Stock Price & Analysis

-
$
0.000
0.000(0%)6M

SPH Stock Price Chart

5D
1M
3M
6M
YTD
1Y
5Y

SPH Fundamental Analysis

1
buy
Moderate Buy
Buy
Hold
Sell
bubble
High
22.00
bubble
Averages
19.50
bubble
Low
17.00
Analyst
Rating
Action
Price Target
Date
Rating Reason
Wells Fargo
Ned Baramov
Hold
Sell
Downgrades
$17
2024-08-30
Argus Research
David Coleman
Strong Buy
Maintains
$24 → $25
2024-06-10
Mizuho
Gabriel Moreen
Hold
Sell
Downgrades
$16 → $17
2024-01-29
Mizuho
Gabriel Moreen
Hold
Maintains
$17 → $16
2023-06-29
Mizuho
Gabriel Moreen
Hold
Initiates
$17
2023-04-26

SPH Earnings Analysis

Suburban Propane Partners LP Corporation (SPH.N) Q1 2025 Earnings Conference Call

Positive

  • Stable EBITDA Performance: Adjusted EBITDA for the first quarter of fiscal 2025 was $75.3 million, essentially flat compared to the prior year, indicating stable operational performance despite challenging conditions.

  • Retail Propane Sales Surge: Retail propane gallons sold were 105.7 million, with strong demand in the Southeast following hurricanes, which helped offset lower heat-related demand due to unseasonably warm temperatures.

  • Propane Price Increase: The average wholesale propane price increased by 15% to $0.77 per gallon compared to the prior year, reflecting improved pricing power in a higher commodity price environment.

  • Quarterly Distribution Announcement: The quarterly distribution declared was $0.325 per common unit, equating to an annualized rate of $1.30 per common unit, demonstrating a commitment to returning capital to unitholders with a strong distribution coverage of 1.87 times.

  • Increased Capital Expenditure: Total capital spending for the quarter was $23.8 million, $12.7 million higher than the prior year, primarily due to growth CapEx associated with strategic projects, indicating a focus on long-term growth initiatives.

Negative

  • Stagnant Adjusted EBITDA: Adjusted EBITDA for Q1 FY25 was $75.3 million, flat compared to the prior year, indicating stagnation in earnings despite operational challenges.

  • Propane Sales Decline: Retail propane gallons sold decreased by 0.8% to 105.7 million gallons, primarily due to lower heat-related demand from unseasonably warm temperatures, negatively impacting revenue.

  • Gross Margin Decline: Total gross margin for Q1 FY25 was $222.5 million, a decrease of $1 million or 0.5% from the prior year, driven by lower propane volumes sold and reduced margin contribution from RNG operations.

  • Operating Expense Increase: Combined operating and G&A expenses increased by $2.4 million or 1.6% to $150 million, primarily due to higher payroll and benefit costs, which could pressure profitability moving forward.

  • Impairment Charges Impact: Impairment charges of $19.8 million were recognized for investments in Oberon Fuels and Independence Hydrogen, reflecting challenges in the clean energy startup landscape and negatively impacting net income.

SPH News

bubble
5.0
03-14NASDAQ.COM
Insider Sale: SVP- Prod.Sup of $SPH Sells 2,000 Shares
bubble
6.5
02-21NASDAQ.COM
The Pros Say to Sell These 6%-24% Dividends. I Say ...
bubble
7.5
02-14PRnewswire
SUBURBAN PROPANE AND NASCAR UNVEIL PROPANE-POWERED TRACK DRYER AT THE DAYTONA 500
bubble
8.5
02-12Business Insider
Suburban Propane files to sell $100M of common units
bubble
9.5
02-06PRnewswire
Suburban Propane Partners, L.P. Announces First Quarter Results

SPH FAQs

What is surpport and resistant level for SPH Stock?

The S1 support level for SPH Stock is $19.81 ,The R1 resistant level for SPH Stock is $20.88.

What is the current price of SPH Stock?

What is the target price of SPH Stock?

What is the market cap of Suburban Propane Partners LP?

What is Suburban Propane Partners LP (SPH)'s business?

How many employees does SPH have?

SPH Key Stats

High
21.030
Vol
176.69K
Low
20.300
Amount
3.68M
Open
20.300
VWAP
20.81
Mkt Cap
1.34B
EV/EBITDA(TTM)
10.48

SPH Company Profile

Suburban Propane Partners, L.P. is engaged in the retail marketing and distribution of propane, renewable propane, renewable natural gas (RNG), fuel oil and refined fuels, as well as the marketing of natural gas and electricity in deregulated markets and producer of and investor in low-carbon fuel alternatives. The Company operates through three segments: Propane, Fuel Oil and Refined Fuels, and Natural Gas and Electricity. The Propane segment is primarily engaged in the retail distribution of propane to residential, commercial, industrial, and agricultural customers and, to a lesser extent, wholesale distribution to large industrial end users. The Fuel Oil and Refined Fuels segment is primarily engaged in the retail distribution of fuel oil, diesel, kerosene, and gasoline to residential and commercial customers. The Natural Gas and Electricity segment engaged in the marketing of natural gas and electricity to residential and commercial customers.