Suburban Propane Partners L.P. (SPH) Dividend Safety Gauge & 10-Year DRIP Compounder

Per the Roarable RQD rating, SPH scores 54 out of 100, a letter grade of D+, with the verdict label "Roarable Sell — Weak Fundamentals / Trim." The five pillars are: Fundamental Cash Engine 10/20 (ROIC 8.4%; FCF yield 9.6%); Whale 13F Flow 9/20 (institutional accumulation and options positioning); Insider Conviction 17/20 (SEC Form 4 and Congressional PTR cluster flow); Macro Regime Fit 8/20 (beta 1.0; sector sensitivity); and Forensic Balance Sheet 10/20 (Altman Z 1.27; Piotroski F 7/9; Debt/Equity 2.11).

Read together, the pillars show the strongest contribution from insider activity, while the weakest are macro fit and institutional flow. The forensic inputs flag balance-sheet strain: a 1.27 Altman Z and 2.11 Debt/Equity sit well inside the range that makes leverage a central valuation consideration, even though the Piotroski score of 7/9 indicates a relatively healthy set of operating-quality signals. The FCF yield of 9.6% is a meaningful cash-generation figure, but it has to be weighed against the debt load. For a prospective investor, the upside case rests on cash conversion and insider buying; the downside case rests on leverage, modest whale support, and a beta of 1.0 that offers no defensive cushion. The valuation (P/E 11.2 TTM, EV/EBITDA 9.4) is undemanding on the surface, but the rating frames that discount as reflecting weak fundamentals rather than a clear mispricing.

Suburban Propane Partners L.P. is listed on the NYSE and classified under Consumer Discretionary, Other Specialty Stores, per the SEC financials profile. Per the source profile, the company operates within this classification with a market capitalization of $1.2B. Specific products, customers, and revenue mix are not detailed in the source data beyond the sector and industry labels. Gross margin is 60.6% and operating margin is 14.4% per the market data section.

Per the SEC financials, revenue rose from $1327.2M in FY 2024 to $1432.5M in FY 2025, and net income rose from $74.2M to $106.6M over the same span. Net margin is 7.4% per the market data section. Per the Roarable RQD rating, ROIC is 8.4%, Altman Z-Score is 1.27, and Piotroski F-Score is 7/9. Cash reported at $1.3M against debt of $1322.5M in FY 2025 indicates a highly leveraged balance-sheet posture, consistent with the Debt/Equity of 2.11 in the rating inputs.

Per the Butterfly Supply-Chain Graph, the supply chain is recorded as "NONE," with no butterfly links and no proprietary signals. Upstream and downstream dependency mapping is therefore not available in source data. Sector classification (Consumer Discretionary, Other Specialty Stores) is the only sector-level context provided. Investors should monitor how the distribution-rate change and the rising short interest interact with the company's leverage, since the source data does not quantify any second-order supplier or customer linkage.

• What is the company's specific product and revenue mix, and how much of revenue is tied to seasonal or weather-driven demand?
• What is the debt maturity schedule, and what are the covenant terms given Debt/Equity of 2.11 and cash of $1.3M?
• What drove the FY 2023 cash and debt figures to be unavailable, and how comparable are the reported periods?
• What are the consensus analyst ratings and price targets, and how do they compare with the Roarable RQD verdict?
• Who are the specific insiders and institutional holders behind the insider and whale pillar scores?