Suburban Propane Partners, L.P.

Suburban Propane Partners, L.P.

SPHยทNYSE

$19.42

+2.2%
UtilitiesRegulated Gas

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.

At a Glance

Live Snapshot
Market Cap$1.29B
EPS1.6400
P/E Ratio11.84
Earnings Date08/06/2026
Suburban Propane Partners, L.P.

Suburban Propane Partners, L.P. Fair Value Envelope

SPH ยท NYSE

Our analysis suggests that SPH has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $19.42, this represents a potential HIDDEN relative to our calculated worth for Suburban Propane Partners, L.P..

Intrinsic Value
Current Price: $19.42

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$6.8B
+ Cash & Equivalents$3.7M
Firm Value$6.8B
- Debt$1.3B
Equity Value$5.5B
/ Shares Outstanding65,473,322B
DCF Value$84
UNDERVALUED BY 331%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$210.5M
$237.8M
$268.7M
$303.6M
$343.0M
$387.6M
$437.9M
$494.8M
$559.1M
$631.7M
Maintenance CapEx
-$16.3M
-$18.4M
-$20.8M
-$23.5M
-$26.5M
-$29.9M
-$33.8M
-$38.2M
-$43.2M
-$48.8M
Owner Earnings
$194.2M
$219.4M
$247.9M
$280.1M
$316.5M
$357.6M
$404.1M
$456.6M
$515.9M
$582.9M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$179.8M
$188.1M
$196.8M
$205.9M
$215.4M
$225.4M
$235.8M
$246.7M
$258.1M
$270.0M
Terminal Value represents 67.4% of Enterprise Value