Suburban Propane Partners L.P. (SPH)

Overview

Suburban Propane Partners, L.P., a prominent player in the energy sector, has made its mark through its extensive engagement in the retail marketing and distribution of a wide range of fuels in the United States. Founded in 1945 and headquartered in Whippany, New Jersey, the company has carved a niche for itself, offering solutions that encompass propane, renewable propane, fuel oil, and refined fuels. Its operations are categorized into four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other, allowing it to cater to a diverse spectrum of needs. Serving a broad base of residential, commercial, industrial, and agricultural customers, Suburban Propane Partners, L.P. commands a significant presence, especially in the east and west coast regions, along with parts of the Midwest region of the United States and Alaska.

Products and Services

• Propane:

This segment deals with the retail distribution of propane, which is used for a variety of purposes including space heating, water heating, cooking, and clothes drying. Propane is also utilized as a motor fuel in internal combustion engines to power vehicles, forklifts, and stationary engines. It finds application in industrial settings, serving as a cutting gas for furnaces, and in agriculture for tobacco curing, crop drying, poultry brooding, and weed control. Wholesale distribution to industrial end users is also a part of this service offering.

• Fuel Oil and Refined Fuels:

The focus here is on the retail distribution of fuel oil, diesel, kerosene, and gasoline. These fuels are primarily used by residential and commercial customers as a source of heat in homes and buildings.

• Natural Gas and Electricity:

In the deregulated energy markets of New York and Pennsylvania, Suburban Propane Partners, L.P. markets natural gas and electricity to residential and commercial customers. This segment widens the company's energy solutions, catering to the evolving needs of its customer base.

• All Other:

This segment includes the sale, installation, and servicing of a variety of home comfort equipment. Products range from whole-house heating products to air cleaners, humidifiers, and space heaters, addressing a wide array of customer needs beyond fuel distribution.