SUBURBAN PROPANE PARTNERS LP (SPH) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Low Risk

Limited dilution potential

Last updated: November 26, 2025

Risk Assessment Details

Potential Dilution: 5.47% of current shares

Recent Dilution: 2.35% (2 years)

Historical Dilution Factor: minimal recent dilution

Outstanding Shares

66M

Potential Supply

3.6M

Additional shares possible

Splits

None

Past 2 years

Summary

SPH currently has 65.6M outstanding shares. with limited dilution risk as only 3.59M additional shares (5.5%) are authorized for issuance. The company has minimally diluted shareholders by 2.35% over the past 2 years.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding	Supply
Nov 26, 2025	10-K filing \| 65.6M shares outstanding	66M	3.6M
May 08, 2025	10-Q filing \| 65.0M shares outstanding	65M	4.2M
Feb 12, 2025	S-3 filing: Suburban Propane Partners, L.P. is offering up to $100,000,000 of common units through an "at-the-market" equity distribution agreement.	64M	4.7M
Feb 06, 2025	10-Q filing \| 64.5M shares outstanding	64M	0
Nov 27, 2024	10-K filing \| 64.3M shares outstanding	64M	0
Aug 08, 2024	10-Q filing \| 64.1M shares outstanding	64M	0
May 09, 2024	10-Q filing \| 64.0M shares outstanding	64M	0
Feb 08, 2024	10-Q filing \| 64.0M shares outstanding	64M	0
Nov 22, 2023	10-K filing \| 63.8M shares outstanding	64M	0
Aug 03, 2023	10-Q filing \| 63.5M shares outstanding	64M	0
May 04, 2023	10-Q filing \| 63.5M shares outstanding	63M	0
Feb 02, 2023	10-Q filing \| 63.6M shares outstanding	64M	0
Nov 23, 2022	10-K filing \| 63485.8M shares outstanding	63B	0
Aug 04, 2022	10-Q filing \| 63.3M shares outstanding	63M	0
May 05, 2022	10-Q filing \| 63.3M shares outstanding	63M	0
Feb 03, 2022	10-Q filing \| 63.0M shares outstanding	63M	0
Nov 24, 2021	10-K filing \| 62.7M shares outstanding	63M	0
Aug 05, 2021	10-Q filing \| 62.8M shares outstanding	63M	0
May 06, 2021	10-Q filing \| 62.7M shares outstanding	63M	0
Feb 04, 2021	10-Q filing \| 62.5M shares outstanding	63M	0
Nov 25, 2020	10-K filing \| 62.3M shares outstanding	62M	0
Aug 06, 2020	10-Q filing \| 62.3M shares outstanding	62M	0
May 07, 2020	10-Q filing \| 62.3M shares outstanding	62M	0
Feb 06, 2020	10-Q filing \| 62.1M shares outstanding	62M	0

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