SPH
Suburban Propane Partners, L.P.
NYSEUSDEQUITY
Utilities
DELAYED
Sell
-27/100
Last price
17.08
▲ 0.31 (1.85%)
MARKET · —
Price
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Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
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Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
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Range —
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vs
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Open
—
Prev close
16.77
Day high
17.16
Day low
16.75
Volume
112.62K
Market cap
$1.14B
P/E (TTM)
8.85
52W range
16.25 – 20.80
Trailing performance
Returnvs SPY
1W
+2.83%
+0.9%
1M
-2.51%
-3.7%
3M
-5.69%
-10.2%
6M
-14.77%
-33.0%
YTD
-7.87%
-22.1%
1Y
-7.78%
-24.2%
3Y
+6.42%
-75.8%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on SPH open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
1.08M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Sep 29, 26 | SWIFT JANE M Director |
SELL | 512 | $8.44K | Direct |
| Sep 23, 26 | SWIFT JANE M Director |
SELL | 745 | $12.56K | Direct |
| Aug 31, 26 | KOEPKE BRYON LEE General Counsel |
SELL | 2.85K | $50.27K | Direct |
| Dec 2, 25 | CHANIN MATTHEW J Director |
SELL | 10.00K | $193.10K | Direct |
| Nov 14, 25 | LANDUYT WILLIAM M Director |
CONVERSION | 2.35K | $44.33K | Direct |
| Nov 14, 25 | LOGAN HAROLD R. JR. Director |
CONVERSION | 2.35K | $44.33K | Direct |
| Nov 14, 25 | CHANIN MATTHEW J Director |
CONVERSION | 3.14K | $59.09K | Direct |
| Nov 14, 25 | STIVALA MICHAEL A Chief Executive Officer |
CONVERSION | 13.79K | $259.69K | Direct |
| Nov 14, 25 | D AMBROSIO A DAVIN Officer and Treasurer |
CONVERSION | 7.40K | $139.36K | Direct |
| Nov 14, 25 | SWIFT JANE M Director |
— | 2.35K | — | Direct |
| Nov 14, 25 | BRINKWORTH DOUGLAS T Officer |
CONVERSION | 23.40K | $440.68K | Direct |
| Nov 14, 25 | KUGLIN MICHAEL A Chief Financial Officer |
CONVERSION | 23.40K | $440.68K | Direct |
| Nov 14, 25 | SCANLON NEIL E Officer |
CONVERSION | 20.71K | $390.01K | Direct |
| Nov 14, 25 | BLOOMSTEIN DANIEL S Officer |
CONVERSION | 9.87K | $185.80K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BOYD STEVEN C |
Chief Operating Officer | 198.60K | Conversion of Exercise of derivative security |
BRINKWORTH DOUGLAS T |
Officer | 171.47K | Conversion of Exercise of derivative security |
CLEFFI FRANCESCA |
Officer | 105.78K | Conversion of Exercise of derivative security |
D AMBROSIO A DAVIN |
Officer and Treasurer | 79.71K | Conversion of Exercise of derivative security |
DAGAN DOUGLAS |
Officer | 101.33K | Conversion of Exercise of derivative security |
KOEPKE BRYON LEE |
General Counsel | 100.71K | Sale |
KUGLIN MICHAEL A |
Chief Financial Officer | 198.18K | Conversion of Exercise of derivative security |
ONDERDONK KEITH P |
Officer | 86.60K | Conversion of Exercise of derivative security |
SCANLON NEIL E |
Officer | 180.40K | Conversion of Exercise of derivative security |
STIVALA MICHAEL A |
Chief Executive Officer | 336.98K | Conversion of Exercise of derivative security |
Fundamentals
Market cap$1.14B
Enterprise value$2.46B
Revenue (TTM)$1.39B
Gross profit$374.67M
EBITDA$279.08M
Net income$130.66M
EPS (TTM)$1.93
Free cash flow$79.45M
Total cash$5.03M
Total debt$1.33B
Book value / share$10.69
Shares outstanding66.71M
Float65.01M
Short % of float0.57%
Dividend yield7.61%
Beta (5Y)0.39
Valuation & profitability ratios
Trailing P/E8.85
Forward P/E8.21
PEG ratio1.21
Price / sales—
Price / book1.60
EV / revenue1.77
EV / EBITDA8.82
Gross margin26.87%
Operating margin0.78%
Profit margin9.37%
Return on equity19.23%
Return on assets5.64%
Debt / equity186.21
Current ratio0.78
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $1.43B | $1.33B | $1.43B | $1.50B | +7.9% |
| Operating revenue | $1.36B | $1.25B | $1.36B | $1.45B | +8.6% |
| Cost of revenue | $563.71M | $522.20M | $590.13M | $712.12M | +7.9% |
| Gross profit | $868.81M | $804.98M | $839.06M | $789.34M | +7.9% |
| Selling, general & admin | $96.38M | $89.89M | $91.57M | $81.76M | +7.2% |
| Total operating expense | $662.50M | $633.73M | $632.21M | $583.01M | +4.5% |
| Operating income | $206.31M | $171.25M | $206.85M | $206.33M | +20.5% |
| Net interest income | -$76.27M | -$74.59M | -$73.39M | -$60.66M | -2.2% |
| Pre-tax income | $107.92M | $74.91M | $124.42M | $140.14M | +44.1% |
| Tax provision | $1.35M | $734.00K | $668.00K | $429.00K | +83.7% |
| Net income | $106.57M | $74.17M | $123.75M | $139.71M | +43.7% |
| Net income to common | $106.57M | $74.17M | $123.75M | $139.71M | +43.7% |
| Basic EPS | 1.64 | 1.15 | 1.94 | 2.21 | +42.6% |
| Diluted EPS | 1.62 | 1.14 | 1.92 | 2.18 | +42.1% |
| EBIT | $184.18M | $149.50M | $197.81M | $200.79M | +23.2% |
| EBITDA | $256.23M | $216.47M | $260.39M | $259.64M | +18.4% |
| Basic shares | 65.11M | 64.31M | 63.84M | 63.21M | +1.3% |
| Diluted shares | 65.59M | 64.84M | 64.44M | 64.02M | +1.2% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $405.00K | $3.22M | $3.51M | $4.10M | -87.4% |
| Cash & short-term investments | $405.00K | $3.22M | $3.51M | $4.10M | -87.4% |
| Accounts receivable | $69.48M | $66.44M | $67.69M | $78.53M | +4.6% |
| Inventory | $73.73M | $55.43M | $61.83M | $66.92M | +33.0% |
| Total current assets | $166.27M | $157.54M | $164.00M | $174.86M | +5.5% |
| Property, plant & equipment | $810.27M | $794.23M | $788.99M | $700.36M | +2.0% |
| Goodwill & intangibles | $1.24B | $1.23B | $1.23B | $1.15B | +1.4% |
| Total assets | $2.30B | $2.27B | $2.27B | $2.10B | +1.0% |
| Total current liabilities | $302.82M | $306.12M | $307.82M | $306.62M | -1.1% |
| Long-term debt | $1.21B | $1.21B | $1.19B | $1.08B | +0.1% |
| Total debt | $1.33B | $1.35B | $1.33B | $1.21B | -1.5% |
| Total liabilities | $1.70B | $1.73B | $1.72B | $1.61B | -1.6% |
| Shareholder equity | $0 | $0 | $0 | $0 | — |
| Working capital | -$136.55M | -$148.58M | -$143.82M | -$131.76M | +8.1% |
| Net tangible assets | -$1.24B | -$1.23B | -$1.23B | -$1.15B | -1.4% |
| Shares issued | 65.84M | 64.07M | 63.52M | 62.99M | +2.8% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $106.57M | $74.17M | $123.75M | $139.71M | +43.7% |
| Depreciation & amortisation | $72.04M | $66.97M | $62.58M | $58.85M | +7.6% |
| Stock-based compensation | $7.78M | $8.19M | $8.26M | $11.25M | -5.1% |
| Change in working capital | -$31.02M | -$7.79M | $26.86M | $10.26M | -298.5% |
| Operating cash flow | $186.26M | $160.59M | $225.24M | $220.55M | +16.0% |
| Capital expenditure | -$71.96M | -$59.43M | -$44.95M | -$44.35M | -21.1% |
| Investing cash flow | -$128.25M | -$81.64M | -$170.64M | -$94.44M | -57.1% |
| Dividends paid | -$84.17M | -$83.09M | -$82.38M | -$81.72M | -1.3% |
| Financing cash flow | -$66.74M | -$72.50M | -$44.63M | -$127.82M | +7.9% |
| Free cash flow | $114.30M | $101.16M | $180.29M | $176.19M | +13.0% |
| End cash position | $405.00K | $3.22M | $3.51M | $4.10M | -87.4% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $261.38M | $551.21M | $370.39M | $211.38M | $260.15M | -52.6% |
| Operating revenue | $243.21M | $532.27M | $350.46M | $194.35M | $241.45M | -54.3% |
| Cost of revenue | $101.05M | $207.50M | $130.84M | $74.62M | $99.56M | -51.3% |
| Gross profit | $160.33M | $343.71M | $239.55M | $136.75M | $160.59M | -53.4% |
| Selling, general & admin | $16.45M | $30.04M | $27.87M | $20.88M | $18.74M | -45.2% |
| Total operating expense | $158.10M | $185.79M | $171.90M | $153.51M | $155.00M | -14.9% |
| Operating income | $2.22M | $157.91M | $67.65M | -$16.75M | $5.59M | -98.6% |
| Net interest income | -$18.85M | -$19.69M | -$19.76M | -$17.20M | -$18.88M | +4.3% |
| Pre-tax income | -$17.34M | $137.66M | $46.01M | -$34.59M | -$14.59M | -112.6% |
| Tax provision | $182.00K | $120.00K | $231.00K | $547.00K | $242.00K | +51.7% |
| Net income | -$17.53M | $137.54M | $45.78M | -$35.14M | -$14.84M | -112.7% |
| Net income to common | -$17.53M | $137.54M | $45.78M | -$35.14M | -$14.84M | -112.7% |
| Basic EPS | -0.26 | 2.07 | 0.69 | -0.53 | -0.23 | -112.6% |
| Diluted EPS | -0.26 | 2.06 | 0.69 | -0.53 | -0.23 | -112.6% |
| EBIT | $1.50M | $157.36M | $65.77M | -$17.38M | $4.29M | -99.0% |
| EBITDA | $18.18M | $173.61M | $82.63M | $1.22M | $23.02M | -89.5% |
| Basic shares | 66.68M | 66.56M | 66.26M | 65.82M | 65.38M | +0.2% |
| Diluted shares | 66.68M | 66.90M | 66.47M | 65.82M | 65.38M | -0.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $5.03M | $4.29M | $1.28M | $405.00K | $1.34M | +17.3% |
| Cash & short-term investments | $5.03M | $4.29M | $1.28M | $405.00K | $1.34M | +17.3% |
| Accounts receivable | $84.73M | $148.12M | $129.29M | $69.48M | $79.93M | -42.8% |
| Inventory | $65.92M | $63.55M | $69.28M | $73.73M | $60.42M | +3.7% |
| Total current assets | $193.98M | $267.48M | $236.03M | $166.27M | $175.20M | -27.5% |
| Property, plant & equipment | $827.16M | $823.95M | $824.64M | $810.27M | $813.10M | +0.4% |
| Goodwill & intangibles | $1.25B | $1.25B | $1.26B | $1.24B | $1.25B | -0.3% |
| Total assets | $2.36B | $2.43B | $2.40B | $2.30B | $2.31B | -2.9% |
| Total current liabilities | $247.89M | $247.77M | $272.64M | $302.82M | $250.62M | +0.0% |
| Long-term debt | $1.22B | $1.26B | $1.32B | $1.21B | $1.23B | -2.8% |
| Total debt | $1.33B | $1.36B | $1.43B | $1.33B | $1.35B | -2.7% |
| Total liabilities | $1.64B | $1.68B | $1.77B | $1.70B | $1.67B | -2.4% |
| Shareholder equity | $0 | $0 | $0 | $0 | $0 | — |
| Working capital | -$53.91M | $19.71M | -$36.61M | -$136.55M | -$75.41M | -373.6% |
| Net tangible assets | -$1.25B | -$1.25B | -$1.26B | -$1.24B | -$1.25B | +0.3% |
| Shares issued | 66.71M | 66.33M | 66.33M | 65.84M | 65.42M | +0.6% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$17.53M | $137.54M | $45.78M | -$35.14M | -$14.84M | -112.7% |
| Depreciation & amortisation | $16.67M | $16.25M | $16.86M | $18.61M | $18.73M | +2.6% |
| Stock-based compensation | $1.75M | $1.82M | $2.31M | $1.72M | $1.84M | -4.1% |
| Change in working capital | $69.77M | -$37.34M | -$115.39M | $49.86M | $88.66M | +286.8% |
| Operating cash flow | $70.98M | $116.27M | -$47.67M | $41.83M | $95.54M | -38.9% |
| Capital expenditure | -$21.46M | -$24.73M | -$19.80M | -$14.13M | -$14.68M | +13.2% |
| Investing cash flow | -$20.79M | -$24.54M | -$41.30M | -$13.33M | -$17.80M | +15.3% |
| Dividends paid | -$21.57M | -$21.56M | -$21.40M | -$21.28M | -$21.11M | -0.0% |
| Financing cash flow | -$51.60M | -$86.59M | $88.77M | -$29.42M | -$82.45M | +40.4% |
| Free cash flow | $49.53M | $91.53M | -$67.47M | $27.70M | $80.86M | -45.9% |
| End cash position | $5.03M | $4.29M | $11.57M | $405.00K | $1.34M | +17.3% |
Options analytics
Put / call volume
0.39
Call-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
7.50
-56.1% from spot
ATM implied vol
6.3%
Nearest strike to spot
Skew (10% OTM)
-25.0%
Calls bid over puts
Call volume
110
Contracts, this expiry
Put volume
43
Contracts, this expiry
Heaviest call OI
17.50
0 contracts
Heaviest put OI
7.50
0 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | -0.15 | -0.27 | -76.9% |
| Mar 2026 | 1.98 | 2.08 | +5.1% |
| Dec 2025 | 0.75 | 0.70 | -6.6% |
| Sep 2025 | -0.51 | -0.54 | -6.3% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | -0.58 | 1 | $217.00M | +2.7% |
| Next quarter | — | — | $0 | — |
| Current year | 1.93 | 1 | $1.40B | -2.3% |
| Next year | 2.08 | 1 | $1.45B | +3.8% |
Analyst targets & ownership
Mean target$17.00
High target$17.00
Low target$17.00
Implied upside-0.47%
Analyst count1
ConsensusHOLD
Strong buy / Buy0 / 1
Hold0
Sell / Strong sell1 / 0
Held by insiders1.61%
Held by institutions43.12%
Institutions holding159
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
16.61
+2.83% from price
SMA 20
16.82
+1.57% from price
SMA 50
17.41
-1.90% from price
SMA 100
17.96
-4.88% from price
SMA 200
18.84
-9.32% from price
EMA 12
16.75
+1.98% from price
EMA 26
16.95
+0.75% from price
EMA 50
17.29
-1.23% from price
RSI (14)
52.8
Neutral
MACD (12,26,9)
-0.21
Hist 0.06
ATR (14)
0.35
2.02% of price
Realised vol 30D
13.9%
Annualised
Bollinger upper
17.39
20, 2σ
Bollinger lower
16.24
20, 2σ
50 / 200 cross
Death
17.41 vs 18.84
Trend bias
Below 200
-9.32%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.01
Less volatile than market
Correlation to SPY
0.01
Largely independent
Realised vol 30D
13.9%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-20.7%
Peak to trough
Max drawdown 5Y
-26.2%
Peak to trough
ATR 14
0.35
2.02% of price
Beta (reported)
0.39
5Y monthly, from filing
Short interest
Shares short
288.82K
Prior 327.99K
Change vs prior
-11.9%
Shorts covering
% of float
0.57%
Normal
% of shares out
0.43%
Against total outstanding
Days to cover
1.5
Liquid
Float
65.01M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Aug 30, 24 | Wells Fargo | DOWNGRADE | Equal-Weight | Underweight |
| Jun 10, 24 | Argus Research | MAINTAINED | Buy | Buy |
| Jan 29, 24 | Mizuho | DOWNGRADE | Neutral | Underperform |
| Jun 29, 23 | Mizuho | MAINTAINED | Neutral | Neutral |
| Apr 26, 23 | Mizuho | INITIATED | — | Neutral |
| Nov 17, 22 | Wells Fargo | MAINTAINED | — | Equal-Weight |
| Apr 28, 22 | Wells Fargo | MAINTAINED | — | Equal-Weight |
| Dec 16, 21 | Wells Fargo | MAINTAINED | — | Equal-Weight |
| May 13, 21 | Wells Fargo | MAINTAINED | — | Equal-Weight |
| Mar 26, 21 | Argus Research | UPGRADE | Hold | Buy |
| Oct 21, 20 | Argus Research | UPGRADE | Sell | Hold |
| Oct 20, 20 | Raymond James | MAINTAINED | — | Outperform |
Dividends & splits
Forward rate$1.30 / yr
Forward yield7.61%
5-year avg yield7.39%
Payout ratio67.36%
Ex-dividend dateAug 4, 2026
Next pay dateAug 11, 2026
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-08-06
Corporate Changes & Voting Matters
8-K · 2026-07-23
Corporate Changes & Voting Matters
8-K · 2026-07-22
Corporate Changes & Voting Matters
8-K · 2026-05-07
Corporate Changes & Voting Matters
8-K · 2026-04-23
Corporate Changes & Voting Matters
8-K · 2026-04-22
Corporate Changes & Voting Matters
8-K · 2026-02-05
Corporate Changes & Voting Matters
8-K · 2026-01-22
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Puerto Rico Governor Says Island 'Open for Business': NYSE Content Update
PR Newswire · 43d ago
Can Counter-Seasonal Growth Ease SPH's Weather Dependence?
Zacks · 49d ago
Did Mixed Q3 Loss and Strong Nine-Month Earnings Just Shift Suburban Propane Partners' (SPH) Investment Narrative?
Simply Wall St. · 55d ago
3 Reasons Suburban Propane Is a Buy Despite Wider Q3 Loss
Zacks · 55d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.