One of the stellar names in the energy industry in the United States is Suburban Propane Partners. The company has been around since 1928 and was turned into a master limited partnership in 1996. Through the years, the company has championed the distribution of products that are intended to meet the energy needs of their clients.
It is in Whippany, New Jersey that the company holds its corporate office. The company has been conducting business with the utmost consciousness of the safety of their workers, while upholding the satisfaction of their customers. It has become the leading name in installing and servicing home comfort equipment, most notably in the area of heating and ventilation. There are several subsidiaries that operate within the business. These areas include: Suburban Energy Services Group LLC, which is the general partner of the company, Suburban Propane, LP and Suburban Sales and Service, Inc.
The business is further segmented into several reporting units, namely Fuel Oil and Refined Fuels, Propane and Natural Gas and Electricity. Propane remains to be the largest operation of the company. It distributes propane in 41 states from 700 locations. It serves more than 1.02 million clients, both residential and commercial customers. The distribution of their propane products is further categorized into 6 consumer markets: commercial, residential, industrial, agricultural, retail users and wholesale users. During the company’s 2013 fiscal year, they have reported their sales to include more than 530.7 million gallons of propane and another 49.1 million gallons of fuel oil and other refined fuels.
As of December 2014, the company provides jobs to more than 3,800 full-time employees. These associates work from the various offices located across the country. Suburban Propane Partners remains publicly traded on the New York Stock Exchange. Common shares of the company are marketed using the ticker symbol SPH.
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