Suburban Propane Partners, L.P.

Suburban Propane Partners, L.P. is a publicly traded Master Limited Partnership (MLP) headquartered in Whippany, New Jersey. Founded in 1928, the company operates as a nationwide distributor of propane, renewable propane, renewable natural gas (RNG), fuel oil, and refined fuels. Its core mission revolves around customer satisfaction, safety, and community support, with a strategic focus on long-term, consistent performance and value creation.

The company's diverse offerings include retail and wholesale distribution of various energy products, alongside the marketing of natural gas and electricity in deregulated markets. Suburban Propane also provides installation and servicing of home comfort heating and ventilation equipment. Serving approximately 1 million residential, commercial, industrial, agricultural, and governmental customers, the company maintains operations across 41 to 42 states through a network of about 700 to 750 locations.

Under the leadership of President and CEO Michael A. Stivala, Suburban Propane is actively positioning itself in the evolving energy landscape, with a significant focus on clean energy initiatives and low-carbon fuel alternatives. Recent activities include a collaboration with ABB, Kempower, and NASCAR to demonstrate renewable propane-powered mobile EV charging, and investments in anaerobic digester facilities for RNG production. The company reported a Q2 2026 EPS beat despite a revenue decline, with investors noting its long-term clean energy strategy. In December 2025, Suburban Propane completed an offering of $350 million in 6.500% Senior Notes due 2035.