Suburban Propane Announces $350M Senior Notes Offering

The latest update is out from Suburban Propane ( (SPH) ).

On December 8, 2025, Suburban Propane Partners, L.P. announced the pricing of its $350 million offering of 6.500% senior notes due 2035 in a private placement. The offering is expected to close on December 22, 2025, and the proceeds, along with borrowings under its revolving credit facility, will be used to redeem all outstanding 5.875% senior notes due 2027. This strategic financial move aims to optimize the company’s debt structure and potentially enhance its market positioning.

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, it has been in the customer service business since 1928 and is a nationwide distributor of propane, renewable propane, renewable natural gas, fuel oil, and related products and services. The company also 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

For an in-depth examination of SPH stock, go to TipRanks’ Overview page.