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AmeriGas Partners, L.P.: Business Overview, Financials & Competitive Analysis

AmeriGas Partners engages in retail distribution of propane and related equipment and supplies across the United States, serving residential, commercial, industrial, agricultural, wholesale, and motor fuel customers. ...

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What's in This Report
AmeriGas Partners, L.P. OverviewStrategic ProfileCompetitive LandscapeIndustry ContextKey facts
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6/ 10Solid

Cyborg Score thesis

Stable propane distributor with scale, improving leverage profile, and focused on sustainable de-leveraging through disciplined...

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Industry Propane distribution and retail
3 named competitors
3 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: July 20, 2026
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AmeriGas Partners, L.P. Overview

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AmeriGas Partners engages in retail distribution of propane and related equipment and supplies across the United States, serving residential, commercial, industrial, agricultural, wholesale, and motor fuel customers. The company serves over 2 million customers in all 50 states from over 2,500 distribution locations.

Strategic Profile

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AmeriGas Propane, Inc., the sole general partner, is a wholly owned indirect subsidiary of UGI Corporation (NYSE: UGI). The company's growth strategy focuses on developing internal sales and marketing programs, leveraging scale and productivity, and pursuing opportunistic acquisitions of local, regional, and national propane distributors.

Competitive Landscape

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AmeriGas' top competitors include Suburban Propane, Tankfarm, and Cynch. AmeriGas holds a dominant market position as the largest propane distributor by scale and geographic reach, competing primarily on distribution network density, customer service, and acquisition integration capability.

Industry Context

AmeriGas Partners, L.P. operates in Propane distribution and retail.

Key facts

Founded: 1959 · Headquarters: King of Prussia, Pennsylvania, US · Employees: 3,027 (as of Mar 31, 2026) · Revenue: Estimated $2.8B+ (latest public data Sep 2018: $2.82B; Q2 2026 LTM data suppressed in filings) · Market cap: N/A

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Recent developments

Material events tracked by the AskCyborg corpus.

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Named competitors

Pulled from the analyst-debate framework. Click any competitor to see their Cyborg Score.

Suburban PropanePropane and heating equipment distributorCynchRegional propane distributorTankfarmPropane distribution services

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Industry context

AmeriGas Partners, L.P. operates in Propane distribution and retail. See how the rest of the sector scores on the Cyborg framework.

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Frequently asked questions

What does AmeriGas Partners, L.P. do?+
AmeriGas Partners engages in retail distribution of propane and related equipment and supplies across the United States, serving residential, commercial, industrial, agricultural, wholesale, and motor fuel customers. ...
What is AmeriGas Partners, L.P.'s Cyborg Score?+
AmeriGas Partners, L.P. has a Cyborg Score of 6/10 (Solid). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are AmeriGas Partners, L.P.'s main competitors?+
Named competitors include Suburban Propane, Cynch, Tankfarm. The full competitive landscape is in the AskCyborg report.
How can I get the full AmeriGas Partners, L.P. research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
How current is the AmeriGas Partners, L.P. research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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