If you’re staring at a screen right now looking for the stock price of SPH, you might be feeling a little bit like a detective in a noir film. One moment, the trail is hot; the next, it’s cold. Depending on where you’re sitting—literally, which country you’re in—the ticker "SPH" could mean two entirely different things.
Most people searching this keyword are likely looking for one of two giants: the American energy player Suburban Propane Partners or the ghost of Singapore’s media past, Singapore Press Holdings. Honestly, it's a bit of a mess if you don't know the backstory.
As of January 2026, the landscape for these two has diverged sharply. One is a dividend-paying workhorse on the NYSE, while the other has effectively vanished from the public boards, leaving behind a trail of REIT units and a private investment vehicle. Let's get into the weeds of what’s actually happening with the stock price of SPH today.
The NYSE Reality: Suburban Propane Partners (SPH)
For those of you trading in the US, SPH is very much alive. It’s the ticker for Suburban Propane Partners, L.P., a master limited partnership (MLP) that’s basically a staple for income-seeking investors.
Currently, as we hit mid-January 2026, the stock price of SPH is hovering around $19.20. It’s been a relatively steady climber over the last year, though it hasn't quite reclaimed its all-time high of $21.09 that we saw back in February 2025.
The "vibe" around Suburban Propane is usually tied to two things: the weather and dividends. Because they distribute propane and heating oil, a cold winter usually sends the stock into a bit of a frenzy. But the real draw is the dividend yield, which is currently sitting at a juicy 6.77%. In a market where yields have been all over the place, a consistent $1.64 annual distribution is hard to ignore.
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You’ve gotta realize, though, that SPH is an MLP. That means tax time gets a little weird with K-1 forms. If you're buying it in a brokerage account, just be ready for that extra paperwork. It’s the "price of admission" for that high yield.
The Singapore "Ghost": What Happened to Singapore Press Holdings?
Now, if you’re in Singapore or following Asian markets, the stock price of SPH is a different story entirely. Or rather, it’s a story that ended on May 13, 2022.
Singapore Press Holdings, the former media behemoth that printed everything from The Straits Times to Lianhe Zaobao, is no longer listed on the Singapore Exchange (SGX). It was a blue-chip darling for decades, but it basically got eaten alive by the digital revolution.
After a massive bidding war between Keppel Corp and a consortium called Cuscaden Peak (linked to tycoon Ong Beng Seng), Cuscaden won. They took the company private for about S$3.9 billion.
If you still see "SPH" on some outdated trackers, they might be showing the final delisting price of S$2.35 or S$2.36. But you can’t buy those shares anymore. They’re gone.
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The Remnants: Paragon REIT (Formerly SPH REIT)
If you were an SPH shareholder back in the day, you didn't just get cash; you likely ended up with units in what was then called SPH REIT. In January 2023, they rebranded it to Paragon REIT (trading under the ticker PARA or SK6U).
This is where the value went. As of today, January 17, 2026, the price for Paragon REIT is around S$0.975. It’s been a bit of a slog for the REIT lately. Even though they own prime real estate like The Paragon on Orchard Road and The Clementi Mall, high interest rates have made life difficult for Singapore REITs across the board.
The yield on PARA is still decent—around 6.67%—which, funnily enough, is almost identical to the yield on the American SPH propane stock. Talk about a coincidence.
Why the Confusion Persists
The internet has a long memory, and search engines sometimes struggle with tickers that overlap. People search for the stock price of SPH and get hit with a mix of propane delivery news and Singaporean property restructuring.
Honestly, it’s a cautionary tale about "ticker drift." Here’s a quick way to know which one you’re looking at:
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- Currency: If it's in USD, it's the propane guys in the US. If it’s in SGD, it’s an old listing or a REIT.
- Exchange: NYSE for the American SPH; SGX for the Singaporean entity.
- Business Model: One sells gas to heat homes; the other used to sell newspapers and now owns shopping malls.
Expert Take: Is Either "SPH" a Good Buy Right Now?
Let's look at the American Suburban Propane (SPH) first. If you're an income investor, it's a solid, boring play. They’re trying to diversify into "renewable propane" and hydrogen, which is a bit of a pivot to stay relevant in a "green" economy. The P/E ratio is around 11.8x, which is pretty cheap compared to the broader utilities sector.
On the Singapore side, you aren't buying SPH; you're buying Paragon REIT. Is PARA a good buy at S$0.975? Some analysts think it’s undervalued because the net asset value (NAV) is significantly higher than the share price. But you have to be okay with the "retail" risk. If people stop shopping at Orchard Road, the stock is going nowhere.
Actionable Insights for Investors
If you're tracking the stock price of SPH with the intent to put money to work, here is the move:
- Check Your Ticker Twice: Make 100% sure you are looking at Suburban Propane (NYSE: SPH) if you want energy, or Paragon REIT (SGX: PARA) if you want Singaporean property.
- Understand the MLP Structure: For the American SPH, talk to a tax pro about K-1 forms before you dive in. It can be a headache for small positions.
- Watch the Fed and the Weather: For the US stock, a warm winter is your enemy. For the Singapore REIT, high interest rates are the primary "valuation killer." If rates drop later in 2026, PARA could see a nice capital appreciation.
- Stop Looking for SPH Holdings: If you’re trying to buy the old Singapore media company, stop. It’s private. Cuscaden Peak owns it now, and there’s no way for a retail investor to jump back in.
The stock price of SPH isn't just a number; it's a lesson in how companies evolve or disappear. Whether you're betting on propane or prime retail, just make sure you're betting on the right "SPH."
Next Steps for You:
Check your current brokerage to see if you have exposure to PARA or SK6U through an Asian-focused ETF, or if you're holding SPH in a US-based dividend portfolio. If you're holding the latter, download your most recent 10-K to see how their renewable energy transition is actually progressing—don't just take the marketing at face value.