Suburban Propane Partners, L.P. Announces Executive Level Promotion

Rhea-AI Summary

Suburban Propane Partners (NYSE: SPH) promoted M. Douglas Dagan to Senior Vice President – Renewable Energy on Jan 22, 2026. The newly created role centralizes strategy and operations for Suburban Renewable Energy, LLC to advance the Partnership’s renewable energy platform.

Suburban Renewables operates three owned anaerobic digester facilities producing renewable natural gas in Stanfield AZ, Columbus OH, and Upstate NY, and holds investments in Oberon Fuels (rDME) and Independence Hydrogen.

Positive

• Created Senior VP role to centralize renewable strategy and operations
• Oversight of three owned anaerobic digester RNG facilities (AZ, OH, NY)
• Investments in Oberon Fuels (rDME) and Independence Hydrogen

Negative

• None.

News Market Reaction

-1.02%

1 alert

-1.02% News Effect

On the day this news was published, SPH declined 1.02%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Anaerobic digester facilities: 3 facilities Customer base: Approximately 1 million customers Service locations: Approximately 750 locations +3 more

6 metrics

Anaerobic digester facilities 3 facilities Owned and operated RNG facilities under Suburban Renewables

Customer base Approximately 1 million customers Residential, commercial, governmental, industrial and agricultural customers

Service locations Approximately 750 locations Operating footprint across the United States

States served 42 states Geographic coverage for energy services

Year founded 1928 Suburban Propane’s legacy in customer service

Core pillars 3 pillars Commitment to Excellence, SuburbanCares, Go Green with Suburban Propane

Market Reality Check

Price: $20.02 Vol: Volume 125,726 is close t...

normal vol

$20.02 Last Close

Volume Volume 125,726 is close to the 20-day average of 128,223 (relative volume 0.98). normal

Technical Price at 19.64, trading above the 200-day MA of 18.83 ahead of this management update.

Peers on Argus

SPH gained 1.45% with several gas/energy peers also positive: OPAL +2.37%, ARIS ...

SPH gained 1.45% with several gas/energy peers also positive: OPAL +2.37%, ARIS +1.72%, MDU +0.68%, NWN +0.36%, CTRI +0.14%. Despite shared green prints, current data flags this as company-specific rather than a defined sector momentum move.

Historical Context

5 past events · Latest: Dec 22 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 22	Debt issuance completed	Neutral	-0.1%	Completion of $350M 6.500% senior notes due 2035 and use of proceeds.
Dec 08	Debt offering priced	Neutral	-0.9%	Pricing of $350M 6.500% senior notes due 2035 in private placement.
Dec 08	Debt offering proposed	Neutral	-0.3%	Announcement of proposed $350M senior notes due 2035 for refinancing.
Dec 02	Community initiative	Positive	-2.5%	Update on 2025 SuburbanCares community engagement and volunteer programs.
Nov 26	Annual report filed	Neutral	+0.4%	Filing of Form 10-K outlining operations, strategy, and risk factors.

Pattern Detected

Recent debt-financing and corporate/news updates have generally seen modest price moves, with one notable divergence on a positive community initiative release.

Recent Company History

Over the past few months, Suburban Propane has focused on capital structure and corporate positioning. In late November 2025, the partnership filed its 10-K, highlighting its nationwide propane and renewable energy footprint serving about 1 million customers. In December 2025, it announced, priced, and completed a $350,000,000 senior notes due 2035 financing to redeem 5.875% notes due 2027. Community and brand initiatives such as SuburbanCares also featured, though those drew a negative price reaction. Today’s renewable-focused executive promotion fits the ongoing strategic emphasis on renewables and operational execution.

Market Pulse Summary

This announcement highlights Suburban Propane’s decision to elevate its renewable platform by promot...

Analysis

This announcement highlights Suburban Propane’s decision to elevate its renewable platform by promoting M. Douglas Dagan to Senior Vice President – Renewable Energy, a newly created role overseeing strategy and operations at Suburban Renewables. The platform already includes 3 anaerobic digester RNG facilities and investments in Oberon Fuels and Independence Hydrogen. This move follows recent disclosures about distributions and upcoming fiscal 2026 results, underscoring an ongoing shift toward low‑carbon fuels within the existing 1 million-customer footprint.

Key Terms

renewable natural gas, anaerobic digester, renewable dimethyl ether, fuel cell, +2 more

6 terms

renewable natural gas medical

"anaerobic digester facilities that produce renewable natural gas in Stanfield"

Renewable natural gas is methane captured from organic waste—like landfills, farms, or wastewater—and cleaned to the same quality as conventional pipeline gas so it can be used for heating, electricity, or vehicle fuel. Investors care because it turns waste into a revenue-generating commodity, can qualify for carbon credits or government incentives, and can reduce a company's emissions profile, affecting long-term costs, regulatory risk, and market demand much like converting trash into sellable fuel.

anaerobic digester technical

"houses the three owned and operated anaerobic digester facilities that produce"

An anaerobic digester is a sealed system that breaks down organic waste—like food scraps, manure or crop residues—without oxygen, producing a methane-rich gas that can be used for heat, electricity or upgraded into renewable natural gas, and a nutrient-rich leftover useful as fertilizer. Investors care because digesters turn waste into sellable energy, revenue from waste processing fees, and potential carbon credits, so they affect project returns, operating costs and exposure to energy and regulatory markets.

renewable dimethyl ether technical

"only domestic producer of renewable dimethyl ether ("rDME") and Independence"

Renewable dimethyl ether (rDME) is a clean-burning liquid fuel made from renewable sources such as biomass, biogas, or recycled carbon, and it behaves like a lighter, low-carbon version of diesel that can be stored and used in many existing fuel systems. Investors care because rDME can reduce greenhouse gas emissions, benefit from environmental rules and subsidies, and potentially tap into demand for low-carbon fuel alternatives while using much of the current distribution and engine infrastructure.

fuel cell technical

"deliver affordable, fuel cell grade hydrogen at a lower carbon intensity"

A fuel cell is a device that turns chemical energy from a fuel, most often hydrogen, directly into electricity through a controlled chemical reaction, with water and heat as the main byproducts. Investors care because fuel cells can offer cleaner, longer-range power for vehicles, buildings and industry compared with traditional engines or batteries; advances can lower costs, shift demand for fuels and components, and open new markets much like a more efficient engine reshapes transportation.

hydrogen economy technical

"Independence Hydrogen, a pioneer in the American hydrogen economy, developing"

A hydrogen economy is an energy system that relies on hydrogen as a major fuel and store of power across transport, industry and power generation, replacing or supplementing traditional fossil fuels. For investors it signals a shift of capital toward new production methods, storage and distribution infrastructure, equipment makers and service providers—similar to investing in roads and gas stations when cars replace horses—creating long‑term demand, technology winners and policy risks to consider.

master limited partnership financial

"is a publicly traded master limited partnership listed on the New York"

A master limited partnership is a type of business structure that combines features of a corporation and a partnership, allowing it to raise money from investors while passing profits directly to them. Think of it as a shared ownership group that offers regular income, making it attractive to investors seeking steady cash flow. This structure is often used by companies involved in natural resources or energy, where consistent revenue is common.

AI-generated analysis. Not financial advice.

WHIPPANY, N.J., Jan. 22, 2026 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE: SPH), a nationwide distributor of propane, renewable propane, renewable natural gas, fuel oil, and related products and services, as well as a marketer of natural gas and electricity and investor in low carbon fuel alternatives, announced today an executive promotion to further its long-term strategic goal of developing the Partnership's renewable energy platform.

The Partnership announced that M. Douglas Dagan has been promoted to Senior Vice President – Renewable Energy. In this newly created position, Mr. Dagan is responsible for the development and execution of the strategic growth plan for Suburban Propane's renewable energy platform, under its subsidiary, Suburban Renewable Energy, LLC ("Suburban Renewables"), as well as overseeing the operations.

In announcing this promotion, Suburban Propane President and Chief Executive Officer Michael A. Stivala stated, "This well-deserved promotion aligns with our long-term strategy to build and grow a renewable energy platform. By combining our strategic and corporate development activities with the day-to-day operations of the renewable energy assets under one senior leader, we will ensure that strategic priorities are translated seamlessly into operational execution, facilitating tighter coordination and a single point of accountability, which will ultimately lead to enhanced performance, scalability, and innovation across the renewable energy portfolio."

Suburban Renewables builds off the well-established legacy of Suburban Propane as a trusted and reliable provider of energy and exceptional customer service. Suburban Renewables leads the way to a renewable energy future that provides value to customers, unitholders, employees, and the communities served.

Suburban Renewables houses the three owned and operated anaerobic digester facilities that produce renewable natural gas in Stanfield, Arizona; Columbus, Ohio; and Upstate New York. The platform also includes investments in Oberon Fuels, which produces a range of ultra-low-carbon or carbon-negative fuels that are practical, economical, and sustainable, and is the only domestic producer of renewable dimethyl ether ("rDME") and Independence Hydrogen, a pioneer in the American hydrogen economy, developing a gaseous production, storage, and distribution network to deliver affordable, fuel cell grade hydrogen at a lower carbon intensity than liquid alternatives.

About Suburban Propane:
Suburban Propane Partners, L.P. ("Suburban Propane") is a publicly traded master limited partnership listed on the New York Stock Exchange. Headquartered in Whippany, New Jersey, Suburban Propane has been in the customer service business since 1928 and is a nationwide distributor of propane, renewable propane, renewable natural gas, fuel oil and related products and services, as well as a marketer of natural gas and electricity and producer of and investor in low carbon fuel alternatives, servicing the energy needs of approximately 1 million residential, commercial, governmental, industrial and agricultural customers through approximately 750 locations across 42 states.

Suburban Propane is supported by three core pillars: (1) Suburban Commitment to Excellence-showcasing Suburban Propane's almost 100-year legacy, and ongoing commitment to the highest standards for safety, dependability, flexibility, and reliability that underscores Suburban Propane's commitment to excellence in customer service; (2) SuburbanCares-highlighting continued dedication to giving back to local communities across Suburban Propane's national footprint; and (3) Go Green with Suburban Propane-promoting propane and renewable propane as versatile, low-carbon energy solutions and investing in the next generation of innovative, renewable energy alternatives.

For additional information on Suburban Propane, please visit www.suburbanpropane.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/suburban-propane-partners-lp-announces-executive-level-promotion-302667595.html

SOURCE Suburban Propane Partners, L.P.

FAQ

Who was promoted at Suburban Propane (SPH) on January 22, 2026?

M. Douglas Dagan was promoted to Senior Vice President – Renewable Energy.

What responsibilities does the new Senior VP – Renewable Energy at SPH have?

He will develop and execute the strategic growth plan for Suburban Renewable Energy and oversee its operations.

Which renewable natural gas facilities does Suburban Renewables operate for SPH?

Three owned anaerobic digester facilities producing RNG in Stanfield, Arizona, Columbus, Ohio, and Upstate New York.

What renewable investments are mentioned in the SPH announcement?

Investments in Oberon Fuels (rDME producer) and Independence Hydrogen are included in the platform.

How does Suburban Propane (SPH) say this promotion supports its strategy?

The company said the role aligns strategic and corporate development with day-to-day renewable operations to improve coordination and accountability.