-0.52%
19.58%
12.51%
16.87%
4.97%
40.96%
-3.78%
AI Spotlight on SPH
Company Description
Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, fuel oil, and refined fuels.The company operates in four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other.The Propane segment is involved in the retail distribution of propane to residential, commercial, industrial, and agricultural customers, as well as in the wholesale distribution to industrial end users.
It offers propane primarily for space heating, water heating, cooking, and clothes drying in the residential and commercial markets; for use as a motor fuel in internal combustion engines to power over-the-road vehicles, forklifts, and stationary engines, as well as to fire furnaces, as a cutting gas to the industrial customers, and in other process applications; and for tobacco curing, crop drying, poultry brooding, and weed control in the agricultural markets.The Fuel Oil and Refined Fuels segment engages in the retail distribution of fuel oil, diesel, kerosene, and gasoline to residential and commercial customers for use primarily as a source of heat in homes and buildings.The Natural Gas and Electricity segment markets natural gas and electricity to residential and commercial customers in the deregulated energy markets in New York and Pennsylvania.
The All Other segment sells, installs, and services a range of home comfort equipment, including whole-house heating products, air cleaners, humidifiers, and space heaters.As of September 25, 2021, the company served approximately 1.0 million residential, commercial, industrial, and agricultural customers through 700 locations in 41 states primarily in the east and west coast regions of the United States, as well as portions of the Midwest region of the United States and Alaska.Suburban Energy Services Group LLC serves as a general partner of Suburban Propane Partners, L.P. The company was founded in 1945 and is headquartered in Whippany, New Jersey.
Market Data
| Last Price | 21.13 |
| Change Percentage | -0.52% |
| Open | 20.92 |
| Previous Close | 21.24 |
| Market Cap ( Millions) | 1363 |
| Volume | 552232 |
| Year High | 21.55 |
| Year Low | 15.2 |
| M A 50 | 18.66 |
| M A 200 | 18.65 |
Financial Ratios
| FCF Yield | 7.42% |
| Dividend Yield | 6.15% |
| ROE | 16.49% |
| Debt / Equity | 0.00% |
| Net Debt / EBIDTA | 622.03% |
| Price To Book | 0 |
| Price Earnings Ratio | 18.31 |
| Price To FCF | 13.47 |
| Price To sales | 1.03 |
| EV / EBITDA | 12.52 |
News
- Jan -23 - Suburban Propane Partners, L.P. Declares Quarterly Distribution of $0.325 per Common Unit
- Jan -22 - Suburban Propane Partners, L.P. to Hold Fiscal 2025 First Quarter Results Conference Call
- Nov -27 - Suburban Propane Partners, L.P. Annual Report Available Online
- Nov -19 - Suburban Propane Powers the Future of Hydrogen Innovation with Sponsorship of H2 Grand Prix
- Nov -15 - Suburban Propane Partners, L.P. Announces Executive Level Promotion
- Nov -14 - Suburban Propane Partners, L.P. Common Units (SPH) Q4 2024 Earnings Call Transcript
- Nov -14 - Suburban Propane Partners, L.P. Announces Full Year and Fourth Quarter Results
- Nov -05 - Suburban Propane: Attractive Distribution With Manageable Debt
- Oct -31 - Suburban Propane and American Red Cross Team Up with Coppin State University to Raise Sickle Cell Awareness and Collect Blood in Baltimore
- Oct -24 - Suburban Propane Partners, L.P. Declares Quarterly Distribution of $0.325 per Common Unit
- Oct -23 - Suburban Propane Partners, L.P. to Hold Fiscal 2024 Full Year and Fourth Quarter Results Conference Call
- Oct -10 - Suburban Propane Collaborates with Rutland Community Cupboard to Stock the Shelves and Provide Fresh Milk to more than 2,700 Families in the Community
- Oct -04 - Suburban Propane Collaborates with the Nevada Outreach Training Organization to Clean and Organize Donation Inventory
- Sep -20 - Suburban Propane Joins Forces with Warren County Habitat for Humanity as a Framer Sponsor, Volunteers For Habitat Build Day
- Sep -06 - Suburban Propane Collaborates with Sharing House to Clean, Organize Donations & Contribute Funds to Emergency Heating Assistance Program
- Sep -05 - Rezolve AI and SPH AG Partner to Revolutionize Retail with Cutting-Edge AI Solutions
- Aug -14 - Suburban Propane Powers the Future of Hydrogen Innovation with Sponsorship of H2 Grand Prix
- Aug -08 - Suburban Propane Partners, L.P. Announces Third Quarter Results
- Jul -25 - Suburban Propane Partners, L.P. Declares Quarterly Distribution of $0.325 per Common Unit
- Jul -24 - Suburban Propane Partners, L.P. to Hold Fiscal 2024 Third Quarter Results Conference Call
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Propane
Expected Growth : 3.5 %
What the company do ?
Propane from Suburban Propane Partners, L.P. is a liquefied petroleum gas used as a clean-burning fuel for grills, vehicles, and home heating.
Why we expect these perspectives ?
Suburban Propane Partners, L.P.'s 3.5% growth in propane sales is driven by increasing demand from residential and commercial customers, particularly in the Northeast and Midwest regions. Additionally, the company's focus on cost savings initiatives, strategic acquisitions, and expansion into new markets, such as propane autogas, contribute to its growth momentum.
Segment n°2 -> Fuel Oil and Refined Fuels
Expected Growth : 3.8 %
What the company do ?
Fuel Oil and Refined Fuels from Suburban Propane Partners, L.P. refers to the provision of propane, fuel oil, and refined fuels for residential, commercial, and industrial uses.
Why we expect these perspectives ?
Suburban Propane Partners, L.P.'s 3.8% growth in Fuel Oil and Refined Fuels is driven by increasing demand for heating fuels, particularly in the Northeast region, coupled with strategic acquisitions and organic growth initiatives. Additionally, the company's focus on cost savings and operational efficiencies has contributed to the growth.
Segment n°3 -> All Other
Expected Growth : 3.2 %
What the company do ?
All Other from Suburban Propane Partners, L.P. refers to the remaining business segments not classified under Propane, Fuel Oil and Refined Products, or Natural Gas and Electricity.
Why we expect these perspectives ?
Suburban Propane Partners, L.P.'s 3.2% growth in 'All Other' segment is driven by increasing demand for propane-powered vehicles, expansion of cylinder exchange business, and growth in fees from ancillary services. Additionally, the partnership's focus on cost savings initiatives and operational efficiencies also contributed to the growth.
Segment n°4 -> Natural Gas and Electricity
Expected Growth : 4.2 %
What the company do ?
Suburban Propane Partners, L.P. offers natural gas and electricity services, providing customers with a reliable and efficient energy solution for their homes and businesses.
Why we expect these perspectives ?
Suburban Propane Partners, L.P.'s 4.2% growth in Natural Gas and Electricity is driven by increasing demand for clean energy, government incentives for renewable energy adoption, and strategic acquisitions expanding its customer base and geographic footprint.
Suburban Propane Partners, L.P. Products
| Product Range | What is it ? |
|---|---|
| Propane | A clean-burning, environmentally friendly fuel used for heating homes, water heating, cooking, and powering appliances. |
| Fuel Oil | A refined product used for heating homes and businesses. |
| Natural Gas | A clean-burning, environmentally friendly fuel used for heating homes, water heating, cooking, and powering appliances. |
| Electricity | A convenient and efficient energy source used for powering homes and businesses. |
| Propane-Powered Generators | Reliable backup power solutions for homes and businesses. |
| Fuel Delivery Services | Convenient and reliable fuel delivery services for homes and businesses. |
| Equipment Sales and Service | Sales, installation, and maintenance of propane-powered appliances and equipment. |
Suburban Propane Partners, L.P.'s Porter Forces
Threat Of Substitutes
Suburban Propane Partners, L.P. operates in a niche market, providing propane and other energy products to residential, commercial, and industrial customers. While there are substitutes available, such as electricity and natural gas, propane remains a popular choice for many customers. The threat of substitutes is moderate, as customers may choose alternative energy sources, but the convenience and cost-effectiveness of propane make it a viable option.
Bargaining Power Of Customers
Suburban Propane Partners, L.P. has a diverse customer base, with no single customer accounting for a significant portion of revenue. This reduces the bargaining power of customers, as no one customer has the ability to significantly impact the company's operations or pricing.
Bargaining Power Of Suppliers
Suburban Propane Partners, L.P. relies on a few large suppliers for its propane and other energy products. While the company has some negotiating power due to its size and scale, suppliers still have some bargaining power, particularly in times of high demand or supply chain disruptions.
Threat Of New Entrants
The propane industry has significant barriers to entry, including high capital costs, regulatory hurdles, and the need for specialized equipment and expertise. These barriers make it difficult for new entrants to join the market, reducing the threat of new competition.
Intensity Of Rivalry
The propane industry is highly competitive, with several large players vying for market share. Suburban Propane Partners, L.P. faces intense competition from other propane distributors, as well as from alternative energy sources. The company must continually innovate and improve its operations to remain competitive.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 70.89% |
| Debt Cost | 5.55% |
| Equity Weight | 29.11% |
| Equity Cost | 6.08% |
| WACC | 5.70% |
| Leverage | 243.48% |
Suburban Propane Partners, L.P. : Quality Control
Suburban Propane Partners, L.P. passed 2 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| NWN | Northwest Natural Holding Company, through its subsidiary, Northwest Natural Gas Company, provides regulated natural gas distribution services to residential, commercial, industrial, and transportation customers in Oregon and Southwest Washington. The … |
| NI | NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates through two segments, Gas Distribution Operations and Electric … |
| ARIS | Aris Water Solutions, Inc., an environmental infrastructure and solutions company, provides water handling and recycling solutions. The company's produced water handling business gathers, transports, unless recycled, and handles produced water … |
| RGCO | RGC Resources, Inc., through its subsidiaries, operates as an energy services company. It sells and distributes natural gas to residential, commercial, and industrial customers in Roanoke, Virginia, and the surrounding … |
| OPAL | OPAL Fuels Inc. engages in the production and distribution of renewable natural gas for use as a vehicle fuel for heavy and medium-duty trucking fleets. It also designs, develops, constructs, … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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NiSource
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Northwest Natural
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Suburban Propane
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4
Aris Water Solutions
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5
RGC Resources
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1-Year Total Return ->
6
