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US · SPH

Suburban Propane Partners, L.P.

Programmatic access: InvestorsCraft Valuation API · catalog

Sector
Utilities · Regulated Gas
Headquarters
Whippany, NJ 07981-0206

Price · as of 2025

$17.52

Market cap 1.18B

Valuation

MetricValueUpside
IC Value$7.34-58%
P/E11.22
P/B2.00
P/S0.83
EV/EBITDA9.84
PEG26.64
P/TBV-1.86

Valuation history

Annual price overlaid with each model's fair value. Y-axis is log scale.

Annual price and model valuations for SPH, USD per share
YearPriceAIICGraham-DoddGraham Formula
2011$12.89$20.92
2012$11.20$22.63
2013$14.28$22.73
2014$15.55$45.20
2015$9.22$44.58
2016$12.94$20.77
2017$11.26$22.68
2018$11.46$30.92
2019$12.83$31.10
2020$10.08$23.99
2021$10.36$30.21
2022$12.20$33.69
2023$14.02$31.77
2024$16.79$23.00
2025$18.36$21.79

Historic valuation ratios

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        About Suburban Propane Partners, L.P.

        Suburban Propane Partners, L.P., operating through its subsidiaries, specializes in the retail marketing and distribution of propane, fuel oil, and other refined fuels. The company structures its diverse operations across four main segments. The Propane segment is dedicated to the retail supply of propane for residential, commercial, industrial, and agricultural clients, in addition to wholesale distribution to industrial customers. This propane is widely used for space and water heating, cooking, and clothes drying in residential and commercial settings. Industrially, it serves as a motor fuel for vehicles, forklifts, and stationary engines, fuels furnaces, acts as a cutting gas, and is applied in various process applications. Agricultural uses include tobacco curing, crop drying, poultry brooding, and weed control. The Fuel Oil and Refined Fuels segment focuses on providing fuel oil, diesel, kerosene, and gasoline to residential and commercial customers, primarily for heating homes and buildings. Through its Natural Gas and Electricity segment, Suburban Propane markets natural gas and electricity to residential and commercial consumers within the deregulated energy markets of New York and Pennsylvania. Finally, the All Other segment handles the sale, installation, and maintenance of a variety of home comfort equipment, such as complete heating systems, air purification units, humidifiers, and portable heaters. As of September 25, 2021, the company served approximately 1 million customers across residential, commercial, industrial, and agricultural sectors. Its operations are vast, encompassing 700 locations across 41 U.S. states, with a strong presence on the East and West Coasts, select Midwest areas, and Alaska. Suburban Energy Services Group LLC acts as the general partner for Suburban Propane Partners, L.P., which was founded in 1945 and maintains its headquarters in Whippany, New Jersey.

        CEO
        Michael A. Stivala
        Employees
        3.27K
        Beta
        0.38

        Peer comparison

        Same-industry comparables, ranked by market cap.

        Scroll horizontally for additional metrics. Ticker column stays fixed.

        Peer comparison for SPH: basic info, valuation models, ratios, profitability, leverage, growth, cash flow, dividends, enterprise value, and Altman Z-score.
        Basic InfoIC ValuationCore ValuationProfitabilityLeverage & LiquidityGrowthCash FlowDividendsEnterprise ValueRisk
        TickerCompany NamePriceMarket CapValueUpsideP/EP/BP/SEV/EBITDAPEGP/TBVGross MarginOperating MarginNet MarginROEROICROADebt/EquityInterest CoverageCurrent RatioQuick RatioNet Debt/EBITDAEPS GrowthSales GrowthFCF GrowthFCF YieldOp Cash Flow RatioCash ROICDividend YieldDividend PayoutShareholder YieldEV/EBITEV/FCFEV/SalesAltman Z-Score
        SPHSuburban Propane Partners…$17.521.18B$21.79+24%11.222.000.839.8426.64-1.8621.13%14.40%7.44%18.60%10.67%4.66%2.222.710.550.245.1842.11%7.94%12.99%9.56%0.625.99%7.04%79.00%8.75%12.2222.061.761.27
        EAIEntergy Arkansas, Inc. 1M…$20.05941.95M$2,098.52+10,366%26.710.530.69-942.650.5366.82%24.73%13.58%2.09%-0.09%0.01%0.182.27756.51751.22-944.20-80.03%8.98%-170.04%7.04%0.09-0.02%0.00%0.00%61034.26%-1696.13-8650.04-419.5359.98
        EDNEmpresa Distribuidora y C…$25.561.12B$12.14-53%6.190.780.582.600.7822.76%5.00%8.00%14.95%5.87%5.70%0.530.821.070.901.20-8.89%11.28%174.31%-18.13%0.08-14.95%0.00%0.00%0.00%14.05-6.720.700.97
        HTOH2O America$61.812.59B$22.33-64%20.461.362.6212.62439.032.4446.73%22.61%12.81%7.06%4.83%2.09%1.281.990.700.596.094.66%6.97%50.23%-13.25%0.90-8.32%2.79%57.20%2.79%22.40-14.585.060.76
        MSEXMiddlesex Water Company$57.351.08B$14.29-75%22.021.904.8414.371.9039.18%27.93%21.99%9.09%5.62%3.27%0.843.800.450.334.38-4.45%1.47%112.42%-3.58%0.67-3.88%2.64%58.20%2.64%24.96-40.206.971.10
        NWNNorthwest Natural Holding…$49.342.08B$19.94-60%18.591.431.6310.2551.001.9139.56%31.38%8.79%7.92%7.91%1.98%1.873.630.720.315.7736.45%11.83%1.88%-9.39%0.32-5.28%3.67%68.20%3.67%11.92-24.393.740.74
        RGCORGC Resources, Inc.$21.70225.84M$11.83-46%16.631.942.3210.38148.361.9434.46%19.35%13.93%11.98%5.47%4.08%1.312.821.030.324.1411.21%12.63%-276.32%3.72%1.283.18%3.84%63.80%4.34%19.9244.713.851.14
        UTLUnitil Corporation$53.52962.87M$20.28-62%18.461.521.739.341351.921.5341.27%18.88%9.37%8.95%5.55%2.55%1.542.310.560.314.661.37%8.33%22.27%-5.81%0.31-3.85%3.25%60.00%3.25%18.28-34.383.450.79
        WTTRSelect Water Solutions, I…$22.262.42B$11.02-50%66.961.761.018.172.1814.00%2.54%1.51%2.65%3.46%1.43%0.461.541.571.251.64-33.33%-3.08%-229.41%-5.62%0.95-7.73%2.37%158.60%2.88%49.70-22.251.262.17

        Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($7.34 ÷ $17.52) − 1 = -58.11% (IC, example).