AmeriGas

What AmeriGas does

AmeriGas Propane, L.P., a subsidiary of UGI Corporation (NYSE: UGI), is the nation's largest propane retailer, founded in 1959 and headquartered in King of Prussia, Pennsylvania. The company distributes propane and related services to residential, commercial, industrial, and agricultural customers across the United States through five geographic regions (Southeastern, Northeastern, Midwestern, Mid-Atlantic, and Western US). Its core product portfolio centers on residential and commercial propane delivery via company-owned fleet, with both automatic scheduled delivery and customer-initiated will-call options, supplemented by propane tank installation, tank rental, grill tank exchange (including the Cynch online delivery brand), and the AutoGas fleet refueling program for commercial vehicle operators.

The company's underlying technology infrastructure includes company-owned tank monitoring telemetry systems that collect GPS location and fill-level data from customer propane tanks, enabling automatic delivery scheduling based on usage forecasting. Supporting digital channels include the MyAmeriGas online portal for account management, ordering, payments, and text-message delivery notifications. Revenue is generated through four primary streams: per-gallon propane sales (subscription and market-rate pricing), annual equipment rental for tanks and regulators, cylinder exchange through retail partner networks (primarily 20lb cylinders), and various service/delivery fees (fuel recovery fees, hazmat compliance fees, safety check fees, emergency delivery surcharges, and early termination fees). Customer service operations were insourced back to the United States over the 18 months prior to 2026.

AmeriGas sells to four primary customer segments: residential homeowners (home heating, water heating, cooking, outdoor living), commercial and industrial buyers (AutoGas fleets, restaurants, forklifts, construction equipment), agricultural operations (crop drying, poultry brooding), and retail propane cylinder exchange partners. Pricing varies by customer type, volume, delivery method, and state-specific regulations, with both fixed-price guarantee programs (AmeriLock GPP) and market-rate pricing available. The company maintains a AAA MSCI ESG rating and achieved all 2025 ESG targets ahead of schedule. Recent strategic moves include a May 2026 $500 million senior notes refinancing and a partnership with Prime Data Centers to develop natural gas supply infrastructure for the Pennsylvania data center market, projecting demand exceeding 100,000 dekatherms per day within 3-5 years.

Name

AmeriGas

Legal name

AmeriGas Propane, L.P.

Website

https://amerigas.com

Company type

Private

Founded year

1959

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

AmeriGas Propane, L.P., a subsidiary of UGI Corporation, is the nation's largest propane retailer, distributing propane, tank rental, and related services to residential, commercial, industrial, and agricultural customers across the United States through direct fleet delivery and retail cylinder exchange partnerships.

Ownership category

akta.pro rank

Product category

Propane Distribution Services

NAICS

Fuel Dealers (457210), Fuel Dealers (45721), Petroleum and Petroleum Products Merchant Wholesalers (4247)

SIC

Wholesale-Petroleum & Petroleum Products (No Bulk Stations) (5172), Wholesale-Petroleum Bulk Stations & Terminals (5171)

akta.pro primary industry

Branded Fuels Wholesaling & Jobber Distribution (EUALAIAB)

akta.pro secondary industries

Commercial & Fleet Fueling (Cardlock, On-Site Tanks, Bulk Delivery) (EUALAIAD), Bulk Fuel, Propane & Energy Supply for Farms (Retailer-Operated) (AFABAJAL)

Keywords

• Propane distribution
• Residential propane delivery
• Commercial propane supply
• Propane tank rental
• Autogas fleet fuel

Headquarters

HQ city

King Of Prussia

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Propane Sales: Core revenue stream from selling propane gas to residential, commercial, industrial, and agricultural customers. Propane is priced per gallon with pricing varying by customer type, delivery method, volume, and location. Both fixed pricing agreements and market-rate pricing are offered.
2. Equipment Rental: Revenue from leasing propane storage tanks and equipment to customers. Equipment rent is charged annually and varies based on tank size, equipment type, location, and customer usage patterns.
3. Cylinder Exchange: Sale of propane cylinders (primarily 20lb cylinders) through retail partners for resale to end consumers. Includes both filled cylinder sales and exchange services.
4. Service and Delivery Fees: Various fees including delivery charges, hazmat compliance fees, safety check fees, service dispatch charges, and convenience fees for expedited or will-call deliveries.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

AmeriGas markets and distributes propane, propane equipment, and related services to residential, commercial, industrial, and agricultural customers across the United States. The company offers direct propane delivery (Automatic and Will Call), tank installation and rental programs, cylinder exchange through retail partners, and specialized programs including AutoGas fleet solutions and the Cynch grill tank delivery service.

Product overview

AmeriGas is a propane distribution company offering a portfolio of products and services centered on residential and commercial propane delivery. The core offerings include residential propane delivery (Automatic and Will Call options) and commercial propane delivery for various industrial applications. Supporting services include propane tank installation (above-ground and underground), tank rental/lease programs, grill tank exchange services, and the Cynch online tank delivery platform. The MyAmeriGas online account portal enables customers to manage accounts, order deliveries, and pay bills. Commercial applications include AutoGas fleet solutions, forklifts, construction equipment, agricultural uses (crop drying, poultry brooding), and temporary heating. The company operates primarily in the United States, with headquarters in King of Prussia, Pennsylvania.

Differentiator

Problem solved

Functional benefit

Products and services

• Residential Propane Delivery Propane delivery service for residential customers covering home heating, hot water, appliances, and outdoor living applications. Available through Automatic delivery (scheduled based on usage forecasts) or Will Call delivery (customer-initiated), priced per gallon with monthly billing and state-specific fee schedules.
• Commercial Propane Delivery Propane delivery and service for commercial and industrial customers including restaurants, warehouses, manufacturing facilities, agricultural operations, construction sites, and AutoGas fleets. Offers market-rate per-gallon pricing or fixed-price agreements with volume-based discounts and a National Accounts program for multi-location operators.
• Propane Tank Installation Professional installation of above-ground and underground propane storage tanks at residential and commercial properties, offered in multiple sizes including 500-gallon tanks, with associated regulators and piping.
• Propane Tank Rental Program Annual rental/leasing program for propane storage tanks and related equipment (regulators, piping, tank monitors) with annual Equipment Rent charges varying by tank size, equipment type, location, and usage. Rent is waived for customers purchasing at least twice the water capacity of their tank in propane annually.
• Grill Tank Exchange Exchange and refill service for 20lb propane cylinders used for grilling and outdoor cooking, available at partner retail locations across the country through both self-serve exchange cages and full-service exchange options.
• Cynch Propane Tank Delivery Online propane tank delivery service operating under the Cynch brand, allowing customers to order grill tanks through the web for convenient direct-to-door delivery.
• AutoGas Fleet Program Propane autogas solution for fleet operators including on-site refueling stations, grants and incentives support for vehicle conversions, and conversion services for transportation fleets and materials-handling equipment (forklifts).
• MyAmeriGas Online Account Portal Online customer portal allowing AmeriGas customers to manage their propane accounts, place delivery orders, pay bills, check delivery status, set up text-message notifications, and communicate with customer support representatives.

Quantifiable outcome

• AAA MSCI ESG rating achieved and maintained
• +1 more outcomes

Named customers1 record

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered core, flagship and minor.

• Prime Data CenterscoreStrategic or Co-development Partner · 6 May 2026UGI Corporation (AmeriGas parent) entered a strategic partnership with Prime Data Centers to develop natural gas supply infrastructure in Pennsylvania. The partnership projects demand exceeding 100,000 dekatherms per day within three to five years. This represents AmeriGas/UGI's expansion into data center energy infrastructure.
• Philadelphia Cycling Classic / Race Street PartnersflagshipGTM or Marketing PartnerAmeriGas is the title sponsor of the Philadelphia Cycling Classic, a professional cycling race returning August 30, 2026 after a decade-long hiatus. The event features UCI WorldTour teams and equal prize money for men's and women's fields ($75,000 each). AmeriGas hosted the Philly 250 Forum at its headquarters bringing together civic and sports leaders.
• g4 ProductionsminorOthersg4 Productions handles race direction for the Philadelphia Cycling Classic, the professional cycling event sponsored by AmeriGas.
• Retail Cylinder Exchange PartnerscoreChannel Partner/ Reseller/ DistributorAmeriGas partners with top retailers in neighborhoods across the country to provide propane cylinder exchange services. Retail partners host AmeriGas cylinder exchange cages and resell 20lb propane cylinders to end consumers.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Ferrellgas Partners: Ferrellgas is one of the largest U.S. propane retailers, competing head-to-head with AmeriGas in residential, commercial, and agricultural propane delivery. Operates the Blue Rhino cylinder exchange network as a direct competitor to AmeriGas's retail cylinder exchange program.
• Superior Plus: Superior Plus is a Canadian-based propane and specialty chemicals distributor with U.S. operations. Comparable in propane distribution to AmeriGas with similar residential and commercial delivery model.
• Blue Rhino: Blue Rhino is Ferrellgas's propane cylinder exchange brand and the largest grill tank exchange network in the U.S. Directly competes with AmeriGas's cylinder exchange program through retail partnerships.
• Suburban Propane Partners: Suburban Propane is a major national propane distributor serving residential, commercial, and agricultural customers with comparable delivery, tank rental, and cylinder exchange offerings. Direct competitor to AmeriGas across all major U.S. propane segments.
• Star Group (Star Gas Partners): Star Gas Partners operates a national propane distribution business serving residential and commercial customers across the U.S. Northeast and Mid-Atlantic regions. Directly comparable in business model and customer segments to AmeriGas.
• Heritage Propane: Heritage Propane was acquired by Suburban Propane in 2023 but historically operated as a major U.S. propane retailer. Comparable in customer base and distribution model to AmeriGas. Now integrated into Suburban Propane operations.

Broad incumbents

• DCC Energy: DCC Energy is the energy division of DCC plc, operating propane and fuel distribution businesses across the U.S. and Europe. A larger, diversified energy distributor with overlapping propane retail and commercial fueling operations.
• Energy Transfer: Energy Transfer is a major midstream energy company that has been involved in propane distribution through subsidiary operations. Significantly larger and broader than AmeriGas, but operates in adjacent propane and natural gas liquids value chains.
• UGI Energy Services: UGI Energy Services is a sister subsidiary of AmeriGas under UGI Corporation, focused on natural gas midstream operations and energy marketing. Operates within the same parent and provides natural gas supply infrastructure relevant to AmeriGas's strategic expansion.

Regional players

• Blossman Gas: Blossman Gas is a privately held propane distributor primarily serving the southeastern U.S. with comparable residential and commercial propane offerings. Smaller scale than AmeriGas but competes in overlapping geographies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/amerigas
• Facebookfacebook.com/amerigas
• LinkedInlinkedin.com/company/amerigas-propane

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds3 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AmeriGas