# Suburban Propane Partners, L.P. share price today (Suburban Propane Partners, L.P., SPH)

> Suburban Propane Partners, L.P.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. SPH · Utilities · Utilities - Regulated Gas · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/sph

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: $17.16 (−5.9% in a year)
- P/E: 8.8× (lower than 90% of the last 1 year)
- Revenue (Jun 2026): $261 M (+0.5% on a year ago)
- Profit (Jun 2026): −$17.5 M
- Operating margin: 0.8% (−1.1 points on a year ago)
- ROE: 18%, FY25
- ROIC: 10.1%, against a 6.0% cost of capital: +4.1 points

The main question: yearly earnings per share moved +42.1% while the share price moved −5.9%. ## What is the Suburban Propane Partners, L.P. share price today? Suburban Propane Partners, L.P.'s share price was $17.16 at the close on 3 November 2026. That is 8.3% below its average price over the last 200 trading days. In the last 52 weeks it traded between $17 and $20, and at that close it sat 16% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 30 weeks running. Over the last 1 year the share price moved −7% while the S&P 500 moved +21%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 10 April 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Suburban Propane Partners, L.P. pay? Suburban Propane Partners, L.P. paid $1.30 per share over the last four reported quarters. The most recent declaration was $0.33 for Jun 2026. At today's price of $17.16 that is a yield of 7.58%, based on dividends already paid, not a forecast. ## Which stock lists is Suburban Propane Partners, L.P. on? Suburban Propane Partners, L.P. is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Suburban Propane Partners, L.P. profitable? Suburban Propane Partners, L.P. posted a net loss of $17.5 M in the Jun 2026 quarter. Full-year FY25 profit was $107 M. Over 4 years profit has grown −3.5% a year on average. That loss is 6.7% of the quarter's revenue. The same quarter a year earlier lost $14.8 M. 6 of the last 12 reported quarters were loss-making. For the full year, FY25 profit was $107 M (+43.7% on the year before). ## How much revenue does Suburban Propane Partners, L.P. make, and is it growing? Suburban Propane Partners, L.P. reported $261 M of revenue in the Jun 2026 quarter, +0.5% on the same quarter a year earlier. Over 4 years it has grown 2.7% a year on average. The last full year, FY25, came in at $1.4 B. The last four reported quarters add to $1.4 B. FY25 revenue was $1.4 B, +7.9% on the year before. Recent pace: the last four quarters grew −1.3% on average, against 2.7% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew −2.5%, against +1.8% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +34.5%, against +15.5% a year (accelerating). ## How much of every $100 of sales does Suburban Propane Partners, L.P. keep? Suburban Propane Partners, L.P.'s operating margin was 0.8% in the Jun 2026 quarter, 1.1 percentage points lower than the same quarter a year ago. Across 5 years it has been between 12.7% and 16.5%. The latest quarter is below every full year in that period. Why the margin moved: operating margin changed −1.1 percentage points on the year while gross margin changed −3.1 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is Suburban Propane Partners, L.P.'s profit turning into cash? Over the last 3 years, 188% of Suburban Propane Partners, L.P.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $186 M of operating cash against $107 M of profit. After $72.0 M of spending on assets, $114 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Suburban Propane Partners, L.P.'s cash go? Suburban Propane Partners, L.P. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $176 M on assets over the last 3 years. Averaged over those years that is 4.1% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $176 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Suburban Propane Partners, L.P.'s P/E ratio, and how does it compare with its own history? Suburban Propane Partners, L.P.'s P/E is 8.8×, near the low end of its own history: it has been lower only 10% of the time. Its usual P/E (the middle reading) is 9.9×, over 1 year of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +42.1% while the price moved −5.9%. Earnings did better than the price, which pulled the multiple down within its own range. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Suburban Propane Partners, L.P. business getting better or worse? Suburban Propane Partners, L.P.'s business is giving mixed signals. There is no clear direction across the growth lines, with ROCE steady at 10.1%; each line tells part of the story. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## How much does Suburban Propane Partners, L.P. earn on its capital? Suburban Propane Partners, L.P. earned a ROE of 18% in FY25. That is up from a low of 14% in FY24. Its return on capital used (ROIC) is 4.1 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 7.4% net margin and 0.62× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 7.4% net margin × 0.62× asset turnover × 3.84× leverage (assets divided by equity) ≈ 17.6% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 10.1% − 6.0% = +4.1 percentage points. The 6.0% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. ## Does Suburban Propane Partners, L.P. have too much debt? Suburban Propane Partners, L.P. has total debt of $1.3 B against shareholder equity of $713 M as of Jun 2026, so its debt is 1.86× its equity. Year by year, that ratio went from 2.93 in FY21 to 2.22 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the Suburban Propane Partners, L.P. shareholding pattern? 0.8% of Suburban Propane Partners, L.P.'s tradable shares are in short positions, which are bets that the price will fall, so very few traders are betting against this stock. At normal trading volumes, closing those positions would take about 2.5 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Suburban Propane Partners, L.P. from balance-sheet trouble? For Suburban Propane Partners, L.P., the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Suburban Propane Partners, L.P. rank in its industry? 44.3 out of 100, rank 13 of 16 in Utilities - Regulated Gas, with 77% of the evidence available. Suburban Propane Partners, L.P. scores 44.3 out of 100 against the 16 companies it is compared with in Utilities - Regulated Gas, ranking 13. The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. The four parts add up to the total exactly: 12.8 + 10.8 + 16.1 + 4.6 = 44.3. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Suburban Propane Partners, L.P. compared with? Suburban Propane Partners, L.P. ranks 13 of 16 Utilities - Regulated Gas companies on the 4-Factor Sector Score, with 44.3 out of 100. 1. [Chesapeake Utilities Corporation](https://www.sectoralpha.in/us/stocks/cpk) CPK · turning · Evidence leans up · 79% evidence 62.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.5/35 · Revenue 14.7% · Profit 14.6% · Operating margin change n/a · 76% evidence Capital efficiency 15.3/25 · ROCE 7.6% · Operating margin 20.3% · 76% evidence Valuation 8.6/20 · P/E 19.6× · PEG 1.64 · 65% evidence Relative strength 17.1/20 · Lead over its industry 8% · Lead over S&P 500 1.4% · 1 year 1.7% · 100% evidence · 3 of 12 weeks ahead Exact sum: 21.5 + 15.3 + 8.6 + 17.1 = 62.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [UGI Corporation](https://www.sectoralpha.in/us/stocks/ugi) UGI · breaking out · Evidence leans up · 70% evidence 59.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.1/35 · Revenue -0.5% · Profit 60.5% · Operating margin change n/a · 52% evidence Capital efficiency 13.8/25 · ROCE 8.3% · Operating margin 25.5% · 76% evidence Valuation 15.2/20 · P/E 12.2× · PEG 0.71 · 65% evidence Relative strength 16.4/20 · Lead over its industry 4.9% · Lead over S&P 500 -1.5% · 1 year 12.4% · 100% evidence · 5 of 12 weeks ahead Exact sum: 14.1 + 13.8 + 15.2 + 16.4 = 59.5 · What this means: Relative strength against the index is -1.5%, and revenue and profit growth are weak. 3. [Atmos Energy Corporation](https://www.sectoralpha.in/us/stocks/ato) ATO · turning · Evidence leans up · 79% evidence 58.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.0/35 · Revenue 6.4% · Profit 21.3% · Operating margin change n/a · 76% evidence Capital efficiency 14.4/25 · ROCE 6.2% · Operating margin 22% · 76% evidence Valuation 10.1/20 · P/E 20.5× · PEG 1.31 · 65% evidence Relative strength 9.6/20 · Lead over its industry 1.6% · Lead over S&P 500 -5% · 1 year -1.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 24 + 14.4 + 10.1 + 9.6 = 58.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Spire Inc.](https://www.sectoralpha.in/us/stocks/sr) SR · turning · Evidence leans up · 79% evidence 57.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.9/35 · Revenue 10.3% · Profit 96.7% · Operating margin change n/a · 76% evidence Capital efficiency 6.1/25 · ROCE 4.2% · Operating margin 10.1% · 76% evidence Valuation 15.9/20 · P/E 8.7× · PEG 0.4 · 65% evidence Relative strength 16.8/20 · Lead over its industry 5.5% · Lead over S&P 500 -1.3% · 1 year -1.9% · 100% evidence · 2 of 12 weeks ahead Exact sum: 18.9 + 6.1 + 15.9 + 16.8 = 57.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Black Hills Corporation](https://www.sectoralpha.in/us/stocks/bkh) BKH · turning · Evidence leans up · 79% evidence 53.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.5/35 · Revenue 2.5% · Profit 5.5% · Operating margin change n/a · 76% evidence Capital efficiency 12.9/25 · ROCE 5.7% · Operating margin 18.1% · 76% evidence Valuation 6.4/20 · P/E 18.9× · PEG 2.44 · 65% evidence Relative strength 19.5/20 · Lead over its industry 14% · Lead over S&P 500 7% · 1 year 17.9% · 100% evidence · 2 of 12 weeks ahead Exact sum: 14.5 + 12.9 + 6.4 + 19.5 = 53.3 · What this means: Relative strength against the index is 7%, and revenue and profit growth are weak. 6. [ONE Gas, Inc.](https://www.sectoralpha.in/us/stocks/ogs) OGS · turning · Evidence leans up · 79% evidence 52.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.5/35 · Revenue -0.8% · Profit 16.6% · Operating margin change n/a · 76% evidence Capital efficiency 14.1/25 · ROCE 6.4% · Operating margin 16.2% · 76% evidence Valuation 9.7/20 · P/E 16.8× · PEG 1.57 · 65% evidence Relative strength 10.5/20 · Lead over its industry 2% · Lead over S&P 500 -4.6% · 1 year -1.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 18.5 + 14.1 + 9.7 + 10.5 = 52.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Southwest Gas Holdings, Inc.](https://www.sectoralpha.in/us/stocks/swx) SWX · turning · Evidence leans up · 60% evidence 52.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.2/35 · Revenue -15.2% · Profit 100% · Operating margin change n/a · 52% evidence Capital efficiency 8.3/25 · ROCE 5.3% · Operating margin 7.2% · 76% evidence Valuation 10.7/20 · P/E 12.4× · PEG n/a · 15% evidence Relative strength 15.9/20 · Lead over its industry 8.5% · Lead over S&P 500 1.8% · 1 year 16.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 17.2 + 8.3 + 10.7 + 15.9 = 52.1 · What this means: Relative strength against the index is 1.8%, and revenue and profit growth are weak. 8. [New Jersey Resources Corporation](https://www.sectoralpha.in/us/stocks/njr) NJR · quiet · Evidence leans down · 70% evidence 48.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.0/35 · Revenue 6.3% · Profit -10.9% · Operating margin change n/a · 52% evidence Capital efficiency 11.3/25 · ROCE 7.8% · Operating margin -7.5% · 76% evidence Valuation 13.0/20 · P/E 15.4× · PEG 1.06 · 65% evidence Relative strength 9.2/20 · Lead over its industry 2.6% · Lead over S&P 500 -3.7% · 1 year 17.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 15 + 11.3 + 13 + 9.2 = 48.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Northwest Natural Holding Company](https://www.sectoralpha.in/us/stocks/nwn) NWN · turning · Evidence leans down · 70% evidence 46.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.5/35 · Revenue 4.4% · Profit 22.3% · Operating margin change n/a · 52% evidence Capital efficiency 7.1/25 · ROCE 4.9% · Operating margin 8.5% · 76% evidence Valuation 13.5/20 · P/E 16.4× · PEG 0.88 · 65% evidence Relative strength 10.2/20 · Lead over its industry 2.7% · Lead over S&P 500 -3.8% · 1 year 7.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 15.5 + 7.1 + 13.5 + 10.2 = 46.3 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 10. [Brookfield Infrastructure Corporation](https://www.sectoralpha.in/us/stocks/bipc) BIPC · basing · Too little evidence to rank firmly · 56% evidence 45.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.1/35 · Revenue 1.3% · Profit n/a · Operating margin change n/a · 52% evidence Capital efficiency 13.9/25 · ROCE 13.6% · Operating margin n/a · 61% evidence Valuation 11.5/20 · P/E -31.4× · PEG n/a · 15% evidence Relative strength 3.7/20 · Lead over its industry -8.7% · Lead over S&P 500 -14.7% · 1 year -17% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.1 + 13.9 + 11.5 + 3.7 = 45.2 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 11. [NiSource Inc.](https://www.sectoralpha.in/us/stocks/ni) NI · turning · Evidence leans down · 79% evidence 45.1 out of 100 Growth Capital Valuation Relative
12. [RGC Resources, Inc.](https://www.sectoralpha.in/us/stocks/rgco) RGCO · turning · Evidence leans down · 79% evidence 45.0 out of 100 Growth Capital Valuation Relative
13. Suburban Propane Partners, L.P. this page SPH · basing · Evidence leans down · 77% evidence 44.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.8/35 · Revenue -2.6% · Profit 36.5% · Operating margin change -1.1 points · 71% evidence Capital efficiency 10.8/25 · ROCE 10% · Operating margin 0.8% · 76% evidence Valuation 16.1/20 · P/E 10.1× · PEG 0.27 · 65% evidence Relative strength 4.6/20 · Lead over its industry -6.8% · Lead over S&P 500 -12.9% · 1 year -6.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 12.8 + 10.8 + 16.1 + 4.6 = 44.3 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 14. [MDU Resources Group, Inc.](https://www.sectoralpha.in/us/stocks/mdu) MDU · basing · Evidence leans down · 85% evidence 38.1 out of 100 Growth Capital Valuation Relative
15. [Centuri Holdings, Inc.](https://www.sectoralpha.in/us/stocks/ctri) CTRI · basing · Most evidence points down · 67% evidence 30.1 out of 100 Growth Capital Valuation Relative
16. [OPAL Fuels Inc.](https://www.sectoralpha.in/us/stocks/opal) OPAL · quiet · Most evidence points down · 75% evidence 29.6 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Jun 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Utilities - Regulated Gas](https://www.sectoralpha.in/us/sectors/utilities-regulated-gas), all 16 compared on one page. ## Which companies are close to Suburban Propane Partners, L.P. in size? Suburban Propane Partners, L.P. is the 14th largest of 16 Utilities - Regulated Gas companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: MDU Resources Group, Inc., Chesapeake Utilities Corporation, Centuri Holdings, Inc. and Northwest Natural Holding Company. Just below it: OPAL Fuels Inc. and RGC Resources, Inc. ### Utilities - Regulated Gas companies close in size

1. [MDU Resources Group, Inc.](https://www.sectoralpha.in/us/stocks/mdu) $4.1 billion
2. [Chesapeake Utilities Corporation](https://www.sectoralpha.in/us/stocks/cpk) $3.3 billion
3. [Centuri Holdings, Inc.](https://www.sectoralpha.in/us/stocks/ctri) $2.2 billion
4. [Northwest Natural Holding Company](https://www.sectoralpha.in/us/stocks/nwn) $2.1 billion
5. Suburban Propane Partners, L.P. $1.1 billion
6. [OPAL Fuels Inc.](https://www.sectoralpha.in/us/stocks/opal) $255 million
7. [RGC Resources, Inc.](https://www.sectoralpha.in/us/stocks/rgco) $235 million

[All 16 Utilities - Regulated Gas companies, largest first](https://www.sectoralpha.in/us/sectors/utilities-regulated-gas#all-companies)

### Companies close in size in other industries

1. [Silence Therapeutics plc](https://www.sectoralpha.in/us/stocks/sln) $1.2 billion · Biotechnology
2. [Enovis Corporation](https://www.sectoralpha.in/us/stocks/enov) $1.2 billion · Medical Devices
3. Suburban Propane Partners, L.P. $1.2 billion
4. [D-Market Elektronik Hizmetler ve Ticaret A.S.](https://www.sectoralpha.in/us/stocks/heps) $1.2 billion · Internet Retail
5. [LegalZoom.com, Inc.](https://www.sectoralpha.in/us/stocks/lz) $1.2 billion · Specialty Business Services

## What else do people ask about Suburban Propane Partners, L.P.? ### What were Suburban Propane Partners, L.P.'s latest quarterly results? Suburban Propane Partners, L.P. reported revenue of $261 M and a net loss of $17.5 M for the Jun 2026 quarter. Earnings per share were −$0.26. The operating margin was 0.8%, 1.1 percentage points lower than a year earlier (as of 3 November 2026). ### What is Suburban Propane Partners, L.P.'s market cap? Suburban Propane Partners, L.P.'s market capitalisation is $1.1 B at a stock price of $17.16. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Suburban Propane Partners, L.P. performing? Suburban Propane Partners, L.P.'s latest readings are below. Over the past 13 weeks it has done worse than the S&P 500, for 30 weeks running. This describes what the data did, not a rating (as of 3 November 2026). ### Will Suburban Propane Partners, L.P.'s stock price go up? This page does not forecast Suburban Propane Partners, L.P.'s stock price. What it shows instead: the stock price is $17.16. Its P/E of 8.8× is higher than 10% of its own last 1 years. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Where is Suburban Propane Partners, L.P. in its business cycle? Suburban Propane Partners, L.P.'s FY25 operating margin was 14.3%, against a 5-year range of 12.7% to 16.5%: the middle of its own range, neither a peak nor a low. The latest quarter was 0.8%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Suburban Propane Partners, L.P. story? The main question: yearly earnings per share moved +42.1% while the share price moved −5.9%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Suburban Propane Partners, L.P. a stock worth studying right now? What the numbers show: Suburban Propane Partners, L.P.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.