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Suburban Propane Partners LP

SPH

Utilities

1

exclusion reason

1 theme

Fossil Fuels (1)
SPH Utilities Current as of March 2026

This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.

Suburban Propane Partners LP is a master limited partnership that distributes propane, fuel oil, and refined fuels to residential, commercial, industrial, and agricultural customers. Its core business is the retail marketing and distribution of propane, a fossil fuel derived primarily from natural gas processing and crude oil refining. The company operates a vast distribution network of storage terminals, transport trucks, and local delivery infrastructure to supply these fuels.

The company's operations are directly tied to the fossil fuel supply chain. It purchases propane from producers, pipelines, and terminals, then sells it to end-users for heating, cooking, and other energy needs. This model makes Suburban Propane an essential ancillary service provider, enabling the continued consumption of fossil fuels in markets often beyond the reach of natural gas pipelines. The company has not announced a strategic transition away from fossil fuel distribution or significant investments in renewable energy alternatives.

Research Sources 7 organizations

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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.

This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.

Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.