SPH Stock — Suburban Propane Partners LP

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Next earnings call

Nov 5, 2026 Est · unconfirmed · in 4 wks

Latest filing: 10-Q

filed Aug 6, 2026

Q3 2026 earnings call transcript

call held Aug 6, 2026

Metrics snapshot

Useful current figures from the complete screener profile.

View all 115 metrics

Revenue (TTM)

$1.39B

Trailing 12 months

Net income (TTM)

$130.66M

Trailing 12 months

Revenue growth YoY

+0.5%

Year over year

Operating margin

15.1%

Trailing 12 months

P / E (TTM)

8.5

Trailing earnings · reciprocal yield 11.8%

FCF yield

9.1%

TTM · current market cap

Return on invested capital

—

Trailing 12 months

Net cash

−$1.22B

Latest balance sheet

Dividend yield

—

Trailing 12 months

Shares change YoY

+2.0%

Year over year · more shares

Price change (1Y)

-10.4%

Trailing year

Short interest

0.4%

Latest settlement · 1.4 days to cover

View all 115 metrics

AI Brief

Q3 FY26 earnings call · Aug 6, 2026

Q3 FY26

TL;DR. Suburban Propane's third-quarter results were pressured by near-record warm April temperatures that reduced heat-related propane demand, with adjusted EBITDA of $18.0 million down from $27.0 million a year ago and adjusted net loss of $17.7 million versus $10.8 million. Management highlighted progress on its RNG platform, with two new facilities set to bring all three online entering fiscal 2027 and anticipated annual RNG injection of 750,000–800,000 MMBTUs, while reducing debt by more than $36 million in the quarter and maintaining a $0.325 per unit quarterly distribution.

Bullish

+ RNG platform expanding with new facilities, expected to add ~300,000 MMBTUs of annual injection.
+ RNG revenues benefited from higher environmental attribute prices, including a 31% YoY increase in California LCFS credit prices.
+ Reduced debt by more than $36 million in the quarter using excess cash flows and ATM proceeds.
+ Distribution coverage remained strong at 2.07x for the trailing 12 months ended June 2026, with quarterly distribution of $0.325 per unit maintained.

Bearish

− Adjusted EBITDA declined to $18.0 million from $27.0 million in the prior-year quarter.
− Adjusted net loss widened to $17.7 million ($0.27 per unit) from $10.8 million ($0.17 per unit) a year ago.
− Retail propane volumes fell 1.8% to 70.6 million gallons due to near-record warm April weather.
− Combined operating and G&A expenses rose 3.8% to $141.4 million, driven by higher payroll and fuel/vehicle maintenance costs.
− Excluding hedge mark-to-market, total gross margin decreased 2.4% versus prior year on lower volumes.

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice

Overall

Sell

SellHoldBuy

Technical Sell Momentum Very Weak Sentiment Bearish Fundamentals Strong Quant / Vol Very Low

Market backdrop VIX 15.3 · calm Equity put/call 0.58

Technical

price trend

Sell

50 / 200-day cross No cross

Price vs 200-day avg −12%

below

Price vs 50-day avg −5%

below

RSI (14) 42

neutral

MACD trend Negative

52-week position 7%

near low

Volume (OBV) Confirms

volume backs price

Momentum

relative strength

Very Weak

1-month return −5%

trailing

6-month return −15%

trailing

YTD return −10%

this year

Relative strength −27%

vs S&P · 6-mo

Sentiment

smart money

Bearish

Trend (MA cross) No cross

50d $17 › 200d $19 — 200d above 50d

Institutional flow Flat

0% holders QoQ · +17 funds added

Insider flow Distributing

Net -$71.3K over 90 days · 100% sells

Short interest Rising

0.43% of float · ▲ +10.6% MoM · 1.4 days cover

Volume signal Normal

Volume near normal

Institution breadth Steady

145 holders — mid 3-yr range

Squeeze score 41

elevated · 0–100

Fundamentals

Strong

Revenue growth +8%

Y/Y

EPS growth +42%

Y/Y

Free cash flow $114.3M

Balance sheet $1.2B

net debt

Quant / Vol

risk profile

Very Low

Volatility 21%

annualized · 1-yr

Max drawdown −21%

past year

ATR 1.9%

of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Technicals

trend & momentum for long-term holders Sell

3 · 4 · 0

50 / 200-day cross

No cross Neutral

Price vs 200-day avg

−12% Bearish

Price vs 50-day avg

−5% Neutral

RSI (14)

42 Neutral

MACD trend

Negative Bearish

52-week position

7% Bearish

Volume (OBV)

Confirms Neutral

Market signals — smart money & positioning

Bearish · 2 of 6

Trend (MA cross) No cross

50d $17 › 200d $19 — 200d above 50d

Institutional flow Flat

0% holders QoQ · +17 funds added

Insider flow Distributing

Net -$71.3K over 90 days · 100% sells

Short interest Rising

0.43% of float · ▲ +10.6% MoM · 1.4 days cover

Volume signal Normal

Volume near normal

Institution breadth Steady

145 holders — mid 3-yr range

Price context

position in its 52-week range

Range low $16 Now $17 · 7% Range high $21

vs 200-day avg -12% vs 50-day avg -5%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings

Metric	Latest	Period	YoY
Adjusted EBITDA non-GAAP	$18M	the third quarter of fiscal 2026 filing	—
GAAP → non-GAAP reconciliation GAAP EBITDA $18.18M -$704K Unrealized non-cash (gains) losses on changes in fair value of derivatives +$541K Equity in losses and impairment charges for investments in unconsolidated affiliates +$0K Pension settlement charge = Adjusted EBITDA $18.01M
Retail propane gallons sold	70.6M	third quarter of fiscal 2026	—
Retail propane gallons sold (Propane)	70.62M	Three Months Ended June 27, 2026 filing	—
Total gross margin non-GAAP	$160.3M	third quarter of fiscal 2026	—

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Utilities - Regulated Gas — same industry group

Open screener →

Company	Mkt cap	YTD	Rev growth Y/Y	P/E	Short % shares
SPH Suburban Propane Partners LP this stock	$1.11B	-10.1%	+7.9%	—	0.4%
ATO Atmos Energy Corp	$26.62B	-6.2%	+12.9%	18.8	2.6%
NI Nisource Inc.	$18.90B	-5.6%	+8.5%	21.0	3.1%
UGI Ugi Corp /Pa/	$7.83B	-0.6%	+1.1%	—	6.0%
SWX Southwest Gas Holdings, Inc.	$5.97B	+3.3%	+9.6%	10.9	3.1%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section

Ownership

Institutional Holders Accumulating

Holders

145

% held: 43.4%
Net QoQ: +70.6K sh
Top holder: ALPS ADVISORS INC

Held Float

View

Held by Funds

Fund positions

18

View

Short & Settlement

Short Interest Rising

Shares short

288.8K

Days to cover: 1.4d
Change: +27.6K sh

View

Short Volume

Short vol %

42%

As of: Oct 2, 2026

Short Total

View

Fails to Deliver

FTD shares

2.8K

Value: $47.9K
As of: Sep 14, 2026

View

Off-Exchange

Off-exchange %

42.4%

Week of: Aug 24, 2026

Off-exch Lit

View

Smart Money

Insider Trades Net selling

Net (90d)

-$71.3K

Buyers / Sellers: 0 / 2

Buyers Sellers

View

Congressional Trades Sell

Member

Mark Green

Amount: $250.0K–$500.0K
Traded: Dec 22, 2021

View

Financials

Revenue (FY)

$1.4B

Net income (FY): $106.6M
EPS diluted: $1.62

View

Filings

SEC Filings

Latest

8-K

Filed: Aug 6, 2026
This year: 12

View

Proposed Sales

Value

$21.0K

Shares: 1.3K
Filed: Sep 29, 2026

View

Earnings & Events

Webcasts

Last webcast

Aug 6, 2026

View

	5D	20D	120D	MTD	YTD
SPH	+0.3%	-4.9%	-15.2%	+1.4%	-10.1%
SPY	-0.2%	-0.5%	+12.2%	+0.9%	+12.9%
vs SPY	+0.5%	-4.4%	-27.4%	+0.5%	-23.0%

SPH · Suburban Propane Partners LP

Price & Indicators

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Metrics snapshot

AI Brief

Equibles Rating

Technicals

Key metrics

Versus peers

At a glance

Performance