Positive
Seeking Alpha
11 days ago
Suburban Propane: 2025 Growth Is Likely An Aberration
Suburban Propane remains a 'sell' due to challenged long-term growth, high debt, and reliance on volatile weather-driven demand. SPH's recent EBITDA growth was driven by an unusually cold winter, but secular declines in propane demand and rising operating costs persist. Leverage remains elevated at 4.3x, and ongoing equity issuance signals management's lack of confidence in SPH's valuation and need for debt reduction.
