Suburban Propane Partners, L.P.

Suburban Propane Partners, L.P. is a nationwide marketer and distributor of various energy products. The company specializes in distributing propane, renewable propane, renewable natural gas (RNG), fuel oil, and refined fuels. It also markets natural gas and electricity in deregulated markets and produces and invests in low-carbon fuel alternatives. To support its core operations, the company installs and services home comfort equipment, particularly for heating and ventilation. Suburban Propane Partners, L.P. is the third-largest retail marketer of propane in the United States, based on retail gallons sold in calendar year 2024, according to LP/Gas Magazine dated February 2025. As of September 27, 2025, the company served approximately 1.0 million residential, commercial, industrial, and agricultural customers through approximately 750 locations in 42 states. Its operations are primarily concentrated in the east and west coast regions of the United States, as well as parts of the midwest region and Alaska. During the year ended September 27, 2025, the company sold approximately 400.5 million gallons of propane and 16.5 million gallons of fuel oil and refined fuels to retail customers. The company has been continuously involved in the retail propane business since 1928, including its predecessor companies. It conducts business mainly through Suburban Propane, L.P., which operates its propane business and assets.