Propane was Suburban Propane Partners’s largest segment in fiscal 2025, bringing in $1.27B of $1.43B (88%).
| Segment | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Propane | $1.31B | $1.23B | $1.15B | $1.27B | |||||||||||||
| One Of The Reportable Segments For The Partnership. The Propane Segment Is Primarily Engaged In The Retail Distribution Of Propane To Residential, Commercial, Industrial & Agricultural Customers And, To A Lesser Extent, Wholesale Distribution To Large Industrial End Users | — | — | — | — | |||||||||||||
| Fuel Oil & Refined Fuels | $95.16M | $92.13M | $73.78M | $67.35M | |||||||||||||
| One Of The Reportable Segments For The Partnership. The Fuel Oil & Refined Fuels Segment Is Primarily Engaged In The Retail Distribution Of Fuel Oil, Diesel, Kerosene And Gasoline To Residential And Commercial Customers For Use Primarily As A Source Of Heat In Homes And Buildings | — | — | — | — | |||||||||||||
| All Other | $53.24M | $73.77M | $77.48M | $75.08M | |||||||||||||
| Natural Gas & Electricity | $39.51M | $31.16M | $25.88M | $24.59M | |||||||||||||
| One Of The Reportable Segments For The Partnership. The Natural Gas & Electricity Segment Is Engaged In The Marketing Of Natural Gas And Electricity To Residential And Commercial Customers In The Deregulated Energy Markets Of New York And Pennsylvania | — | — | — | — | |||||||||||||
| Total | $1.50B | $1.43B | $1.33B | $1.43B |
Suburban Propane Partners brought in $1.43B from its four segments in fiscal 2025, the year ended September 27, 2025. That was up 7.9% from $1.33B in fiscal 2024. Propane was the largest at $1.27B (88.3%), ahead of All Other at $75.08M (5.2%) and Fuel Oil & Refined Fuels at $67.35M (4.7%). The remaining segment, Natural Gas & Electricity, brought in $24.59M.
Compared with fiscal 2024, Propane grew fastest, up 10.0% to $1.27B, while Fuel Oil & Refined Fuels fell the most, down 8.7% to $67.35M. From fiscal 2022 to 2025, combined revenue from these segments fell from $1.50B to $1.43B, a compound annual decline of 1.6%. Propane's share of the total rose from 87.5% to 88.3%.
Retail was Suburban Propane Partners’s largest product and service line in fiscal 2025, bringing in $766.53M of $933.55M (82%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Propane | — | — | — | — | ||||||
| Retail | $798.78M | $771.78M | $706.77M | $766.53M | ||||||
| Fuel Oil & Refined Fuels | $95.16M | $92.13M | $73.78M | $67.35M | ||||||
| All Other | — | $73.77M | $77.48M | $75.08M | ||||||
| Natural Gas & Electricity | $39.51M | $31.16M | $25.88M | $24.59M | ||||||
| Wholesale | $20.12M | $26.81M | $28.63M | — | ||||||
| Total | $953.57M | $995.65M | $912.53M | $933.55M |
Suburban Propane Partners brought in $933.55M from its four product and service lines in fiscal 2025, the year ended September 27, 2025. That is less than the $1.43B it reports by segment, so these lines do not cover all of its revenue. Retail was the largest at $766.53M (82.1%), ahead of All Other at $75.08M (8.0%) and Fuel Oil & Refined Fuels at $67.35M (7.2%). The remaining line, Natural Gas & Electricity, brought in $24.59M.
Compared with fiscal 2024, Retail grew fastest, up 8.5% to $766.53M, while Fuel Oil & Refined Fuels fell the most, down 8.7% to $67.35M. Some of that change comes from Suburban Propane Partners regrouping its lines.
Suburban Propane Partners stopped reporting Wholesale as a separate line after fiscal 2024, when it brought in $28.63M.
Residential was Suburban Propane Partners’s largest revenue line in fiscal 2023, bringing in $771.78M of $1.40B (55%).
| Industry Sector | FY 2018 | FY 2019 | FY 2020 | FY 2022 | FY 2023 |
|---|---|---|---|---|---|
| Residential | $654.27M | $798.78M | $771.78M | ||
| Commercial | $283.02M | $435.02M | $393.48M | ||
| Industrial | $92.97M | $136.26M | $130.66M | ||
| Government | $43.44M | $66.04M | $65.49M | ||
| Agricultural | $33.72M | $45.26M | $40.97M | ||
| Total | $1.11B | $1.48B | $1.40B |
Suburban Propane Partners brought in $1.40B from its five revenue lines in fiscal 2023, the year ended September 30, 2023. That was down 5.3% from $1.48B in fiscal 2022. Residential was the largest at $771.78M (55.0%), ahead of Commercial at $393.48M (28.1%) and Industrial at $130.66M (9.3%). The other two revenue lines brought in $106.46M combined.
Compared with fiscal 2022, every revenue line above 2% of revenue shrank. Government held up best, down 0.8% to $65.49M, and Commercial fell the most, down 9.5% to $393.48M. From fiscal 2020 to 2023, combined revenue from these revenue lines grew from $1.11B to $1.40B, a compound annual growth rate of 8.2%. Residential's share of the total fell from 59.1% to 55.0%.
Suburban Propane Partners (SPH) reports its revenue by segment, by product and service and by industry sector. In fiscal 2025, Propane was its largest segment, bringing in $1.27B (88.3% of the total), followed by All Other at $75.08M (5.2%).
Propane was Suburban Propane Partners' largest segment in fiscal 2025, bringing in $1.27B, or 88.3% of the $1.43B total across its four segments.
Retail was Suburban Propane Partners' largest product and service line in fiscal 2025, bringing in $766.53M, or 82.1% of the $933.55M total across its four product and service lines.
Residential was Suburban Propane Partners' largest revenue line in fiscal 2023, bringing in $771.78M, or 55.0% of the $1.40B total across its five revenue lines.
Among Suburban Propane Partners' segments that make up at least 2% of revenue, Propane grew fastest in fiscal 2025, up 10.0% from $1.15B to $1.27B.
Every figure comes from Suburban Propane Partners' annual financial filings, as reported. Each line keeps the name Suburban Propane Partners gives it, and years follow its fiscal calendar.
Suburban Propane Partners' revenue by segment goes back to fiscal 2009, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.