Suburban Propane Prices $350 Million Senior Notes Offering
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 08 2025
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Source: Newsfilter
- Financing Scale: Suburban Propane announced the pricing of $350 million in 6.500% senior notes, expected to close on December 22, 2025, enhancing its capital structure to support future growth.
- Interest Rate Advantage: The notes carry an annual interest rate of 6.500% and will mature in 2035, with interest payable semi-annually, ensuring liquidity and financial stability for the company over the next decade.
- Debt Management: Suburban Propane intends to use the net proceeds from this offering, along with borrowings from its revolving credit facility, to redeem $350 million of 5.875% senior notes, thereby reducing overall financing costs and optimizing its debt structure.
- Regulatory Compliance: The notes are being offered only to qualified institutional buyers in compliance with securities laws, ensuring the company's adherence to capital market regulations and transparency.
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Analyst Views on SPH
Wall Street analysts forecast SPH stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for SPH is 17.00 USD with a low forecast of 17.00 USD and a high forecast of 17.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
0 Buy
0 Hold
1 Sell
Moderate Sell
Current: 20.410
Low
17.00
Averages
17.00
High
17.00
Current: 20.410
Low
17.00
Averages
17.00
High
17.00
No data
About SPH
Suburban Propane Partners, L.P. is a nationwide distributor of propane, renewable propane, renewable natural gas, fuel oil and related products and services, as well as a marketer of natural gas and electricity and investor in low carbon fuel alternatives. The Company's segments include propane, fuel oil and refined fuels, natural gas and electricity, and all other. The propane segment is engaged in the retail distribution of propane and renewable propane to residential, commercial, industrial, agricultural and government customers and, to a lesser extent, wholesale distribution to large industrial end users. The fuel oil and refined fuels segment is engaged in the retail distribution of fuel oil, diesel, kerosene and gasoline. The natural gas and electricity segment is engaged in the marketing of natural gas and electricity to residential and commercial customers in the deregulated energy markets of New York and Pennsylvania. The all other segment includes its service business.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Suburban Propane Partners (SPH) Declares $0.325 Quarterly Dividend with 6.62% Yield
- Quarterly Dividend Announcement: Suburban Propane Partners has declared a quarterly dividend of $0.325 per share, consistent with previous distributions, indicating the company's stable cash flow and shareholder return strategy.
- Yield Performance: The forward yield of 6.62% not only attracts income-seeking investors but also reflects the company's competitiveness in the current market environment.
- Shareholder Record Dates: The dividend will be payable on February 10, with a record date of February 3 and an ex-dividend date also set for February 3, ensuring shareholders receive their returns promptly.
- Debt Financing Plan: Suburban Propane has announced a private offering of $350 million in senior notes due 2035, aimed at optimizing its capital structure and supporting future growth strategies.
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Suburban Propane Partners Declares $0.325 Quarterly Distribution per Common Unit
- Quarterly Distribution Announcement: Suburban Propane Partners declared a quarterly distribution of $0.325 per Common Unit for the three months ended December 27, 2025, reflecting the company's stable cash flow and profitability with an annualized rate of $1.30.
- Distribution Payment Date: The distribution is set to be paid on February 10, 2026, to Common Unitholders of record as of February 3, 2026, ensuring timely returns for investors and enhancing investor confidence.
- Tax Disclosure: The company noted that all distributions to foreign investors are subject to federal income tax withholding, with 100% of the distribution exceeding cumulative net income, indicating transparency and accountability in compliance matters.
- Company Background: Founded in 1928, Suburban Propane is a nationwide distributor of propane and renewable energy, serving approximately 1 million customers, showcasing its strong market position and potential for continued growth in the energy sector.
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