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NASCAR Partners with $2.38 Billion-Value Company Suburban Propane

Jan 17, 2025over 1 year ago

Contract Type

partnership

EnergyOil And GasRenewable Energy

Description

NASCAR and Speedway Motorsports have confirmed a multi-year partnership with Suburban Propane, currently valued at $2.38 billion. Suburban Propane will be the Official Propane supplier for both NASCAR and Speedway Motorsports, providing propane for track operations and services for campers.

Company Information

Company

Suburban Propane

About

Suburban Propane Partners, L.P. is a publicly traded master limited partnership listed on the New York Stock Exchange under the ticker symbol SPH. Headquartered in Whippany, New Jersey, Suburban has been in the customer service business since 1928 and is a nationwide distributor of propane, renewable energy and related products and services, as well as a marketer of natural gas and electricity and producer of and investor in low carbon alternatives. The Partnership serves the energy needs of approximately 1 million residential, commercial, governmental, industrial and agricultural customers through approximately 700 locations across 42 states. The Partnership is supported by three core pillars: (1) Suburban Commitment – showcasing the Partnership's 95-year legacy, and ongoing commitment to the highest standards for dependability, flexibility, and reliability that underscores the Partnership's commitment to excellence in customer service; (2) SuburbanCares – highlighting the Partnership's continued dedication to giving back to local communities across the Partnership's national footprint and (3) Go Green with Suburban Propane - promoting the clean burning and versatile nature of propane and renewable propane as a solution to a green energy future and its commitment to investing in and developing the next generation of renewable energy. For additional information on Suburban Propane, please visit www.suburbanpropane.com. SOURCE Suburban Propane Partners, L.P.

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