Stock Price & Analysis

SPH

0.000

0.000(0%)6M

SPH Stock Price Chart

YTD

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.

SPH Technical Analysis

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SPH Why It Moves

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SPH Technical Analysis

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SPH Why It Moves

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Should I Buy SPH

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SPH News Sentiment

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SPH Fundamental Analysis

buy

Moderate Buy

Buy

Hold

Sell

High

22.00

Averages

19.50

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

Analyst	Rating	Action	Price Target	Date

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.

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.