Suburban Propane Partners Stock Price, News & Analysis

Suburban Propane Partners (NYSE:SPH) priced a private offering of $350,000,000 aggregate principal amount of 6.500% senior notes due 2035, expected to close on December 22, 2025. Interest is semi-annual on June 15 and December 15, commencing June 15, 2026. Suburban Energy Finance Corp. is a co-issuer. Net proceeds, together with revolver borrowings, will be used to redeem all outstanding $350,000,000 of 5.875% senior notes due 2027. The notes were sold in a Rule 144A/Reg S private placement and are not registered under the Securities Act.

Suburban Propane Partners (NYSE: SPH) announced a proposed private placement of $350,000,000 aggregate principal amount of senior notes due 2035, to be co-issued by Suburban Energy Finance Corp. The company intends to use net proceeds, together with borrowings under its revolving credit facility, to redeem all outstanding $350,000,000 aggregate principal amount of its 5.875% senior notes due 2027. The 2035 Senior Notes would be offered under Rule 144A and Regulation S and are not registered under the Securities Act. There is no assurance the offering will be consummated.

Suburban Propane (NYSE: SPH) announced results from its 2025 SuburbanCares community initiative on December 2, 2025. The company reported engagement of over 150 employee volunteers who contributed approximately 600 volunteer hours across 20 communities, including Tallahassee, FL; Twin Falls, ID; Silver City, NM; Nicholasville, KY; Fresno, CA; Bennington, VT; and Harrisburg East, PA.

Activities included a national partnership with the American Red Cross, local sponsorships, food distribution, neighborhood revitalization, educational programs, veteran support, and employee-selected nonprofit partnerships such as Second Harvest of the Big Bend and the Carnegie Center for Literacy and Learning. The company said it will continue to expand SuburbanCares nationwide.

Suburban Propane Partners (NYSE:SPH) filed its Annual Report on Form 10-K for the fiscal year ended September 27, 2025 with the SEC. The fiscal 2025 Form 10-K is available on the partnership's website at www.suburbanpropane.com.

Unitholders and noteholders may request a free hard copy of the Form 10-K by writing to Investor Relations at P.O. Box 206, Whippany, New Jersey 07981-0206. Suburban Propane is a nationwide distributor of propane, renewable propane, renewable natural gas, fuel oil and related services, serving about 1 million customers through approximately 750 locations across 42 states.

Suburban Propane Partners (NYSE:SPH) reported fiscal 2025 results for the year ended September 27, 2025. Net income rose to $106.6M ($1.64/unit) from $74.2M ($1.15/unit) a year earlier. Adjusted EBITDA increased 11.2% to $278.0M. Retail propane gallons sold were 400.5M gallons, up 5.9% year-over-year. The company completed acquisitions totaling about $53.0M in the year and announced subsequent California acquisitions of $24.0M. The partnership raised $23.5M via an ATM program and improved its Consolidated Leverage Ratio to 4.29x. Fiscal Q4 reported a seasonal net loss of $35.1M and Adjusted EBITDA of $0.7M.

Suburban Propane Partners (NYSE: SPH) declared a quarterly distribution of $0.325 per Common Unit for the three months ended September 27, 2025, equal to an annualized rate of $1.30 per Common Unit. The distribution is payable November 11, 2025 to unitholders of record as of November 4, 2025.

The company notifies brokers under Treasury Regulation Section 1.1446-4(b) that 100% of distributions to foreign investors are effectively connected with a U.S. trade or business and are subject to federal income tax withholding at the highest applicable rate. The announcement states 100% of the distribution is in excess of cumulative net income.

Suburban Propane Partners (NYSE: SPH) will hold its Fiscal 2025 Full Year and Fourth Quarter Results Conference Call on Thursday, November 13, 2025 at 9:00 AM ET. Management will discuss Fiscal 2025 full year and fourth quarter results and business outlook.

Investors and analysts can access the live call via the internet at www.suburbanpropane.com or by phone at (888) 880-3330. A replay will be available from 12:00 PM ET on November 13, 2025 until 11:55 PM ET on November 20, 2025 by dialing (800) 770-2030 with access code 4445275#, and the replay will also be posted on Suburban Propane's website until the next quarter's replay is posted.

Suburban Propane (NYSE: SPH) partnered with Girl Scouts of Northern New Jersey and Women in Trucking to host "Trucks are for Girls: Fueling the Future" on October 17, 2025 at Suburban Propane's headquarters in Whippany, New Jersey.

The interactive event featured hands-on breakout sessions in science, innovation, and entrepreneurship, a behind-the-scenes look at operations, a propane delivery truck tour, a driving simulator in the WITney trailer, career chats with women leaders, and cause-driven cookie campaign workshops. Participants received Suburban Propane and WIT patches. The activity is part of SuburbanCares, Suburban Propane's national outreach across a 42-state footprint serving ~1 million customers through ~700 locations.

Suburban Propane (NYSE: SPH) announced that President & CEO Michael A. Stivala received two leadership honors on Oct. 16, 2025: a 2025 NJBIZ Executive Excellence Award and Gold-level Executive Achievement of the Year in the 2025 GLOBEE Awards. Stivala has led Suburban Propane for more than ten years and over two decades with the company.

Under his leadership the company expanded its renewable initiatives including Suburban Renewables, completed strategic acquisitions, secured a multi-year NASCAR partnership, operates ~700 locations across 42 states, and serves about 1 million customers while advancing community programs through SuburbanCares.