Stocks · Energy · Oil & Gas Energy

Suburban Propane Partners, L.P. SPH

$16.67 +1.71% Close, Oct 2, 2026 · NYSE · Market cap $1.11B

Inexpensive vs sectorLow risk

Next earnings report: Nov 12, 2026

Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.

Three things to know

  1. Net debt is 4.8× EBITDA, a high level of leverage.
  2. The stock is in a downtrend: below its 200-day average, with the 50-day average below the 200-day.
  3. Diluted EPS over the last four quarters was $1.96, up 32.4% year over year.

PromtFinance scores

Each score is a percentile within the Energy sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.

Growth40Weak

How fast revenue, earnings and cash flow are growing.

  • Revenue growth (TTM, YoY)Bottom 23%
  • EPS growth (TTM, YoY)Top 29%
  • FCF growth (TTM, YoY)Top 42%
  • Revenue growth, 3-year CAGRBottom 45%
  • Revenue growth accelerationBottom 31%
Quality39Weak

Returns on capital, margins, earnings quality and balance-sheet strength.

  • Return on invested capitalTop 32%
  • Gross marginTop 42%
  • Operating marginTop 46%
  • Cash conversion (OCF / net income)Bottom 47%
  • Accruals (lower is better)Bottom 34%
  • Net debt / EBITDA (lower is better)Bottom 12%
  • Interest coverBottom 41%
Value94Exceptional

How cheap the shares are relative to earnings, cash flow and their own history.

  • Earnings yieldTop 12%
  • Free-cash-flow yieldTop 19%
  • EBITDA / enterprise valueTop 45%
  • Sales / enterprise valueTop 37%
  • P/E vs own 5-year history (lower is better)Top 10%
Momentum26Very weak

Strength and persistence of the price trend, including versus the S&P 500.

  • 12-month return excluding last monthBottom 19%
  • 6-month returnBottom 32%
  • 1-year return vs S&P 500Bottom 24%
  • Distance from 52-week highTop 47%
  • Trend checklist (0–4)Bottom 18%
Revisions15Very weak

Earnings surprises and analyst sentiment (estimate-revision history is being collected).

  • Average EPS surprise, last 4 quartersBottom 30%
  • Consecutive EPS beatsBottom 20%
  • Share of analysts rating BuyBottom 12%
  • Upside to consensus price targetTop 50%
Stability83Strong

Low volatility, shallow drawdowns, low market sensitivity and modest leverage.

  • Volatility, 60 days (lower is better)Top 8%
  • Maximum drawdown, 3 yearsTop 14%
  • Beta vs S&P 500 (lower is better)Top 15%
  • Net debt / EBITDA (lower is better)Bottom 12%

What changed

Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).

MeasureBeforeNow
Revenue growth (YoY)-2.2%-2.5%↓
EPS growth (YoY)38.2%32.4%↓
Gross margin59.9%39.4%↓
Operating margin14.0%15.2%↑
FCF margin7.3%9.0%↑

Fundamental momentum

MeasureNow (TTM)Year / quarter beforeSector rank
Revenue growth (TTM, YoY)-2.5%-2.2%↓Bottom 23%
EPS growth (TTM, YoY)32.4%38.2%↓Top 29%
Gross margin39.4%59.9%↓Top 42%
Operating margin15.2%14.0%↑Top 46%
Net margin9.4%6.8%↑—
Free-cash-flow margin9.0%7.3%↑—
Return on invested capital9.8%—Top 32%
Revenue growth, 3-year CAGR-1.6%—Bottom 45%

Quality of earnings and balance sheet

Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
1.91×
Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
-5.1%
Stock-based compensation / revenueA cost to shareholders through dilution.
0.7%
Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
+8.5 pp
Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
4.80×
Interest cover (operating income / interest)How many times operating profit covers interest.
2.8×

Shareholder returns

Dividend yield (dividends paid, TTM)
11.64%
Net buyback yield (TTM)
-1.76%
Shareholder yield
9.88%
Share count change, 1 year
+2.0%
Share count change, 3-year CAGR
+1.4%

Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.

Based on the four quarters through Jun 27, 2026 (filed Aug 6, 2026).

Earnings and expectations

Earnings momentum

Consecutive EPS beats
0
Beats in the last 8 reports
2 of 8
Average EPS surprise, last 4
-11.6%
Average 2-day reaction, last 8
-2.1%
Positive 20 days after report
5 of 8

Analysts

Consensus price target
$21.00
Target vs current price
+26.0%
Analysts with a rating
16
Share rating Buy or Strong Buy
25%
Consensus rating
Hold

How the stock reacted to recent reports

Report dateEPS surprise2 days5 days20 days60 days
Aug 6, 2026-73.3%-0.7%-0.8%-1.6%—
May 7, 2026+18.4%+3.2%+3.3%+2.2%-0.9%
Feb 5, 2026+30.2%+0.6%+0.2%+3.3%-0.6%
Nov 13, 2025-21.6%+1.7%-1.0%+1.5%+7.0%
Aug 7, 2025-35.3%-2.5%+4.4%+2.8%+3.2%
May 8, 2025-5.0%-5.9%-4.0%-8.0%-5.3%
Feb 6, 2025-57.4%-4.2%-2.0%-7.4%-5.3%
Nov 14, 2024-46.8%-8.9%-5.0%+1.0%+13.1%

Returns from the close before each report. Past reactions do not determine future ones.

Earnings history

Report dateEPSEstimateSurpriseRevenue
Aug 6, 2026-$0.26-$0.15-73.3%$261.4M
May 7, 2026$2.06$1.74+18.4%$551.2M
Feb 5, 2026$0.69$0.53+30.2%$326.4M
Nov 13, 2025-$0.62-$0.51-21.6%$211.4M
Aug 7, 2025-$0.23-$0.17-35.3%$260.1M
May 8, 2025$2.10$2.21-5.0%$587.7M
Feb 6, 2025$0.30$0.71-57.4%$330.3M
Nov 14, 2024-$0.69-$0.47-46.8%$208.6M

Valuation in context

MultipleNow5-year median5-year percentileSector rank (cheapness)
P/E (trailing)8.5×10.0×24thTop 12%
P/E (forward)8.4×———
EV / EBITDA8.8×——Top 45%
EV / Sales1.74×——Top 37%
Free-cash-flow yield11.33%——Top 19%
Earnings yield11.76%——Top 12%

P/E over the past five years

Range 5.6× – 19.6× since Jun 26, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.

What moved the stock over the past year

Price return, 1 year
-9.5%
Earnings per share growth (TTM)
+32.4%
Change in P/E multiple
-23.3%

Most of the move came from earnings growth.

Technical state

Trend checklist

  • ✗ Price above 20-day average
  • ✗ Price above 50-day average
  • ✗ Price above 200-day average
  • ✗ 50-day average above 200-day
  • ✗ MACD histogram positive

Trend quality

Days above the 50-day average
0
Days above the 200-day average
0
50-day average slope (20 days)
-2.3%
200-day average slope (20 days)
-1.1%
Distance from 50-day average
-4.6%
Distance from 200-day average
-11.6%
RSI (14)
41.8
Relative volume
0.52×

Risk and drawdowns

Volatility, 60 days (annualized)
19.4%
Volatility vs own 5-year history
31th percentile · Normal for this stock
Beta vs S&P 500 (2 years, weekly)
0.11
Correlation with S&P 500
0.07
Current drawdown from 1-year high
-19.4%
Maximum drawdown, 3 years
-26.2%

Largest declines in the past six years

From peakTo lowDeclineLengthRecovery
Feb 18, 2025Oct 1, 2026-26.2%407 daysNot yet recovered
Oct 23, 2020Dec 21, 2021-22.5%292 days502 days (Dec 20, 2023)
Mar 6, 2024Aug 12, 2024-21.9%109 days119 days (Feb 3, 2025)
Dec 21, 2023Jan 3, 2024-17.2%7 days32 days (Feb 20, 2024)
Oct 8, 2020Oct 20, 2020-10.2%8 days3 days (Oct 23, 2020)

Declines of 10% or more from a closing high, measured on daily closes.

Financial statements

Market cap
$1.11B
P/E (TTM)
8.5
EPS, diluted (TTM)
$1.96
Revenue (TTM)
$1.39B
Dividend yield
7.80%
52-week range
$16.25 – $20.80
FY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$1.29B$1.50B$1.43B$1.33B$1.43B
Gross profit$803.3M$789.3M$361.0M$805.0M$302.7M
Operating income$213.2M$206.3M$206.8M$171.3M$206.3M
Net income$122.8M$139.7M$123.8M$74.2M$106.6M
EPS (diluted)$1.94$2.18$1.92$1.14$1.62
Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Revenue$208.6M$373.3M$587.7M$260.1M$211.4M$370.4M$551.2M$261.4M
Net income-$44.6M$19.4M$137.1M-$14.8M-$35.1M$45.8M$137.5M-$17.5M
EPS (diluted)-$0.69$0.30$2.10-$0.23-$0.53$0.69$2.06-$0.26
FY 2021FY 2022FY 2023FY 2024FY 2025
Operating cash flow$226.6M$220.5M$225.2M$160.6M$186.3M
Capital expenditure-$29.9M-$44.4M-$44.9M-$59.4M-$72.0M
Free cash flow$196.7M$176.2M$180.3M$101.2M$114.3M
Dividends paid-$76.5M-$81.7M-$82.4M-$83.1M-$84.2M
Net share buybacks$0$0$0$0$23.5M

Cash outflows are shown as negative numbers.

Cash and short-term investments
$5.0M
Total assets
$2.36B
Total liabilities
$1.64B
Total debt
$1.33B
Net debt
$1.32B
Shareholders’ equity
$713.0M

As of Jun 27, 2026 (filed Aug 6, 2026).

Dividends

Ex-dateAmountPaid
Aug 4, 2026$0.33Aug 11, 2026
May 5, 2026$0.33May 12, 2026
Feb 3, 2026$0.33Feb 10, 2026
Nov 4, 2025$0.33Nov 12, 2025
Aug 5, 2025$0.33Aug 12, 2025
May 6, 2025$0.33May 13, 2025
Feb 4, 2025$0.33Feb 11, 2025
Nov 5, 2024$0.33Nov 12, 2024

Short interest

Shares sold short
288,818
Days to cover
1.36
Change vs previous report
+10.6%

FINRA short interest, settlement date Sep 15, 2026.

Stock splits

Jun 15, 1999
10-for-1