owners, Industrial forklift operators, Local gas utilities, Agricultural crop dryers
Listed1996
Employees3.2K
CEOMichael A. Stivala
SectorUtilities
FilingsSEC EDGAR

Questions, answered.

What is Suburban Propane Partners's market cap?
Suburban Propane Partners (SPH) has a market capitalization of $1.2B and trades on NYSE.
What is Suburban Propane Partners's revenue and profitability?
Suburban Propane Partners generated $1.4B in trailing twelve-month revenue with net income of $305.6M, representing a net margin of 10.1%. Gross margin stands at 63.2%, with free cash flow of $132.6M. These figures are based on the Q1 2026 filing.
Who are Suburban Propane Partners's competitors?
Suburban Propane Partners's key competitors include Star Group, L.P. Common Units Representing Limited Partner Interest, Southwest Gas Holdings, Inc., MPLX LP, and others. These companies compete in similar markets and product categories.
Who does Suburban Propane Partners partner with?
Suburban Propane Partners's notable partners include Energy Transfer LP, Targa Liquids Marketing and Trade LLC, American Red Cross, and others.
What subsidiaries does Suburban Propane Partners have?
Suburban Propane Partners's subsidiaries include Suburban Propane, L.P., Suburban Heating Oil Partners, LLC, Agway Energy Services, LLC, and others.
Where is Suburban Propane Partners headquartered?
Suburban Propane Partners is headquartered in United States of America and employs approximately 3,240 people. It has been publicly traded since 1996.