Suburban Propane Partners, L.P.: Business Overview, Financials & Competitive Analysis
Suburban Propane Partners, L.P. scores 7/10 on the AskCyborg Cyborg Score (Strong). Strong recent profitability and renewable energy expansion offset by elevated leverage and limited earnings visibility. Q1 FY2026 net income of $45.8M ($0.69/unit) versus $19.4M ($0.30) year-ago and Adjusted EBITDA of $83.4M, up 10.8% year-over-year. Trailing twelve month earnings grew 92.1% year-on-year with a 9.3% net margin compared to.
What is Suburban Propane Partners, L.P.'s industry? Suburban Propane Partners, L.P. (suburbanpropane.com) operates in Energy Distribution & Propane Retail. AskCyborg classifies Suburban Propane Partners, L.P. under Energy Distribution & Propane Retail in its company registry.
Suburban Propane Partners distributes propane, renewable propane, RNG, fuel oil, and markets natural gas and electricity to about 1 million customers from roughly 750 locations in 42 states. The company is a master li...
Cyborg Score thesis
Strong recent profitability and renewable energy expansion offset by elevated leverage and limited earnings...
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Get Current Report FreeSuburban Propane Partners, L.P. Overview
Pro stress-test →Suburban Propane Partners distributes propane, renewable propane, RNG, fuel oil, and markets natural gas and electricity to about 1 million customers from roughly 750 locations in 42 states. The company is a master limited partnership focused on traditional propane distribution with strategic expansion into renewable energy products, positioning itself to capture both legacy fuel demand and emerging clean energy opportunities.
Strategic Profile
Pro stress-test →The newly created SVP role centralizes strategy and operations for Suburban Renewable Energy, LLC, with operations including three owned anaerobic digester facilities producing renewable natural gas in Arizona, Ohio, and New York, plus investments in renewable fuels. Management is advancing long-term strategic growth plans with acquisitions in core markets, capital projects to grow RNG production, and maintaining balance sheet strength and flexibility.
Competitive Landscape
Pro stress-test →Suburban Propane operates in the competitive propane distribution market against regional and national providers. Market capitalization of approximately $1.233B positions it as a mid-sized player. Key competitive advantages include scale (1M+ customers across 750+ locations), renewable energy investments differentiating from pure-play propane competitors, and strategic coastal/regional market presence. The energy transition creates both risk (propane demand headwinds) and opportunity (renewable fuel expansion).
Industry Context
Suburban Propane Partners, L.P. operates in Energy Distribution & Propane Retail.
Key facts
Headquarters: Whippany, US · Revenue: $1.432B · Market cap: $1.233B