BNET Industries
Last Fiscal Year Sales:$750.0M
- Private
- US
Dow Jones Description
Heritage Operating L.P. distributes propane through a nationwide retail distribution network serving more than 700,000 customers from nearly 450 customer service locations in 34 states. Our operations extend from coast to coast, with concentrations in the western, upper midwestern, northeastern, and southeastern regions of the United States.
Chief Executive Officer
James E. BertelsmeyerNumber of Employees 2,999
Peer Companies
NAICS Code Liquefied Petroleum Gas (Bottled Gas) Dealers: 454312
News & Analysis
Filter by
heritage propane partners l.p. - All News and Analysis
Tulsa World, Okla., Business Briefs Column.
Tulsa World, Okla. Knight Ridder/Tribune Business News Jan. 6--EARNINGS, SALES JUMP 20 PERCENT AT SONIC: Sonic Corp. said Monday that fiscal first-quarter earnings rose 20 percent to $12.8 million, or 31 cents per diluted share. Revenues also rose 20 percent,...
Tulsa-based Heritage Propane Partners acquires Bi-State Propane
Heritage Propane Partners has acquired the remaining 50 percent interest in Bi-State Propane. The deal came in exchange for Heritage common units. Since 1995 Heritage has been a partner in Bi-State, which has operations in Nevada and eastern California. These are high-growth markets...
Heritage Propane Partners signs agreement to buy Metro Lift Propane
Heritage Propane Partners has signed a definitive agreement to buy the assets of Metro Lift Propane. Metro Lift operates in Nashville, Tenn.; Charlotte, N.C.; Greensboro, N.C.; Boston; Louisville, Ky.; St. Louis, Mo.; Dallas, Houston and New Orleans. The company was started in 1996 in Nashville by...
Energy transfer, heritage deal adds natural gas operations.(Tulsa, Oklahoma)(U.S. Propane LLC acquisition by affiliates of Energy Transfer )
A deal between Heritage Propane Partners and Energy Transfer Co. allows affiliates of Energy Transfer to buy U.S. Propane LP--Heritage's general partner--and U.S. Propane LLC. Meanwhile, Heritage will add Energy Transfer's natural gas midstream operations to its portfolio. U.S. Propane LLC is owned...
Heritage Propane posts increase in earnings
Heritage Propane Partners on Monday reported sharply higher earnings for the fiscal year ended Aug. 31. Net income for the fiscal year totaled $31.1 million, or $1.79 per limited partner unit, up from $4.9 million, or 25 cents per unit, for the previous fiscal year. Revenues...
Tulsa-based Heritage Propane Partners plans Energy Transfer merger
Heritage Propane Partners of Tulsa has entered a merger agreement with Energy Transfer Co. in a deal valued at $980 million. This will create a diversified master limited partnership by adding natural gas midstream operations to Heritage's existing retail propane operations, the firm said Friday. ...
Tulsa World, Okla., Business Briefs Column.
Tulsa World, Okla. Knight Ridder/Tribune Business News Oct. 17--HERITAGE PROPANE BUYS GEORGIA COMPANY: Heritage Propane Partners LP announced Thursday it has acquired the assets of Sunbeam LP Gas Inc. of Bremen, Ga., which serves about 2,100 customers in the market west of...
Heritage Propane buys assets of Moore-L.P. Gas
Heritage Propane Partners has bought the assets of Moore-L.P. Gas of Eatonton, Ga. The company serves approximately 2,700 customers in the market near Lake Oconee, east of Atlanta. Moore-L.P. was started by Bill and Janette Moore in 1971. All of the employees have been offered employment with Tulsa-based...
Tulsa World, Okla., Business Briefs Column.
Tulsa World, Okla. Knight Ridder/Tribune Business News Oct. 16--HERITAGE PROPANE PARTNERS ACQUIRES GEORGIA COMPANY: Heritage Propane Partners LP said Wednesday it has acquired Moore-LP Gas Inc. of Eatonton, Ga., a company that serves about 2,700 customers in the market near Lake...
Heritage Propane acquires Archibald Propane
Heritage Propane Partners on Wednesday said it has bought the assets of Archibald Propane, Tremonton, Utah. Archibald serves about 1,000 customers in northern Utah and southern Idaho. Archibald Propane was owned by the Archibald family which owns several businesses in the Tremonton area. Todd and Shyrrl...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| James E. Bertelsmeyer | Chief Executive Officer |
| Bill Powers | President |
| R Paul Grady | Senior Vice President & Chief Operating Officer |
| C Stephen Sheffield | Vice President of Northeast Operations |
| Jim Hamilton | Vice President of Central Operations |
| Mark A Darr | Vice President of Southern Operations |
| Phil Comstock | Vice President of Southwest Operations |
| Tom Stikeleather | Vice President of Operations & Business Development, Metrolift Propane |
| Van Peterson | Vice President of Northwest Operations |
| Bradley K Atkinson | |
| Curtis L Weishahn | |
| David Riggan | |
| Eric Beatty | General Counsel |
| Paul Ward | |
| R C Mills |
James E. Bertelsmeyer will become a director effective upon consummation of this offering. Mr. Bertelsmeyer is the retired Chairman, Chief Executive Officer and Founder of Heritage Propane Partners LP, now Energy Transfer Partners LP, one of the largest natural gas transporters and the third largest retail propane marketer in the nation. He started his business career on the Conoco Pipeline Management Development Program in 1969, eventually having the responsibility for all of Conoco s domestic gas liquids business. In 1979, he joined Buckeye Gas Products as Senior Vice President of Supply and Distribution. He was elected President and Chief Operating Officer one year later of what was then the nation s largest retail propane marketer. Mr. Bertelsmeyer has served on the Board of Directors of the National Propane Gas Association (NPGA) for 31 years and as Chairman of the Executive Committee, the Government Affairs Committee and the Market Statistics Committee as well as numerous sub-committees and task forces. He was elected as NPGA s National President in June of 1998, and was a co-founder of the industry s Propane Education and Research Council. Mr. Bertelsmeyer is the past President of the Academy of Chemical Engineers and a member of the Board of Trustees of that institution. He holds a B.S. and a Professional Engineering Degree in Chemical Engineering from the University of Missouri at Rolla and an M.B.A. from the University of Memphis. Mr. Bertelsmeyer will serve as a Class director.
| Organization | Position | Status |
|---|---|---|
| Heritage Propane Partners, L.P. | Chief Executive Officer | Current |
| Heritage Propane Partners, L.P. | Founder | Current |
| Heritage Propane Partners, L.P. | Chairman | Current |
| Maxum Petroleum Holdings, Inc. | Board of Directors | Current |
| University of Memphis | M.B.A. | Former |
| Missouri University of Science and Technology | B.S. | Former |
| University of Memphis | B.S. | Former |
| Missouri University of Science and Technology | Degree In Chemical Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Heritage Propane Partners, L.P. | President | Current |
| Energy Transfer Partners, L.P. | President, Heritage Propane | Current |
| Heritage Propane Partners, L.P. | Vice President of Northern Operations | Current |
| Star Gas Partners, L.P. | Chief Executive Officer | Former |
| Star Gas Partners, L.P. | President | Former |
| University of Vermont | MBA degree | Former |
| University of Notre Dame | BA degree | Former |
| Organization | Position | Status |
|---|---|---|
| Heritage Propane Partners, L.P. | Senior Vice President & Chief Operating Officer | Current |
| Propane Education & Research Council, Inc. | Board of Directors | Current |
| AmeriGas Propane Inc | Former | |
| Stetson University College of Law | J.D. | Former |
| Stetson University | B.A. In Marketing | Former |
| Organization | Position | Status |
|---|---|---|
| Heritage Propane Partners, L.P. | Vice President of Northeast Operations | Current |
| Heritage Propane | Regional Vice President | Current |
| Vermont Fuel Dealers Association | Current | |
| New York Propane Gas Association | Former | |
| Syracuse University | MBA | Former |
| The College of Wooster | B.A. | Former |
| Organization | Position | Status |
|---|---|---|
| Heritage Propane Partners, L.P. | Vice President of Central Operations | Current |
| Heritage Propane | Current | |
| Star Gas Partners, L.P. | Former | |
| Suburban Propane Partners, L.P. | Former |
Mr. Darr has 17 years in the propane industry. Mr. Darr joined Heritage in 1991 and has held various positions including District Manager and Vice President and Regional Manager before his election to Vice President - Southern Operations, in July 2000. Prior to joining Heritage, Mr. Darr held various positions with Texgas Corporation, and its successor, Suburban Propane. He is currently serving as President of the Florida Propane Gas Association and is the Florida Director of the National Propane Gas Association. Mr. Darr received his undergraduate business degree from the University of Tennessee.
| Organization | Position | Status |
|---|---|---|
| Energy Transfer Partners, L.P. | Vice President, Southern Operations | Current |
| Heritage Propane Partners, L.P. | Vice President of Southern Operations | Current |
| Heritage Propane | Current | |
| The University of Tennessee | Undergraduate Degree | Former |
| The University of Tennessee | Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Heritage Propane Partners, L.P. | Vice President of Southwest Operations | Current |
| Heritage Propane | Current |
Mr. Stikeleather joined Heritage Propane in 2004 following the acquisition of MetroLift Propane which he co-founded in 1996. Over the past 34 years, Mr. Stikeleather has held various positions in the propane industry and prior to founding MetroLift Propane, was a Marketing Manager for Suburban Propane. He is a current member of the Engine Fuel Advisory Committee to the Propane Education & Research Council and past Supplier Director of the Florida Propane Gas Association.
| Organization | Position | Status |
|---|---|---|
| Heritage Propane Partners, L.P. | Vice President of Operations & Business Development, Metrolift Propane | Current |
| Metro Lift Propane | Vice President, Operations, Business Development | Current |
| Energy Transfer Partners, L.P. | Vice-President of Operations & Business Development - MetroLift Propane | Current |
| Heritage Propane | Current | |
| Metro Lift Propane | Founder | Former |
| Florida Propane Gas Association | Supplier Director | Former |
| Suburban Propane Partners, L.P. | Marketing Manager | Former |
| Metro Lift Propane | District Manager | Former |
| Organization | Position | Status |
|---|---|---|
| Heritage Propane Partners, L.P. | Vice President of Northwest Operations | Current |
| Heritage Propane | Current |
| Organization | Position | Status |
|---|---|---|
| Heritage Propane Partners, L.P. | Current | |
| Oklahoma State University | MBA | Former |
| Organization | Position | Status |
|---|---|---|
| Heritage Propane Partners, L.P. | Current |
| Organization | Position | Status |
|---|---|---|
| Heritage Propane Partners, L.P. | Current | |
| LP Gas Magazine | Current | |
| AmeriGas Propane Inc | Cfo | Former |
| Fortune Brands, Inc. | Vice President | Former |
| Fortune Brands, Inc. | Director of Internal Audit | Former |
| Fortune Brands, Inc. | Controller | Former |
| 24 Hour Fitness USA, Inc. | Former | |
| Caliber Holdings, Inc | Former | |
| Virginia Polytechnic Institute and State University | Mba | Former |
| Virginia Polytechnic Institute and State University | B.S In Accounting | Former |
Mr. Beatty joined Heritage Propane in August, 2007, as General Counsel. Prior to joining Heritage, Mr. Beatty spent more than fourteen years in private practice representing product manufacturers and energy companies in litigation and transactional matters throughout the United States. Mr. Beatty has been a member of the Propane Gas Defense Association for more than thirteen years. Mr. Beatty holds a bachelor’s degree from Valparaiso University and a Juris Doctor degree from Pepperdine University School of Law.
| Organization | Position | Status |
|---|---|---|
| Heritage Propane Partners, L.P. | General Counsel | Current |
| Heritage Propane | General Counsel | Current |
| Energy Transfer Partners, L.P. | General Counsel | Current |
| Pepperdine University School of Law | Juris Doctor Degree | Former |
| Valparaiso University | Bachelor's Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Heritage Propane Partners, L.P. | Current |
| Organization | Position | Status |
|---|---|---|
| Heritage Propane Partners, L.P. | Current |
Industry Transcripts by Seeking Alpha
-
StealthGas Inc. Q3 2009 Earnings Call Transcript
on Nov 17, 2009about GASS
-
WGL Holdings Inc. F4Q09 (Qtr End 09/30/09) Earnings Call Transcript
on Nov 13, 2009about WGL
-
ORMAT Technologies Inc. Q3 2009 Earnings Conference Call Transcript
on Nov 12, 2009about ORA
-
Evolution Petroleum Corp F1Q10 (Qtr End 30/09/09) Earnings Call Transcript
on Nov 12, 2009about EPM
-
EnCana Corporation Q3 2009 Earnings Call Transcript
on Nov 12, 2009about ECA
IndustryTop Rated
- Clinton: Energy Efficiency Is Not Sexy, But Important Low-Hanging Fruit 4 votes
- Trina Solar: Still Struggling to Bring Manufacturing Costs in Line With Falling Prices 3 votes
- Boxer Rolls Political Dice, Climate Bill Moves Onto Senate Floor 3 votes
- Valero to Shutter Some Refinery Operations, Cut Hundreds of Jobs 3 votes
- Week in Oil & Gas: Climate Bill Hurdles and Refining Blues 2 votes

