Suburban Propane Partners L.P. (SPH)

Profile

https://www.suburbanpropane.com

Suburban Propane Partners L.P. is a master limited partnership (MLP) that specializes in the distribution of propane, fuel oil, and refined fuels, along with the provision of related products and services across the United States. Its primary function is to ensure the efficient delivery of propane to residential, commercial, and industrial customers for purposes such as heating, cooking, and power generation. Notably, Suburban Propane plays a significant role in the energy sector, contributing to essential utility services in both urban and rural contexts. The partnership also supplies heating oil and markets natural gas and electricity in deregulated markets. Suburban Propane's operational reach and seasoned experience make it a pivotal entity in the energy distribution industry. Through a network of strategically located storage facilities and a dedicated workforce, the partnership effectively manages seasonal demand fluctuations, particularly during the winter months when propane usage peaks. Founded in 1945 and headquartered in Whippany, New Jersey, Suburban Propane Partners L.P. has built a reputation for reliability and customer service, supporting millions of end-users with their day-to-day energy needs and ensuring energy security in various regions.