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Suburban Propane ( (SPH) ) has issued an announcement.
On December 22, 2025, Suburban Propane Partners, L.P. and its subsidiary Suburban Energy Finance Corp. completed a $350 million private issuance of 6.500% senior notes due 2035 to qualified institutional buyers and certain non-U.S. investors, under an indenture that imposes covenants limiting additional debt, dividends, asset sales, affiliate transactions and certain structural changes. The unsecured senior notes, which rank pari passu with Suburban’s existing unsecured senior debt and are structurally subordinated to the obligations of its operating subsidiaries, generated net proceeds of approximately $344.3 million that have been or will be used, together with borrowings under a revolving credit facility, to redeem all outstanding 5.875% senior notes due 2027, with the 2027 notes satisfied and discharged on December 22, 2025 and full redemption scheduled for January 7, 2026, effectively extending the company’s debt maturity profile and reshaping its capital structure.
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 strategic corporate events contribute significantly to its overall score. The company’s attractive valuation and high dividend yield further enhance its investment appeal. While challenges in RNG operations and a decline in gross profit margin are concerns, the overall outlook remains positive.
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 and headquartered in Whippany, New Jersey. Founded in 1928, it is a nationwide distributor of propane, renewable propane, renewable natural gas, fuel oil and related products and services, as well as a marketer of natural gas and electricity and a producer of, and investor in, low-carbon fuel alternatives, serving about 1 million customers across roughly 750 locations in 42 U.S. states.
Average Trading Volume: 127,692
Technical Sentiment Signal: Strong Buy
Current Market Cap: $1.23B
See more insights into SPH stock on TipRanks’ Stock Analysis page.