Suburban Propane (SPH)
Supplies propane, fuel oil and refined fuels through a nationwide local-service network.
Something off on this page? Send us feedback.
Distributes propane, fuel oil and refined fuels to residential, commercial, industrial and agricultural customers across the United States. The NYSE-listed master limited partnership also markets natural gas and electricity while developing renewable-energy investments.
Runs a local-service distribution network centered on propane, with fuel oil, refined fuels, natural-gas marketing and electricity marketing extending its energy offering. Residential, commercial, industrial and agricultural customers receive these products through locations across the United States.
Formed from a New Jersey propane business and organized as an NYSE-listed master limited partnership, the business expanded nationally through acquisitions. Propane and fuel-oil demand are mature and expected to be flat to moderately declining, while renewable energy is a separate growth area. Renewable activity includes interests in Oberon Fuels and Independence Hydrogen, plus renewable-natural-gas projects.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
No analyst notes in the last 24 months.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 27, 2026Cash & short-term investments $5.0M · Total debt $1.33B · Total assets $2.36B · Shareholders' equity $713.0M
- Revenue
- $261.4M
- Operating income
- $2.2M
- Net income
- −$17.5M
HistoryDividendAnnual yield
| Institutions | 43.12% | 28.77M shares | |
|---|---|---|---|
| 151 holders · as of Jun 30, 2026 | |||
| Insiders | 3.30% | 2.20M shares | |
| 24 holders · as of Sep 1, 2026 | |||
| Strategic holders | 3.72% | 2.48M shares | |
| 1 holder · as of Feb 8, 2023 | |||
| Other | 49.86% | 33.27M shares | |
| remainder | |||
66.71M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Alps Advisors IncInstitution | 22.07% | 14.72M | as of Jun 30, 2026 |
OppenheimerFunds, Inc.Institution | 9.44% | 6.30M | filed Feb 8, 2019 |
Mirae Asset Global Etfs Holdings Ltd.Institution | 6.79% | 4.53M | as of Jun 30, 2026 |
Global X Management CO LLCInstitution | 6.37% | 4.25M | filed May 15, 2025 |
Invesco Ltd.Strategic | 3.72% | 2.48M | filed Feb 8, 2023 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 31, 2026 | Bryon L. Koepke | officer: VP,General Counsel & Secretary | −2,848 | $17.65 |
| Dec 2, 2025 | Matthew J. Chanin | director | −10,000 | $19.31 |
- UGI
AmeriGas leads U.S. retail propane distribution
- Spectrum Brands
U.S. propane, heating oil, refined fuels and CNG/RNG overlap
- Star Group
Northeast propane, heating oil and related-fuel overlap
- OPAL
RNG production, marketing and fuel-station services overlap
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Suburban Propane | $16.91 | −0.24% | $1.12B | 8.6 | — | 0.8 | +0.5% |
| UGI | $37.17 | −0.16% | $7.98B | 12.5 | 12.8 | 1.1 | −4.5% |
| Spectrum Brands | $87.26 | +2.39% | $1.98B | 25.4 | 16.9 | 0.7 | +7.7% |
| Star Group | $12.78 | 0.00% | $419.6M | 6.2 | — | 0.2 | +17.2% |
| OPAL | $1.96 | +1.06% | $54.9M | — | 2.1 | 0.2 | +7.4% |
| Median | 12.5 | 12.8 | 0.5 | +7.5% |