Suburban Propane Partners Performance degli utili passati
Criteri Il passato verificati 4/6
Gli utili di Suburban Propane Partners sono diminuiti a un tasso medio annuo di -4.3%, mentre il settore Gas Utilities ha visto gli utili crescere a un tasso medio annuo di 5.1%. I ricavi sono cresciuti crescere a un tasso medio annuo di 1.1%. Il ritorno sul capitale proprio di Suburban Propane Partners è 17.9% e ha margini netti di 9.6%.
Informazioni chiave
-4.29%
Tasso di crescita degli utili
-5.28%
Tasso di crescita dell'EPS
| Gas Utilities Crescita del settore | 10.04% |
| Tasso di crescita dei ricavi | 1.11% |
| Rendimento del capitale proprio | 17.93% |
| Margine netto | 9.57% |
| Ultimo aggiornamento sugli utili | 28 Mar 2026 |
Aggiornamenti sulle prestazioni recenti
Recent updates
Seeking Alpha • May 13
Suburban Propane: Be Wary Of This Melting Ice Cube
Summary Suburban Propane is rated 'Sell' due to secular decline and excess debt, despite recent outperformance and a secure 6.6% dividend yield. SPH's Q2 EBITDA was flat at $175 million, with strong H1 results driven by an unusually cold winter in the Northeast. Leverage remains elevated at 4.3x, with management prioritizing debt reduction over distribution growth for the next 18-24 months. SPH faces ongoing headwinds from improved home insulation, fuel substitution, and slow secular decline, warranting a fair value estimate of ~$17.50. Read the full article on Seeking AlphaSeeking Alpha • Nov 05
Suburban Propane: Attractive Distribution With Manageable Debt
Summary Suburban Propane is a partnership that specializes in the distribution of propane to fuel the heating needs of homes and businesses. Cash flows and revenues have a stable track record, suggesting solid coverage of the distribution. Leverage is pretty high yet well managed, with maturity not until 2027. Units are a buy with a price target of $25. Read the full article on Seeking Alpha
Nuova narrazione • Sep 15
Renewable Energy Ventures And Critical Acquisitions Set To Boost Growth And Margins
Strategic expansion into renewable energy and acquisition of small retail businesses are poised to diversify and grow revenue streams.Seeking Alpha • Feb 14
Suburban Propane's 40% Gain In 6 Months Needs Cautious Watching
Summary Suburban Propane has outperformed the S&P 500 in the past six months, gaining close to 40%. Institutional buying and a major ETF's purchase have contributed to the stock's appreciation. The company's pattern of performing well in January and selling off in February and March suggests waiting to see if the increase is sustained. Propane's cleaner energy footprint, as well as the company's investment in renewable natural gas, renewable propane, and other green energy companies, has attracted interest and contributed to the price increase. The MLP's distribution has been paid for 27 years, but not without cuts along the way that have made it more secure going forward. Read the full article on Seeking AlphaSeeking Alpha • Jan 26
Suburban Propane Partners Is Well-Positioned For Long-Run Accretive Growth
Summary Suburban Propane's valuation and financials are improved through geographic expansion. Leadership in the propane industry is strengthened as the company expands its reach. The company's growth in different regions contributes to its overall success and financial performance. Read the full article on Seeking AlphaSeeking Alpha • Nov 16
Suburban Propane: M&A Rumors Boost Stock Price, Maintain Hold
Summary Suburban Propane Partners' business fundamentals continue to be weak, with dil. EPS declining 12% YoY. The stock's recent surge could be due to unsubstantiated rumours of a potential M&A transaction with another large industry player. Without any concrete news on the M&A front and the potential for another warm winter, I remain cautious on Suburban and maintain my hold rating. Read the full article on Seeking AlphaSeeking Alpha • Sep 01
Suburban Propane: Downgrading To Hold On Softening Fundamentals
Summary Suburban Propane Partners' business fundamentals are deteriorating, with YTD's diluted EPS declining YoY due to poor expense management. The acquisition of RNG facilities has led to increased operating expenses and G&A expenses without a commensurate large increase in revenues. Although Suburban maintained its quarterly distribution of $0.325/unit, downside risks are rising. I am downgrading Suburban to a hold. Read the full article on Seeking AlphaSeeking Alpha • Jun 16
Suburban Propane Partners Is Facing A Challenging Macroeconomic Backdrop
Summary Suburban Propane Partners faces operational challenges due to tighter margins in the natural gas market and a high leverage ratio of 5.53x, potentially making it a value trap. The company is investing in renewable energy sources, which may yield value in FY24/25, but may face challenges in the meantime due to the decline in natural gas and propane prices. The author gives Suburban a price target of $8.69/unit, or 8x EV/EBITDA, considering the risks presented in the commodities market and the company's high leverage ratio. Read the full article on Seeking AlphaSeeking Alpha • Feb 14
Suburban Propane Partners: Steady Q1, Further Expansion Into RNG
Summary SPH delivered a strong start to fiscal 2023 with Q1/23 revenues of $397.5 million and $0.71 in EPS. Suburban also expanded in the RNG market by purchasing 2 existing plants for $190 million. Without associated financials, it is hard to judge the quality of the transaction. SPH maintained its quarterly distribution of $0.325. Overall, Suburban Propane Partners L.P. (SPH) continues to be a beacon of stability in a volatile macro environment. The underlying business continues to perform well, with 3.3% volume growth in Q1/2023 and $0.71 / share in EPS. Looking forward, the large price tags placed on RNG transactions gives me some pause, is management overpaying? Without any financial statements to analyze, it is hard to gauge the economics and valuations of SPH's RNG transactions. For now, I will give management the benefit of the doubt. Strong Start To Fiscal 2023 On February 3rd, Suburban announced its results for the 1st quarter of fiscal 2023, ended December 24, 2022. SPH's quarterly results were solid, with the company reporting revenues of $397.5 million, a 5.9% YoY increase from Q1/2022. Operating income was also strong, increasing 67.0% YoY to $62.3 million, and EPS was $0.71, a 108.8% YoY increase from $0.34. Customer base growth and cooler than average temperatures in December (which improved heating demand) were the primary drivers of the strong operating results, as retail propane volumes increased 3.3% YoY. Figure 1 - SPH Q1/2023 revenues (SPH Q1/2023 10Q report) SPH's bounce back in quarterly profits also helped assuage some investor concerns that were raised in the fourth quarter, when SPH reported a loss of $0.86 / share on the back of MTM losses on derivatives. As I wrote in my prior note, "The key is to track the unrealized MTM gains and losses over time and make sure they even out." It was comforting to see SPH report Q1 COGS of 46.0%, a 6.3% YoY improvement from 52.3% in Q1/2022, showing no residual effects from Q4's MTM hedging losses (Figure 2). Figure 2 - SPH Q1/2023 gross profits (SPH Q1/2023 10Q report) SPH's Q1/2023 gross margin of 54.0% is also consistent with the company's long-term gross margins of ~50% (Figure 3). Figure 3 - SPH historical gross margin (Author created with data from roic.ai) Operating Expenses Continue To Creep Higher One area that deserves monitoring is SPH's operating expenses line, which increased 9.4% YoY due to labour and vehicle fuel increases (Figure 4). As a percentage of revenues, operating expenses rose to 29.1% from 28.2% in Q1/2022, indicating the business had gotten less efficient. Figure 4 - SPH Q1/2023 operating expenses (SPH Q1/2023 10Q report) Further Expansion Into RNG A few months ago, I highlighted SPH's entry into the renewable natural gas ("RNG") market an agreement with Adirondack Farms to build and operate a biodigester to produce RNG. SPH followed up with an announcement on December 28, 2022 that the company was acquiring a platform of two producing RNG assets from Equilibrium Capital Group for $190 million. The purchase of $190 million includes a large-scale RNG production facility in Stanfield, Arizona, that is currently operating with manure rights from ~55,000 dairy cattle and an interconnect to an interstate pipeline. It also includes an operating facility in Columbus, Ohio, that is currently receiving a tipping fee from several large food and beverage companies for processing food wastes into fertilizer and biogas. in addition, the deal includes the right of first offer for a third RNG facility that is currently being developed by Equilibrium and a joint venture (70% SPH / 30% Equilibrium) to invest in future RNG projects. The large $190 million price tag was a bit of a surprise to me and shows SPH is committed to developing its RNG business. SPH is funding the transaction with $120 million in revolving credit and the assumption of $80 million in outstanding green bonds. RNG Refresher Renewable Natural Gas ("RNG"), for those not familiar, is pipeline quality natural gas that is made from the decomposition of bio materials such as landfills, livestock, and waste treatment plants. While there is certainly an element of hype surrounding RNG, its promise of greenhouse gas reduction with an ability to plug into existing natural gas infrastructure is alluring. Based on a 2018 presentation by SoCal Gas, the U.S. has enough biomass to produce ~1Tcf of RNG (Figure 5). So the potential is enormous.Seeking Alpha • Feb 04
Suburban Propane Partners: Turning Waste Into Future Distribution Growth
Summary Suburban Propane Partners surprised and disappointed unitholders back in late 2022 when they failed to provide any distribution growth. Thankfully, their cash flow performance remains favorable and recently enjoyed a strong start to their fiscal year 2023. More so, it is now clearer why they skipped on distribution growth as they have recently announced a sizable $190m acquisition. This sees them move into renewable natural gas, which I view as a good fit for their partnership, although the profitability remains to be proven. At least their financial position can absorb the cost, and thus, I believe that maintaining my buy rating is appropriate. Introduction Despite the once-strong distribution growth outlook for Suburban Propane Partners (SPH), back in late 2022, it was both surprising and disappointing to see no distribution growth, as my previous article expressed. Following their recently announced sizable Equilibrium acquisition, thankfully the reasoning is clearer with management electing to double down on building out their clean energy business segment via renewable natural gas, which sees the potential of turning waste into future distribution growth. Coverage Summary & Ratings Since many readers are likely short on time, the table below provides a brief summary and ratings for the primary criteria assessed. If interested, this Google Document provides information regarding my rating system and importantly, links to my library of equivalent analyses that share a comparable approach to enhance cross-investment comparability. Author Detailed Analysis Author When it comes to their operating cash flow, it once again continued its steady performance, if looking annually and thus disregarding its typical seasonality. Since their fiscal year 2022 ended after conducting my previous analysis, it can now be seen their operating cash flow landed at $220.5m and thus is very similar to their previous results of $226.6m and $209.4m during their fiscal years 2021 and 2020, respectively. Even though they ramped up their capital expenditure building out their clean energy business segment during their fiscal year 2022, they still generated $120.1m of free cash flow that provided strong coverage of 146.97% to their accompanying distribution payments of $81.7m. Author If viewing their cash flow performance on a quarterly basis, we can take a look into their most recent results for the first quarter of their fiscal year 2023. As for their reported results, their operating cash flow was barely visible at only $6.3m, although this is normal as one year prior, they saw a result of negative $13.3m. Upon removing their routine large working capital movements, their underlying results were much higher year-on-year with $62.4m versus $41.4m across these same two points in time, thereby seeing a strong start to their latest fiscal year. Whilst their cash flow performance is important to monitor, the big news is actually the building out their clean energy business segment that recently took its most notable move so far, being their Equilibrium acquisition. This sees the partnership spending $190m to acquire renewable natural gas assets, which are expected to be accretive to their financial performance starting from their fiscal year 2024. Renewable natural gas is produced from waste and importantly, it is interchangeable with traditional natural gas, as per the quote included below. "Renewable natural gas ((RNG)) is a pipeline-quality gas that is fully interchangeable with conventional natural gas and thus can be used in natural gas vehicles. RNG is essentially biogas (the gaseous product of the decomposition of organic matter) that has been processed to purity standards. Like conventional natural gas, RNG can be used as a transportation fuel in the form of compressed natural gas ((CNG)) or liquefied natural gas ((LNG))." -Alternative Fuels Data Center. In my eyes, this is a more suitable and lower-risk investment than their earlier hydrogen investments that were discussed within my previously linked article, mostly because natural gas already sees wide and extremely well-established demand. Since renewable natural gas is interchangeable but carries better environmental credentials, it lowers the risks versus hydrogen that is still more of an emerging fuel source and thus by extension, sees a less certain future. If this pans out as hoped, it stands to build upon their existing free cash flow, thereby effectively turning waste into future distribution growth once they complete this growth era. That said, until the results hit their financial statements in the coming years, unitholders will have to sit back and wait because the extent of its profitability remains to be proven. Author Since conducting the previous analysis, their subsequent two fiscal quarters saw their net debt broadly track sideways to $1.106b following the first quarter of their fiscal year 2023 versus its previous level of $1.072b following the third quarter of their fiscal year 2022. This is keeping in practice with the last couple of fiscal years but when looking ahead, the next report should see their net debt spike circa 17% as a result of their $190m Equilibrium acquisition. Author Due to the typical seasonality in their financial performance, there is no point in comparing their latest leverage ratios to those seen when conducting the previous analysis. More so, their full-year results paint an accurate picture and most recently, their fiscal year 2022 ended with a net debt-to-EBITDA of 4.05 and a net debt-to-operating cash flow of 4.87. Whilst these are in the high territory of between 3.51 and 5.00, they are certainly not crippling nor a reason for alarm given their reasonably stable and cash-generating propane business segment. When looking ahead, in the short-term their Equilibrium acquisition is likely to push these towards the very high territory as their net debt spikes higher, mainly their net debt-to-operating cash flow. If this scales higher around 17% in tandem, its latest full-year result of 4.87 would increase to 5.70 and thus cross the threshold of 5.01 the very high territory. Despite not being ideal, in the medium to long-term the additional earnings expected to flow from their fiscal year 2024 onwards should help revert this lower. That said, whether these are sufficient remains to be seen and thus, it is now becoming clearer why management previously elected to halt their distribution growth whilst they integrate this sizeable acquisition. Author Similar to their leverage, their debt serviceability is also affected by the seasonality in their financial performance, thereby rendering anything but full-year results useless. Thankfully, they have routinely sported sufficient interest coverage across both fiscal years 2021 and 2022 with the latter seeing results of 3.40 and 3.64 when compared against their EBIT and operating cash flow, respectively. Even though higher net debt will weigh on their interest coverage in the short-term, this means it should be manageable until the earnings begin flowing from their new renewable natural gas assets in 2024.Seeking Alpha • Jan 19
Suburban Propane Partners declares $0.325 dividend
Suburban Propane Partners (NYSE:SPH) declares $0.325/share quarterly dividend, in line with previous. Forward yield 8.28% Payable Feb. 7; for shareholders of record Jan. 31; ex-div Jan. 30. See SPH Dividend Scorecard, Yield Chart, & Dividend Growth.Seeking Alpha • Dec 28
Suburban Propane partners with Equilibrium Capital for $190M RNG assets deal
Suburban Propane (NYSE:SPH) said Wednesday its unit bought a platform of renewable natural gas assets from Equilibrium Capital for $190 million. The acquisition is expected to be accretive to Suburban's distributable cash flow in fiscal 2024. In addition to the purchase of two operational biogas facilities, the parties have formed a partnership for working on additional RNG projects. The parties have agreed to establish a development company to invest about $155.0 million of future RNG projects, of which Suburban Renewables will own about 70%, and Equilibrium will own the remainder.Seeking Alpha • Nov 10
Suburban Propane Partners GAAP EPS of -$0.86 misses by $0.41, revenue of $237.63M
Suburban Propane Partners press release (NYSE:SPH): Q4 GAAP EPS of -$0.86 misses by $0.41. Revenue of $237.63M (+14.1% Y/Y). Adjusted EBITDA for the fourth quarter of fiscal 2022 increased to $2.8 million, compared to $0.3 million in the fourth quarter of fiscal 2021. Retail propane gallons sold of 61.4 million gallons for the fourth quarter of fiscal 2022 decreased 1.5% compared to the prior year fourth quarter.Seeking Alpha • Oct 20
Suburban Propane Partners declares $0.325 dividend
Suburban Propane Partners (NYSE:SPH) declares $0.325/share quarterly dividend, in line with previous. Forward yield 7.97% Payable Nov. 8; for shareholders of record Nov. 1; ex-div Oct. 31. See SPH Dividend Scorecard, Yield Chart, & Dividend Growth.Seeking Alpha • Oct 13
Suburban Propane Partners: What! No Distribution Growth?
Summary Suburban Propane Partners started growing their distributions again during 2021 after having cut them amidst the turmoil of 2020. Thus far into their fiscal year 2022, their steady cash flow performance continued to generate ample free cash flow, even with their higher capital expenditure. Despite this otherwise positive backdrop, management did not increase their distributions with little explanation. Nor did they detail the continued costs to build out their clean energy business segment, which is now seemingly their focus. Since this lowers the appeal of their units, I now only believe that a buy rating is appropriate versus my previous strong buy rating. Introduction After cutting their distributions amidst the turmoil of 2020, Suburban Propane Partners (SPH) was seemingly entering a new age of distribution growth one year later with 2021 seeing a solid increase and plenty of scope for more to come, as my previous article highlighted. Since they are a steady partnership, their high distribution yield of 8.06% was effectively on autopilot during the subsequent twelve months and thus after this wait, it now seems timely to provide a refreshed analysis that disappointingly, leaves me thinking, what! No distribution growth? Executive Summary & Ratings Since many readers are likely short on time, the table below provides a very brief executive summary and ratings for the primary criteria that were assessed. This Google Document provides a list of all my equivalent ratings as well as more information regarding my rating system. The following section provides a detailed analysis for those readers who are wishing to dig deeper into their situation. Author *Instead of simply assessing distribution coverage through distributable cash flow, I prefer to utilize free cash flow since it provides the toughest criteria and also best captures the true impact upon their financial position. Detailed Analysis Author Following their resilient cash flow performance during the last two turbulent years, the first nine months of their fiscal year 2022 saw their operating cash flow land at $171.1m and thus down a slight 5.33% year-on-year versus the first nine of their fiscal year 2021 that saw a result of $180.8m. If removing the routine working capital builds arising as part of the typical seasonality in their financial performance, these two results would be $249.3m and $248.8m respectively, thereby unchanged year-on-year as their steady cash flow performance continues, unsurprisingly. Notwithstanding their working capital builds during the first nine months of their fiscal years, their underlying financial performance sees little to nothing attributable during the fourth quarter, as the bulk of the operating cash flow arises from these working capital builds reversing. Even after the first nine months of their fiscal year 2022 seeing their capital expenditure ramp up to $69.7m as they build out their clean energy business segment, they still generated $101.5m of free cash flow to provide strong distribution coverage of 165.65% to their payments of $61.3m. Normally this would be a dream for income investors given their prospects to balance growth investments whilst leaving room for distribution growth but alas, they have now declared the same quarterly distribution of $0.325 per unit for five consecutive quarters, thereby missing the mark for a once a year increase, as is normally the case for most companies and partnerships. When asked about the outlook for distribution growth earlier in the year, they were vague as they instead focused on building out their new clean energy business segment, as per the commentary from management included below. “I think what we've said all along is we obviously take a very hard look every quarter as to how to allocate capital. I think what we're excited about right now is the opportunities that we see in front of us with respect to deploying capital towards the build-out of our renewable platform. We have a number of exciting things that we're continuing to look at in continuing to support that effort and as well as propane opportunities…” Suburban Propane Partners Q2 2022 Conference Call. Sadly, their subsequent conference call for the third quarter of their fiscal year 2022 did not shed any light on their lack of distribution growth. Furthermore, it would have been helpful if they at least provide guidance regarding how much these clean energy investments are going to cost but unfortunately, we are left guessing. Whilst I am certainly not against the fundamental idea of growing their partnership into new areas that see stronger long-term demand, such as their hydrogen investment, it does not change the fact that their unitholders are somewhat left in the dark. Furthermore, unlike other fossil fuels along the lines of thermal coal, propane does not face nearly as big of a threat from the clean energy transition due to its end uses, as discussed within one of my earlier articles. Not to mention, following the now problematic global energy shortage, the threats to future propane demand seem even less severe than in prior years and thus makes their hesitation to grow their distributions even more perplexing. Furthermore, even without knowing the extent of their future clean energy investments, their distributions are still relatively low versus their operating cash flow at circa one-third on a full-year basis. Whilst free cash flow is a better lens across time, the comparison to operating cash flow can be useful to assess distributions during years of particularly large capital expenditure, as it helps gauge the stress their distribution payments place upon their partnership, which is obviously quite low in this situation. Author Thanks to the retained free cash flow provided by their continued steady cash flow performance, their net debt continues to trend lower, albeit at a rather slow pace. This now sees their net debt down to $1.072b, which is the lowest point in many years but conversely, only a modest 12.49% below its peak of $1.225b back at the end of 2019. Due to their lack of guidance for capital expenditure, going forwards it is difficult to assess where their net debt is heading but given their recent strong distribution coverage, it seems most likely to continue trending lower or if not, at least not increase significantly.Seeking Alpha • Sep 09
Suburban Propane team up with David's house to donate for families with children receiving treatment through Dartmouth Health Children's hospital
Suburban Propane Partners (NYSE:SPH) has collaborated with David's House, a nonprofit that strives to provide a place to stay, healthy meals, and support for families with children receiving treatment through Dartmouth Health Children's in Lebanon, New Hampshire. Suburban Propane's donation includes food and pantry items necessary to create snack packs for families to take with them as they visit their hospitalized children. Volunteers from local Suburban Propane customer service centers were on hand to build the snack packs, and assist the David's House staff in preparing gift bags for their upcoming 23rd annual fundraising golf tournament. The alliance is part of the company's SuburbanCares initiative which is dedicated to supporting community efforts across the United States.Seeking Alpha • Aug 06
Suburban Propane Partners: Steady Quarter; Thesis Intact
Suburban Propane Partners delivered a solid quarter despite volatile commodity prices. While propane prices increased 44% YoY, propane volumes sold only decreased 1.6%. Overall revenues and operating income increased. Suburban paid down $43 million in debt and maintained its $0.325 quarter distribution. A little while ago, I wrote an article on Suburban Propane Partners L.P. (SPH), commenting that it was an excellent place to ride out market volatility. I want to revisit the thesis, as the company recently released FYQ3/2022 results. Suburban delivered YoY growth in revenues and operating income, while paying down debt. Despite volatile commodity prices, gross margin dollars actually increased YoY. Most importantly, the company was able to pay down $43 million in debt and maintained its $0.325 quarterly distribution. I am comfortable sticking with my thesis that investors buy units of Suburban Propane to ride out market volatility. Decent Quarter Despite Volatile Commodity The quarterly results were quite uneventful, with Suburban reporting revenues of $300 million, 26% higher than the same quarter last year. Gross margin was 53%, lower than the 65% last year, although gross margin dollars went up to $159 million from 155 million. In the seasonally soft quarter, operating margin was 4.9%, a slight improvement from 3.3% in FYQ3/2021. YTD, operating margin is 19.3%, slightly less than 19.7% last year, but operating income increased 14.6% YoY. Adjusted EBITDA, as reported by the company, improved by 25.3% YoY to $29.2 million. Commenting on volumes and pricing, management noted that: Retail propane gallons sold in the third quarter of fiscal 2022 of 75.5 million gallons decreased 1.6% compared to the prior year, primarily due to the adverse impact of historically high commodity prices on customer buying habits and demand, partially offset by cooler spring temperatures that contributed to higher heat-related demand in certain markets. However, average propane prices increased 44% YoY, more than offsetting the decrease in volumes. It was comforting to see that despite a surge in pricing YoY, volume was only modestly down. Moreover, gross margin $ was maintained, which shows management's ability to manage through volatile commodity prices. Debt Repayment Brings Down Leverage One of the key risks I highlighted in my previous article was Suburban's significant leverage, with $1.1 billion in long-term debt. To management's credit, they seem to be actively reducing debt, having repaid $43 million in the third quarter. As a result of debt repayment and increased EBITDA, Suburban's Consolidated Leverage Ratio ("CLR") ended the quarter at 3.64x, a significant improvement from 3.87x last quarter. Note the key covenant for Suburban is CLR < 5.75x, so it appears well covered at the moment. Dividend maintained Suburban also maintained its quarterly distribution at $0.325 per unit, or annualized $1.30. With fiscal YTD CFO of $171 million or $2.70 per unit, this distribution appears well covered as well. Note however, YTD CFO decreased 5.4% YoY, so this is worth monitoring. More Details On Strategic Opportunities Finally, Suburban provided some commentary around the nascent renewable energy platform in the commentary and on the earnings call. In May, we announced a collaboration agreement with Iwatani Corporation of America, a wholly owned subsidiary of Iwatani Corporation to [indiscernible] largest distributor of propane and an only fully integrated supplier of hydrogen. We will work together to help accelerate the adoption of propane plus RDMA, both here in the U.S. and in Japan and to explore opportunities to advance investments in the hydrogen infrastructure in the United States. In June, we announced a new investment through our suburban renewables platform with an agreement reached with [AderonDac Farms, a family-owned dairy farm in upstate New York to construct, own and operate an [indiscernible] digester system for the production of renewable natural gas from dairy cow manure. These strategic initiatives are on the heels of our $30 million investment for a 25% equity stake in Independence hydrogen, which was announced at the end of the second quarter. Independent hydrogen continues to make great strides in executing on their business toward the build-out of a hydrogen ecosystem.Ripartizione dei ricavi e delle spese
Ripartizione dei ricavi e delle spese
Come Suburban Propane Partners guadagna e spende denaro. In base agli ultimi utili dichiarati, su base LTM.
Storico di utili e ricavi
| Data | Ricavi | Utili | Spese G+A | Spese di R&S |
|---|---|---|---|---|
| 28 Mar 26 | 1,393 | 133 | 98 | 0 |
| 27 Dec 25 | 1,430 | 133 | 98 | 0 |
| 27 Sep 25 | 1,433 | 107 | 97 | 0 |
| 28 Jun 25 | 1,430 | 97 | 92 | 0 |
| 29 Mar 25 | 1,424 | 95 | 97 | 0 |
| 28 Dec 24 | 1,335 | 69 | 93 | 0 |
| 28 Sep 24 | 1,327 | 74 | 92 | 0 |
| 29 Jun 24 | 1,345 | 98 | 94 | 0 |
| 30 Mar 24 | 1,369 | 110 | 94 | 0 |
| 30 Dec 23 | 1,398 | 103 | 89 | 0 |
| 30 Sep 23 | 1,429 | 124 | 94 | 0 |
| 24 Jun 23 | 1,440 | 90 | 82 | 0 |
| 25 Mar 23 | 1,462 | 93 | 83 | 0 |
| 24 Dec 22 | 1,524 | 164 | 85 | 0 |
| 24 Sep 22 | 1,501 | 140 | 82 | 0 |
| 25 Jun 22 | 1,472 | 177 | 80 | 0 |
| 26 Mar 22 | 1,410 | 154 | 76 | 0 |
| 25 Dec 21 | 1,359 | 106 | 75 | 0 |
| 25 Sep 21 | 1,289 | 123 | 74 | 0 |
| 26 Jun 21 | 1,247 | 98 | 73 | 0 |
| 27 Mar 21 | 1,215 | 108 | 74 | 0 |
| 26 Dec 20 | 1,079 | 59 | 65 | 0 |
| 26 Sep 20 | 1,108 | 61 | 66 | 0 |
| 27 Jun 20 | 1,114 | 51 | 66 | 0 |
| 28 Mar 20 | 1,121 | 37 | 65 | 0 |
| 28 Dec 19 | 1,224 | 81 | 74 | 0 |
| 28 Sep 19 | 1,268 | 69 | 71 | 0 |
| 29 Jun 19 | 1,289 | 69 | 75 | 0 |
| 30 Mar 19 | 1,316 | 81 | 70 | 0 |
| 29 Dec 18 | 1,348 | 67 | 66 | 0 |
| 29 Sep 18 | 1,344 | 77 | 66 | 0 |
| 30 Jun 18 | 1,349 | 77 | 67 | 0 |
| 31 Mar 18 | 1,330 | 64 | 67 | 0 |
| 30 Dec 17 | 1,244 | 41 | 60 | 0 |
| 30 Sep 17 | 1,188 | 38 | 63 | 0 |
| 24 Jun 17 | 1,152 | 28 | 56 | 0 |
| 25 Mar 17 | 1,134 | 28 | 58 | 0 |
| 24 Dec 16 | 1,088 | 37 | 61 | 0 |
| 24 Sep 16 | 1,046 | 14 | 61 | 0 |
| 25 Jun 16 | 1,059 | 8 | 58 | 0 |
| 26 Mar 16 | 1,075 | -4 | 58 | 0 |
| 26 Dec 15 | 1,270 | 41 | 63 | 0 |
| 26 Sep 15 | 1,417 | 84 | 66 | 0 |
| 27 Jun 15 | 1,484 | 97 | 66 | 0 |
Guadagni di qualità: SPH ha guadagni di alta qualità.
Margine di profitto in crescita: Gli attuali margini di profitto netti di SPH (9.6%) SPH sono più alti rispetto allo scorso anno (6.6%).
Flusso di cassa libero e analisi degli utili
Analisi della crescita degli utili nel passato
Andamento degli utili: Gli utili di SPH sono diminuiti del 4.3% all'anno negli ultimi 5 anni.
Accelerare la crescita: La crescita degli utili di SPH nell'ultimo anno ( 41.1% ) supera la media quinquennale ( -4.3% all'anno).
Guadagni vs Settore: La crescita degli utili SPH nell'ultimo anno ( 41.1% ) ha superato la percentuale del settore Gas Utilities 19.4%.
Rendimento del capitale proprio
ROE elevato: Il Return on Equity ( 17.9% ) di SPH è considerato basso.
Rendimento delle attività
Rendimento del capitale investito
Scoprire le aziende con forti performance passate
Analisi aziendale e situazione dei dati finanziari
| Dati | Ultimo aggiornamento (ora UTC) |
|---|---|
| Analisi dell'azienda | 2026/05/20 18:17 |
| Prezzo dell'azione a fine giornata | 2026/05/20 00:00 |
| Utili | 2026/03/28 |
| Utili annuali | 2025/09/27 |
Fonti dei dati
I dati utilizzati nella nostra analisi aziendale provengono da S&P Global Market Intelligence LLC. I seguenti dati sono utilizzati nel nostro modello di analisi per generare questo report. I dati sono normalizzati, il che può comportare un ritardo nella disponibilità della fonte.
| Pacchetto | Dati | Tempistica | Esempio Fonte USA * |
|---|---|---|---|
| Dati finanziari della società | 10 anni |
| |
| Stime di consenso degli analisti | +3 anni |
|
|
| Prezzi di mercato | 30 anni |
| |
| Proprietà | 10 anni |
| |
| Gestione | 10 anni |
| |
| Sviluppi principali | 10 anni |
|
* Esempio per i titoli statunitensi, per i titoli non statunitensi si utilizzano forme e fonti normative equivalenti.
Se non specificato, tutti i dati finanziari si basano su un periodo annuale ma vengono aggiornati trimestralmente. Si tratta dei cosiddetti dati TTM (Trailing Twelve Month) o LTM (Last Twelve Month). Per saperne di più.
Modello di analisi e Snowflake
I dettagli del modello di analisi utilizzato per generare questo report sono disponibili sulla nostra pagina Github; abbiamo anche guide su come utilizzare i nostri report e tutorial su Youtube.
Scoprite il team di livello mondiale che ha progettato e realizzato il modello di analisi Simply Wall St.
Metriche di settore e industriali
Le nostre metriche di settore e di sezione sono calcolate ogni 6 ore da Simply Wall St; i dettagli del nostro processo sono disponibili su Github.
Fonti analitiche
Suburban Propane Partners, L.P. è coperta da 12 analisti. 1 di questi analisti ha fornito le stime di fatturato o di utile utilizzate come input per il nostro report. Le stime degli analisti vengono aggiornate nel corso della giornata.
| Analista | Istituzione |
|---|---|
| null null | Argus Research Company |
| Richard Gross | Barclays |
| Michael Gyure | Brean Capital Historical (Janney Montgomery) |