What is the 13F Pro Quality Score for SPH?

13F Pro ranks SUBURBAN PROPANE PARTNERS LP (SPH) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View SPH's current score at https://13fpro.ai/company/SPH (free sign-up required for the full ranking).

Which hedge funds own the most SPH stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of SPH include ALPS ADVISORS, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd., GOLDMAN SACHS GROUP. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/SPH as soon as new 13F filings post.

Where does 13F Pro source SPH data?

All SUBURBAN PROPANE PARTNERS LP fundamentals and ownership data come directly from SEC EDGAR. SUBURBAN PROPANE PARTNERS LP files with the SEC under CIK 1005210. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is SPH in?

SUBURBAN PROPANE PARTNERS LP (SPH) is classified in the Consumer Discretionary sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/consumer-discretionary.

What drives SPH's revenue?

Per SUBURBAN PROPANE PARTNERS LP's latest 10-Q filed with the SEC on 2026-05-07, the biggest revenue drivers are: Propane ($817.5M, -4.4% YoY); Fuel oil and refined fuels ($50.5M, -1.0% YoY); Natural gas and electricity ($14.7M, -2.7% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/SPH.

What are SPH's largest expenses?

SUBURBAN PROPANE PARTNERS LP's latest 10-Q reports these as the largest expense items: Cost of products sold ($338.3M, -13.1% YoY); Operating expenses ($266.7M, +1.6% YoY); General and administrative expenses ($57.9M, +2.0% YoY). Sourced directly from SEC EDGAR filing text for Q2 FY2026 (six months ended March 28, 2026).

How often is SPH research updated on 13F Pro?

SPH's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

SUBURBAN PROPANE PARTNERS LP(SPH)Stock Analysis

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Consumer Discretionary →NYSEsmall

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SEC EDGAR: CIK 1005210 SPH stock profile & AI dashboard →

13F Pro Quality Score

50.5/100

Rank #1,597 of 2,962 stocks

View Consumer Discretionary peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

24.2/100

Profitability

66.5/100

Balance Sheet

73.7/100

Earnings Quality

42.0/100

Free Cash Flow

48.3/100

Institutional Flow

24.2/100

Revenue Scale

56.5/100

Dilution Risk

94.7/100

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Why SPH Scores 51/100

exact factor attribution · 2026-09-11

SPH's composite is driven by profitability and capital efficiency, held back by revenue growth and institutional flow. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Profitability

+2.5 pts

67th pct

Capital efficiency

+2.4 pts

74th pct

Shareholder dilution

+2.2 pts

95th pct

Scale

+1.0 pts

57th pct

Earnings growth

-0.1 pts

49th pct

Free cash flow

-0.3 pts

48th pct

Earnings quality

-0.8 pts

42th pct

Institutional flow

-1.3 pts

24th pct

Revenue growth

-5.2 pts

24th pct

Latest change (2026-08-06): 75 → 44 · ↓ Profit margin 85→34; ↓ Capital efficiency 91→33

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

Unusual Activity in SPH

Events flagged as statistical outliers against SPH's own multi-year baseline — not fixed dollar thresholds.

Score shock2026-08-06
SPH quality score dropped 30 points (75→44) on a new filing
View source filing →

SPH Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for SUBURBAN PROPANE PARTNERS LP (SPH), a Consumer Discretionary sector company. 13F Pro's AI-powered ranking engine scores SPH at 50.5/100 on a 32-signal composite quality model, placing it at rank #1,597 of 2,962 stocks — the bottom half of the AI-ranked universe. Areas of concern include revenue growth (24.2) and institutional flow (24.2), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), SUBURBAN PROPANE PARTNERS LP reports quarterly revenue of $261.4M, net income of $-17.5M, free cash flow of $49.5M. Top institutional holders of SPH by reported 13-F value include ALPS ADVISORS, MIRAE ASSET GLOBAL ETFS Ltd., GOLDMAN SACHS GROUP, based on the most recent SEC filings. SPH trades on the NYSE exchange and files with the SEC under CIK 1005210. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate SPH daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for SUBURBAN PROPANE PARTNERS LP directly from SEC EDGAR. SUBURBAN PROPANE PARTNERS LP's 13F Pro composite quality score has ranged between 43 and 72 since 2021, currently 50.5 — a stable long-term trajectory across 68 quarterly and live scoring snapshots.

✦

Fun facts about SUBURBAN PROPANE PARTNERS LP

Quirks, history, and lore behind SPH — the kind of stuff that makes a stock memorable.

1
The Basics
A U.S. energy distribution company structured as a master limited partnership, listed on the NYSE, and headquartered in New Jersey.
2
The Numbers
Serves roughly one million customers across more than 40 states, making it one of the larger retail propane distributors in the country.
3
The History
Traces its roots back to the 1920s and spent decades as a division of a larger utility before being spun off and going public as an MLP in the 1990s.
4
The Secret
As an MLP, it passes most of its cash straight to unitholders rather than paying corporate income tax — making its distribution yield a major draw for income investors.
5
The Lore
Its customers are disproportionately in rural areas where natural gas pipelines never reached — meaning the company essentially serves as the last-mile energy lifeline for off-grid homes and farms.
6
The Giveaway
Tanks in the backyard, trucks on country roads, and a ticker that literally spells out the fuel it delivers — this is America's suburban propane partner, in name and in fact.

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What's Driving SPH's Business? Latest 10-Q Breakdown

AI-extracted from SUBURBAN PROPANE PARTNERS LP's 10-Q filed 2026-05-07 — Q2 FY2026 (six months ended March 28, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Net income of $183.3M for six months ended March 28, 2026, up 17% YoY; Adjusted EBITDA of $258.7M, up 3.3% YoY, despite 4.1% revenue decline to $921.6M.

Biggest Revenue Drivers

Propane$817.5M-4.4% YoY

Lower average retail selling prices (-3.3%) partially offset by higher volumes sold (+1.5%); average propane prices (Mont Belvieu) decreased 18.9% YoY.

Fuel oil and refined fuels$50.5M-1.0% YoY

Volume decrease of 1.0% offset by flat average selling prices.

Biggest Revenue Drivers

Total revenue: $921.6M-4.1% YoY

Propane$817.5M-4.4% YoY

Lower average retail selling prices (-3.3%) partially offset by higher volumes sold (+1.5%); average propane prices (Mont Belvieu) decreased 18.9% YoY.

Fuel oil and refined fuels$50.5M-1.0% YoY

Volume decrease of 1.0% offset by flat average selling prices.

Natural gas and electricity$14.7M-2.7% YoY

Lower electricity usage primarily due to lower customer base.

All other$38.9M-1.2% YoY

Includes RNG platform and service business; lower tipping fees and services revenues.

Largest Expense Items

Cost of products sold$338.3M-13.1% YoY

Lower average wholesale costs (-18.9% propane, +13.6% fuel oil) and lower volumes; partially offset by mark-to-market adjustments on derivatives.

Operating expenses$266.7M+1.6% YoY

Higher payroll and benefit costs, volume-related variable costs, and self-insurance accruals; offset by $3.5M PTC benefit.

General and administrative expenses$57.9M+2.0% YoY

Higher variable compensation and IT modernization costs, partially offset by capitalized software implementation payroll.

Interest expense, net$39.5M-1.8% YoY

Lower average revolving credit borrowings and lower benchmark rates, offset by higher rate on refinanced senior notes.

Watch Items from the Filing

Consolidated Leverage Ratio improved to 4.34x from 4.54x YoY but remains elevated; total debt of $1,280.9M with maturities of $212.0M due fiscal 2029.
Transferable Tax Credits (PTCs) recognized $3.5M benefit in H1 FY2026 following Treasury guidance in February 2026; actual realization depends on final regulations and market transfer values.
New York energy regulations (GBL Section 349-d and PSC UBP amendments) require customer consent for price changes and utility rate comparisons; impact on AES natural gas/electricity business pending.
Impairment charges on renewable energy investments: Oberon fully impaired in Q1 FY2026; Independence Hydrogen written down to $21.6M in prior year; only RNG platform (Stanfield, Columbus) currently accretive.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$261.4M

Net Income

Q2 2026

$-17.5M

Free Cash Flow

Q2 2026

$49.5M

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+7.9% YoY

$1.43BFY 2025

FY22 $1.50BFY23 $1.43BFY24 $1.33BFY25 $1.43B

Net Income

+43.7% YoY

$106.6MFY 2025

FY22 $139.7MFY23 $123.8MFY24 $74.2MFY25 $106.6M

Operating Income

+20.5% YoY

$206.3MFY 2025

FY22 $206.3MFY23 $206.8MFY24 $171.3MFY25 $206.3M

EPS (Diluted)

+42.1% YoY

$1.62FY 2025

FY22 $2.18FY23 $1.92FY24 $1.14FY25 $1.62

Total Assets

+1.0% YoY

$2.30BFY 2025

FY22 $2.10BFY23 $2.27BFY24 $2.27BFY25 $2.30B

Total Debt

+0.1% YoY

$1.21BFY 2025

FY22 $1.08BFY23 $1.19BFY24 $1.21BFY25 $1.21B

Op. Cash Flow

+16.0% YoY

$186.3MFY 2025

FY22 $220.5MFY23 $225.2MFY24 $160.6MFY25 $186.3M

Free Cash Flow

+13.0% YoY

$114.3MFY 2025

FY22 $176.2MFY23 $180.3MFY24 $101.2MFY25 $114.3M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$1.43B +7.9%	$1.33B -7.1%	$1.43B -4.8%	$1.50B +16.5%	$1.29B +16.3%	$1.11B
Net Income	$106.6M +43.7%	$74.2M -40.1%	$123.8M -11.4%	$139.7M +13.8%	$122.8M +102.1%	$60.8M
Operating Income	$206.3M +20.5%	$171.3M -17.2%	$206.8M +0.3%	$206.3M -3.2%	$213.2M +52.0%	$140.3M
EPS (Diluted)	$1.62 +42.1%	$1.14 -40.6%	$1.92 -11.9%	$2.18 +12.4%	$1.94 +100.0%	$0.97
Total Assets	$2.30B +1.0%	$2.27B +0.1%	$2.27B +7.9%	$2.10B +2.5%	$2.05B +0.2%	$2.05B
Total Debt	$1.21B +0.1%	$1.21B +1.9%	$1.19B +10.3%	$1.08B -3.6%	$1.12B -7.6%	$1.21B
Operating Cash Flow	$186.3M +16.0%	$160.6M -28.7%	$225.2M +2.1%	$220.5M -2.7%	$226.6M +8.2%	$209.4M
Free Cash Flow	$114.3M +13.0%	$101.2M -43.9%	$180.3M +2.3%	$176.2M -10.4%	$196.7M +11.2%	$176.9M

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Available Research

13F Pro tracks comprehensive data for SUBURBAN PROPANE PARTNERS LP including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of SPH

ALPS ADVISORS INC
$251.7M14,720,155 sh
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.
$77.4M4,528,873 sh
GOLDMAN SACHS GROUP INC
$27.0M1,578,662 sh
JPMORGAN CHASE & CO
$25.0M1,431,306 sh
BOWEN HANES & CO INC
$20.0M1,016,000 sh
MORGAN STANLEY
$10.9M636,887 sh
UBS Group AG
$8.8M514,190 sh
Blackstone Inc.
$7.2M421,332 sh
JANE STREET GROUP, LLC
$4.6M269,539 sh
Fractal Investments LLC
$3.7M214,864 sh

Fund	Value	Shares
ALPS ADVISORS INC	$251.7M	14,720,155
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	$77.4M	4,528,873
GOLDMAN SACHS GROUP INC	$27.0M	1,578,662
JPMORGAN CHASE & CO	$25.0M	1,431,306
BOWEN HANES & CO INC	$20.0M	1,016,000
MORGAN STANLEY	$10.9M	636,887
UBS Group AG	$8.8M	514,190
Blackstone Inc.	$7.2M	421,332
JANE STREET GROUP, LLC	$4.6M	269,539
Fractal Investments LLC	$3.7M	214,864

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Is SPH a good stock to buy?

13F Pro's AI-powered analysis of SUBURBAN PROPANE PARTNERS LP (SPH) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Consumer Discretionary sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for SPH are available on the SPH stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. SPH is classified as a small company.

Which hedge funds own SPH?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling SPH. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of SUBURBAN PROPANE PARTNERS LP's investment landscape.