SPH · Suburban Propane Partners LP - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $551.21M | $370.39M | $260.15M | $587.66M | $373.33M | $254.61M | $498.09M | $365.83M | $278.63M | $526.50M |
| Cost of Revenue | $207.50M | $130.84M | $99.56M | $242.36M | $147.16M | $94.40M | $190.12M | $153.05M | $110.45M | $231.61M |
| Gross Profit | $343.71M | $239.55M | $160.59M | $345.30M | $226.17M | $160.21M | $307.97M | $212.78M | $168.18M | $294.89M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $30.04M | $27.87M | $18.74M | $29.91M | $26.85M | $19.76M | $26.07M | $25.57M | $21.14M | $25.70M |
| Total Operating Expenses | $393.30M | $302.74M | $254.56M | $429.25M | $314.27M | $246.42M | $361.23M | $317.09M | $263.76M | $400.82M |
| D&A | $16.25M | $16.86M | $18.73M | $17.60M | $17.10M | $16.38M | $16.73M | $16.39M | $15.54M | $16.06M |
| Operating Income | $157.91M | $67.65M | $5.59M | $158.41M | $59.06M | $8.19M | $136.86M | $48.75M | $14.87M | $125.68M |
| Interest Expense | $19.69M | $19.76M | $18.88M | $20.57M | $19.61M | $18.43M | $19.92M | $18.19M | $18.73M | $19.87M |
| Income Tax | $120.0K | $231.0K | $242.0K | ($4.0K) | $563.0K | $243.0K | $32.0K | $249.0K | $244.0K | $225.0K |
| Net Income | $137.54M | $45.78M | ($14.84M) | $137.12M | $19.42M | ($17.19M) | $111.50M | $24.45M | ($5.26M) | $104.48M |
| EPS - Basic | $2.07 | $0.69 | ($0.23) | $2.11 | $0.30 | ($0.27) | $1.73 | $0.38 | ($0.08) | $1.63 |
| EPS - Diluted | $2.06 | $0.69 | ($0.23) | $2.10 | $0.30 | ($0.27) | $1.72 | $0.38 | ($0.08) | $1.62 |
Balance Sheet
| Line item | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.29M | $1.28M | $405.0K | $3.88M | $4.44M | $3.22M | $4.42M | $6.28M | $3.51M | $7.18M |
| Accounts Receivable | $148.12M | $129.29M | $69.48M | $150.50M | $125.11M | $66.44M | $122.99M | $118.74M | $67.69M | $139.53M |
| Inventory | $63.55M | $69.28M | $73.73M | $58.27M | $60.57M | $55.43M | $57.96M | $60.97M | $61.83M | $66.17M |
| Accounts Payable | $44.91M | $47.86M | $45.04M | $39.25M | $86.26M | $41.06M | $52.43M | $72.22M | $40.04M | $69.34M |
| Current Assets | $267.48M | $236.03M | $166.27M | $250.09M | $230.00M | $157.54M | $226.12M | $221.64M | $164.00M | $254.09M |
| Total Assets | $2.43B | $2.40B | $2.30B | $2.40B | $2.38B | $2.27B | $2.34B | $2.32B | $2.27B | $2.35B |
| Current Liabilities | $247.77M | $272.64M | $302.82M | $235.66M | $329.40M | $306.12M | $257.18M | $309.57M | $307.82M | $283.18M |
| Long-term Debt | $1.26B | $1.32B | $1.21B | $1.29B | $1.30B | $1.21B | $1.21B | $1.24B | $1.19B | $1.24B |
| Total Liabilities | $1.68B | $1.77B | $1.70B | $1.73B | $1.84B | $1.73B | $1.69B | $1.77B | $1.72B | $1.74B |
| Stockholders' Equity | - | - | - | - | - | - | - | - | - | - |
| Retained Earnings | - | - | - | - | - | - | - | - | - | - |
Cash Flow
| Line item | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | ($47.67M) | - | - | $8.78M | - | - | ($12.78M) | - | - |
| Investing Cash Flow | - | ($41.30M) | - | - | ($74.52M) | - | - | ($13.91M) | - | - |
| Financing Cash Flow | - | $88.77M | - | - | $67.64M | - | - | $30.61M | - | - |
| CapEx | - | $19.80M | - | - | $23.84M | - | - | $11.15M | - | - |
| Free Cash Flow | - | ($67.47M) | - | - | ($15.06M) | - | - | ($23.93M) | - | - |
Ratios
| Metric | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 62.4% | 64.7% | 61.7% | 58.8% | 60.6% | 62.9% | 61.8% | 58.2% | 60.4% | 56.0% |
| Operating margin | 28.6% | 18.3% | 2.1% | 27.0% | 15.8% | 3.2% | 27.5% | 13.3% | 5.3% | 23.9% |
| EBITDA margin | 31.6% | 22.8% | 9.4% | 30.0% | 20.4% | 9.6% | 30.8% | 17.8% | 10.9% | 26.9% |
| Net margin | 25.0% | 12.4% | -5.7% | 23.3% | 5.2% | -6.8% | 22.4% | 6.7% | -1.9% | 19.8% |
| Free cash flow margin | - | -18.2% | - | - | -4.0% | - | - | -6.5% | - | - |
| FCF / Net income | - | -1.47 | - | - | -0.78 | - | - | -0.98 | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 5.5% | 7.5% | 7.2% | 5.1% | 7.2% | 7.8% | 5.2% | 7.0% | 7.6% | 4.9% |
| Effective tax rate | 0.1% | 0.5% | - | -0.0% | 2.8% | - | 0.0% | 1.0% | - | 0.2% |
| Return on assets | 5.7% | 1.9% | -0.6% | 5.7% | 0.8% | -0.8% | 4.8% | 1.1% | -0.2% | 4.4% |
| Return on equity | - | - | - | - | - | - | - | - | - | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.08 | 0.87 | 0.55 | 1.06 | 0.70 | 0.51 | 0.88 | 0.72 | 0.53 | 0.90 |
| Quick ratio | 0.82 | 0.61 | 0.31 | 0.81 | 0.51 | 0.33 | 0.65 | 0.52 | 0.33 | 0.66 |
| Cash ratio | 0.02 | 0.00 | 0.00 | 0.02 | 0.01 | 0.01 | 0.02 | 0.02 | 0.01 | 0.03 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | 0.52 | 0.55 | 0.53 | 0.54 | 0.55 | 0.53 | 0.52 | 0.54 | 0.52 | 0.53 |
| Debt / EBITDA | 7.23 | 15.65 | 49.81 | 7.35 | 17.11 | 49.26 | 7.89 | 19.09 | 39.08 | 8.71 |
| Interest coverage | 8.0x | 3.4x | 0.3x | 7.7x | 3.0x | 0.4x | 6.9x | 2.7x | 0.8x | 6.3x |
| Equity multiplier | - | - | - | - | - | - | - | - | - | - |
| Liabilities / Assets | 0.69 | 0.74 | 0.74 | 0.72 | 0.77 | 0.76 | 0.73 | 0.76 | 0.76 | 0.74 |
| Efficiency | ||||||||||
| Asset turnover | 0.23 | 0.15 | 0.11 | 0.24 | 0.16 | 0.11 | 0.21 | 0.16 | 0.12 | 0.22 |
| Inventory turnover | 3.27 | 1.89 | 1.35 | 4.16 | 2.43 | 1.70 | 3.28 | 2.51 | 1.79 | 3.50 |
| Days sales outstanding | 98d | 127d | 97d | 93d | 122d | 95d | 90d | 118d | 89d | 97d |
| Days inventory outstanding | 112d | 193d | 270d | 88d | 150d | 214d | 111d | 145d | 204d | 104d |
| Days payable outstanding | 79d | 134d | 165d | 59d | 214d | 159d | 101d | 172d | 132d | 109d |
| Cash conversion cycle | 131d | 187d | 203d | 122d | 59d | 151d | 101d | 92d | 161d | 92d |
| Valuation | ||||||||||
| P / E | 9.9x | 27.3x | - | 10.1x | 57.6x | - | 11.9x | 46.7x | - | 9.2x |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x |
| EV / EBITDA | 7.2x | 15.6x | 49.8x | 7.3x | 17.1x | 49.2x | 7.9x | 19.0x | 39.0x | 8.7x |
| Growth | ||||||||||
| Revenue growth (YoY) | -6.2% | -0.8% | 2.2% | 18.0% | 2.0% | -8.6% | -5.4% | - | -7.2% | -10.5% |
| Revenue CAGR (3y) | 1.5% | - | -4.7% | -0.0% | -2.1% | 7.2% | -2.5% | 6.2% | 9.2% | 9.5% |
| Revenue CAGR (5y) | 0.5% | 3.9% | 4.0% | 7.9% | 2.3% | 3.5% | -1.5% | -0.6% | 4.6% | -0.4% |
| Gross profit growth (YoY) | -0.5% | 5.9% | 0.2% | 12.1% | 6.3% | -4.7% | 4.4% | - | 5.5% | -15.5% |
| Operating income growth (YoY) | -0.3% | 14.5% | -31.7% | 15.7% | 21.2% | -44.9% | 8.9% | - | 0.6% | -34.5% |
| Net income growth (YoY) | 0.3% | 135.7% | 13.7% | 23.0% | -20.6% | -226.8% | 6.7% | - | -107.5% | -40.3% |
| EPS growth (YoY) | -1.9% | 130.0% | 14.8% | 22.1% | -21.1% | -237.5% | 6.2% | - | -100.0% | -40.9% |
| EPS CAGR (3y) | 8.3% | - | - | -8.5% | -25.0% | - | -5.2% | -14.6% | - | 9.6% |
| EPS CAGR (5y) | 0.4% | 2.5% | - | 11.3% | -14.1% | - | -2.4% | -3.3% | - | -1.3% |
| FCF growth (YoY) | - | -348.0% | - | - | 37.0% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | - | - | - | - | - | - | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-09-27.
Business segments
$1.43B totalPropane$1.27B · 88.3%
All Other Segments$75.08M · 5.2%
Fuel Oil And Refined Fuels$67.35M · 4.7%
Natural Gas And Electricity$24.59M · 1.7%
Product / service
$2.24B totalPropane$1.27B · 56.5%
Retail$766.53M · 34.2%
Other Sales Revenue Net$75.08M · 3.4%
Fuel Oil And Refined Fuels$67.35M · 3.0%
Wholesale$39.86M · 1.8%
Natural Gas And Electricity$24.59M · 1.1%
Peer comparison
Same SIC group: Retail-Miscellaneous Retail
Comparing SUBURBAN PROPANE PARTNERS LP against the 5 most active filers in the same SIC group.
Dividends
$1.30/share trailing 12 months · 0.0% YoY
| Ex-date | Per share |
|---|---|
| May 5, 2026 | $0.3250 |
| Feb 3, 2026 | $0.3250 |
| Nov 4, 2025 | $0.3250 |
| Aug 5, 2025 | $0.3250 |
| May 6, 2025 | $0.3250 |
| Feb 4, 2025 | $0.3250 |
| Nov 5, 2024 | $0.3250 |
| Aug 6, 2024 | $0.3250 |
| May 6, 2024 | $0.3250 |
| Feb 5, 2024 | $0.3250 |
| Nov 6, 2023 | $0.3250 |
| Jul 31, 2023 | $0.3250 |
| May 1, 2023 | $0.3250 |
| Jan 30, 2023 | $0.3250 |
| Oct 31, 2022 | $0.3250 |
| Aug 1, 2022 | $0.3250 |
| May 2, 2022 | $0.3250 |
| Jan 31, 2022 | $0.3250 |
| Nov 1, 2021 | $0.3250 |
| Aug 2, 2021 | $0.3250 |
| May 3, 2021 | $0.3000 |
| Feb 1, 2021 | $0.3000 |
| Nov 2, 2020 | $0.3000 |
| Aug 3, 2020 | $0.3000 |