Suburban Propane Partners, L.P. (SPH) Stock

Suburban Propane Partners, L.P., headquartered in Whippany, New Jersey, operates as a leading retail marketer and distributor of propane, renewable propane, fuel oil, and refined fuels across the United States. Organized into four distinct segments, the company serves residential, commercial, industrial, and agricultural markets. The Propane segment plays a pivotal role in supplying propane for various applications including space heating, water heating, cooking, and clothes drying. It also serves as a motor fuel for vehicles and as a cutting gas in industrial settings, catering to a diverse range of consumer and industrial needs.

The Fuel Oil and Refined Fuels segment focuses on retail distribution, offering fuel oil, diesel, kerosene, and gasoline primarily for heating purposes in homes and buildings. Suburban Propane Partners extends its services through the Natural Gas and Electricity segment, marketing natural gas and electricity to residential and commercial customers in deregulated energy markets in New York and Pennsylvania. Additionally, the company's All Other segment specializes in the sale, installation, and maintenance of home comfort equipment such as heating systems, air cleaners, humidifiers, and space heaters.

As of September 24, 2022, Suburban Propane Partners served approximately 1.0 million customers through its network of 700 locations spanning 42 states. Its operations are strategically concentrated on the east and west coasts of the United States, with additional coverage in parts of the Midwest and Alaska. Suburban Energy Services Group LLC operates as the general partner of Suburban Propane Partners, L.P., overseeing its operational strategies and growth initiatives.

Founded in 1945, Suburban Propane Partners, L.P. has established itself as a reliable provider of essential energy solutions, leveraging decades of industry experience to meet the evolving needs of its diverse customer base nationwide. The company remains committed to enhancing customer satisfaction through quality service, innovative products, and sustainable energy practices.