Suburban Propane Partners LP
Research Suburban Propane Partners LP (SPH) on Bullrun: valuation model: 26.9% undervalued, market cap USD 1.18B, P/E 9.1, dividend yield 7.4%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerSPH
- ExchangeNYSE
- CountryUnited States
- SectorUtilities
- IndustryUtilities-Regulated Gas
- CurrencyUSD
- Valuation signal26.9% undervalued
- Market capUSD 1.18B
- P/E9.1
- Dividend yield7.4%
- Financial periodQ2 2026
- RevenueUSD 261.38M
- Net income-USD 17.53M
- Free cash flowUSD 49.53M
- Gross margin61.3%
Valuation Snapshot
Bullrun's latest valuation model marks Suburban Propane Partners LP as 26.9% undervalued; latest market cap is USD 1.18B; P/E is 9.1; dividend yield is 7.4%.
Peer valuation comparison
Latest P/E is 9.05x versus a Utilities sector median of 17.14x (47.2% below).
Latest dividend yield is 7.4% versus a Utilities sector median of 3.61% (105.0% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 1.43B | USD 106.57M | USD 114.30M | 60.6% | 1.62 | USD 405.00K | USD 1.21B | USD 0 |
| FY2024 | USD 1.33B | USD 74.17M | USD 101.16M | 60.7% | 1.14 | USD 3.22M | USD 1.21B | USD 0 |
| FY2023 | USD 1.43B | USD 123.75M | USD 180.29M | 58.7% | 1.92 | USD 3.51M | USD 1.19B | USD 0 |
| FY2022 | USD 1.50B | USD 139.71M | USD 176.20M | 52.6% | 2.18 | USD 4.10M | USD 1.08B | USD 0 |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 1.18B | 9.1 | 7.4% | 1.3 |
| 2025 | 2025-12-31 | USD 1.23B | 9.1 | 7.1% | 1.32 |
| 2024 | 2024-12-31 | USD 1.11B | 16.2 | 7.7% | 1.32 |
| 2023 | 2023-12-29 | USD 1.14B | 9.3 | 7.4% | 1.32 |
| 2022 | 2022-12-30 | USD 963.72M | 6.9 | 8.7% | 1.32 |
| 2021 | 2021-12-31 | USD 922.42M | 8.7 | 8.6% | 1.26 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.3 USD, yield 7.4%.
| Year | Dividends/share |
|---|---|
| FY2025 | 1.32 USD |
| FY2024 | 1.32 USD |
| FY2023 | 1.32 USD |
| FY2022 | 1.32 USD |
About Suburban Propane Partners LP
Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, renewable propane, renewable natural gas, fuel oil, and refined fuels in the United States. It operates through four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other.
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Frequently asked questions
Is Suburban Propane Partners LP overvalued or undervalued?
Bullrun's valuation model currently marks Suburban Propane Partners LP as 26.9% undervalued.
What is Suburban Propane Partners LP's market cap?
Suburban Propane Partners LP's market capitalization is USD 1.18B.
What is Suburban Propane Partners LP's P/E ratio?
Suburban Propane Partners LP's price-to-earnings (P/E) ratio is 9.1.
Does Suburban Propane Partners LP pay a dividend?
Suburban Propane Partners LP has a dividend yield of 7.4%.
What does Suburban Propane Partners LP do?
Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, renewable propane, renewable natural gas, fuel oil, and refined fuels in the United States. It operates through four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other.