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Suburban Propane Partners
Suburban Propane Partners

Energy / Propane distribution

At a Glance | Core Facts | Company Due Diligence | Industry Due Diligence | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web
Overview
Suburban Propane Partners is a publicly traded company that was founded in 1928. They are based in Whippany, New Jersey and operate as a retail marketer and distributor of propane, fuel oil and related products and services. They provide propane to residential, commercial, and industrial customers in 41 states through their extensive network of 700 locations.
Suburban Propane Partners also offers a range of services, including tank installation and maintenance, emergency service, and payment options such as auto-delivery and budget plans.
The company prides itself on providing safe, reliable, and cost-effective energy solutions for its customers. They have a strong commitment to sustainability and have implemented various initiatives to reduce their environmental impact, such as using renewable propane and investing in alternative fuel vehicles.
Suburban Propane Partners has a strong customer service focus and aims to create lasting relationships with its customers. They also have a strong presence in their local communities and support various charities and organizations through their SuburbanCares initiative.
In addition to propane, Suburban Propane Partners also offers a range of services and products, including natural gas, electricity, and HVAC equipment. They also offer propane safety and energy efficiency tips on their website to help customers make the most of their fuel.
Overall, Suburban Propane Partners is a leading energy provider that is dedicated to providing reliable and environmentally friendly fuel solutions to its customers.
What is special about the company?
1. Long History: Suburban Propane Partners has been in business for over 90 years, making it one of the oldest and most established propane companies in the United States.
2. Nationwide Presence: The company operates in 41 states across the country, with over 700 locations, making it one of the largest propane distributors in the country.
3. Diverse Products and Services: In addition to delivering propane for residential and commercial use, the company also offers a wide range of other products and services such as heating equipment, tank installation and maintenance, and even emergency generators.
4. Strong Customer Focus: Suburban Propane Partners prides itself on its commitment to customer satisfaction and has a dedicated customer service team to ensure that customers receive top-quality service.
5. Commitment to Safety: The company places a strong emphasis on safety and has established various training programs and safety initiatives to ensure that its employees and customers are protected.
6. Financial Stability: As a publicly-traded company, Suburban Propane Partners has a strong financial track record and is consistently ranked as one of the top performing companies in the industry.
7. Environmental Sustainability: The company is committed to reducing its environmental impact and has implemented various initiatives to promote clean energy and reduce carbon emissions.
8. Community Involvement: Suburban Propane Partners is actively involved in the communities it serves and supports various charitable organizations and causes through its SuburbanCares program.
9. Employee Development: The company values its employees and provides various training and development opportunities to help them grow and succeed in their careers.
10. Strong Industry Relationships: Suburban Propane Partners has strong relationships with industry associations and suppliers, allowing it to stay current with the latest technological advancements and offer the best products and services to its customers.
What the company's business model?
The Suburban Propane Partners company’s business model is based on providing customers with propane, fuel oil, and other energy-related products and services. They operate primarily in the retail distribution and sale of propane gas to residential, commercial, industrial, and agricultural customers. They also offer other services such as equipment sales, installation, and maintenance, as well as natural gas, electric and other related services. Additionally, they have a focus on expanding and acquiring new customers through their network of retail locations, partnerships, and strategic acquisitions. Their business model is centered on providing reliable energy solutions and exceptional customer service to meet the needs of their diverse customer base.
Interesting facts about the company
1. Suburban Propane Partners, L.P. is a publicly traded master limited partnership that specializes in the retail marketing and distribution of propane and related energy products and services. It is one of the largest retail marketers of propane in the United States.
2. The company was founded in 1928 as the Suburban Gas Company by Mark Anton, Sr. in Wilkes-Barre, Pennsylvania. It originally delivered coal and ice to homes in the area, but eventually shifted its focus to delivering propane.
3. In the 1930s, Suburban Propane expanded its operations to New York and New Jersey, and by the 1950s it had grown to become one of the largest retail propane distributors in the country.
4. Today, Suburban Propane operates over 700 locations in 41 states and serves more than 1.3 million residential, commercial, industrial, and agricultural customers.
5. The company’s headquarters is located in Whippany, New Jersey.
6. Suburban Propane is known for its dedication to customer service and safety. It has a team of certified professionals who provide training and safety services to customers, and it has received numerous awards for its safety record.
7. In addition to propane, the company also offers natural gas, electricity, heating oil, and other energy products and services.
8. Suburban Propane is also committed to giving back to the communities it serves. The company and its employees support various charitable organizations and initiatives, including the American Red Cross, the United Way, and local food banks.
9. In 2019, Suburban Propane was recognized by Forbes as one of America’s Best Midsize Employers, and also received the Top Workplaces award from NJ.com and the Philadelphia Inquirer.
10. As of 2021, the company’s market capitalization is over $1.4 billion and it generates over $2.2 billion in annual revenue. Its stock is traded on the New York Stock Exchange under the ticker symbol SPH.
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