Suburban Propane Partners LP
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Suburban Propane Partners LP (SPH). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Propane [Member] | $955.1M 86.2% | $1.14B 88.5% · +19.4% | $1.31B 87.5% · +15.2% | $1.23B 86.2% · -6.2% | $1.15B 86.7% · -6.7% | $1.27B 88.3% · +10.0% |
| All Other [Member] | $46.5M 4.2% | $50.8M 3.9% · +9.1% | $53.2M 3.5% · +4.9% | $73.8M 5.2% · +38.6% | $77.5M 5.8% · +5.0% | $75.1M 5.2% · -3.1% |
| Fuel Oil and Refined Fuels [Member] | $75.0M 6.8% | $67.1M 5.2% · -10.6% | $95.2M 6.3% · +41.8% | $92.1M 6.4% · -3.2% | $73.8M 5.6% · -19.9% | $67.4M 4.7% · -8.7% |
| Natural Gas and Electricity [Member] | $31.2M 2.8% | $30.4M 2.4% · -2.4% | $39.5M 2.6% · +29.9% | $31.2M 2.2% · -21.1% | $25.9M 1.9% · -17.0% | $24.6M 1.7% · -5.0% |
| Corporate [Member] | – | – | – | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Propane [Member] | $239.8M 25.1% | $330.4M 29.0% | $337.4M 25.7% | $351.2M 28.5% | $316.2M 27.5% | $367.4M 29.0% |
| All Other [Member] | -$20.4M -43.8% | -$20.1M -39.6% | -$22.0M -41.3% | – | – | – |
| Fuel Oil and Refined Fuels [Member] | $9.3M 12.4% | $7.7M 11.5% | $6.7M 7.1% | $5.9M 6.4% | $6.2M 8.4% | $3.5M 5.1% |
| Natural Gas and Electricity [Member] | $7.5M 23.9% | $7.4M 24.4% | $6.6M 16.7% | $6.0M 19.4% | $7.2M 27.7% | $5.1M 20.7% |
| Corporate [Member] | -$95.9M | -$112.2M | -$122.4M | – | – | – |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by product line
| Segment | 2020 | 2022 | 2023 |
|---|---|---|---|
| Propane [Member] | $955.1M 86.2% | $1.31B 86.3% · +37.5% | $1.23B 84.6% · -6.2% |
| Fuel Oil and Refined Fuels [Member] | $75.0M 6.8% | $95.2M 6.3% · +26.8% | $92.1M 6.3% · -3.2% |
| All Other [Member] | $46.5M 4.2% | $53.2M 3.5% · +14.4% | $73.8M 5.1% · +38.6% |
| Natural Gas and Electricity [Member] | $31.2M 2.8% | $39.5M 2.6% · +26.7% | $31.2M 2.1% · -21.1% |
| Wholesale [Member] | $483.0K 0.0% | $20.1M 1.3% · +4,064.6% | $26.8M 1.8% · +33.3% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 19, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.