| Market Capitalization (Millions $) |
1,172 |
| Shares
Outstanding (Millions) |
67 |
| Employees |
3,341 |
| Revenues (TTM) (Millions $) |
1,393 |
| Net Income (TTM) (Millions $) |
133 |
| Cash Flow (TTM) (Millions $) |
-1 |
| Capital Exp. (TTM) (Millions $) |
73 |
Business Description
Suburban Propane Partners LP is a publicly traded master limited partnership (MLP) based in Whippany, New Jersey, which specializes in the distribution and sale of propane, fuel oil, and refined fuels. Founded in 1928, the company has over 90 years of experience in the propane industry, and it has become one of the largest propane marketing companies in the United States.
The company has a broad customer base, serving both residential and commercial customers across 41 states in the United States. With nearly 700 distribution locations, Suburban Propane has the capacity to store over 160 million gallons of propane, which it supplies to its customers through a fleet of over 4,000 delivery vehicles.
Suburban Propane generates revenue through the sale of propane and other fuels, as well as through the sale of related equipment and services, such as gas appliances, tank installations and rental, and maintenance and repair services. The company also provides emergency fuel services to customers with automatic delivery programs.
Suburban Propane has a strong focus on safety and environmental responsibility. The company maintains strict safety protocols and provides training and educational resources to its employees to ensure they are equipped to prioritize safety when handling propane and fuel products. The company also invests in renewable energy initiatives, such as developing propane-powered engines, to reduce its environmental impact.
The company has a history of successful acquisitions, including the purchase of Inergy LP in 2015. This acquisition allowed Suburban Propane to expand its propane distribution network, and it also added additional natural gas product offerings to the company's portfolio.
As a master limited partnership, Suburban Propane is structured to pass through the majority of its earnings to individual investors, making it an attractive investment option. The company relies on stable, long-term contracts with its customers to generate consistent income, and it has a history of strong financial performance.
In summary, Suburban Propane Partners LP is a leading propane marketing company, with a broad customer base, extensive distribution network, and strong focus on safety and environmental responsibility. The company's history of successful acquisitions, steady financial performance, and attractive investment structure make it a valuable player in the energy industry.
Company Address: 240 Route 10 West Whippany 7981 NJ
Company Phone Number: 887-5300 Stock Exchange / Ticker: NYSE SPH
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