Suburban Propane Partners Management
Management criteria checks 4/4
Suburban Propane Partners' CEO is Mike Stivala, appointed in Apr 2014, has a tenure of 10.75 years. total yearly compensation is $4.04M, comprised of 22.6% salary and 77.4% bonuses, including company stock and options. directly owns 0.33% of the company’s shares, worth $3.77M. The average tenure of the management team and the board of directors is 7.8 years and 9.1 years respectively.
Key information
Mike Stivala
Chief executive officer
US$4.0m
Total compensation
| CEO salary percentage | 22.6% |
| CEO tenure | 10.8yrs |
| CEO ownership | 0.3% |
| Management average tenure | 7.8yrs |
| Board average tenure | 9.1yrs |
Recent management updates
Recent updates
Suburban Propane: Attractive Distribution With Manageable Debt
Nov 05Suburban Propane's 40% Gain In 6 Months Needs Cautious Watching
Feb 14Suburban Propane Partners Is Well-Positioned For Long-Run Accretive Growth
Jan 26Suburban Propane: M&A Rumors Boost Stock Price, Maintain Hold
Nov 16Suburban Propane: Downgrading To Hold On Softening Fundamentals
Sep 01Suburban Propane Partners Is Facing A Challenging Macroeconomic Backdrop
Jun 16Suburban Propane Partners: Steady Q1, Further Expansion Into RNG
Feb 14Suburban Propane Partners: Turning Waste Into Future Distribution Growth
Feb 04Suburban Propane Partners declares $0.325 dividend
Jan 19Suburban Propane partners with Equilibrium Capital for $190M RNG assets deal
Dec 28Suburban Propane Partners GAAP EPS of -$0.86 misses by $0.41, revenue of $237.63M
Nov 10Suburban Propane Partners declares $0.325 dividend
Oct 20Suburban Propane Partners: What! No Distribution Growth?
Oct 13Suburban Propane team up with David's house to donate for families with children receiving treatment through Dartmouth Health Children's hospital
Sep 09Suburban Propane Partners: Steady Quarter; Thesis Intact
Aug 06Suburban Propane Partners goes ex-dividend tomorrow
Jul 29Suburban Propane Partners: Resilient To Inflation And A Potential Recession
Jun 27Suburban Propane Partners: Buy These Undervalued Units Trading At An 8.7% Yield
Mar 24Suburban Propane Partners, L.P.: Old School Value
Feb 11The 9.2% Distribution Yield Of Suburban Propane Partners Is Attractive
Dec 27Suburban Propane Partners: A 10%+ Yield Ahead In The New Age Of Distribution Growth
Sep 06Suburban Propane Partners: The Forgotten MLP That's Over 50% Undervalued
Jun 28Suburban Propane Partners prices private offering of senior notes
May 10Suburban Propane Partners EPS beats by $0.28, beats on revenue
May 06Suburban Propane Partners EPS beats by $0.05, misses on revenue
Feb 04CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 28 2024 | US$4m | US$910k | US$74m |
| Jun 29 2024 | n/a | n/a | US$98m |
| Mar 30 2024 | n/a | n/a | US$110m |
| Dec 30 2023 | n/a | n/a | US$103m |
| Sep 30 2023 | US$4m | US$820k | US$124m |
| Jun 24 2023 | n/a | n/a | US$90m |
| Mar 25 2023 | n/a | n/a | US$93m |
| Dec 24 2022 | n/a | n/a | US$164m |
| Sep 24 2022 | US$4m | US$820k | US$140m |
| Jun 25 2022 | n/a | n/a | US$177m |
| Mar 26 2022 | n/a | n/a | US$154m |
| Dec 25 2021 | n/a | n/a | US$106m |
| Sep 25 2021 | US$3m | US$600k | US$123m |
| Jun 26 2021 | n/a | n/a | US$98m |
| Mar 27 2021 | n/a | n/a | US$108m |
| Dec 26 2020 | n/a | n/a | US$59m |
| Sep 26 2020 | US$3m | US$600k | US$61m |
| Jun 27 2020 | n/a | n/a | US$51m |
| Mar 28 2020 | n/a | n/a | US$37m |
| Dec 28 2019 | n/a | n/a | US$81m |
| Sep 28 2019 | US$3m | US$550k | US$69m |
| Jun 29 2019 | n/a | n/a | US$69m |
| Mar 30 2019 | n/a | n/a | US$81m |
| Dec 29 2018 | n/a | n/a | US$67m |
| Sep 29 2018 | US$2m | US$550k | US$77m |
Compensation vs Market: Mike's total compensation ($USD4.04M) is about average for companies of similar size in the US market ($USD3.22M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
CEO
Mike Stivala (55 yo)
10.8yrs
Tenure
US$4,035,402
Compensation
Mr. Michael A. Stivala, also known as Mike, has been the President of Suburban Propane Partners, L.P. since April 1, 2014 and has been its Chief Executive Officer since September 28, 2014. Mr. Stivala serv...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 10.8yrs | US$4.04m | 0.33% $ 3.8m | |
| Chief Financial Officer | 10.3yrs | US$2.18m | 0.21% $ 2.4m | |
| Senior Vice President of Product Supply | 10.8yrs | US$2.07m | 0.25% $ 2.9m | |
| Senior Vice President of Information Services | 10.8yrs | US$1.84m | 0.19% $ 2.2m | |
| Chief Operating Officer | no data | no data | 0.041% $ 473.9k | |
| Chief Accounting Officer | 10.8yrs | no data | 0.11% $ 1.3m | |
| VP, General Counsel & Secretary | 5.3yrs | no data | 0.14% $ 1.6m | |
| Vice President of Marketing & Brand Strategy | 3.2yrs | no data | 0.093% $ 1.1m | |
| Vice President of Human Resources | 4.2yrs | no data | 0.15% $ 1.7m | |
| VP & Treasurer | 22.2yrs | no data | 0.12% $ 1.4m | |
| Vice President of Area Operations | 1.3yrs | no data | 0.054% $ 627.0k | |
| Vice President of Area Operations | 1.3yrs | no data | 0.057% $ 655.3k |
7.8yrs
Average Tenure
53yo
Average Age
Experienced Management: SPH's management team is seasoned and experienced (7.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 10.2yrs | US$4.04m | 0.33% $ 3.8m | |
| Independent Supervisor | 28.8yrs | US$95.00k | 0.057% $ 661.5k | |
| Independent Supervisor | 8yrs | US$95.00k | 0.095% $ 1.1m | |
| Independent Chairman of the Board of Supervisors | 12.2yrs | US$135.00k | 0.11% $ 1.3m | |
| Independent Supervisor | 17.8yrs | US$110.00k | 0.057% $ 657.8k | |
| Independent Supervisor | 8yrs | US$115.00k | 0.096% $ 1.1m | |
| Independent Supervisor | 1.7yrs | US$95.00k | 0.013% $ 154.9k | |
| Independent Supervisor | 1.7yrs | US$95.00k | 0.013% $ 154.9k |
9.1yrs
Average Tenure
63.5yo
Average Age
Experienced Board: SPH's board of directors are considered experienced (9.1 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/10 19:16 |
| End of Day Share Price | 2025/01/08 00:00 |
| Earnings | 2024/09/28 |
| Annual Earnings | 2024/09/28 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Suburban Propane Partners, L.P. is covered by 14 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | Argus Research Company |
| Richard Gross | Barclays |
| John Tysseland | Citigroup Inc |