Suburban Propane Partners, L.P.

SPH: Is Suburban Propane Partners, L.P. Halal?

Suburban Propane Partners, L.P.

NYSEEnergyUS

$17.61

-0.11%

Market Cap: 1.2B

Compliance Status

Not Halal

Screened on Sep 1, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Suburban Propane Partners, L.P. (SPH) halal? Not Halal. Based on AAOIFI screening, Suburban Propane Partners, L.P. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates Suburban Propane Partners, L.P. (SPH) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Sep 1, 2026. Source: https://halalscreener.app/en/stock/SPH

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

104.8% of 30.0% limit

What this means for you

Most scholars advise not holding SPH

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Suburban Propane Partners, L.P.

Suburban Propane Partners, L.P. is a nationwide marketer and distributor of a diverse array of energy-related products, specializing in propane, fuel oil and refined fuels. It serves approximately 1 million residential, commercial, industrial, and agricultural customers across 42 states through approximately 700 locations. The company operates through segments including Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other. In recent years, Suburban Propane has also expanded into renewable energy sources like renewable propane and renewable natural gas (RNG).

Sector: Energy · Industry: Oil & Gas Energy

Shariah Compliance Status

AAOIFI Standard 21Updated Sep 1, 2026

Compliance History

Not Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

Tracked since May 2026. Updates automatically on each re-screen.

Fiscal: Q3 2026Data source: EDGAR

Halal Alternatives in Energy

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Frequently Asked Questions

Is Suburban Propane Partners, L.P. (SPH) halal to invest in?
Suburban Propane Partners, L.P. (SPH) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.
Why did Suburban Propane Partners, L.P. get a F compliance rating?
Suburban Propane Partners, L.P. (SPH) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 104.8% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Suburban Propane Partners, L.P.'s Shariah verdict?
Suburban Propane Partners, L.P.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.
How often is Suburban Propane Partners, L.P. re-screened for Shariah compliance?
Suburban Propane Partners, L.P. (SPH) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Sep 1, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.