Suburban Propane Partners, L.P. (SPH) Income Statement Analysis

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Complete financial analysis of Suburban Propane Partners, L.P. (SPH) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Suburban Propane Partners, L.P., a leading company in the Regulated Gas industry within the Utilities sector.

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Suburban Propane Partners, L.P. (SPH)

Industry: Regulated Gas

Sector: Utilities

Website: https://www.suburbanpropane.com

About Suburban Propane Partners, L.P.

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.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991
Revenue	1.33B	1.43B	1.50B	1.29B	1.11B	1.27B	1.34B	1.19B	1.05B	1.42B	1.94B	1.70B	1.06B	1.19B	1.14B	1.14B	1.57B	1.44B	1.66B	1.62B	1.31B	771.68M	570.28M	839.61M	836.83M	544.30M	667.30M	771.10M	707.90M	633.60M	677.80M	481.00M	637.50M	667.20M
Cost of Revenue	999.05M	1.07B	712.12M	485.48M	382.95M	521.99M	592.63M	476.66M	361.95M	593.38M	1.08B	861.91M	897.83M	958.05M	888.02M	540.39M	1.35B	1.19B	1.43B	1.46B	779.03M	376.78M	523.20M	761.07M	700.20M	483.30M	529.30M	646.60M	581.10M	318.90M	330.50M	245.00M	313.50M	332.80M
Gross Profit	328.12M	361.01M	789.34M	803.28M	724.95M	745.72M	751.78M	711.23M	684.16M	823.60M	857.51M	841.70M	165.63M	232.50M	248.68M	602.77M	226.66M	251.29M	234.97M	156.75M	528.23M	394.90M	47.09M	78.54M	136.63M	61.00M	138.00M	124.50M	126.80M	314.70M	347.30M	236.00M	324.00M	334.40M
Gross Profit Ratio	24.72%	25.26%	52.57%	62.33%	65.43%	58.82%	55.92%	59.87%	65.40%	58.12%	44.24%	49.41%	15.57%	19.53%	21.88%	52.73%	14.40%	17.46%	14.14%	9.67%	40.41%	51.17%	8.26%	9.35%	16.33%	11.21%	20.68%	16.15%	17.91%	49.67%	51.24%	49.06%	50.82%	50.12%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	89.89M	91.57M	81.76M	74.10M	65.93M	71.03M	66.25M	57.34M	61.15M	68.30M	64.59M	64.85M	54.52M	51.65M	0.00	57.04M	48.13M	56.42M	63.56M	47.19M	53.89M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	27.80M	27.60M	21.30M	259.60M	241.40M
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	4.50M	2.00M	0.00	0.00	0.00	0.00	0.00	0.00	364.87M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	89.89M	91.57M	81.76M	74.10M	65.93M	71.03M	66.25M	57.34M	61.15M	68.30M	64.59M	64.85M	59.02M	53.65M	61.66M	57.04M	48.13M	56.42M	63.56M	47.19M	418.76M	287.36M	30.77M	32.51M	28.63M	29.40M	32.50M	32.60M	32.60M	27.80M	27.60M	21.30M	259.60M	241.40M
Other Expenses	0.00	62.58M	501.26M	515.95M	518.75M	523.83M	527.40M	538.60M	542.37M	577.55M	602.79M	599.88M	45.79M	35.63M	33.65M	335.11M	28.39M	28.79M	33.15M	37.76M	36.74M	27.52M	29.69M	38.50M	28.44M	34.90M	36.60M	37.30M	35.90M	231.40M	244.20M	185.00M	34.40M	35.20M
Operating Expenses	89.89M	154.16M	583.02M	590.04M	584.68M	594.86M	593.65M	595.94M	603.52M	645.84M	667.38M	664.73M	104.81M	89.28M	95.31M	392.15M	76.53M	85.21M	96.71M	84.95M	455.50M	314.88M	60.46M	71.01M	57.07M	64.30M	69.10M	69.90M	68.50M	259.20M	271.80M	206.30M	294.00M	276.60M
Cost & Expenses	1.09B	1.22B	1.30B	1.08B	967.63M	1.12B	1.19B	1.07B	965.47M	1.24B	1.75B	1.53B	1.00B	1.05B	983.33M	932.54M	1.42B	1.27B	1.52B	1.55B	1.23B	691.66M	583.66M	832.08M	757.27M	547.60M	598.40M	716.50M	649.60M	578.10M	602.30M	451.30M	607.50M	609.40M
Interest Income	0.00	0.00	60.66M	68.13M	74.73M	76.66M	0.00	0.00	0.00	0.00	0.00	0.00	10.00K	16.00K	61.00K	802.00K	2.79M	3.86M	630.00K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	74.59M	73.39M	60.66M	68.13M	74.73M	76.66M	77.38M	75.26M	75.09M	77.63M	83.26M	95.43M	38.64M	27.39M	27.46M	39.07M	39.84M	164.60M	132.18M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	66.98M	62.58M	58.85M	104.56M	116.79M	120.87M	125.22M	127.94M	129.62M	133.29M	136.40M	130.38M	45.79M	35.63M	30.83M	30.34M	28.39M	30.12M	34.71M	41.20M	39.34M	29.67M	30.68M	38.50M	38.77M	34.90M	36.60M	37.30M	35.90M	34.00M	34.40M	27.40M	-87.60M	100.00K
EBITDA	216.47M	260.40M	259.64M	296.59M	252.13M	267.02M	283.36M	241.66M	219.73M	295.98M	338.83M	305.22M	83.77M	178.86M	174.79M	237.14M	181.31M	197.25M	161.92M	107.80M	115.23M	109.69M	17.30M	46.03M	25.11M	31.57M	31.60M	21.70M	94.20M	89.50M	109.80M	57.10M	-57.60M	57.90M
EBITDA Ratio	16.31%	18.22%	17.29%	24.26%	22.77%	21.06%	21.08%	20.48%	20.10%	21.95%	16.85%	18.04%	10.03%	15.02%	16.21%	21.15%	11.52%	13.73%	10.78%	9.42%	8.80%	14.21%	-14.78%	-4.52%	3.00%	-4.59%	15.81%	12.81%	13.31%	14.13%	16.20%	11.87%	-9.04%	8.68%
Operating Income	171.25M	206.85M	206.33M	213.24M	140.27M	150.85M	153.31M	115.28M	90.41M	177.76M	190.13M	176.98M	42.90M	143.23M	153.37M	210.62M	150.13M	164.60M	132.18M	69.02M	69.78M	80.02M	-13.38M	7.53M	79.56M	-3.30M	68.90M	54.60M	58.30M	55.50M	75.50M	29.70M	30.00M	57.80M
Operating Income Ratio	12.90%	14.47%	13.74%	16.55%	12.66%	11.90%	11.40%	9.70%	8.64%	12.54%	9.81%	10.39%	4.03%	12.03%	13.49%	18.42%	9.54%	11.43%	7.96%	4.26%	5.34%	10.37%	-2.35%	0.90%	9.51%	-0.61%	10.33%	7.08%	8.24%	8.76%	11.14%	6.17%	4.71%	8.66%
Total Other Income/Expenses	-96.34M	-82.43M	-66.19M	-89.33M	-79.66M	-81.37M	-82.08M	-76.83M	-75.38M	-92.71M	-94.85M	-97.57M	-40.88M	-27.38M	-36.87M	-42.89M	-37.05M	-35.60M	-43.13M	-74.50M	-44.01M	-33.46M	67.61M	46.36M	52.43M	25.84M	0.00	29.40M	-17.10M	0.00	0.00	0.00	100.00K	100.00K
Income Before Tax	74.91M	124.42M	140.14M	123.90M	60.61M	69.49M	75.93M	38.45M	15.03M	85.05M	95.28M	79.41M	2.02M	115.85M	116.50M	167.72M	113.08M	129.00M	91.50M	-8.25M	28.95M	46.39M	54.23M	53.89M	38.77M	22.50M	0.00	13.80M	41.20M	55.50M	75.50M	29.70M	30.10M	57.90M
Income Before Tax Ratio	5.64%	8.71%	9.33%	9.61%	5.47%	5.48%	5.65%	3.24%	1.44%	6.00%	4.92%	4.66%	0.19%	9.73%	10.25%	14.67%	7.18%	8.96%	5.51%	-0.51%	2.21%	6.01%	9.51%	6.42%	4.63%	4.13%	0.00%	1.79%	5.82%	8.76%	11.14%	6.17%	4.72%	8.68%
Income Tax Expense	734.00K	668.00K	429.00K	1.11M	-146.00K	857.00K	-606.00K	459.00K	588.00K	700.00K	767.00K	607.00K	137.00K	884.00K	1.18M	2.49M	1.90M	5.65M	764.00K	803.00K	3.00K	202.00K	703.00K	375.00K	234.00K	100.00K	30.70M	200.00K	28.30M	25.30M	33.60M	12.80M	12.70M	24.30M
Net Income	74.17M	123.75M	139.71M	122.79M	60.76M	68.63M	76.53M	38.00M	14.44M	84.35M	94.51M	78.80M	1.88M	114.97M	115.32M	165.24M	154.88M	127.29M	90.74M	-8.08M	54.30M	48.67M	53.52M	53.51M	38.53M	22.40M	38.20M	13.60M	12.90M	30.20M	41.80M	16.90M	-70.30M	33.60M
Net Income Ratio	5.59%	8.66%	9.30%	9.53%	5.48%	5.41%	5.69%	3.20%	1.38%	5.95%	4.88%	4.63%	0.18%	9.66%	10.14%	14.45%	9.84%	8.84%	5.46%	-0.50%	4.15%	6.31%	9.39%	6.37%	4.60%	4.12%	5.72%	1.76%	1.82%	4.77%	6.17%	3.51%	-11.03%	5.04%
EPS	1.15	1.94	2.21	1.96	0.98	1.11	1.24	0.62	0.24	1.39	1.56	1.35	0.02	3.24	3.26	4.99	4.72	3.91	2.84	-0.38	0.84	1.87	2.12	2.14	1.70	0.83	1.30	0.46	0.92	1.05	1.46	0.59	-2.45	1.17
EPS Diluted	1.14	1.92	2.18	1.94	0.97	1.10	1.24	0.62	0.24	1.38	1.56	1.34	0.02	3.22	3.24	4.96	4.70	3.89	2.83	-0.26	0.84	1.86	2.12	2.14	1.70	0.83	1.30	0.46	0.92	1.05	1.46	0.59	-2.45	1.17
Weighted Avg Shares Out	64.31M	63.84M	63.21M	62.71M	62.30M	61.99M	61.56M	61.22M	60.96M	60.65M	60.48M	58.38M	38.85M	35.53M	35.37M	33.13M	32.78M	32.55M	30.31M	21.25M	29.38M	25.94M	24.63M	24.51M	22.67M	26.56M	29.34M	29.28M	21.83M	28.70M	28.70M	28.70M	28.70M	28.70M
Weighted Avg Shares Out (Dil)	64.84M	64.44M	64.02M	63.31M	62.73M	62.37M	61.85M	61.54M	61.18M	60.91M	60.75M	58.60M	38.99M	35.72M	35.61M	33.32M	32.95M	32.73M	30.45M	31.06M	30.51M	26.08M	24.67M	24.51M	22.67M	28.51M	29.34M	29.28M	21.83M	28.70M	28.70M	28.70M	28.70M	28.70M

Suburban Propane Partners, L.P. Announces Full Year and Fourth Quarter Results

November 10, 2022prnewswire.com

WHIPPANY, N.J. , Nov. 10, 2022 /PRNewswire/ -- Suburban Propane Partners, L.P.

Suburban Propane Collaborates with Joya to Provide Car Seat Safety Training and Participates in Spokane Trunk-or-Treat Event

October 31, 2022prnewswire.com

WHIPPANY, N.J. , Oct. 31, 2022 /PRNewswire/ -- Suburban Propane Partners, L.P.

Suburban Propane Collaborates with Forgotten Soldiers Outreach to Provide 200 "We Care" Packages for Deployed Troops

October 26, 2022prnewswire.com

WHIPPANY, N.J. , Oct. 26, 2022 /PRNewswire/ -- Suburban Propane Partners, L.P.

Suburban Propane Partners, L.P. to Hold Fiscal 2022 Full Year and Fourth Quarter Results Conference Call

October 19, 2022prnewswire.com

WHIPPANY, N.J. , Oct. 19, 2022 /PRNewswire/ -- Suburban Propane Partners, L.P.

Suburban Propane Volunteers Serve Breakfast to Residents at Veterans Place of Washington Boulevard in Pittsburgh

October 18, 2022prnewswire.com

WHIPPANY, N.J. , Oct. 18, 2022 /PRNewswire/ -- Suburban Propane Partners, L.P.

Suburban Propane Partners: What! No Distribution Growth?

October 13, 2022seekingalpha.com

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...