10 Best Performing Utilities Stocks So Far in 2025

4) Suburban Propane Partners, L.P. (NYSE:SPH)

% Gain on a YTD Basis: 24.9%

Number of Hedge Fund Holders: 1

Suburban Propane Partners, L.P. (NYSE:SPH) is engaged in the retail marketing and distribution of propane, renewable propane, fuel oil, and refined fuels in the US. Propane volumes in Q1 2025 were aided by higher demand in the company’s Southeast operations for backup power generation and other applications in the aftermath of Hurricanes Helene and Milton, and from growth in Suburban Propane Partners, L.P. (NYSE:SPH)’s customer base resulting from the completion of a strategic propane acquisition during November, which expanded its service territories in the Southwest.

The company expects plenty of heating season moving forward and, considering more seasonable weather in the early part of the fiscal Q2, Suburban Propane Partners, L.P. (NYSE:SPH) is well-placed to serve the elevated demand. Regarding the capital projects to construct an anaerobic digester system in upstate New York and gas upgrade equipment at its anaerobic digester facility in Columbus, Ohio, Suburban Propane Partners, L.P. (NYSE:SPH) continues to advance the construction activities, which are anticipated to be completed towards the end of calendar 2025.

The propane sector witnessed increased wholesale prices, but the company’s strategic investments in renewable energy and acquisitions supported offsetting some challenges. Furthermore, as utilities expand renewable energy generation, grid reliability challenges tend to increase. This can fuel demand for propane-powered backup generators and distributed energy solutions which Suburban Propane Partners, L.P. (NYSE:SPH) supplies.