Suburban Propane Partners, L.P. (SPH)

In December 2025, the company completed a private offering of $350 million aggregate principal amount of 6.500% Senior Notes due 2035. For fiscal year 2025, the company reported strong performance with Adjusted EBITDA climbing 11.2% to $278.0 million. In October 2025, Suburban Propane acquired two distribution businesses in California for $24 million. The share price as of December 31, 2025, was $18.54, representing an increase of 4.92% from January 2, 2025. In October 2025, the Board of Supervisors declared a quarterly distribution of $0.325 per Common Unit.

Demand for Suburban Propane's products and services is highly seasonal, with substantially higher demand during the winter months. The company typically reports a net loss in the fourth fiscal quarter, with the first half of the fiscal year being more critical to its results. Strong propane demand in fiscal 2025 was attributed to normal winter weather and increased demand in the Southeast following Hurricanes Helene and Milton.

Suburban Propane Partners LP is a publicly traded Master Limited Partnership (MLP) that distributes and markets energy products and services across the United States, operating primarily in the Utilities sector, specifically within the Gas Utilities and Oil & Gas Refining and Marketing industries. The company's core business involves the retail marketing and distribution of propane, fuel oil, and refined fuels. It distributes propane and renewable propane to various customers for heating, cooking, and industrial applications. It supplies fuel oil, diesel, kerosene, and gasoline for heating. It markets natural gas and electricity to residential and commercial customers in deregulated markets in New York and Pennsylvania. It sells, installs, and services home comfort equipment. Suburban Propane is also investing in low-carbon alternatives like Renewable Natural Gas (RNG) and renewable propane.

Suburban Propane Partners LP has a broad geographic presence, operating approximately 700 locations across 42 states, primarily covering the east and west coast regions of the United States, along with parts of the Midwest and Alaska. The company serves approximately 1 million residential, commercial, industrial, and agricultural customers.

Suburban Propane emphasizes its brand reputation through the "Suburban Commitment," "SuburbanCares," and "Go Green with Suburban Propane" pillars, highlighting customer service, community support, and a low-carbon energy future. In October 2025, Suburban Propane's President & CEO, Michael Stivala, was honored with dual awards for executive leadership. No specific negative events impacting the company's brand reputation in the past year were found in the provided information.

Retail/Public Investors hold the largest single block at 51.19% of common units. Institutional Investors collectively hold 41.62%, with major players including Alps Advisors Inc., Mirae Asset Global ETFS Holdings Ltd., Goldman Sachs Group Inc., JPMorgan Chase & Co, and Bowen Hanes & Co Inc. Insider Ownership stands at 7.18%. Mark A. Alexander is the largest individual shareholder, owning 1.29 million shares, representing 1.95% of the company.