Headquartered in Whippany, NJ Fiscal year ends September NYSE: SPH suburbanpropane.com
Suburban Propane Partners, L.P. is a publicly traded master limited partnership on the NYSE that has been in the customer service business since 1928. It distributes propane, renewable propane, renewable natural gas (RNG), fuel oil and related products and services nationwide. It also markets natural gas and electricity and produces and invests in low-carbon fuel alternatives. The partnership serves about 1 million residential, commercial, governmental, industrial and agricultural customers through about 750 locations in 42 states. As of fiscal year-end 2026 it reports two segments: Propane, which covers distribution of propane, renewable propane, other fuels and related services, and Renewable Natural Gas, which covers RNG production and injection. RNG facilities are in Stanfield, Arizona; Upstate New York; and Columbus, Ohio. The partnership's growing RNG platform generates federal production and investment tax credits. It continues to buy propane distributors in strategic markets, recently in California and Florida, and pays quarterly cash distributions to Common Unitholders. Updated
The seasonal loss came in far wider than expected on $23.1 million of equity losses and impairments on unconsolidated affiliates plus a $7.9 million goodwill writedown, with propane demand holding up. Adjusted EBITDA rose to $7.3 million from $0.7 million a year ago, and management just lifted the annualized distribution 7.7% to $1.40 per unit with RNG growth spending substantially done.
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Douglas A. McIntyre Suburban Propane Partners, L.P. is a publicly traded master limited partnership on the NYSE that has been in the customer service business since 1928. It distributes propane, renewable propane, renewable natural gas (RNG), fuel oil and related products and services nationwide.
The Wall Street consensus 12-month price target for SPH is $17.00.
