Suburban Propane Announces $350M Senior Notes Offering

Suburban Propane ( (SPH) ) just unveiled an update.

On December 8, 2025, Suburban Propane Partners, L.P. announced its intention to offer $350 million in senior notes due 2035 through a private placement, subject to market conditions. The proceeds, along with borrowings from its revolving credit facility, are intended to redeem existing senior notes due 2027. This strategic financial move aims to manage the company’s debt obligations and reflects its ongoing commitment to financial stability and growth.

The most recent analyst rating on (SPH) stock is a Buy with a $22.00 price target. To see the full list of analyst forecasts on Suburban Propane stock, see the SPH Stock Forecast page.

Spark’s Take on SPH Stock

According to Spark, TipRanks’ AI Analyst, SPH is a Outperform.

Suburban Propane’s strong financial performance, positive technical indicators, and attractive valuation contribute to a high overall score. The earnings call further supports this with strategic growth and improved leverage, despite some challenges in RNG operations.

To see Spark’s full report on SPH stock, click here.

More about Suburban Propane

Suburban Propane Partners, L.P. is a publicly traded master limited partnership listed on the New York Stock Exchange. Headquartered in Whippany, New Jersey, the company has been in the customer service business since 1928. It is a nationwide distributor of propane, renewable propane, renewable natural gas, fuel oil, and related products and services. Additionally, Suburban Propane markets natural gas and electricity and invests in low carbon fuel alternatives, serving approximately 1 million customers across 42 states.

Average Trading Volume: 119,605

Technical Sentiment Signal: Strong Buy

Current Market Cap: $1.28B

Learn more about SPH stock on TipRanks’ Stock Analysis page.